Our Fixed Income Division

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

Municipals and Public Finance

Municipal bonds are U.S.-only debt securities. States, municipalities and counties issue municipal bonds in order to finance capital expenditures. Lehman Brothers' Municipals Products group combines banking, underwriting, sales and trading, and reinvestment and derivative products into one unit for the benefit of clients.