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Fixed Income Capital Markets Photo
Fixed Income Capital Markets Photo



For 10 consecutive years, Baird has ranked as the No. 1 municipal underwriter in the U.S.1

Fixed Income Capital Markets Photo




Baird ranked as the No. 5 competitive underwriter in the nation in 2018.2

Fixed Income Capital Markets Photo Fixed Income Capital Markets Photo


Our securitized product trading volume
increased 108% from 2014 to 2018.

Fixed Income Capital Markets

Fixed Income Sales & Trading

Since our founding in 1919, Baird has maintained a long-term commitment to fixed income. Over the past five years, we have enhanced our product expertise while other firms have scaled back their capabilities or exited the business altogether. This includes adding more than 70 professionals since 2014, allowing us to deepen our client connectivity, offer specialized product expertise and deliver seamless execution.

Our team of more than 150 trading, sales, strategy and analytical professionals operate out of 26 offices across the U.S. and offer a full range of fixed income products to both mid-sized and large institutional investors. We have specialists in the areas of investment-grade and high-yield corporate bonds, tax-exempt securities, securitized products and government/agency notes and bonds. Over the past three years, we have traded an average of $19.2 billion per month. Although 2018 presented challenges in our market with low interest rates, low volatility and a strong stock market for most of the year, our team remained focused on providing value to our clients through frequent dialogue, customized portfolio analysis, strong sector analytical reports and liquidity when needed.

Public Finance

Our Public Finance group works with public, private and nonprofit entities to help them achieve their long-term financing goals through advisory, underwriting, placement agent and consulting services. In 2018 and for the 10th consecutive year, Baird ranked as the No. 1 lead municipal underwriter in the U.S. based on the number of issues, generating funding for municipal entities in all 50 states and Washington, D.C.1 We also ranked as the No. 5 competitive underwriter in the nation based on par amount for 2018.2 These rankings and qualities underscore our team's commitment to providing innovative solutions and the highest level of execution for every issuer we serve.

Our Public Finance team includes 57 public finance bankers, analysts and professionals who serve clients from 15 offices across the U.S. We expanded our geographic footprint in 2018 by opening new offices in Chicago and Dallas and broadened our sector expertise in housing, higher education and economic development. Our national presence enables us to deliver the experience of traditional municipal finance to both local- and state-level financings. This blend of expertise enables Baird to create unique, long-term financing solutions for clients across numerous sectors.

1 Based on number of issues from 2009 to 2018, according to Ipreo MuniAnalytics.

2 Ipreo MuniAnalytics as of December 31, 2018. Does not include private placements or notes.