Global Rates Offering
StoneX helps institutional clients access liquidity, execution support, and financing across global rates markets. Speak with our Fixed Income team about trading activity, funding needs, collateral usage, and market access requirements.
Global interest rate products
StoneX supports institutional clients trading across global government and rates markets, providing liquidity, execution support, and market expertise. Coverage includes U.S. Treasuries, European government bonds—including Bunds, OATs, BTPs, and other European sovereigns—Australian Government Bonds (ACGBs), UK Gilts, U.S. agency securities, Supranational, Sovereign, and Agency (SSA) bonds, municipal securities, and rates futures.
Our trading desks in New York, London, and Singapore provide coverage across trading sessions and access to liquidity through electronic trading venues. In the first half of 2026, the U.S. Rates team transacted more than $550 billion in U.S. Treasury volume with nearly 600 accounts.
Whether the focus is government bond trading, agency and SSA markets, municipal securities, or rates futures, StoneX connects clients with experienced Fixed Income professionals who understand the demands of active rates markets.
U.S. Treasury Bonds
- Treasury notes & bonds
- Treasury bills & floating rate notes
- Inflation-Protected Securities (TIPS)
- Zero-coupon bonds (STRIPS)
Futures exchanges and products
- CME – U.S. Treasuries, Eurodollars
- CME – Fed Funds, SOFR
- ICE – Euribor, Gilt futures
- Eurex – Euro-Bund futures
Trade access and execution
- Dedicated sales coverage
- StoneX Direct on Bloomberg (FCSR)
- Bloomberg RFQ – FIT / ALLQ
- Futures & options execution – CME Direct & Trading Technologies
- Full-service trading access around the clock
Trading strategy expertise
- Benchmark duration, curve, and cash-futures basis
- Off-the-run duration & spread
- Futures calendar rolls
Our client-first approach
For the past decade, the success of our clients has been a key driver of growth and a constant benchmark for how we measure our own success. We maintain a commitment to providing clients with personalized service while delivering value across the markets we trade.
In rates markets, that often means direct access to specialists who understand liquidity conditions, execution considerations, funding requirements, and collateral management needs as they evolve.
Market Intelligence and trading tools
- Highly tenured sales and trading team
- Daily market commentary and tailored risk analysis
- Spline modeling with historicals
- Benchmark curve relative value models
- Daily technical analysis and flow reporting
- Event-driven systematic trading models
1,000+ domestic and international counterparties including:
Our network helps clients access liquidity, execution, financing, and collateral support across a broad range of rates markets and trading strategies.
Asset managers | Insurance companies | Broker-dealers | Collateral teams | Bullet Pension funds |
|---|---|---|---|---|
State/municipalities | Treasury teams | Hedge funds | Money market funds | Settlement teams |
When to speak with StoneX
Contact StoneX if you need guidance on account-specific margin requirements, product or spread treatment, intraday eligibility, delivery-period considerations, or onboarding requirements. Our team can help clarify how published margin rates apply to your account.
Agency debentures
The StoneX Agency desk combines experienced traders and sales professionals with the balance sheet and market presence to support more than 500 institutional clients across agency debentures, SSA bonds, and supranational, sovereign, and agency securities. Our team brings deep product knowledge across issuers and yield curves, helping clients source liquidity, execute efficiently, and navigate changing market conditions.
In 2021, StoneX was the 11th largest underwriter of GSE Agency debt and ranked #2 among all non-primary dealers. We provide consistent bid-side liquidity and maintain one of the largest Agency inventories on Wall Street.
New issue and secondary trading
- Bullets
- Callables
- Floaters
- Discount notes
Active market makers
- Federal Home Loan Banks
- Federal Farm Credit Banks
- Fannie Mae
- Freddie Mac
- Farmer Mac
- TVA, Refcorp, HUD, AID
- IBRD, IADB, IFC, EIB, ADB
Inventory
A full array of debentures from overnight discount notes to 30YR callables, marking one of the largest and broadest inventories in the Street. We tailor our underwriting to the needs of our individual customers across product type, structure and maturity. We bid the GSE auctions daily across all products and are also active in reverse inquiries. StoneX is a selling group member of FHLB, FFCB, Freddie Mac, Fannie Mae, and Farmer Mac. We make markets and offer liquidity across many ATSs and ECNs.
Municipal bonds
StoneX's Municipal Securities Department provides underwriting, sales, and trading support across the municipal bond market, helping clients navigate both primary issuance and secondary market activity.
Our sales, trading, and underwriting teams actively participate in municipal bonds issued across all 50 states and maintain relationships with a broad network of institutional buyers. We help clients access liquidity, evaluate market conditions, and execute more efficiently across a wide range of municipal sectors and structures.
StoneX currently supports SMAs, ETFs, mutual funds, insurance companies, asset managers, hedge funds, RIAs and banks with daily liquidity, market insight, and a wide variety of municipal offerings. The desk carries approximately $250 million in inventory. The Municipal Bond department includes a $150 million algo trading engine that provides liquidity for the less liquid odd lot transactions.
- Trading Desk Volume
More than 25,000 transactions totaling $11B+ annually - ALGO Trading Volume
Approximately 90,000 transactions totaling $4B annually - Competitive Underwriting Volume
Sole or co-manager on $9B+ in competitive deals
Client focus
- Funds
- ETFs
- CEFs
- SMAs
- Banks
- Insurance companies
- High-net-worth self-directed
Our market expertise, advanced platforms, global reach, culture of full transparency and commitment to our clients’ success all set us apart in the financial marketplace.
Reach
With access to 40+ derivatives exchanges, 180+ foreign exchange markets, nearly every global securities marketplace and numerous bi-lateral liquidity venues, StoneX’s digital network and deep relationships can take clients anywhere they want to go.
Transparency
As a publicly traded company meeting the highest standards of regulatory compliance in the markets we serve, our financials and record of accomplishment are matters of public record. StoneX’s commitment to “doing the right thing over the easy thing” sets us apart in the industry and helps us build respect, client trust and new partnerships.
Expertise
From our proprietary Market Intelligence platform, to “boots on the ground” expertise from award-winning traders and professionals, we connect our clients directly to actionable insights they can use to make more informed decisions and achieve their goals in the global markets.
© 2026 StoneX Group Inc. all rights reserved.
The subsidiaries of StoneX Group Inc. provide financial products and services, including, but not limited to, physical commodities, securities, clearing, global payments, risk management, asset management, foreign exchange, and exchange-traded and over-the-counter derivatives. These financial products and services are offered in accordance with the applicable laws in the jurisdictions in which they are provided and are subject to specific terms, conditions, and restrictions contained in the terms of business applicable to each such offering. Not all products and services are available in all countries. The products and services offered by the StoneX Group of companies involve risk of loss and may not be suitable for all investors. Full Disclaimer.
This website is not intended for residents of any particular country, and the information herein is not advice nor a recommendation to trade nor does it constitute an offer or solicitation to buy or sell any financial product or service, by any person or entity in any jurisdiction or country where such distribution or use would be contrary to local law or regulation. Please refer to the Regulatory Disclosure section for entity-specific disclosures.
No part of this material may be copied, photocopied or duplicated in any form by any means or redistributed without the prior written consent of StoneX Group Inc. The information herein is provided for informational purposes only. This information is provided on an ‘as-is’ basis and may contain statements and opinions of the StoneX Group of companies as well as excerpts and/or information from public sources and third parties and no warranty, whether express or implied, is given as to its completeness or accuracy. Each company within the StoneX Group of companies (on its own behalf and on behalf of its directors, employees and agents) disclaims any and all liability as well as any third-party claim that may arise from the accuracy and/or completeness of the information detailed herein, as well as the use of or reliance on this information by the recipient, any member of its group or any third party.
StoneX Financial Inc. (“SFI”) is a member of FINRA/NFA/SIPC and registered with the MSRB. SFI is registered with the U.S. Securities and Exchange Commission (“SEC”) as a Broker-Dealer and with the CFTC as a Futures Commission Merchant and Commodity Trading Advisor. References to securities trading and prime services are made on behalf of the BD Division of SFI. References to exchange-traded futures and options are made on behalf of the FCM Division of SFI. You can learn more about the background of StoneX Financial Inc. on BrokerCheck.
Wealth management services are offered through StoneX Wealth Management, a trade name used by StoneX Securities Inc., member FINRA/SIPC and StoneX Advisors Inc. StoneX Securities Inc. and StoneX Advisors Inc. are wholly owned subsidiaries of StoneX Group Inc. You can learn more about the background of StoneX Securities Inc. on BrokerCheck.
StoneX One is a proprietary online trading platform through which investors and traders can open securities accounts. Accounts opened through StoneX One are currently available to U.S. persons only. Not all products are available. StoneX One accounts opened through StoneX Securities Inc. are introduced to and custodied at StoneX Financial Inc. (SFI), and all customer orders will be transmitted to SFI for execution, clearance and settlement.
Securities products offered by StoneX Financial Inc. (“SFI”) are intended only for an audience of institutional clients only. Securities products offered by StoneX Securities Inc. and investment advisory services offered by StoneX Advisors Inc. are intended for an audience of retail clients only.
This information is not a recommendation to trade nor investment research or an offer to buy or sell any derivative or security. It does not take into account your particular investment objectives, financial situation or needs and does not create a binding obligation on any of the StoneX Group Inc. of companies to enter into any transaction with you. You are advised to perform an independent investigation of any transaction to determine whether any transaction is suitable for you.
Additional disclosures can be found on https://www.stonex.com/en-us/compliance-library/
StoneX Financial Pte Ltd (“SFP”) (Co. Reg. No 201130598R) is regulated by the Monetary Authority of Singapore (“MAS”) as a Capital Markets Service Licence holder (for dealing in capital market products), an Exempt Financial Adviser (for advising on investment products and issuing or promulgating analyses/ reports on investment products) and a Major Payment Institution (for domestic and cross-border money transfer services).
StoneX Financial (HK) Limited (CE No.: BCQ152) (“SHK”) is regulated by the Hong Kong Securities and Futures Commission for dealing in securities and dealing in futures contracts.
StoneX Financial Pty Ltd (“SFA”) (ACN: 141 774 727) holds an Australian Financial Service License (AFSL: 345646) for Dealing in Securities, Exchange-Traded Derivatives Contracts, OTC Derivatives Contracts and Foreign Exchange Contracts and is regulated by the Australian Securities and Investments Commission.
StoneX Securities Co., Ltd. (“SSJ”) (Co. Reg. No 010401047199) is regulated by the Japanese Financial Services Agency as a Type-I Financial Instruments Business Operator (Kanto Local Finance Bureau (FIBO)No.291’), is a member of the Financial Futures Association of Japan for dealing and brokering FX and FX Option transactions, and is a member of the Japan Securities Dealers Association for dealing and brokering stock indices and option transactions.