Fixed Income trading (2024)

How we help

Bringingtrusted and accurate expertise

Our fixed income trading solutions enable you to make the most of every transaction, whether short-term or long-term.

  • Rates
  • Credit
  • Municipal bonds
  • Mortgages
  • Yield Book Analytics
  • Tradeweb

Rates

Stay ahead of market changes to mitigate interest rate risk, so that you can boost your fixed income investments. As trusted data is the lifeblood of the fixed income trading desk, you need the right tools to make sense of vast quantities of information to make sound decisions to protect your assets with accuracy, speed and precision.

Our unique data sets include Tradeweb bond and swap data covering more than 24,000 unique bonds; MarketAxess corporate bond data covering 35,000 instruments and 90 percent of liquid corporates; Interdealer broker rates and money market data.

As a fixed income trader, sharpen your fixed income price discovery with our wide range of pre-trade tools including Reuters and IFR news. Our solutions for fixed income traders help you to stay ahead with your fixed income investments.

Explore Eikon – Fixed Income

Credit

Discover essential capital markets analysis and intelligence – covering the world’s fixed income and investment banking industries – to help you make better decisions for your fixed income investments.

Capital Markets Insight is a trusted, authoritative provider of information on the global bond, loan and equity capital markets, with a specialized focus on new issuance – from rumour to after-market performance.

We deliver market intelligence and analysis through a variety of channels, including print, desktop (both standalone and on LSEG Eikon) and feed products, as well as frequent events such as roundtables and conferences.

Explore Capital Markets Insight

Municipal bonds

Understand what is happening in the US municipal bond market through the Municipal Market Monitor (TM3), which has been delivering the municipal market’s AAA benchmark for over 30 years. TM3 also offers MMD yield curves, which are currently the best-in-class benchmark for the muni industry.

The Municipal Market Monitor includes:

  • MMD: The industry MMD AAA benchmark yield curve, AAA Scale reads, analytics, and in-depth analysis on the municipal and treasury markets.
  • Primary markets: Real time and historical new issue calendars, pre-sale worksheets and sales results – from I-Deal and underwriters.
  • Secondary markets: Real time MSRB data.

Explore Municipal Market Monitor - TM3

Mortgages

Best-in-class agency RMBS prepayment models built by in-house Yield Book modelers.

Explore Yield Book

Simplify complex mortgage data with advanced analytics to protect market share, identify opportunity and better understand risk. Uncover hidden prepayment stories, understand who is buying and selling servicing and monitor credit trends to leverage opportunities.

Streamline your entire workflow with customisable access to Tradeweb® TBA MBS pricing and related interest rate markets, the industry standard for price discovery.

Connect to the largest network of secondary market mortgage professionals in the world. Share data, charts and analytics in real-time within the MBS Community forum via our secure and compliant messaging network,Messenger.

ExploreLSEG Advanced Mortgage Analytics

Yield Book Analytics

Capable of handling the most complex fixed income products, Yield Book is a trusted and authoritative source for in-depth risk analytics, regulatory stress-testing and complex portfolio analysis across global investments. Yield Book is designed to support clients’ complex analytical needs and help them meet their business objectives. Centred around its market leading analytics platform, Yield Book has over 30 years of experience driving risk analytics solutions for the industry.

Today the business drives decision making across front and middle offices of hundreds of buy-and sell-side institutions and forms the backbone of analytics and FIMA index construction within the Investment Solutions division of LSEG.

Learn more about Yield Book fixed income analytics solutions

Tradeweb

Exclusive and reliable pricing data available from Tradeweb (Institutional), Dealerweb (Wholesale) and Tradeweb Direct (Retail) through LSEG.

Tradeweb’s institutional multi-dealer-to-customer electronic trading platform is used by over 1,900 of the largest buy-side institutions, providing price updates totalling over US$1 billion per day. It’s a fast, efficient source of accurate and reliable market data. Tradeweb gives you direct access to deep liquidity integrated with portfolio analytics: 200+ liquidity providers, 280K+ live executable markets and 160K+ unique fixed income securities.

Dealerweb is the largest TBA-mortgage-backed securities (MBS) inter-dealer broker with dominant market share for over a decade. The electronic marketplace produces dynamic primary dealer top-of-book real-time prices sought after by the top trading institutions globally. The MBS data provides a more reliable source of price discovery and a crucial trading asset for investment banks, asset managers, pension funds and regional banks. Dealerweb provides the first intraday data for TBA mortgage fixed income markets that combines pricing quotes for the most actively traded TBA instruments in the U.S. along with trade data. The industry’s leading market makers and most active dealers look to Dealerweb as the premier source for price discovery in Mortgage-Backed Securities.

Tradeweb® Direct is the go-to source and one of the largest fixed income marketplaces in the U.S. for financial advisory firms, registered investment advisors (RIAs), traders and buy-side investors who need fast, reliable market data for their fixed income information needs. The platform supports middle market and retail investors. The market data from Tradeweb Direct represents executions, executable bids and executable offers. Tradeweb Direct provides prices for over 7,500 unique agency issues daily from 48 dealers to both retail and institutional clients. The combination of this data along with the Tradeweb institutional data thatLSEG distributes provides broad coverage of the government agency marketplace. Tradeweb Direct provides trade and quote data to easily find where a bond has traded and quoted historically relative to current market conditions.

Explore Tradeweb as part of our instruments pricing offering

Fixed Income trading (2024)

FAQs

Is fixed-income trading profitable? ›

Here are the advantages of fixed-income trading instruments: Steady Returns: Fixed-Income trading instruments earn investors a steady stream of income because of the regular predetermined interest or dividend payouts. As the payouts are predetermined, investors know how much they can earn and at what time.

How to answer why do you want to work in fixed-income? ›

It might be you prefer working alongside traders rather than working in the pressurized role trading is. Fixed Income presents many opportunities to do so. Fixed income sales suit outgoing, social people who like developing client relationships and discussing financial markets with clients.

How much do fixed-income traders make? ›

The average Fixed Income Trader salary in the United States is $96,034 as of April 24, 2024, but the salary range typically falls between $68,105 and $133,230.

What makes a good fixed-income trader? ›

Fixed-income traders must be skilled at evaluating specific investment opportunities and be able to analyze and assess the current market and economic conditions and trends to be successful.

Can you be a millionaire from trading? ›

In conclusion, while it is possible to become a millionaire through forex trading, it is not a guaranteed path to wealth. Achieving such financial success requires a combination of education, skills, strategies, dedication, and effective risk management.

What is the most profitable method of trading? ›

Several highly effective strategies that a multitude of traders find profitable include techniques like Scalping, Candlestick trading, and Profit Parabolic.

How do you survive on fixed income? ›

Reducing your cost of living can be one of the most strategic money moves when you're on a fixed income. This might look like staying in your area but moving to a home with a lower cost to maintain, like trading in the big house with high utility bills or property taxes for a more affordable, lower-maintenance home.

Is fixed income a good career? ›

Most importantly, a fixed income job is one of the most reliable and secure careers in the financial world as it entails less risk and offers a diverse range of investment options for all.

What is the main role of a fixed income trader? ›

The primary role of sell-side fixed-income traders is to act as market makers for the debt instrument or instruments they are responsible for within their institution. Essentially, the trader role and the market maker role are synonymous.

Why do people trade fixed income? ›

Reasons to Invest in Fixed-Income Securities

Corporate bonds typically offer higher returns than government bonds due to the fact that they carry more risk. Income: All fixed-income securities (with the exception of zero-coupon bonds) provide some form of regular interest payments to investors.

How much does a fixed income trader make at Charles Schwab? ›

The estimated total pay range for a Fixed Income Specialist at Charles Schwab is $78K–$131K per year, which includes base salary and additional pay. The average Fixed Income Specialist base salary at Charles Schwab is $83K per year.

How much do rich day traders make? ›

Day Trader Salary
Annual SalaryMonthly Pay
Top Earners$185,000$15,416
75th Percentile$105,500$8,791
Average$96,774$8,064
25th Percentile$56,500$4,708

What is fixed income trading for dummies? ›

Fixed income trading involves the buying and selling of securities including government and corporate bonds. Learn the basics of those securities and how they are impacted by government and fiscal policy and other macroeconomic indicators.

What personality type makes the best trader? ›

INTJ personality types are most frequently observed as successful traders due to their innate personality types. One study found that 81% of INTJs were profitable, far higher than a sample of traders overall, which is closer to 10% profitable, not filtered for personality.

How smart do you have to be to be a trader? ›

Becoming a trader may require a background in math, engineering, or hard science, rather than just finance or business, depending on the type of trading. Traders need research and analytical skills to monitor broad economic factors and day-to-day chart patterns that impact financial markets.

Can you make money in fixed income? ›

Fixed income investments are designed to generate income and help provide capital preservation. If you're looking for potential tax benefits and want to diversify your portfolio, high-quality fixed income investments could be an option for you.

Is fixed time trading profitable? ›

Up to 93% profitability

Get high profitability rates when trading on Fixed Time assets, such as composite indexes.

How much do buy side fixed income traders make? ›

How much does a Buy Side Trader make? As of May 22, 2024, the average annual pay for a Buy Side Trader in the United States is $96,774 a year. Just in case you need a simple salary calculator, that works out to be approximately $46.53 an hour. This is the equivalent of $1,861/week or $8,064/month.

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