Fixed Income

Fixed Income Capital Markets

Sterne Agee’s Fixed Income Division was built by delivering value added services outside of the execution of any particular security. The Team is focused on each client’s unique risk management and return parameters which allows them to deliver solutions to both Credit and Rates clients in a manner that builds long term partnerships not typically found in our industry.

Depth of Personnel and Distribution Network:
Our broad fixed income product expertise and extensive distribution system allow us to offer banks, credit unions, insurance companies, money managers, government entities, corporations and many other institutions a wide range of comprehensive financial solutions. We are very proud of our ability to provide top-notch execution in all market conditions. Sterne Agee furnishes investment products that address the unique needs of our clients in two broad fixed income categories:

Rate Products

  • Agencies
  • Mortgage Backed Securities
  • Municipals

Credit Products

  • Structured Products (Trups, CLO, CDO, RMBS, CMBS)
  • Investment Grade Corporates
  • High Yield Securities
  • Convertibles

Above All Else, Two Things Distinguish our Efforts:

  • Our daily goal is to work with clients to form long-term relationships where service and excellent advice guide each transaction.
  • Our mission is to execute trades on behalf of our clients, rather than to engage in proprietary trading on our own behalf. Because our interests are aligned with theirs, we offer clients a diverse and continually fresh array of fixed income products.

Fixed Income Products and Services

Fixed Income offers clients the following products and services:

  • Structured Products
    • CDO's, CLO's, ILS, TRuPs, SIVs, RMBS, CMBS
  • U.S. Agency Debt Securities 
    • Federal Home Loan Bank
    • Federal Farm Credit Bank
    • Federal Home Loan Mortgage Corporation
    • Federal National Mortgage Association
    • Student Loan Marketing Association
    • Various other agency-backed securities
  • Asset-Backed Securities
  • Corporate Debt including Convertibles, Preferreds, and High Yields
  • Treasury Securities
  • Mortgage-Backed Securities
    • Government National Mortgage Association (GNMA)
    • Government Agency Collateralized Mortgage Obligations (CMOs)
    • Private Label CMOs
    • HUD/FHA Project Notes and Section 8 Securities
    • Commercial Mortgage-Backed Securities
    • CRA
  • Municipal Debt Securities 
    • New Issues
    • Bank Qualifieds
  • Fixed Income Analytics
    • ROE Decomposition – IDEAS
    • Trust Preferred Valuations – SAV
    • Analyzing Credit Risk – SACE
    • Swap Analysis
  • Bank-Owned Life Insurance (BOLI)
  • Investment-Grade Research
  • High-Yield Research