<!DOCTYPE html>
<html lang="en" dir="ltr">
<head>
<meta charset="UTF-8">
<meta name="viewport" content="width=device-width, initial-scale=1.0">
<title>Stifel Institutional | Fixed Income Capital Markets</title>
<link rel=" shortcut icon"
type="image/png"
href="https://stifelinstitutional.com/wp-content/uploads/2022/08/Favicon-Institutional.svg">
<link rel="icon" href="https://stifelinstitutional.com/wp-content/uploads/2022/08/Favicon-Institutional.svg">
<link rel="apple-touch-icon" href="https://stifelinstitutional.com/wp-content/uploads/2022/08/Favicon-Institutional.svg">
<link rel="apple-touch-icon-precomposed" href="https://stifelinstitutional.com/wp-content/uploads/2022/08/Favicon-Institutional.svg">
<link rel="apple-touch-icon" href="https://stifelinstitutional.com/wp-content/uploads/2022/08/Favicon-Institutional.svg">
<meta name="google-site-verification" content="C47aFtAn3LimBf8IifC0k5tbLl8fwZm-kkp3uQG-cpw" />
<link rel="profile" href="http://gmpg.org/xfn/11">
<link rel="pingback" href="https://stifelinstitutional.com/xmlrpc.php">
<link rel="canonical" href="https://stifelinstitutional.com/capabilities/fixed-income-capital-markets/" />
<!-- Apple meta tags -->
<meta name="apple-mobile-web-app-capable" content="yes">
<meta name='robots' content='index, follow, max-image-preview:large, max-snippet:-1, max-video-preview:-1' />
<style>img:is([sizes="auto" i], [sizes^="auto," i]) { contain-intrinsic-size: 3000px 1500px }</style>
<!-- This site is optimized with the Yoast SEO plugin v21.4 - https://yoast.com/wordpress/plugins/seo/ -->
<meta name="description" content="With deep resources and a global footprint, Stifel Fixed Income Capital Markets consists of a team of 80+ traders with nearly $500 billion annual trade volume." />
<link rel="canonical" href="https://stifelinstitutional.com/capabilities/fixed-income-capital-markets/" />
<meta property="og:locale" content="en_US" />
<meta property="og:type" content="article" />
<meta property="og:title" content="Stifel Institutional | Fixed Income Capital Markets" />
<meta property="og:description" content="With deep resources and a global footprint, Stifel Fixed Income Capital Markets consists of a team of 80+ traders with nearly $500 billion annual trade volume." />
<meta property="og:url" content="https://stifelinstitutional.com/capabilities/fixed-income-capital-markets/" />
<meta property="og:site_name" content="Stifel Institutional" />
<meta property="article:modified_time" content="2024-11-22T16:35:20+00:00" />
<meta property="og:image" content="https://stifelinstitutional.com/wp-content/uploads/2021/02/OG-image-1.jpg" />
<meta property="og:image:width" content="2560" />
<meta property="og:image:height" content="928" />
<meta property="og:image:type" content="image/jpeg" />
<meta name="twitter:card" content="summary_large_image" />
<meta name="twitter:label1" content="Est. reading time" />
<meta name="twitter:data1" content="1 minute" />
<script type="application/ld+json" class="yoast-schema-graph">{"@context":"https://schema.org","@graph":[{"@type":"WebPage","@id":"https://stifelinstitutional.com/capabilities/fixed-income-capital-markets/","url":"https://stifelinstitutional.com/capabilities/fixed-income-capital-markets/","name":"Stifel Institutional | Fixed Income Capital Markets","isPartOf":{"@id":"https://stifelinstitutional.com/#website"},"primaryImageOfPage":{"@id":"https://stifelinstitutional.com/capabilities/fixed-income-capital-markets/#primaryimage"},"image":{"@id":"https://stifelinstitutional.com/capabilities/fixed-income-capital-markets/#primaryimage"},"thumbnailUrl":"https://stifelinstitutional.com/wp-content/uploads/2021/01/fixed-income-scaled.jpg","datePublished":"2021-01-18T15:28:40+00:00","dateModified":"2024-11-22T16:35:20+00:00","description":"With deep resources and a global footprint, Stifel Fixed Income Capital Markets consists of a team of 80+ traders with nearly $500 billion annual trade volume.","breadcrumb":{"@id":"https://stifelinstitutional.com/capabilities/fixed-income-capital-markets/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https://stifelinstitutional.com/capabilities/fixed-income-capital-markets/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https://stifelinstitutional.com/capabilities/fixed-income-capital-markets/#primaryimage","url":"https://stifelinstitutional.com/wp-content/uploads/2021/01/fixed-income-scaled.jpg","contentUrl":"https://stifelinstitutional.com/wp-content/uploads/2021/01/fixed-income-scaled.jpg","width":2560,"height":928,"caption":"fixed-income"},{"@type":"BreadcrumbList","@id":"https://stifelinstitutional.com/capabilities/fixed-income-capital-markets/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https://stifelinstitutional.com/"},{"@type":"ListItem","position":2,"name":"Fixed Income Capital Markets"}]},{"@type":"WebSite","@id":"https://stifelinstitutional.com/#website","url":"https://stifelinstitutional.com/","name":"Stifel Institutional","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://stifelinstitutional.com/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"}]}</script>
<!-- / Yoast SEO plugin. -->
<style id='classic-theme-styles-inline-css' type='text/css'>
/*! This file is auto-generated */
.wp-block-button__link{color:#fff;background-color:#32373c;border-radius:9999px;box-shadow:none;text-decoration:none;padding:calc(.667em + 2px) calc(1.333em + 2px);font-size:1.125em}.wp-block-file__button{background:#32373c;color:#fff;text-decoration:none}
</style>
<style id='global-styles-inline-css' type='text/css'>
:root{--wp--preset--aspect-ratio--square: 1;--wp--preset--aspect-ratio--4-3: 4/3;--wp--preset--aspect-ratio--3-4: 3/4;--wp--preset--aspect-ratio--3-2: 3/2;--wp--preset--aspect-ratio--2-3: 2/3;--wp--preset--aspect-ratio--16-9: 16/9;--wp--preset--aspect-ratio--9-16: 9/16;--wp--preset--color--black: #000000;--wp--preset--color--cyan-bluish-gray: #abb8c3;--wp--preset--color--white: #ffffff;--wp--preset--color--pale-pink: #f78da7;--wp--preset--color--vivid-red: #cf2e2e;--wp--preset--color--luminous-vivid-orange: #ff6900;--wp--preset--color--luminous-vivid-amber: #fcb900;--wp--preset--color--light-green-cyan: #7bdcb5;--wp--preset--color--vivid-green-cyan: #00d084;--wp--preset--color--pale-cyan-blue: #8ed1fc;--wp--preset--color--vivid-cyan-blue: #0693e3;--wp--preset--color--vivid-purple: #9b51e0;--wp--preset--gradient--vivid-cyan-blue-to-vivid-purple: linear-gradient(135deg,rgba(6,147,227,1) 0%,rgb(155,81,224) 100%);--wp--preset--gradient--light-green-cyan-to-vivid-green-cyan: linear-gradient(135deg,rgb(122,220,180) 0%,rgb(0,208,130) 100%);--wp--preset--gradient--luminous-vivid-amber-to-luminous-vivid-orange: linear-gradient(135deg,rgba(252,185,0,1) 0%,rgba(255,105,0,1) 100%);--wp--preset--gradient--luminous-vivid-orange-to-vivid-red: linear-gradient(135deg,rgba(255,105,0,1) 0%,rgb(207,46,46) 100%);--wp--preset--gradient--very-light-gray-to-cyan-bluish-gray: linear-gradient(135deg,rgb(238,238,238) 0%,rgb(169,184,195) 100%);--wp--preset--gradient--cool-to-warm-spectrum: linear-gradient(135deg,rgb(74,234,220) 0%,rgb(151,120,209) 20%,rgb(207,42,186) 40%,rgb(238,44,130) 60%,rgb(251,105,98) 80%,rgb(254,248,76) 100%);--wp--preset--gradient--blush-light-purple: linear-gradient(135deg,rgb(255,206,236) 0%,rgb(152,150,240) 100%);--wp--preset--gradient--blush-bordeaux: linear-gradient(135deg,rgb(254,205,165) 0%,rgb(254,45,45) 50%,rgb(107,0,62) 100%);--wp--preset--gradient--luminous-dusk: linear-gradient(135deg,rgb(255,203,112) 0%,rgb(199,81,192) 50%,rgb(65,88,208) 100%);--wp--preset--gradient--pale-ocean: linear-gradient(135deg,rgb(255,245,203) 0%,rgb(182,227,212) 50%,rgb(51,167,181) 100%);--wp--preset--gradient--electric-grass: linear-gradient(135deg,rgb(202,248,128) 0%,rgb(113,206,126) 100%);--wp--preset--gradient--midnight: linear-gradient(135deg,rgb(2,3,129) 0%,rgb(40,116,252) 100%);--wp--preset--font-size--small: 13px;--wp--preset--font-size--medium: 20px;--wp--preset--font-size--large: 36px;--wp--preset--font-size--x-large: 42px;--wp--preset--spacing--20: 0.44rem;--wp--preset--spacing--30: 0.67rem;--wp--preset--spacing--40: 1rem;--wp--preset--spacing--50: 1.5rem;--wp--preset--spacing--60: 2.25rem;--wp--preset--spacing--70: 3.38rem;--wp--preset--spacing--80: 5.06rem;--wp--preset--shadow--natural: 6px 6px 9px rgba(0, 0, 0, 0.2);--wp--preset--shadow--deep: 12px 12px 50px rgba(0, 0, 0, 0.4);--wp--preset--shadow--sharp: 6px 6px 0px rgba(0, 0, 0, 0.2);--wp--preset--shadow--outlined: 6px 6px 0px -3px rgba(255, 255, 255, 1), 6px 6px rgba(0, 0, 0, 1);--wp--preset--shadow--crisp: 6px 6px 0px rgba(0, 0, 0, 1);}:where(.is-layout-flex){gap: 0.5em;}:where(.is-layout-grid){gap: 0.5em;}body .is-layout-flex{display: flex;}.is-layout-flex{flex-wrap: wrap;align-items: center;}.is-layout-flex > :is(*, div){margin: 0;}body .is-layout-grid{display: grid;}.is-layout-grid > :is(*, div){margin: 0;}:where(.wp-block-columns.is-layout-flex){gap: 2em;}:where(.wp-block-columns.is-layout-grid){gap: 2em;}:where(.wp-block-post-template.is-layout-flex){gap: 1.25em;}:where(.wp-block-post-template.is-layout-grid){gap: 1.25em;}.has-black-color{color: var(--wp--preset--color--black) !important;}.has-cyan-bluish-gray-color{color: var(--wp--preset--color--cyan-bluish-gray) !important;}.has-white-color{color: var(--wp--preset--color--white) !important;}.has-pale-pink-color{color: var(--wp--preset--color--pale-pink) !important;}.has-vivid-red-color{color: var(--wp--preset--color--vivid-red) !important;}.has-luminous-vivid-orange-color{color: var(--wp--preset--color--luminous-vivid-orange) !important;}.has-luminous-vivid-amber-color{color: var(--wp--preset--color--luminous-vivid-amber) !important;}.has-light-green-cyan-color{color: var(--wp--preset--color--light-green-cyan) !important;}.has-vivid-green-cyan-color{color: var(--wp--preset--color--vivid-green-cyan) !important;}.has-pale-cyan-blue-color{color: var(--wp--preset--color--pale-cyan-blue) !important;}.has-vivid-cyan-blue-color{color: var(--wp--preset--color--vivid-cyan-blue) !important;}.has-vivid-purple-color{color: var(--wp--preset--color--vivid-purple) !important;}.has-black-background-color{background-color: var(--wp--preset--color--black) !important;}.has-cyan-bluish-gray-background-color{background-color: var(--wp--preset--color--cyan-bluish-gray) !important;}.has-white-background-color{background-color: var(--wp--preset--color--white) !important;}.has-pale-pink-background-color{background-color: var(--wp--preset--color--pale-pink) !important;}.has-vivid-red-background-color{background-color: var(--wp--preset--color--vivid-red) !important;}.has-luminous-vivid-orange-background-color{background-color: var(--wp--preset--color--luminous-vivid-orange) !important;}.has-luminous-vivid-amber-background-color{background-color: var(--wp--preset--color--luminous-vivid-amber) !important;}.has-light-green-cyan-background-color{background-color: var(--wp--preset--color--light-green-cyan) !important;}.has-vivid-green-cyan-background-color{background-color: var(--wp--preset--color--vivid-green-cyan) !important;}.has-pale-cyan-blue-background-color{background-color: var(--wp--preset--color--pale-cyan-blue) !important;}.has-vivid-cyan-blue-background-color{background-color: var(--wp--preset--color--vivid-cyan-blue) !important;}.has-vivid-purple-background-color{background-color: var(--wp--preset--color--vivid-purple) !important;}.has-black-border-color{border-color: var(--wp--preset--color--black) !important;}.has-cyan-bluish-gray-border-color{border-color: var(--wp--preset--color--cyan-bluish-gray) !important;}.has-white-border-color{border-color: var(--wp--preset--color--white) !important;}.has-pale-pink-border-color{border-color: var(--wp--preset--color--pale-pink) !important;}.has-vivid-red-border-color{border-color: var(--wp--preset--color--vivid-red) !important;}.has-luminous-vivid-orange-border-color{border-color: var(--wp--preset--color--luminous-vivid-orange) !important;}.has-luminous-vivid-amber-border-color{border-color: var(--wp--preset--color--luminous-vivid-amber) !important;}.has-light-green-cyan-border-color{border-color: var(--wp--preset--color--light-green-cyan) !important;}.has-vivid-green-cyan-border-color{border-color: var(--wp--preset--color--vivid-green-cyan) !important;}.has-pale-cyan-blue-border-color{border-color: var(--wp--preset--color--pale-cyan-blue) !important;}.has-vivid-cyan-blue-border-color{border-color: var(--wp--preset--color--vivid-cyan-blue) !important;}.has-vivid-purple-border-color{border-color: var(--wp--preset--color--vivid-purple) !important;}.has-vivid-cyan-blue-to-vivid-purple-gradient-background{background: var(--wp--preset--gradient--vivid-cyan-blue-to-vivid-purple) !important;}.has-light-green-cyan-to-vivid-green-cyan-gradient-background{background: var(--wp--preset--gradient--light-green-cyan-to-vivid-green-cyan) !important;}.has-luminous-vivid-amber-to-luminous-vivid-orange-gradient-background{background: var(--wp--preset--gradient--luminous-vivid-amber-to-luminous-vivid-orange) !important;}.has-luminous-vivid-orange-to-vivid-red-gradient-background{background: var(--wp--preset--gradient--luminous-vivid-orange-to-vivid-red) !important;}.has-very-light-gray-to-cyan-bluish-gray-gradient-background{background: var(--wp--preset--gradient--very-light-gray-to-cyan-bluish-gray) !important;}.has-cool-to-warm-spectrum-gradient-background{background: var(--wp--preset--gradient--cool-to-warm-spectrum) !important;}.has-blush-light-purple-gradient-background{background: var(--wp--preset--gradient--blush-light-purple) !important;}.has-blush-bordeaux-gradient-background{background: var(--wp--preset--gradient--blush-bordeaux) !important;}.has-luminous-dusk-gradient-background{background: var(--wp--preset--gradient--luminous-dusk) !important;}.has-pale-ocean-gradient-background{background: var(--wp--preset--gradient--pale-ocean) !important;}.has-electric-grass-gradient-background{background: var(--wp--preset--gradient--electric-grass) !important;}.has-midnight-gradient-background{background: var(--wp--preset--gradient--midnight) !important;}.has-small-font-size{font-size: var(--wp--preset--font-size--small) !important;}.has-medium-font-size{font-size: var(--wp--preset--font-size--medium) !important;}.has-large-font-size{font-size: var(--wp--preset--font-size--large) !important;}.has-x-large-font-size{font-size: var(--wp--preset--font-size--x-large) !important;}
:where(.wp-block-post-template.is-layout-flex){gap: 1.25em;}:where(.wp-block-post-template.is-layout-grid){gap: 1.25em;}
:where(.wp-block-columns.is-layout-flex){gap: 2em;}:where(.wp-block-columns.is-layout-grid){gap: 2em;}
:root :where(.wp-block-pullquote){font-size: 1.5em;line-height: 1.6;}
</style>
<link rel='stylesheet' id='contact-form-7-css' href='https://stifelinstitutional.com/wp-content/plugins/contact-form-7/includes/css/styles.css' type='text/css' media='all' />
<link rel='stylesheet' id='app-common-css-css' href='https://stifelinstitutional.com/wp-content/themes/stf-institutional-wp-theme/theme/css/app_common.4cc.css' type='text/css' media='all' />
<link rel='stylesheet' id='symbols-css' href='https://stifelinstitutional.com/wp-content/themes/stf-institutional-wp-theme/theme/symbols/symbol.css' type='text/css' media='all' />
<link rel='stylesheet' id='single_capability-css-css' href='https://stifelinstitutional.com/wp-content/themes/stf-institutional-wp-theme/theme/css/single_capability.4cc.css' type='text/css' media='all' />
<link rel="https://api.w.org/" href="https://stifelinstitutional.com/wp-json/" /><link rel="alternate" title="JSON" type="application/json" href="https://stifelinstitutional.com/wp-json/wp/v2/capability/67" /><link rel="alternate" title="oEmbed (JSON)" type="application/json+oembed" href="https://stifelinstitutional.com/wp-json/oembed/1.0/embed?url=https%3A%2F%2Fstifelinstitutional.com%2Fcapabilities%2Ffixed-income-capital-markets%2F" />
<link rel="alternate" title="oEmbed (XML)" type="text/xml+oembed" href="https://stifelinstitutional.com/wp-json/oembed/1.0/embed?url=https%3A%2F%2Fstifelinstitutional.com%2Fcapabilities%2Ffixed-income-capital-markets%2F&format=xml" />
<script nowprocket>
var base_wp_api = {"ajax_url":"https:\/\/stifelinstitutional.com\/wp-admin\/admin-ajax.php","current_page_ID":67,"root_url":"https:\/\/stifelinstitutional.com","currentPage":{"ID":67,"post_author":"9","post_date":"2021-01-18 10:28:40","post_date_gmt":"2021-01-18 15:28:40","post_content":"<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Overview<\/h2>\n<!-- \/wp:heading -->\n\n<!-- wp:heading {\"level\":4} -->\n<h4 class=\"wp-block-heading\">Delivering best-in-class services to help institutions succeed.<\/h4>\n<!-- \/wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Stifel Fixed Income Capital Markets provides a global platform to meet the wide-ranging investment and debt capital building needs of depository institutions, financial companies, hedge funds, income funds, insurance companies, money managers, state and local governments, and other institutions in North America, Europe and Asia. <\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Our customer-driven philosophy shapes a suite of products and services geared to help these institutions generate revenue, preserve wealth, and ultimately grow their businesses. In a time of shifting boundaries, Stifel Fixed Income Capital Markets continues to expand its brand of institutional financial services around the world.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:acf\/button-a-third-block {\"name\":\"acf\/button-a-third-block\",\"data\":{\"button_a_third\":{\"title\":\"Fixed Income Research Login\",\"url\":\"https:\/\/stifelfi-library.bluematrix.com\/client\/login.jsp\",\"target\":\"_blank\"},\"_button_a_third\":\"field_6005b55cab9c6\"},\"mode\":\"edit\"} \/-->\n\n<!-- wp:acf\/button-a-fourth-block {\"name\":\"acf\/button-a-fourth-block\",\"data\":{\"button_a_fourth\":{\"title\":\"Institutional Client Access\",\"url\":\"https:\/\/ca.stifel.com\/\",\"target\":\"_blank\"},\"_button_a_fourth\":\"field_600688e5f3a96\"},\"mode\":\"edit\"} \/-->\n\n<!-- wp:acf\/separator-block {\"name\":\"acf\/separator-block\",\"mode\":\"preview\"} \/-->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Fixed Income Platform<\/h2>\n<!-- \/wp:heading -->\n\n<!-- wp:acf\/accordion-block {\"name\":\"acf\/accordion-block\",\"data\":{\"accordion_0_title\":\"Taxable Sales and Trading\",\"_accordion_0_title\":\"field_60069756c8f2c\",\"accordion_0_content\":\"We are a full-service fixed income broker-dealer with 80+ traders and a 200+ sales team. Actively trading with accounts in the U.S., Europe, and Asia, we have $750+ billion of annual trade volume across the entire spectrum of taxable investment products, including:\\r\\n\\u003cul\\u003e\\r\\n \\t\\u003cli style=\\u0022font-weight: 400\\u0022\\u003eAsset-backed securities\\u003c\/li\\u003e\\r\\n \\t\\u003cli\\u003eCustomer loan swaps (\\u003ca href=\\u0022https:\/\/stifelinstitutional.com\/capabilities\/fixed-income-capital-markets\/interest-rate-products\/\\u0022 rel=\\u0022noopener\\u0022\\u003eoffered by Stifel Interest Rate Products, LLC\\u003c\/a\\u003e)\\u003c\/li\\u003e\\r\\n \\t\\u003cli\\u003eEmerging markets debt\\u003c\/li\\u003e\\r\\n \\t\\u003cli\\u003eHigh-yield and distressed debt\\u003c\/li\\u003e\\r\\n \\t\\u003cli\\u003eInterest rate products (\\u003ca href=\\u0022https:\/\/stifelinstitutional.com\/capabilities\/fixed-income-capital-markets\/interest-rate-products\/\\u0022 rel=\\u0022noopener\\u0022\\u003eoffered by Stifel Interest Rate Products, LLC\\u003c\/a\\u003e)\\u003c\/li\\u003e\\r\\n \\t\\u003cli\\u003eInvestment-grade corporate debt\\u003c\/li\\u003e\\r\\n \\t\\u003cli\\u003eMortgage-backed securities\\u003c\/li\\u003e\\r\\n \\t\\u003cli\\u003eMunicipal bonds\\u003c\/li\\u003e\\r\\n \\t\\u003cli\\u003ePrivate distressed non-securities\\u003c\/li\\u003e\\r\\n \\t\\u003cli\\u003eReorganized equity\\u003c\/li\\u003e\\r\\n \\t\\u003cli\\u003eStructured product\\u003c\/li\\u003e\\r\\n \\t\\u003cli\\u003eSyndicated loans\\u003c\/li\\u003e\\r\\n \\t\\u003cli\\u003eTrade claims\\u003c\/li\\u003e\\r\\n \\t\\u003cli\\u003eU.S. government securities\\u003c\/li\\u003e\\r\\n \\t\\u003cli\\u003eU.S. and GSE agency securities\\u003c\/li\\u003e\\r\\n \\t\\u003cli\\u003eWhole loans\\u003c\/li\\u003e\\r\\n\\u003c\/ul\\u003e\",\"_accordion_0_content\":\"field_6006975ac8f2d\",\"accordion_1_title\":\"Credit Research\",\"_accordion_1_title\":\"field_60069756c8f2c\",\"accordion_1_content\":\"\\u003cspan style=\\u0022font-weight: 400\\u0022\\u003eIndependent-minded and data-focused, Stifel\u2018s credit research group provides insight and analysis to help institutions generate revenue-building investment strategies. Research teams in investment grade, high yield and emerging markets deliver in-depth credit analysis and regularly publish on public, private and sovereign issuers across a range of key sectors and regions.\\u003c\/span\\u003e\\r\\n\\r\\n\\u003cspan style=\\u0022font-weight: 400\\u0022\\u003eOur analysts cover more than 50 sectors and follow more than 1,000 companies and sovereign entities. Experienced and well respected by their peers, they are consistently recognized by industry rankings.\\u003c\/span\\u003e\\r\\n\\r\\n\\u003cspan style=\\u0022font-weight: 400\\u0022\\u003eIn the 2021 Institutional Investor Global Fixed Income Research survey, Stifel was the highest ranking non-bulge bracket firm in the U.S. (#5) and Global (#6) rankings, and the Investment Grade (IG) and High Yield (HY) research teams ranked in the top 5 in their respective categories. Analysts were recognized in the following sectors. \\u003c\/span\\u003e\\r\\n\\u003cul\\u003e\\r\\n \\t\\u003cli\\u003eBuilding (HY)\\u003c\/li\\u003e\\r\\n \\t\\u003cli\\u003eChemicals (HY)\\u003c\/li\\u003e\\r\\n \\t\\u003cli\\u003eConsumer Products (IG)\\u003c\/li\\u003e\\r\\n \\t\\u003cli\\u003eDistressed (HY)\\u003c\/li\\u003e\\r\\n \\t\\u003cli\\u003eFinancials (HY)\\u003c\/li\\u003e\\r\\n \\t\\u003cli\\u003eGaming \\u0026amp; Lodging (HY)\\u003c\/li\\u003e\\r\\n \\t\\u003cli\\u003eHealthcare (IG)\\u003c\/li\\u003e\\r\\n \\t\\u003cli\\u003eInsurance (IG)\\u003c\/li\\u003e\\r\\n \\t\\u003cli\\u003eManufacturing\/General Industrials (HY)\\u003c\/li\\u003e\\r\\n \\t\\u003cli\\u003eMedia \\u0026amp; Entertainment (IG)\\u003c\/li\\u003e\\r\\n \\t\\u003cli\\u003eNonbank Financials (IG)\\u003c\/li\\u003e\\r\\n \\t\\u003cli\\u003ePaper \\u0026amp; Packaging (HY)\\u003c\/li\\u003e\\r\\n \\t\\u003cli\\u003eREITs (IG)\\u003c\/li\\u003e\\r\\n \\t\\u003cli\\u003eRetailing (IG)\\u003c\/li\\u003e\\r\\n \\t\\u003cli\\u003eTechnology (IG)\\u003c\/li\\u003e\\r\\n \\t\\u003cli\\u003eTelecommunications Services (IG)\\u003c\/li\\u003e\\r\\n \\t\\u003cli\\u003eTransportation (HY)\\u003c\/li\\u003e\\r\\n\\u003c\/ul\\u003e\",\"_accordion_1_content\":\"field_6006975ac8f2d\",\"accordion_2_title\":\"Strategy and Analytics\",\"_accordion_2_title\":\"field_60069756c8f2c\",\"accordion_2_content\":\"\\u003cp style=\\u0022font-weight: 400\\u0022\\u003eStifel\u2019s strategy and analytics team provides the foundation for a client-focused approach in providing custom solutions for community banks, credit unions, government entities, insurance companies and other institutional investors.\\u003c\/p\\u003e\\r\\n\\u003cb\\u003eDepository Strategy\\u003c\/b\\u003e\\r\\n\\r\\nOur depository strategists work alongside bank and credit union executives to develop solutions that maximize balance sheet efficiency and drive the bottom line.\\r\\n\\u003cul\\u003e\\r\\n \\t\\u003cli\\u003eBalance Sheet Optimization Model\\u003c\/li\\u003e\\r\\n \\t\\u003cli\\u003ePortfolio Review and Analysis\\u003c\/li\\u003e\\r\\n \\t\\u003cli\\u003eDerivatives and Balance Sheet Hedging Advisory Services (\\u003ca href=\\u0022https:\/\/stifelinstitutional.com\/capabilities\/fixed-income-capital-markets\/interest-rate-products\/\\u0022 rel=\\u0022noopener\\u0022\\u003eoffered\u00a0by Stifel Interest Rate Products, LLC\\u003c\/a\\u003e)\\u003c\/li\\u003e\\r\\n \\t\\u003cli\\u003eBond Swap Analysis\\u003c\/li\\u003e\\r\\n \\t\\u003cli\\u003eEnterprise Risk Management\\u003c\/li\\u003e\\r\\n \\t\\u003cli\\u003eStrategic Planning\\u003c\/li\\u003e\\r\\n \\t\\u003cli\\u003eCapital Planning\\u003c\/li\\u003e\\r\\n \\t\\u003cli\\u003eFinancial Institutions Restructuring \\u0026amp; Strategy Tool (FIRST)\\u003c\/li\\u003e\\r\\n \\t\\u003cli\\u003eAcquisition Restructuring Analysis\\u003c\/li\\u003e\\r\\n\\u003c\/ul\\u003e\\r\\n\\u003cb\\u003eProduct Strategy\\u003c\/b\\u003e\\r\\n\\r\\nDedicated to specific sectors in the fixed income market, our product strategists leverage their expertise to analyze investment portfolios and provide relative value ideas and portfolio strategies for improving performance.\\r\\n\\u003cul\\u003e\\r\\n \\t\\u003cli style=\\u0022font-weight: 400\\u0022\\u003e\\u003cspan style=\\u0022font-weight: 400\\u0022\\u003eGovernments and Agencies\\u003c\/span\\u003e\\u003c\/li\\u003e\\r\\n \\t\\u003cli style=\\u0022font-weight: 400\\u0022\\u003e\\u003cspan style=\\u0022font-weight: 400\\u0022\\u003eMortgage-Backed Securities\\u003c\/span\\u003e\\u003c\/li\\u003e\\r\\n \\t\\u003cli style=\\u0022font-weight: 400\\u0022\\u003e\\u003cspan style=\\u0022font-weight: 400\\u0022\\u003eCorporates\\u003c\/span\\u003e\\u003c\/li\\u003e\\r\\n \\t\\u003cli style=\\u0022font-weight: 400\\u0022\\u003e\\u003cspan style=\\u0022font-weight: 400\\u0022\\u003eMunicipals\\u003c\/span\\u003e\\u003cspan style=\\u0022font-weight: 400\\u0022\\u003e\\r\\n\\u003c\/span\\u003e\\u003c\/li\\u003e\\r\\n\\u003c\/ul\\u003e\\r\\n\\u003cb\\u003eBalance Sheet Solutions\\u003c\/b\\u003e\\r\\n\\u003cp style=\\u0022font-weight: 400\\u0022\\u003eFrom balance sheet reporting to regulatory considerations, Stifel offers a suite of analytics that provides the framework to help your institution achieve its stated objectives.\\u003c\/p\\u003e\\r\\n\\r\\n\\u003cul\\u003e\\r\\n \\t\\u003cli style=\\u0022font-weight: 400\\u0022\\u003e\\u003cspan style=\\u0022font-weight: 400\\u0022\\u003eBond Accounting and Safekeeping\\u003c\/span\\u003e\\u003c\/li\\u003e\\r\\n \\t\\u003cli style=\\u0022font-weight: 400\\u0022\\u003e\\u003cspan style=\\u0022font-weight: 400\\u0022\\u003eAsset Liability Management\\u003c\/span\\u003e\\u003c\/li\\u003e\\r\\n \\t\\u003cli style=\\u0022font-weight: 400\\u0022\\u003e\\u003cspan style=\\u0022font-weight: 400\\u0022\\u003eAnalytics Database (\\u003ca href=\\u0022https:\/\/portal.cb-resource.com\/Account\/Login?ReturnUrl=%2F\\u0022 target=\\u0022_blank\\u0022 rel=\\u0022noopener\\u0022\\u003eLogin\\u003c\/a\\u003e)\\u003c\/span\\u003e\\u003c\/li\\u003e\\r\\n \\t\\u003cli style=\\u0022font-weight: 400\\u0022\\u003e\\u003cspan style=\\u0022font-weight: 400\\u0022\\u003eRegulatory Support\\u003c\/span\\u003e\\u003c\/li\\u003e\\r\\n\\u003c\/ul\\u003e\",\"_accordion_2_content\":\"field_6006975ac8f2d\",\"accordion_3_title\":\"Municipal Markets\",\"_accordion_3_title\":\"field_60069756c8f2c\",\"accordion_3_content\":\"\\u003cb\\u003ePublic Finance\\u003c\/b\\u003e\\r\\n\\r\\n\\u003cspan style=\\u0022font-weight: 400\\u0022\\u003eStifel\u2019s Public Finance department has more than 200 professionals working to raise capital to build public facilities and essential infrastructure throughout the US. The department includes regional and sector coverage teams serving municipal and not-for-profit clients across a national footprint. From some of the nation\u2019s largest issuers, to small school districts and rural public agencies, Stifel\u2019s bankers and underwriters are called upon by public and private sector borrowers to develop and implement a variety of financing strategies in the municipal market, including tax-exempt and taxable bonds, private placements, loans and combinations thereof.\\u003c\/span\\u003e\\r\\n\\r\\n\\u003cspan style=\\u0022font-weight: 400\\u0022\\u003eSee more on Public Finance \\u003ca href=\\u0022https:\/\/stifelinstitutional.com\/capabilities\/public-finance\/?ver=1613238336\\u0022\\u003ehere\\u003c\/a\\u003e.\\u003c\/span\\u003e\\r\\n\\r\\n\\u003cb\\u003eMunicipal Sales \\u0026amp; Trading\\u003c\/b\\u003e\\r\\n\\r\\n\\u003cspan style=\\u0022font-weight: 400\\u0022\\u003eStifel\u2019s municipal institutional sales and trading platform is active in the new issue and secondary market. Our distribution network provides coverage of all classes of institutional municipal bond buyers, with traditional tier-one institutions, insurance companies, asset managers, and middle market accounts covered by our municipal institutional salesforce and crossover buyers covered by our rates and credit groups. Our municipal trading platform follows markets nationwide with dedicated muni traders located in money centers across the US. \\u003c\/span\\u003e\\r\\n\\r\\n\\u003cb\\u003eMunicipal Underwriting\\u003c\/b\\u003e\\r\\n\\r\\n\\u003cspan style=\\u0022font-weight: 400\\u0022\\u003eStifel is consistently a leading underwriter of negotiated sales by number of issues and a Top-10 underwriter of negotiated municipal bonds. Source: SDC Thomson Reuters\\u003c\/span\\u003e\",\"_accordion_3_content\":\"field_6006975ac8f2d\",\"accordion_4_title\":\"Debt Capital Markets\",\"_accordion_4_title\":\"field_60069756c8f2c\",\"accordion_4_content\":\"\\u003cspan style=\\u0022font-weight: 400\\u0022\\u003eThe debt capital markets group has extensive expertise in structuring and executing across multiple products in public and private markets, and their institutional distribution capabilities give meaningful access to a global investor universe that includes insurance companies, depositories and asset managers. Issuances include:\\u003c\/span\\u003e\\r\\n\\r\\n\\u003cb\\u003eInvestment Grade Debt\\u003c\/b\\u003e\\r\\n\\u003cul\\u003e\\r\\n \\t\\u003cli style=\\u0022font-weight: 400\\u0022\\u003e\\u003cspan style=\\u0022font-weight: 400\\u0022\\u003eSenior Notes\\u003c\/span\\u003e\\u003c\/li\\u003e\\r\\n \\t\\u003cli style=\\u0022font-weight: 400\\u0022\\u003e\\u003cspan style=\\u0022font-weight: 400\\u0022\\u003eRetail\/Baby Bonds\\u003c\/span\\u003e\\u003c\/li\\u003e\\r\\n\\u003c\/ul\\u003e\\r\\n\\u003cb\\u003eLeveraged Finance\\u003c\/b\\u003e\\r\\n\\u003cul\\u003e\\r\\n \\t\\u003cli style=\\u0022font-weight: 400\\u0022\\u003e\\u003cspan style=\\u0022font-weight: 400\\u0022\\u003eAsset-Based Loans\\u003c\/span\\u003e\\u003c\/li\\u003e\\r\\n \\t\\u003cli style=\\u0022font-weight: 400\\u0022\\u003e\\u003cspan style=\\u0022font-weight: 400\\u0022\\u003eRevolving Credit Facilities\\u003c\/span\\u003e\\u003c\/li\\u003e\\r\\n \\t\\u003cli style=\\u0022font-weight: 400\\u0022\\u003e\\u003cspan style=\\u0022font-weight: 400\\u0022\\u003eBroadly Syndicated Term Loans\\u003c\/span\\u003e\\u003c\/li\\u003e\\r\\n \\t\\u003cli style=\\u0022font-weight: 400\\u0022\\u003e\\u003cspan style=\\u0022font-weight: 400\\u0022\\u003eSecond Lien and Mezzanine Debt\\u003c\/span\\u003e\\u003c\/li\\u003e\\r\\n \\t\\u003cli style=\\u0022font-weight: 400\\u0022\\u003e\\u003cspan style=\\u0022font-weight: 400\\u0022\\u003eHigh Yield\\u003c\/span\\u003e\\u003c\/li\\u003e\\r\\n \\t\\u003cli style=\\u0022font-weight: 400\\u0022\\u003e\\u003cspan style=\\u0022font-weight: 400\\u0022\\u003ePrivate Placements\\u003c\/span\\u003e\\u003c\/li\\u003e\\r\\n \\t\\u003cli style=\\u0022font-weight: 400\\u0022\\u003e\\u003cspan style=\\u0022font-weight: 400\\u0022\\u003eUnitranche Transactions\\u003c\/span\\u003e\\u003c\/li\\u003e\\r\\n\\u003c\/ul\\u003e\\r\\n\\u003cspan style=\\u0022font-weight: 400\\u0022\\u003eSee more on Debt Capital Markets \\u003ca href=\\u0022https:\/\/stifelinstitutional.com\/capabilities\/investment-banking\/product-coverage\/debt-capital-markets\/?ver=1613244781\\u0022\\u003ehere\\u003c\/a\\u003e.\\u003c\/span\\u003e\",\"_accordion_4_content\":\"field_6006975ac8f2d\",\"accordion_5_title\":\"Litigation Finance\",\"_accordion_5_title\":\"field_60069756c8f2c\",\"accordion_5_content\":\"\\u003cspan style=\\u0022font-weight: 400\\u0022\\u003eThe litigation finance team has a unique market position of originating, syndicating, trading and brokering litigation-focused investments. We also act as the secondary market maker for the litigation funding industry. Through this pipeline, the litigation finance team is uniquely positioned to offer clients relatively mature litigation finance investments that have been vetted by reputable litigation funders.\\u003c\/span\\u003e\",\"_accordion_5_content\":\"field_6006975ac8f2d\",\"accordion_6_title\":\"Fixed Income United Kingdom and Europe\",\"_accordion_6_title\":\"field_60069756c8f2c\",\"accordion_6_content\":\"\\u003cspan style=\\u0022font-weight: 400\\u0022\\u003eEstablished in 2009, Stifel\u2019s UK and European fixed income department has expertise across the credit spectrum and has deep, long-standing relationships with asset managers, insurance firms, public bodies, pension funds, banks, hedge funds, and family offices throughout the region. The platform is bolstered by industry-respected investment grade, high yield, and emerging market research analysts supporting over 40 trading and sales people.\\u003c\/span\\u003e\\r\\n\\r\\n\\u003cspan style=\\u0022font-weight: 400\\u0022\\u003eIn 2019, Stifel completed the acquisition of MainFirst Bank AG, since renamed Stifel Europe Bank AG. This move allowed Stifel to substantially increase its credit platform in Europe with new offices in Frankfurt and Paris.\\u003c\/span\\u003e\",\"_accordion_6_content\":\"field_6006975ac8f2d\",\"accordion\":7,\"_accordion\":\"field_6006974ec8f2b\"},\"mode\":\"edit\"} \/-->\n\n<!-- wp:paragraph -->\n<p><\/p>\n<!-- \/wp:paragraph -->","post_title":"Fixed Income Capital Markets","post_excerpt":"Deep resources across a global footprint\n","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fixed-income-capital-markets","to_ping":"","pinged":"","post_modified":"2024-11-22 11:35:20","post_modified_gmt":"2024-11-22 16:35:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/stifelinst.wpengine.com\/?post_type=capability&p=67","menu_order":0,"post_type":"capability","post_mime_type":"","comment_count":"0","filter":"raw"},"theme_url":"https:\/\/stifelinstitutional.com\/wp-content\/themes\/stf-institutional-wp-theme","is_mobile":false,"is_author":false,"is_preview":false,"is_capability":true,"is_region":false,"author_name":"Thunderfoot Dev","page_template":"single-subcapability-accordion.php"} </script>
<!-- Header Scripts -->
</head>
<body class="capability-template capability-template-single-subcapability-accordion capability-template-single-subcapability-accordion-php single single-capability postid-67">
<!-- cookies -->
<div class="b--cookies-a">
<button class="b--cookies-a__icon js--click-closeCookie" aria-label="close cookies">
<svg class="b--cookies-a__icon__media" viewBox="0 0 15 15">
<polygon fill="#003057" points="14.9,1.1 13.9,0.1 7.5,6.4 1.1,0.1 0.1,1.1 6.4,7.5 0.1,13.9 1.1,14.9 7.5,8.6 13.9,14.9 14.9,13.9
8.6,7.5 "/>
</svg>
</button>
<p class="b--cookies-a__content">We use cookies to provide you a better experience. By continuing to use this website, you consent to the use of cookies in accordance with our <a class="b--cookies-a__content__link" href="https://www.stifel.com/disclosures/privacy-notice" target="_blank" rel="noopener noreferrer">Cookie Policy.</a></p>
<button class="b--cookies-a__btn js--click-setCookie">accept</button>
</div>
<!-- header -->
<section class="js--locator" id="sector-header">
<div class="b--header-a">
<div class="f--container">
<div class="b--header-a__content">
<a class="b--brand-a" href="https://stifelinstitutional.com/">
<img class="b--brand-a__media" src="https://stifelinstitutional.com/wp-content/uploads/2021/02/STF-logo-1.svg" alt="STF-logo (1)">
</a>
<div class="b--nav-a js--b--nav">
<button class="b--burger-a js--b--burger" aria-label="burger">
<span class="b--burger-a__dash"></span>
<span class="b--burger-a__dash"></span>
<span class="b--burger-a__dash"></span>
</button>
<ul id="menu-header" class="b--nav-a__list-group"><li id="menu-item-71" class="js--nav-item menu-item menu-item-type-post_type menu-item-object-page menu-item-has-children menu-item-71 b--nav-a__list-group__list-item"><a href="https://stifelinstitutional.com/about/" class="b--nav-a__list-group__list-item__link">About Us</a>
<div class="b--dropdown-menu-a">
<p class="b--dropdown-menu-a__title">About Us</p>
<ul class="b--dropdown-menu-a__list-group">
<li id="menu-item-73" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-73 b--dropdown-menu-a__list-group__list-item"><a href="https://stifelinstitutional.com/about/stifel-institutional/" class="b--dropdown-menu-a__list-group__list-item__link">Stifel Institutional</a></li>
<li id="menu-item-72" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-72 b--dropdown-menu-a__list-group__list-item"><a href="https://stifelinstitutional.com/about/get-to-know-stifel/" class="b--dropdown-menu-a__list-group__list-item__link">Stifel</a></li>
</ul></div></li>
<li id="menu-item-76" class="js--nav-item menu-item menu-item-type-custom menu-item-object-custom current-menu-ancestor current-menu-parent menu-item-has-children menu-item-76 b--nav-a__list-group__list-item"><a href="#" class="b--nav-a__list-group__list-item__link">Capabilities</a>
<div class="b--dropdown-menu-a">
<p class="b--dropdown-menu-a__title">Capabilities</p>
<ul class="b--dropdown-menu-a__list-group">
<li id="menu-item-77" class="menu-item menu-item-type-post_type menu-item-object-capability menu-item-77 b--dropdown-menu-a__list-group__list-item"><a href="https://stifelinstitutional.com/capabilities/investment-banking/" class="b--dropdown-menu-a__list-group__list-item__link">Investment Banking</a></li>
<li id="menu-item-78" class="menu-item menu-item-type-post_type menu-item-object-capability current-menu-item menu-item-78 b--dropdown-menu-a__list-group__list-item"><a href="https://stifelinstitutional.com/capabilities/fixed-income-capital-markets/" aria-current="page" class="b--dropdown-menu-a__list-group__list-item__link">Fixed Income Capital Markets</a></li>
<li id="menu-item-79" class="menu-item menu-item-type-post_type menu-item-object-capability menu-item-79 b--dropdown-menu-a__list-group__list-item"><a href="https://stifelinstitutional.com/capabilities/equity-research/" class="b--dropdown-menu-a__list-group__list-item__link">Equity Research</a></li>
<li id="menu-item-80" class="menu-item menu-item-type-post_type menu-item-object-capability menu-item-80 b--dropdown-menu-a__list-group__list-item"><a href="https://stifelinstitutional.com/capabilities/equities/" class="b--dropdown-menu-a__list-group__list-item__link">Equities</a></li>
<li id="menu-item-81" class="menu-item menu-item-type-post_type menu-item-object-capability menu-item-81 b--dropdown-menu-a__list-group__list-item"><a href="https://stifelinstitutional.com/capabilities/public-finance/" class="b--dropdown-menu-a__list-group__list-item__link">Public Finance</a></li>
<li id="menu-item-82" class="menu-item menu-item-type-post_type menu-item-object-capability menu-item-82 b--dropdown-menu-a__list-group__list-item"><a href="https://stifelinstitutional.com/capabilities/serving-business-leaders/" class="b--dropdown-menu-a__list-group__list-item__link">Serving Business Leaders</a></li>
</ul></div></li>
<li id="menu-item-928" class="js--nav-item menu-item menu-item-type-custom menu-item-object-custom menu-item-has-children menu-item-928 b--nav-a__list-group__list-item"><a href="#" class="b--nav-a__list-group__list-item__link">Global Coverage</a>
<div class="b--dropdown-menu-a">
<p class="b--dropdown-menu-a__title">Global Coverage</p>
<ul class="b--dropdown-menu-a__list-group">
<li id="menu-item-930" class="menu-item menu-item-type-post_type menu-item-object-region menu-item-930 b--dropdown-menu-a__list-group__list-item"><a href="https://stifelinstitutional.com/global-coverage/overview/" class="b--dropdown-menu-a__list-group__list-item__link">Overview</a></li>
<li id="menu-item-95" class="menu-item menu-item-type-post_type menu-item-object-region menu-item-95 b--dropdown-menu-a__list-group__list-item"><a href="https://stifelinstitutional.com/global-coverage/europe/" class="b--dropdown-menu-a__list-group__list-item__link">Europe & UK</a></li>
<li id="menu-item-14121" class="menu-item menu-item-type-post_type menu-item-object-region menu-item-14121 b--dropdown-menu-a__list-group__list-item"><a href="https://stifelinstitutional.com/global-coverage/stifel-canada/" class="b--dropdown-menu-a__list-group__list-item__link">Canada</a></li>
<li id="menu-item-94" class="menu-item menu-item-type-post_type menu-item-object-region menu-item-94 b--dropdown-menu-a__list-group__list-item"><a href="https://stifelinstitutional.com/global-coverage/asia/" class="b--dropdown-menu-a__list-group__list-item__link">Asia</a></li>
<li id="menu-item-93" class="menu-item menu-item-type-post_type menu-item-object-region menu-item-93 b--dropdown-menu-a__list-group__list-item"><a href="https://stifelinstitutional.com/global-coverage/israel/" class="b--dropdown-menu-a__list-group__list-item__link">Israel</a></li>
<li id="menu-item-91" class="menu-item menu-item-type-post_type menu-item-object-region menu-item-91 b--dropdown-menu-a__list-group__list-item"><a href="https://stifelinstitutional.com/global-coverage/latin-america/" class="b--dropdown-menu-a__list-group__list-item__link">Latin America</a></li>
</ul></div></li>
<li id="menu-item-84" class="js--nav-item menu-item menu-item-type-custom menu-item-object-custom menu-item-has-children menu-item-84 b--nav-a__list-group__list-item"><a href="#" class="b--nav-a__list-group__list-item__link">Insights & Perspectives</a>
<div class="b--dropdown-menu-a">
<p class="b--dropdown-menu-a__title">Insights & Perspectives</p>
<ul class="b--dropdown-menu-a__list-group">
<li id="menu-item-97" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-97 b--dropdown-menu-a__list-group__list-item"><a href="https://stifelinstitutional.com/insights/thought-leadership/" class="b--dropdown-menu-a__list-group__list-item__link">Thought Leadership</a></li>
<li id="menu-item-96" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-96 b--dropdown-menu-a__list-group__list-item"><a href="https://stifelinstitutional.com/insights/media-appearances-press-releases/" class="b--dropdown-menu-a__list-group__list-item__link">Media Appearances & Press Releases</a></li>
</ul></div></li>
<li id="menu-item-98" class="js--nav-item menu-item menu-item-type-custom menu-item-object-custom menu-item-has-children menu-item-98 b--nav-a__list-group__list-item"><a href="#" class="b--nav-a__list-group__list-item__link">Careers</a>
<div class="b--dropdown-menu-a">
<p class="b--dropdown-menu-a__title">Careers</p>
<ul class="b--dropdown-menu-a__list-group">
<li id="menu-item-100" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-100 b--dropdown-menu-a__list-group__list-item"><a href="https://stifelinstitutional.com/careers/experienced-professionals/" class="b--dropdown-menu-a__list-group__list-item__link">Experienced Professionals</a></li>
<li id="menu-item-618" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-618 b--dropdown-menu-a__list-group__list-item"><a href="https://stifelinstitutional.com/careers/campus-entry-level/" class="b--dropdown-menu-a__list-group__list-item__link">Campus Careers & Entry Level Opportunities</a></li>
</ul></div></li>
<li id="menu-item-3124" class="js--navbar-anchor menu-item menu-item-type-post_type menu-item-object-page menu-item-3124 b--nav-a__list-group__list-item"><a href="https://stifelinstitutional.com/about/get-to-know-stifel/" class="b--nav-a__list-group__list-item__link">Connect with Us</a></li>
</ul> </div>
</div>
</div>
</div></section>
<main>
<!-- Hero -->
<section class="b--hero-b b-lazy" data-src="https://stifelinstitutional.com/wp-content/uploads/2021/01/fixed-income-scaled.jpg">
<div class="f--container">
<div class="f--row">
<div class="f--col-6 f--col-tabletl-8 f--col-tabletp-12">
<h1 class="b--hero-b__title">Fixed Income Capital Markets</h1>
</div>
</div>
<div class="f--row">
<div class="f--col-5 f--col-tabletl-6 f--col-tabletp-10">
<div class="b--tagline-a">
<svg class="b--tagline-a__icon" viewBox="0 0 16 12">
<g id="Design-System" stroke="none" stroke-width="1" fill="none" fill-rule="evenodd">
<g id="Artboard" transform="translate(-345.000000, -254.000000)" fill="#000000">
<polygon id="parallelogram" points="347.984127 254 361 254 358.015873 266 345 266"></polygon>
</g>
</g>
</svg>
<span class="b--tagline-a__content">Deep resources across a global footprint
</span>
</div>
</div>
</div>
</div>
</section>
<!-- back top -->
<button class="b--back-top-a js--back-to-top">
<div class="b--back-top-a__media-wrapper">
<svg class="b--back-top-a__media-wrapper__icon" viewBox="0 0 17 9">
<path d="M16.4,7L16.4,7L9,0.5C8.9,0.5,8.8,0.4,8.7,0.4c-0.1,0-0.1-0.1-0.2-0.1c-0.1,0-0.1,0-0.2,0l-0.1,0
c-0.1,0-0.1,0-0.2,0c-0.1,0-0.1,0-0.2,0.1c-0.1,0-0.2,0.1-0.3,0.2L0.3,6.9c-0.4,0.4-0.5,1-0.1,1.4c0.3,0.4,0.9,0.4,1.3,0.2l0.1-0.1
l6.6-5.8L15,8.4c0.4,0.4,1,0.3,1.4-0.1C16.7,8,16.7,7.5,16.4,7L16.4,7z"/>
</svg>
</div>
<span class="b--back-top-a__title">Back to Top</span>
</button>
<!-- Content -->
<section class="b--section-a">
<div class="f--container">
<div class="f--row">
<div class="f--col-7 f--col-tabletp-12">
<div class="b--content-a">
<h2 class="wp-block-heading">Overview</h2>
<h4 class="wp-block-heading">Delivering best-in-class services to help institutions succeed.</h4>
<p>Stifel Fixed Income Capital Markets provides a global platform to meet the wide-ranging investment and debt capital building needs of depository institutions, financial companies, hedge funds, income funds, insurance companies, money managers, state and local governments, and other institutions in North America, Europe and Asia. </p>
<p>Our customer-driven philosophy shapes a suite of products and services geared to help these institutions generate revenue, preserve wealth, and ultimately grow their businesses. In a time of shifting boundaries, Stifel Fixed Income Capital Markets continues to expand its brand of institutional financial services around the world.</p>
<a href="https://stifelfi-library.bluematrix.com/client/login.jsp" target='_blank' rel='noopener noreferrer' class="b--btn-a b--btn-a--third">
Fixed Income Research Login </a>
<a href="https://ca.stifel.com/" target='_blank' rel='noopener noreferrer' class="b--btn-a b--btn-a--fourth">
Institutional Client Access </a>
<hr class="wp-block-separator-a">
<h2 class="wp-block-heading">Fixed Income Platform</h2>
<div class="" id="accordion679d606497377" data-ds-element="accordion" data-target-class-active="b--accordion-a--is-active" data-accordion-active-id="accordion-accordion679d606497377-0" data-close="true">
<div class="b--accordion-a" id="accordion-accordion679d606497377-0" data-tab-body="accordion-accordion679d606497377-0">
<div class="b--accordion-a__hd" data-target="accordion-accordion679d606497377-0" >
<h3 class="b--accordion-a__hd__title">Taxable Sales and Trading</h3>
<svg class="b--accordion-a__hd__artwork" viewBox="0 0 15 15">
<path d="M15,8.5H8.5V15h-2V8.5H0v-2h6.5V0h2v6.5H15V8.5z"/>
</svg>
<svg class="b--accordion-a__hd__artwork" viewBox="0 0 15 15">
<path d="M15,8.5H0v-2h15V8.5z"/>
</svg>
</div>
<div class="b--accordion-a__bd">
<div class="b--accordion-a__bd__content">
<div class="b--content-a">
<p>We are a full-service fixed income broker-dealer with 80+ traders and a 200+ sales team. Actively trading with accounts in the U.S., Europe, and Asia, we have $750+ billion of annual trade volume across the entire spectrum of taxable investment products, including:</p>
<ul>
<li style="font-weight: 400">Asset-backed securities</li>
<li>Customer loan swaps (<a href="https://stifelinstitutional.com/capabilities/fixed-income-capital-markets/interest-rate-products/" rel="noopener">offered by Stifel Interest Rate Products, LLC</a>)</li>
<li>Emerging markets debt</li>
<li>High-yield and distressed debt</li>
<li>Interest rate products (<a href="https://stifelinstitutional.com/capabilities/fixed-income-capital-markets/interest-rate-products/" rel="noopener">offered by Stifel Interest Rate Products, LLC</a>)</li>
<li>Investment-grade corporate debt</li>
<li>Mortgage-backed securities</li>
<li>Municipal bonds</li>
<li>Private distressed non-securities</li>
<li>Reorganized equity</li>
<li>Structured product</li>
<li>Syndicated loans</li>
<li>Trade claims</li>
<li>U.S. government securities</li>
<li>U.S. and GSE agency securities</li>
<li>Whole loans</li>
</ul>
</div>
</div>
</div>
</div>
<div class="b--accordion-a" id="accordion-accordion679d606497377-1" data-tab-body="accordion-accordion679d606497377-1">
<div class="b--accordion-a__hd" data-target="accordion-accordion679d606497377-1" >
<h3 class="b--accordion-a__hd__title">Credit Research</h3>
<svg class="b--accordion-a__hd__artwork" viewBox="0 0 15 15">
<path d="M15,8.5H8.5V15h-2V8.5H0v-2h6.5V0h2v6.5H15V8.5z"/>
</svg>
<svg class="b--accordion-a__hd__artwork" viewBox="0 0 15 15">
<path d="M15,8.5H0v-2h15V8.5z"/>
</svg>
</div>
<div class="b--accordion-a__bd">
<div class="b--accordion-a__bd__content">
<div class="b--content-a">
<p><span style="font-weight: 400">Independent-minded and data-focused, Stifel‘s credit research group provides insight and analysis to help institutions generate revenue-building investment strategies. Research teams in investment grade, high yield and emerging markets deliver in-depth credit analysis and regularly publish on public, private and sovereign issuers across a range of key sectors and regions.</span></p>
<p><span style="font-weight: 400">Our analysts cover more than 50 sectors and follow more than 1,000 companies and sovereign entities. Experienced and well respected by their peers, they are consistently recognized by industry rankings.</span></p>
<p><span style="font-weight: 400">In the 2021 Institutional Investor Global Fixed Income Research survey, Stifel was the highest ranking non-bulge bracket firm in the U.S. (#5) and Global (#6) rankings, and the Investment Grade (IG) and High Yield (HY) research teams ranked in the top 5 in their respective categories. Analysts were recognized in the following sectors. </span></p>
<ul>
<li>Building (HY)</li>
<li>Chemicals (HY)</li>
<li>Consumer Products (IG)</li>
<li>Distressed (HY)</li>
<li>Financials (HY)</li>
<li>Gaming & Lodging (HY)</li>
<li>Healthcare (IG)</li>
<li>Insurance (IG)</li>
<li>Manufacturing/General Industrials (HY)</li>
<li>Media & Entertainment (IG)</li>
<li>Nonbank Financials (IG)</li>
<li>Paper & Packaging (HY)</li>
<li>REITs (IG)</li>
<li>Retailing (IG)</li>
<li>Technology (IG)</li>
<li>Telecommunications Services (IG)</li>
<li>Transportation (HY)</li>
</ul>
</div>
</div>
</div>
</div>
<div class="b--accordion-a" id="accordion-accordion679d606497377-2" data-tab-body="accordion-accordion679d606497377-2">
<div class="b--accordion-a__hd" data-target="accordion-accordion679d606497377-2" >
<h3 class="b--accordion-a__hd__title">Strategy and Analytics</h3>
<svg class="b--accordion-a__hd__artwork" viewBox="0 0 15 15">
<path d="M15,8.5H8.5V15h-2V8.5H0v-2h6.5V0h2v6.5H15V8.5z"/>
</svg>
<svg class="b--accordion-a__hd__artwork" viewBox="0 0 15 15">
<path d="M15,8.5H0v-2h15V8.5z"/>
</svg>
</div>
<div class="b--accordion-a__bd">
<div class="b--accordion-a__bd__content">
<div class="b--content-a">
<p style="font-weight: 400">Stifel’s strategy and analytics team provides the foundation for a client-focused approach in providing custom solutions for community banks, credit unions, government entities, insurance companies and other institutional investors.</p>
<p><b>Depository Strategy</b></p>
<p>Our depository strategists work alongside bank and credit union executives to develop solutions that maximize balance sheet efficiency and drive the bottom line.</p>
<ul>
<li>Balance Sheet Optimization Model</li>
<li>Portfolio Review and Analysis</li>
<li>Derivatives and Balance Sheet Hedging Advisory Services (<a href="https://stifelinstitutional.com/capabilities/fixed-income-capital-markets/interest-rate-products/" rel="noopener">offered by Stifel Interest Rate Products, LLC</a>)</li>
<li>Bond Swap Analysis</li>
<li>Enterprise Risk Management</li>
<li>Strategic Planning</li>
<li>Capital Planning</li>
<li>Financial Institutions Restructuring & Strategy Tool (FIRST)</li>
<li>Acquisition Restructuring Analysis</li>
</ul>
<p><b>Product Strategy</b></p>
<p>Dedicated to specific sectors in the fixed income market, our product strategists leverage their expertise to analyze investment portfolios and provide relative value ideas and portfolio strategies for improving performance.</p>
<ul>
<li style="font-weight: 400"><span style="font-weight: 400">Governments and Agencies</span></li>
<li style="font-weight: 400"><span style="font-weight: 400">Mortgage-Backed Securities</span></li>
<li style="font-weight: 400"><span style="font-weight: 400">Corporates</span></li>
<li style="font-weight: 400"><span style="font-weight: 400">Municipals</span><span style="font-weight: 400"><br />
</span></li>
</ul>
<p><b>Balance Sheet Solutions</b></p>
<p style="font-weight: 400">From balance sheet reporting to regulatory considerations, Stifel offers a suite of analytics that provides the framework to help your institution achieve its stated objectives.</p>
<ul>
<li style="font-weight: 400"><span style="font-weight: 400">Bond Accounting and Safekeeping</span></li>
<li style="font-weight: 400"><span style="font-weight: 400">Asset Liability Management</span></li>
<li style="font-weight: 400"><span style="font-weight: 400">Analytics Database (<a href="https://portal.cb-resource.com/Account/Login?ReturnUrl=%2F" target="_blank" rel="noopener">Login</a>)</span></li>
<li style="font-weight: 400"><span style="font-weight: 400">Regulatory Support</span></li>
</ul>
</div>
</div>
</div>
</div>
<div class="b--accordion-a" id="accordion-accordion679d606497377-3" data-tab-body="accordion-accordion679d606497377-3">
<div class="b--accordion-a__hd" data-target="accordion-accordion679d606497377-3" >
<h3 class="b--accordion-a__hd__title">Municipal Markets</h3>
<svg class="b--accordion-a__hd__artwork" viewBox="0 0 15 15">
<path d="M15,8.5H8.5V15h-2V8.5H0v-2h6.5V0h2v6.5H15V8.5z"/>
</svg>
<svg class="b--accordion-a__hd__artwork" viewBox="0 0 15 15">
<path d="M15,8.5H0v-2h15V8.5z"/>
</svg>
</div>
<div class="b--accordion-a__bd">
<div class="b--accordion-a__bd__content">
<div class="b--content-a">
<p><b>Public Finance</b></p>
<p><span style="font-weight: 400">Stifel’s Public Finance department has more than 200 professionals working to raise capital to build public facilities and essential infrastructure throughout the US. The department includes regional and sector coverage teams serving municipal and not-for-profit clients across a national footprint. From some of the nation’s largest issuers, to small school districts and rural public agencies, Stifel’s bankers and underwriters are called upon by public and private sector borrowers to develop and implement a variety of financing strategies in the municipal market, including tax-exempt and taxable bonds, private placements, loans and combinations thereof.</span></p>
<p><span style="font-weight: 400">See more on Public Finance <a href="https://stifelinstitutional.com/capabilities/public-finance/?ver=1613238336">here</a>.</span></p>
<p><b>Municipal Sales & Trading</b></p>
<p><span style="font-weight: 400">Stifel’s municipal institutional sales and trading platform is active in the new issue and secondary market. Our distribution network provides coverage of all classes of institutional municipal bond buyers, with traditional tier-one institutions, insurance companies, asset managers, and middle market accounts covered by our municipal institutional salesforce and crossover buyers covered by our rates and credit groups. Our municipal trading platform follows markets nationwide with dedicated muni traders located in money centers across the US. </span></p>
<p><b>Municipal Underwriting</b></p>
<p><span style="font-weight: 400">Stifel is consistently a leading underwriter of negotiated sales by number of issues and a Top-10 underwriter of negotiated municipal bonds. Source: SDC Thomson Reuters</span></p>
</div>
</div>
</div>
</div>
<div class="b--accordion-a" id="accordion-accordion679d606497377-4" data-tab-body="accordion-accordion679d606497377-4">
<div class="b--accordion-a__hd" data-target="accordion-accordion679d606497377-4" >
<h3 class="b--accordion-a__hd__title">Debt Capital Markets</h3>
<svg class="b--accordion-a__hd__artwork" viewBox="0 0 15 15">
<path d="M15,8.5H8.5V15h-2V8.5H0v-2h6.5V0h2v6.5H15V8.5z"/>
</svg>
<svg class="b--accordion-a__hd__artwork" viewBox="0 0 15 15">
<path d="M15,8.5H0v-2h15V8.5z"/>
</svg>
</div>
<div class="b--accordion-a__bd">
<div class="b--accordion-a__bd__content">
<div class="b--content-a">
<p><span style="font-weight: 400">The debt capital markets group has extensive expertise in structuring and executing across multiple products in public and private markets, and their institutional distribution capabilities give meaningful access to a global investor universe that includes insurance companies, depositories and asset managers. Issuances include:</span></p>
<p><b>Investment Grade Debt</b></p>
<ul>
<li style="font-weight: 400"><span style="font-weight: 400">Senior Notes</span></li>
<li style="font-weight: 400"><span style="font-weight: 400">Retail/Baby Bonds</span></li>
</ul>
<p><b>Leveraged Finance</b></p>
<ul>
<li style="font-weight: 400"><span style="font-weight: 400">Asset-Based Loans</span></li>
<li style="font-weight: 400"><span style="font-weight: 400">Revolving Credit Facilities</span></li>
<li style="font-weight: 400"><span style="font-weight: 400">Broadly Syndicated Term Loans</span></li>
<li style="font-weight: 400"><span style="font-weight: 400">Second Lien and Mezzanine Debt</span></li>
<li style="font-weight: 400"><span style="font-weight: 400">High Yield</span></li>
<li style="font-weight: 400"><span style="font-weight: 400">Private Placements</span></li>
<li style="font-weight: 400"><span style="font-weight: 400">Unitranche Transactions</span></li>
</ul>
<p><span style="font-weight: 400">See more on Debt Capital Markets <a href="https://stifelinstitutional.com/capabilities/investment-banking/product-coverage/debt-capital-markets/?ver=1613244781">here</a>.</span></p>
</div>
</div>
</div>
</div>
<div class="b--accordion-a" id="accordion-accordion679d606497377-5" data-tab-body="accordion-accordion679d606497377-5">
<div class="b--accordion-a__hd" data-target="accordion-accordion679d606497377-5" >
<h3 class="b--accordion-a__hd__title">Litigation Finance</h3>
<svg class="b--accordion-a__hd__artwork" viewBox="0 0 15 15">
<path d="M15,8.5H8.5V15h-2V8.5H0v-2h6.5V0h2v6.5H15V8.5z"/>
</svg>
<svg class="b--accordion-a__hd__artwork" viewBox="0 0 15 15">
<path d="M15,8.5H0v-2h15V8.5z"/>
</svg>
</div>
<div class="b--accordion-a__bd">
<div class="b--accordion-a__bd__content">
<div class="b--content-a">
<p><span style="font-weight: 400">The litigation finance team has a unique market position of originating, syndicating, trading and brokering litigation-focused investments. We also act as the secondary market maker for the litigation funding industry. Through this pipeline, the litigation finance team is uniquely positioned to offer clients relatively mature litigation finance investments that have been vetted by reputable litigation funders.</span></p>
</div>
</div>
</div>
</div>
<div class="b--accordion-a" id="accordion-accordion679d606497377-6" data-tab-body="accordion-accordion679d606497377-6">
<div class="b--accordion-a__hd" data-target="accordion-accordion679d606497377-6" >
<h3 class="b--accordion-a__hd__title">Fixed Income United Kingdom and Europe</h3>
<svg class="b--accordion-a__hd__artwork" viewBox="0 0 15 15">
<path d="M15,8.5H8.5V15h-2V8.5H0v-2h6.5V0h2v6.5H15V8.5z"/>
</svg>
<svg class="b--accordion-a__hd__artwork" viewBox="0 0 15 15">
<path d="M15,8.5H0v-2h15V8.5z"/>
</svg>
</div>
<div class="b--accordion-a__bd">
<div class="b--accordion-a__bd__content">
<div class="b--content-a">
<p><span style="font-weight: 400">Established in 2009, Stifel’s UK and European fixed income department has expertise across the credit spectrum and has deep, long-standing relationships with asset managers, insurance firms, public bodies, pension funds, banks, hedge funds, and family offices throughout the region. The platform is bolstered by industry-respected investment grade, high yield, and emerging market research analysts supporting over 40 trading and sales people.</span></p>
<p><span style="font-weight: 400">In 2019, Stifel completed the acquisition of MainFirst Bank AG, since renamed Stifel Europe Bank AG. This move allowed Stifel to substantially increase its credit platform in Europe with new offices in Frankfurt and Paris.</span></p>
</div>
</div>
</div>
</div>
</div>
<p></p>
</div>
</div>
<div class="f--col-4 f--offset-1 f--offset-tabletp-0 f--col-tabletp-12 f--tabletp-mb-72">
<section class="b--cta-b b--cta-b--second">
<p class="b--cta-b__content">Stifel Welcomes CB Resource and Finance 500 Clients</p>
<a href="https://www.stifel.com/docs/pdf/pressreleases/2024/Stifel_Closing_CBResource_Finance500_for_08.01.24.pdf" class="b--cta-b__link" target='_blank' rel='noopener noreferrer'>
Press Release <svg class="b--cta-b__link__icon" viewBox="0 0 6 10">
<path d="M0.8,10c0.1,0,0.3,0,0.4-0.1l4.4-4.5C5.8,5.3,5.8,5.1,5.8,5S5.6,4.7,5.6,4.6L1.1,0.1C0.9,0,0.6,0,0.4,0.2s-0.2,0.5,0,0.7
L4.5,5L0.4,9.1c-0.2,0.2-0.2,0.5,0,0.7C0.5,9.9,0.6,10,0.8,10z"/>
</svg>
</a>
</section>
<div id="ctaModal" class="b--modal-a" role="dialog">
<div class="f--ar-16by9">
<video class="f--ar__item-video b-lazy js--video-modal" controls loop>
<source data-src="" type="video/mp4" >
</video>
</div>
<button class="b--modal-a__btn modal-close" aria-label="Close" data-dismiss="ctaModal">
<svg class="b--modal-a__btn__icon" viewBox="0 0 15 15">
<polygon fill="#003057" points="14.9,1.1 13.9,0.1 7.5,6.4 1.1,0.1 0.1,1.1 6.4,7.5 0.1,13.9 1.1,14.9 7.5,8.6 13.9,14.9 14.9,13.9
8.6,7.5 "/>
</svg>
</button>
</div> </div>
</div>
</div>
</section>
<!-- Notable Transactions -->
<!-- Leadership Team -->
<section class="b--section-b f--background-b js--team-leader">
<div id="js--team-leader"></div>
</section>
<section class="b--section-a">
<!-- Thought leadership -->
<!-- Disclosure -->
<div class="f--container">
<div class="f--row">
<div class="f--col-9 f--col-tabletp-12">
<div class="b--content-b">
<p class="xxmsonormal"><i><span style="color: #767171">Derivative services are provided exclusively through Stifel Interest Rate Products, LLC (SIRP), a wholly owned subsidiary of Stifel Financial Corp. SIRP is registered with the CFTC and is a member of NFA. Interest Rate Swaps Trading Involves Substantial Risk of Loss.</span></i></p>
</div>
</div>
</div>
</div>
</section>
</main>
<footer class="b--footer-a">
<div class="f--container">
<div class="f--row">
<div class="f--col-12">
<ul id="menu-footer" class="b--nav-b"><li id="menu-item-115" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-has-children menu-item-115 b--nav-b__list-item"><a href="https://stifelinstitutional.com/about/" class="b--nav-b__list-item__link">About Us</a>
<ul class="b--dropdown-menu-b">
<li id="menu-item-117" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-117 b--dropdown-menu-b__list-item"><a href="https://stifelinstitutional.com/about/stifel-institutional/" class="b--dropdown-menu-b__list-item__link">Stifel Institutional</a></li>
<li id="menu-item-116" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-116 b--dropdown-menu-b__list-item"><a href="https://stifelinstitutional.com/about/get-to-know-stifel/" class="b--dropdown-menu-b__list-item__link">Stifel</a></li>
<li id="menu-item-12206" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-12206 b--dropdown-menu-b__list-item"><a href="https://www.stifel.com/sustainability" class="b--dropdown-menu-b__list-item__link">Sustainability Practices</a></li>
</ul>
</li>
<li id="menu-item-118" class="menu-item menu-item-type-custom menu-item-object-custom current-menu-ancestor current-menu-parent menu-item-has-children menu-item-118 b--nav-b__list-item"><a href="#" class="b--nav-b__list-item__link">Capabilities</a>
<ul class="b--dropdown-menu-b">
<li id="menu-item-122" class="menu-item menu-item-type-post_type menu-item-object-capability menu-item-122 b--dropdown-menu-b__list-item"><a href="https://stifelinstitutional.com/capabilities/investment-banking/" class="b--dropdown-menu-b__list-item__link">Investment Banking</a></li>
<li id="menu-item-119" class="menu-item menu-item-type-post_type menu-item-object-capability current-menu-item menu-item-119 b--dropdown-menu-b__list-item"><a href="https://stifelinstitutional.com/capabilities/fixed-income-capital-markets/" aria-current="page" class="b--dropdown-menu-b__list-item__link">Fixed Income Capital Markets</a></li>
<li id="menu-item-123" class="menu-item menu-item-type-post_type menu-item-object-capability menu-item-123 b--dropdown-menu-b__list-item"><a href="https://stifelinstitutional.com/capabilities/equity-research/" class="b--dropdown-menu-b__list-item__link">Equity Research</a></li>
<li id="menu-item-121" class="menu-item menu-item-type-post_type menu-item-object-capability menu-item-121 b--dropdown-menu-b__list-item"><a href="https://stifelinstitutional.com/capabilities/equities/" class="b--dropdown-menu-b__list-item__link">Equities</a></li>
<li id="menu-item-120" class="menu-item menu-item-type-post_type menu-item-object-capability menu-item-120 b--dropdown-menu-b__list-item"><a href="https://stifelinstitutional.com/capabilities/public-finance/" class="b--dropdown-menu-b__list-item__link">Public Finance</a></li>
<li id="menu-item-124" class="menu-item menu-item-type-post_type menu-item-object-capability menu-item-124 b--dropdown-menu-b__list-item"><a href="https://stifelinstitutional.com/capabilities/serving-business-leaders/" class="b--dropdown-menu-b__list-item__link">Serving Business Leaders</a></li>
</ul>
</li>
<li id="menu-item-931" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-has-children menu-item-931 b--nav-b__list-item"><a href="#" class="b--nav-b__list-item__link">Global Coverage</a>
<ul class="b--dropdown-menu-b">
<li id="menu-item-932" class="menu-item menu-item-type-post_type menu-item-object-region menu-item-932 b--dropdown-menu-b__list-item"><a href="https://stifelinstitutional.com/global-coverage/overview/" class="b--dropdown-menu-b__list-item__link">Overview</a></li>
<li id="menu-item-133" class="menu-item menu-item-type-post_type menu-item-object-region menu-item-133 b--dropdown-menu-b__list-item"><a href="https://stifelinstitutional.com/global-coverage/europe/" class="b--dropdown-menu-b__list-item__link">Europe & UK</a></li>
<li id="menu-item-14117" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-14117 b--dropdown-menu-b__list-item"><a href="https://stifelinstitutional.com/global-coverage/stifel-canada/" class="b--dropdown-menu-b__list-item__link">Canada</a></li>
<li id="menu-item-132" class="menu-item menu-item-type-post_type menu-item-object-region menu-item-132 b--dropdown-menu-b__list-item"><a href="https://stifelinstitutional.com/global-coverage/asia/" class="b--dropdown-menu-b__list-item__link">Asia</a></li>
<li id="menu-item-131" class="menu-item menu-item-type-post_type menu-item-object-region menu-item-131 b--dropdown-menu-b__list-item"><a href="https://stifelinstitutional.com/global-coverage/israel/" class="b--dropdown-menu-b__list-item__link">Israel</a></li>
<li id="menu-item-129" class="menu-item menu-item-type-post_type menu-item-object-region menu-item-129 b--dropdown-menu-b__list-item"><a href="https://stifelinstitutional.com/global-coverage/latin-america/" class="b--dropdown-menu-b__list-item__link">Latin America</a></li>
</ul>
</li>
<li id="menu-item-134" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-has-children menu-item-134 b--nav-b__list-item"><a href="#" class="b--nav-b__list-item__link">Insights & Perspectives</a>
<ul class="b--dropdown-menu-b">
<li id="menu-item-127" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-127 b--dropdown-menu-b__list-item"><a href="https://stifelinstitutional.com/insights/thought-leadership/" class="b--dropdown-menu-b__list-item__link">Thought Leadership</a></li>
<li id="menu-item-126" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-126 b--dropdown-menu-b__list-item"><a href="https://stifelinstitutional.com/insights/media-appearances-press-releases/" class="b--dropdown-menu-b__list-item__link">Media Appearances & Press Releases</a></li>
<li id="menu-item-1450" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-1450 b--dropdown-menu-b__list-item"><a target="_blank" href="https://www.stifelinsights.com/" class="b--dropdown-menu-b__list-item__link">Stifel Investor Insights</a></li>
</ul>
</li>
<li id="menu-item-135" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-has-children menu-item-135 b--nav-b__list-item"><a href="#" class="b--nav-b__list-item__link">Careers</a>
<ul class="b--dropdown-menu-b">
<li id="menu-item-137" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-137 b--dropdown-menu-b__list-item"><a href="https://stifelinstitutional.com/careers/experienced-professionals/" class="b--dropdown-menu-b__list-item__link">Experienced Professionals</a></li>
<li id="menu-item-619" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-619 b--dropdown-menu-b__list-item"><a href="https://stifelinstitutional.com/careers/campus-entry-level/" class="b--dropdown-menu-b__list-item__link">Campus Careers & Entry Level Opportunities</a></li>
</ul>
</li>
<li id="menu-item-139" class="b--nav-b__list-item--second menu-item menu-item-type-custom menu-item-object-custom menu-item-has-children menu-item-139 b--nav-b__list-item"><a href="#" class="b--nav-b__list-item__link">Disclosures</a>
<ul class="b--dropdown-menu-b">
<li id="menu-item-141" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-141 b--dropdown-menu-b__list-item"><a target="_blank" href="https://www.stifel.com/disclosures" class="b--dropdown-menu-b__list-item__link">Important Disclosures</a></li>
<li id="menu-item-142" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-142 b--dropdown-menu-b__list-item"><a target="_blank" href="https://www.stifel.com/disclosures/privacy-notice" class="b--dropdown-menu-b__list-item__link">Your Privacy</a></li>
<li id="menu-item-143" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-143 b--dropdown-menu-b__list-item"><a target="_blank" href="https://www.stifel.com/docs/pdf/crs/crs-form.pdf" class="b--dropdown-menu-b__list-item__link">Form CRS</a></li>
<li id="menu-item-144" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-144 b--dropdown-menu-b__list-item"><a target="_blank" href="https://brokercheck.finra.org/" class="b--dropdown-menu-b__list-item__link">FINRA BrokerCheck</a></li>
</ul>
</li>
<li id="menu-item-3123" class="js--navbar-anchor b--nav-b__list-item--third b--nav-b__list-item--second menu-item menu-item-type-post_type menu-item-object-page menu-item-has-children menu-item-3123 b--nav-b__list-item"><a target="_blank" href="https://stifelinstitutional.com/about/get-to-know-stifel/" class="b--nav-b__list-item__link">Connect with Stifel</a>
<ul class="b--dropdown-menu-b">
<li id="menu-item-1601" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-1601 b--dropdown-menu-b__list-item"><a target="_blank" href="https://ca.stifel.com/" class="b--dropdown-menu-b__list-item__link">Client Access</a></li>
<li id="menu-item-1602" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-1602 b--dropdown-menu-b__list-item"><a target="_blank" href="https://www.stifel.com/tracker" class="b--dropdown-menu-b__list-item__link">Stifel Wealth Tracker</a></li>
</ul>
</li>
</ul> </div>
</div>
<div class="f--row">
<div class="f--col-12">
<span class="b--footer-a__dash"></span>
</div>
</div>
<div class="f--row">
<div class="f--col-7 f--col-tabletp-12">
<div class="b--footer-a__media-wrapper">
<a href="https://www.stifel.com/" target="_blank" rel="noopener noreferrer">
<img class="b--footer-a__media-wrapper__media b-lazy" data-src="https://stifelinstitutional.com/wp-content/uploads/2021/02/STF_logo_white.svg" alt="STF_logo_white">
</a>
</div>
<ul class="b--footer-a__media-group">
<li class="b--footer-a__media-group__item">
<a class="b--footer-a__media-group__item__link" href="https://stifelinstitutional.com/capabilities/investment-banking/product-coverage/fund-placement/" target="" rel="noopener noreferrer" aria-label="eaton website">
<img class="b--footer-a__media-group__item__link__media" src="https://stifelinstitutional.com/wp-content/uploads/2021/01/Eaton-Partners-Logo.svg" alt="Eaton-Partners-Logo">
</a>
</li>
<li class="b--footer-a__media-group__item">
<a class="b--footer-a__media-group__item__link" href="https://stifelinstitutional.com/capabilities/investment-banking/product-coverage/restructuring/" target="" rel="noopener noreferrer" aria-label="eaton website">
<img class="b--footer-a__media-group__item__link__media" src="https://stifelinstitutional.com/wp-content/uploads/2021/01/Miller-Buckfire-Logo.svg" alt="Miller-Buckfire-Logo">
</a>
</li>
<li class="b--footer-a__media-group__item">
<a class="b--footer-a__media-group__item__link" href="https://kbw.com/" target="_blank" rel="noopener noreferrer" aria-label="eaton website">
<img class="b--footer-a__media-group__item__link__media" src="https://stifelinstitutional.com/wp-content/uploads/2021/02/KBW-Logo-white-1.png" alt="KBW---Logo-white">
</a>
</li>
</ul>
</div>
<div class="f--col-3 f--offset-2 f--col-tabletp-12 f--offset-tabletp-0 text-right text-tabletp-left">
<div class="b--social-b f--tabletp-mb-32">
<a href="https://www.linkedin.com/showcase/stifel-investment-banking/" class="b--social-b__item" aria-label="linkedin" target="_blank" rel="noopener noreferrer">
<svg class="b--social-b__item__icon" viewBox="0 0 31 31">
<path d="M23.2,10c2.3,0,4.2,0.8,5.6,2.4c1.4,1.6,2.1,3.8,2.1,6.7l0,0v10.6c0,0.4-0.3,0.8-0.8,0.8l0,0h-6.1
c-0.4,0-0.8-0.3-0.8-0.8l0,0v-9.9c0-1.2-0.2-2-0.6-2.6c-0.4-0.5-0.9-0.8-1.7-0.8c-0.6,0-1.1,0.2-1.5,0.5c-0.4,0.4-0.8,0.8-0.9,1.3
c-0.1,0.3-0.2,0.7-0.2,1.3l0,0v10.3c0,0.4-0.3,0.8-0.8,0.8l0,0h-6.1c-0.4,0-0.8-0.3-0.8-0.8l0,0l0-6.9l0-6.4l0-3.8l0-1.4
c0-0.4,0.3-0.8,0.7-0.8l0,0h6.1c0.4,0,0.8,0.3,0.8,0.8l0,0l0,0.5l0.2-0.2l0.3-0.3c0.5-0.4,1.1-0.7,1.8-0.9
C21.5,10.1,22.3,10,23.2,10z M7.7,10c0.4,0,0.7,0.3,0.7,0.6l0,0.1v18.6c0,0.4-0.3,0.8-0.8,0.8C7.4,30,7,29.7,7,29.4l0-0.1l0-17.8
H2.6l0,17.8C2.6,29.7,2.4,30,2,30l-0.1,0c-0.4,0-0.7-0.3-0.7-0.6l0-0.1V10.7c0-0.4,0.3-0.7,0.6-0.7l0.1,0H7.7z M23.2,11.5
c-0.7,0-1.3,0.1-1.9,0.3c-0.5,0.2-1,0.4-1.4,0.7c-0.4,0.4-0.7,0.6-1,0.9c-0.2,0.2-0.4,0.5-0.7,0.9c-0.4,0.6-1.4,0.3-1.4-0.4l0,0
l0-1.9h-4.6l0,0.8l0,6.2l0,5.5l0,4.5h4.6l0-9.6c0-0.6,0.1-1.1,0.2-1.6l0,0l0.1-0.2c0.3-0.7,0.8-1.4,1.4-1.9c0.7-0.5,1.5-0.8,2.4-0.8
c1.3,0,2.3,0.5,3,1.4c0.6,0.9,0.9,2,0.9,3.5l0,0l0,9.1h4.6l0-9.8c0-2.4-0.5-4.2-1.6-5.5l0,0l-0.2-0.2C26.5,12.1,25.1,11.5,23.2,11.5
z M4.3,0.2c1.2,0,2.1,0.4,2.9,1.1C7.9,2.1,8.2,3,8.3,4.1c0,1.1-0.4,2-1.1,2.7c-0.7,0.7-1.6,1-2.7,1.1l-0.3,0c-1.1,0-2.1-0.4-2.9-1.1
C0.6,6.1,0.2,5.2,0.2,4.1c0-1.1,0.4-2,1.1-2.8C2.1,0.6,3.1,0.2,4.3,0.2z M4.3,1.8C3.5,1.8,2.9,2,2.4,2.4C2,2.9,1.8,3.4,1.8,4.1
c0,0.7,0.2,1.2,0.7,1.7C2.8,6.2,3.3,6.4,4,6.4l0.3,0C5,6.4,5.5,6.2,6,5.9l0.1-0.1l0.1-0.1c0.4-0.4,0.5-0.9,0.5-1.5
c0-0.7-0.2-1.3-0.7-1.7C5.6,2,5.1,1.8,4.3,1.8z"></path>
</svg> </a>
<a href="https://twitter.com/StifelInst" class="b--social-b__item" aria-label="twitter" target="_blank" rel="noopener noreferrer">
<svg class="b--social-b__item__icon b--social-b__item__icon--second" viewBox="0 0 31 26">
<path d="M21,0.2c1.7,0,3.2,0.6,4.5,1.7l0.1,0.1l0,0c1-0.2,1.9-0.6,2.8-1l0.4-0.2c0.6-0.3,1.3,0.2,1.1,0.9
c-0.2,0.6-0.5,1.1-0.8,1.6l0,0l0.2-0.1l0.4-0.2c0.7-0.3,1.3,0.5,0.9,1.1c-0.8,1.1-1.7,2.1-2.8,3l0,0l0,0.4c0,1.7-0.2,3.3-0.7,5
c-0.5,1.6-1.2,3.2-2.2,4.8c-1,1.5-2.2,2.9-3.6,4c-1.4,1.2-3.1,2.1-5,2.8c-0.4,0.1-0.8-0.1-1-0.5c-0.1-0.4,0.1-0.8,0.5-1
c1.8-0.6,3.3-1.5,4.6-2.5c1.3-1.1,2.4-2.3,3.3-3.7c0.9-1.4,1.6-2.9,2.1-4.4c0.4-1.3,0.6-2.7,0.7-4l0-0.5l0-0.5l0-0.2c0,0,0,0,0,0
c0-0.3,0.1-0.5,0.3-0.7c0.4-0.3,0.7-0.5,1-0.8l0.1-0.1l-0.3,0.1c-0.1,0-0.3,0-0.4,0.1l-0.4,0c-0.8,0.1-1.2-1-0.5-1.4
c0.4-0.2,0.8-0.5,1.1-0.8l0.1-0.1c-0.5,0.2-0.9,0.3-1.4,0.4l-0.5,0.1c-0.2,0-0.5,0-0.7-0.2c-1-1.1-2.3-1.6-3.8-1.6
c-1.5,0-2.7,0.5-3.7,1.5c-1,1-1.5,2.2-1.5,3.7c0,0.4,0,0.8,0.1,1.2C16,8.6,15.6,9.1,15.1,9c-2.6-0.1-5-0.8-7.2-1.9
C6.1,6.2,4.5,5.1,3.2,3.7L3,3.4l0,0.1C2.8,4,2.7,4.4,2.7,4.8l0,0.3c0,0.9,0.2,1.7,0.6,2.5c0.4,0.8,1,1.4,1.7,1.9
c0.6,0.4,0.3,1.4-0.4,1.4c-0.5,0-1.1-0.1-1.6-0.2l-0.2-0.1l0.1,0.3c0.2,0.6,0.4,1.2,0.8,1.7l0.2,0.2c0.8,1,1.8,1.5,3,1.8
c0.8,0.2,0.8,1.3,0,1.5C6.5,16,6,16.1,5.5,16.1l-0.3,0l0.1,0.1C5.6,16.7,6,17,6.4,17.4l0.2,0.2c0.9,0.7,1.9,1,3.1,1
c0.7,0,1,0.9,0.4,1.3c-1.8,1.4-3.8,2.2-5.9,2.5l-0.4,0l0.1,0c1.8,0.7,3.6,1.1,5.6,1.1l0.5,0c0.4,0,0.8,0.3,0.8,0.8s-0.3,0.8-0.8,0.8
c-3.5,0-6.7-0.9-9.6-2.8C-0.3,22,0,21,0.8,21.1c0.4,0,0.9,0.1,1.4,0.1c1.8,0,3.5-0.4,5.1-1.2l0.4-0.2l-0.1,0C7,19.6,6.5,19.3,6,18.9
l-0.3-0.2c-1.2-0.9-1.9-2-2.4-3.3c-0.1-0.4,0.1-0.7,0.4-0.9l0.1,0l-0.1-0.1c-0.2-0.2-0.5-0.4-0.7-0.6l-0.2-0.2
c-1-1.1-1.5-2.5-1.5-3.9l0-0.4c0-0.5,0.5-0.9,1-0.7l0,0L2,8.3c-0.5-1-0.8-2-0.8-3.2c0-1.2,0.3-2.3,0.9-3.4C2.4,1.3,3,1.2,3.4,1.6
c1.4,1.7,3.2,3.1,5.2,4.2c1.6,0.8,3.4,1.4,5.2,1.6l0.5,0.1l0-0.2l0-0.3c0-1.8,0.7-3.4,2-4.7C17.6,0.9,19.2,0.2,21,0.2z"/>
</svg> </a>
</div>
</div>
</div>
<div class="f--row">
<div class="f--col-12">
<div class="f--footer-a__ft">
<div class="b--footer-a__ft__content">
<p>In the United States, this site is published in the United States for U.S. residents only. The information on this web site is not an offer to sell or a solicitation of an offer to buy any security, nor shall any such security be offered or sold to any person in any jurisdiction in which such offer, solicitation, purchase, or sale may not lawfully be made. Stifel Financial Advisors may only conduct business with residents of the states in which they are properly registered. References to Stifel herein may apply to parent company Stifel Financial Corp. or any of its wholly owned subsidiaries, including Stifel, Nicolaus & Company, Incorporated, Member <a class="ql-link" href="https://www.nyse.com/index" target="_blank" rel="noopener noreferrer">NYSE</a><span data-void-detect="true">, </span><a class="ql-link" href="https://www.finra.org/" target="_blank" rel="noopener noreferrer">FINRA</a><span data-void-detect="true">, and </span><a class="ql-link" href="https://www.sipc.org/" target="_blank" rel="noopener noreferrer">SIPC</a><span data-void-detect="true">. Stifel Nicolaus Europe Limited is authorised and regulated by the Financial Conduct Authority.</span></p>
</div>
<p class="b--footer-a__ft__item">Copyright © 2025 Stifel Financial Corp. All rights reserved.</p>
</div>
</div>
</div>
</div>
</footer>
<!-- Footer Scripts -->
<script type="text/javascript" src="https://stifelinstitutional.com/wp-content/plugins/contact-form-7/includes/swv/js/index.js" id="swv-js"></script>
<script type="text/javascript" id="contact-form-7-js-extra">
/* <![CDATA[ */
var wpcf7 = {"api":{"root":"https:\/\/stifelinstitutional.com\/wp-json\/","namespace":"contact-form-7\/v1"},"cached":"1"};
/* ]]> */
</script>
<script type="text/javascript" src="https://stifelinstitutional.com/wp-content/plugins/contact-form-7/includes/js/index.js" id="contact-form-7-js"></script>
<script type="text/javascript" src="https://www.google.com/recaptcha/api.js?render=6LepL10mAAAAABY68KL6uczBaUIMk2kgH2tnVuqE" id="google-recaptcha-js"></script>
<script type="text/javascript" src="https://stifelinstitutional.com/wp-includes/js/dist/vendor/wp-polyfill.min.js" id="wp-polyfill-js"></script>
<script type="text/javascript" id="wpcf7-recaptcha-js-extra">
/* <![CDATA[ */
var wpcf7_recaptcha = {"sitekey":"6LepL10mAAAAABY68KL6uczBaUIMk2kgH2tnVuqE","actions":{"homepage":"homepage","contactform":"contactform"}};
/* ]]> */
</script>
<script type="text/javascript" src="https://stifelinstitutional.com/wp-content/plugins/contact-form-7/modules/recaptcha/index.js" id="wpcf7-recaptcha-js"></script>
<script type="text/javascript" src="https://stifelinstitutional.com/wp-content/themes/stf-institutional-wp-theme/theme/js/frontend/lt_common.4cc.js" id="lt_common-js"></script>
<script type="text/javascript" src="https://stifelinstitutional.com/wp-content/themes/stf-institutional-wp-theme/theme/js/frontend/single_capability.4cc.js#asyncload" id="single_capability-js-js"></script>
</body>
</html>