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Fixed Income trading

Refinitiv’s fixed income trading solutions give you the power to make every trade count. 

When you need to know more

As technology progresses and the creation of data gets faster, while regulatory requirements get tighter, accurate insight is vital in today’s fixed income markets to separate the signal from the noise. You simply need to squeeze more out of every trade for your fixed income products.

Refinitiv’s fixed income data comprises 3.2m live instruments across credits and rates globally. With over 800 contributors across more than 70 exchanges offering true bids and live prices, we bring comprehensive and transparent pricing to every trade. With exclusive distribution rights from Tradeweb, MarketAxess, and more, you’ll have the leading content in the market at your disposal.

Our powerful analytics capabilities let you boost efficiency across all operations for your fixed income products – from automating regulatory requirements, to surfacing actionable insights from complex market data. Our Advanced Mortgage Analytics will clean and enrich loan-level mortgage data at speed. Crucially, as the world of finance grows more open, access to our data doesn’t tie you into a closed system. Whether you use the Refinitiv Data Platform, cloud integration, or real-time feeds, our open platform lets you mould our fixed income data and content to your own trading infrastructure - so you make every trade count.

What is Fixed Income trading?

Issuers, investors and intermediaries all play a vital role in the fixed income securities market. Fixed income trading involves the buying and selling of fixed income securities by fixed income investors. Fixed income securities include bonds such as investment-grade or high-yield corporate bonds, government bonds and inflation-linked bonds. Loans, interest rate swaps and asset-backed securities including mortgage-backed securities are also considered as types of fixed income securities.

Our solutions help fixed income traders on both the buy-side and sell-side to manage credit risk, interest rate risk and liquidity risk for their fixed income securities. 

How we help

Bringing trusted and accurate expertise

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

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 Refinitiv 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 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, Refinitiv Messenger

Explore Refinitiv 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 Refinitiv. 

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 that Refinitiv 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

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Connect with our specialists

Our specialists will tailor a fixed income trading solution to help solve your specific needs.