Our Fixed Income Division

• Overview
• | Credit
• | Liquid Market Products
• | Securitized Products
• | Municipals and Public Finance
• | Global Real Estate
• | Fixed Income Research

Interest Rate Products

The Interest Rate group offers a broad range of products in which the underlying asset is based on interest rates. Products include notes, bonds, options and swaps, ranging from plain-vanilla interest rate products to highly structured, tailor-made solutions. The Interest Rate group's client base is extremely broad, and includes asset managers, pension funds, hedge funds, corporations, retail investors, financial institutions and insurance companies.

The Interest Rate group comprises a number of teams, broadly split into sales and structuring/trading, with various roles requiring quantitative, modeling and sales skills.

Energy

Over the past year, Lehman Brothers has started to build out a commodity services business, thereby establishing a global trading capability in oil, refined products, natural gas and power. This business actively trades all major financial energy products including futures, swaps, options and structured products tailored to help clients manage exposures to the energy markets.

Foreign Exchange

The Foreign Exchange (FX) business deals with a 24-hour global currency market. Lehman Brothers FX, operating out of New York, London and Tokyo, covers all liquid currencies in both developed and emerging regions and interacts with a broad range of clients, including financial institutions, commodities trading advisors (CTAs), hedge funds, money managers and multinational corporations. FX products include spot (the most liquid and fast-paced market, in which transactions typically settle in two days), forwards (transactions in which currencies are delivered in the future), options (both "plain vanilla" and highly structured "exotics") and swaps.