Provides institutional clients with access to a broad range of fixed income markets and strategies. Our team partners with you to deliver solutions aligned with your risk appetite and market outlook, whether for liquidity management or portfolio optimization. Our goal is to provide timely insights and strong liquidity while executing these strategies.

PNCCM underwrites and makes markets in a variety of fixed income products, including:

• Corporate Debt Securities
• State and Municipal Obligations
• Agency Debentures
• Agency/Non-Agency Mortgage-Backed Securities (MBS) and Commercial Mortgage-Backed Securities (CMBS)
• Asset-Backed Securities
• Commercial Paper
• U.S. Treasuries
• Money Market Instruments

Our Liquidity Investments Group partners with corporations and public funds through a consultative approach to address short-term investment needs and implement ladder strategies. Through the PINACLE® Liquidity Gateway, we provide access to Government, Treasury and Prime Money Market funds along with Ultra-Short bond funds. We offer multiple settlement options, with enhanced hourly liquidity when funds are settled through a PNC Bank deposit account.

For clients seeking a structured approach, our bond ladder strategies complement money market funds to optimize liquidity and yield.

Supporting these efforts is our Fixed Income Analytics & Strategy team, which delivers actionable insights tailored to evolving market dynamics. This team assists with liquidity optimization, portfolio restructuring, and relative value analysis, ensuring clients receive timely data-driven strategies.

Leveraging PNC Bank’s strong corporate lending relationships, PNCCM offers a full-service investment-grade credit platform with robust trading capabilities in both new-issue and secondary markets.

• Since 2020, PNCCM has increased its number of Active Bookrunner roles by 144%, growing from 41 active roles in 2020 to over 100 in 2025.
• Active in secondary trading with inventory focused on Utilities, Banks, Funding Agreement Backed Notes (FABNs), Transportation, and Real Estate Investment Trusts (REITs).

Our Agency Debenture Trading Desk is an approved underwriter by Federal Home Loan Bank (FHLB) and Federal Home Loan Mortgage Corp (FHLMC) for new-issue callable structures.

• Member of the FHLB callable auction and TAP bidding groups, consistently ranking in the top 3.
• Active liquidity provider maintaining up to $500 million in inventory of bullets and callable bonds.

PNCCM’s Agency MBS platform actively trades Specified Pools, Adjustable-Rate Mortgages (ARMs), Collateralized Mortgage Obligations (CMOs), and provides access to PNC Bank’s residential mortgage origination pipeline.

• Trading desk with dedicated balance sheet, carrying up to $2.5 billion in inventory.
• Monthly MBS Class A, B, C, and ARM auctions inclusive of single and multi-issuer pools.
• Whole Loan Trading Desk offers loan packages and facilitates non-QM (non-Qualified Mortgages) relationships between originators and investors.
• Community Reinvestment Act (CRA) eligible securities and loans. 

• Active Market Participation: Access to Agency Discount Notes, U.S. Treasury Bills, VRDNs, Commercial Paper, and Certificates of Deposit.
• Competitive Pricing: Leverages PNCCM’s balance sheet and issuer relationships for efficient execution.
• Electronic Platform Integration: Full connectivity with leading trading platforms for streamlined execution and transparency.