CAPITAL MARKETS

OUR SERVICES

Institutional Municipal Credit

Institutional Municipal Credit

Ziegler's institutional municipal credit desk makes markets across a broad array of municipal fixed income instruments. Our veteran traders and sales professionals are a strategic resource that delivers innovative expertise and geographic coverage with high-impact results for the clients we serve.

 

Distribution & Trading:

  • High Yield Municipal Bonds
  • Investment Grade Municipal Bonds
  • Taxable Municipal Bonds
  • Private Placement
  • Interest Rate Risk Management
  • Floating Rate Debt
  • Variable Rate Demand Obligations (VRDO)
  • Tax-Exempt CP
  • Credit Analysis & Monitoring
  • Secondary Trading Strategy

 

Clients We Serve:

  • Mutual Funds
  • Asset Managers
  • Insurance Companies
  • Banks
  • Hedge Funds
  • Corporations

 

Retail Trading

Ziegler’s retail trading desk provides execution and market making across an extensive array of investment products. Our experienced retail traders operate an intuitive and customer oriented platform that is fully integrated into the institutional trading desks for improved market liquidity & transparency to our retail investors.

Investment Products:

  • Municipal Bonds
  • Corporate Bonds
  • Government Bonds
  • Common Stocks
  • Preferred Stocks
  • Options
  • ETFs
  • UITs
  • Certificates of Deposit (CD)
  • Mutual Funds

Interest Rates & Structured Products

Interest Rates

Ziegler's interest rate products desk works in coordination with the firm’s capital markets, structured products, banking and traditional sales & trading groups to maintain a continuous flow of creative solutions for even the most difficult of challenges. Our team of experienced professionals combines its tactical idea generation and execution capabilities in order to provide the firm’s clients with innovative & deliverable solutions for the dynamic challenges of today’s markets.

 

Value-Added Services:

  • Yield Curve Trading
  • Relative Value Trading
  • Tax-Advantaged Trading
  • Basis Trading
  • Distressed Structure Liquidation
  • Liability Driven Investing (LDI)
  • Liquidity Solutions
  • Credit Analysis & Monitoring
  • Technical Analysis

 

Trading:

  • Floating Rate Notes
  • Inflation-Indexed Securities
  • Auction Rate Securities
  • Adjustable Rate Puts
  • Index-Linked Securities
  • Credit-Linked Securities
  • Student Loan Asset-Backed Securities
  • Agencies
  • Money-Market Securities
  • Commercial Paper


Structured Products


Ziegler’s structured products desk identifies, defines, measures and analyzes market & financial risks for the firm’s clients. Our results driven and disciplined approach to the mitigation of risk allows for a responsible and essential set of solutions customized to our clients’ particular needs & objectives.

Risk Management & Value-Added Services:

  • Interest Rate Risk
  • Basis Risk
  • Tax Risk
  • Counterparty Risk
  • Market Timing Risk
  • Reinvestment Risk
  • Structural Risk
  • Risk Appetite Matching
  • Cash Flow Monetization
  • Asset Securitization
  • Leveraged Funds
  • Derivative Valuation (Z-VAL)

 

Transaction Types:

  • LIBOR Swaps
  • Ratio Swaps
  • SIFMA Swaps
  • Caps & Collars
  • Amendments, Novations & Terminations
  • Swaptions
  • Total Return Swaps
  • Tender Option Bond (TOB)
  • Proceeds Allocation & Reinvestment
  • Guaranteed Investment Contract (GIC)
  • Forward Delivery Agreement (FDA)
  • Repurchase Agreement (Repo)
  • Structured Notes

 

Underwriting & Syndicates

Ziegler's underwriting & syndicates desk is a top senior managing underwriter in the specialty sectors it serves. Our experience and technical efficiency combined with our strategically located offices nationwide allows for the optimal distribution of an issuer’s debt across the firm’s institutional & retail platforms.

 

Specialty Sectors we Serve:

 

Types of Debt Offerings & Products:

  • Fixed Rate
  • Tax-Exempt
  • Taxable
  • Rated & Non-Rated Financing
  • Floating Rate
  • Variable Rate Demand Obligations (VRDO)
  • Private Placements
  • Short-Term Financing
  • TEMPS℠
  • ARROS℠
  • EXTRAS℠
  • LASERS℠