Fixed Income Securities
Solutions to Help you Manage Your Investment Portfolio
Whether you are looking for ways to efficiently deploy excess cash or to meet the needs of an actively managed portfolio, PNC Capital Markets LLC (PNC) can customize a fixed income solution to help you achieve your goals. PNC underwrites and makes markets in both corporate debt securities and state and municipal obligations. PNC also makes markets in U.S. government and agency securities, mortgage-backed securities (MBS), asset-backed securities (ABS), commercial paper and money market instruments.
At PNC, we can customize a fixed-income solution tailored to your particular risk appetite and market views. We can help you navigate the markets, identify value and facilitate trades in virtually all types of fixed income securities.
Taxable Fixed Income Securities
PNC underwrites, makes markets and carries inventory in a variety of taxable fixed income securities. At PNC, we can customize a fixed income solution tailored to your particular risk appetite and market views.
Bonds
- U.S. Treasury Securities
- Agency Securities
- Corporate Bonds
- Taxable Municipal Bonds
Mortgage Loans & Mortgage-Backed Securities
Mortgage pools/offerings are comprised of retail loans through PNC Bank N.A. and other top originators.
- Agency Eligible
- To-Be-Announced (TBA)
- Specified Pools (including "Custom"/Reverse Inquiry)
- Adjustable-Rate Mortgages (including Hybrid ARM's)
- Community Reinvestment Act (CRA) Eligible
FNMA Delegated Underwriting and Servicing (DUS®)
Achieve yield enhancement and positive convexity in your mortgage portfolio through the use of the Fannie Mae Delegated Underwriting and Servicing (DUS) program.
Commercial Mortgage-Backed Securities
Asset-Backed Securities
Money Market Investment Instruments
Money market investments are a segment of the financial market in which financial instruments with high liquidity and very short maturities are traded. PNC offers:
- Certificates of Deposit
- Agency Discount Notes
- U.S. Treasury Bills
- Commercial Paper
- Variable Rate Demand Notes (VRDNs)
- Asset-Backed Commercial Paper
Municipal Products and Services
PNC Capital Markets maintains an inventory of tax-exempt and taxable municipal securities suited for institutional clients including investment advisors, trusts, mutual funds, insurance companies, banks and corporations. Our sales and trading group has the experience to help you achieve your municipal product goals, while benefitting from a long-term relationship.
Primary Underwriting
The new issue public finance pipeline provides a diverse offering of municipal products, including major governments, agencies and authorities, local governments, essential services, healthcare, housing and redevelopment, education, corporations, middle market corporations and economic development issues.
If you are interested in raising capital via issuing bonds, PNC's Public Finance Group can help. This group is one of the largest, most successful and creative investment banks offering municipal debt-based structures and products.
Secondary Trading
PNC maintains an inventory of securities suited for institutional and retail clients. We provide liquidity, make markets and fulfill customer inquiries through internal account relationships or external broker dealers.
Variable Rate Demand Note Inventory and Remarketing
PNC serves as a remarketing agent on offerings of variable rate demand notes and bonds, including issues enhanced by letters of credit from more than 40 different regional, national, and international investment grade commercial banks and insurance companies with bank liquidity facilities, as well as issues offered without enhancement based on the credit strength and self-liquidity of the borrower.
PINACLE® Liquidity Management
Actively manage your liquidity balances with convenient online access to a diverse collection of short-term investments that offer competitive yields and correspond with your investment objectives.
Contact the Fixed Income Group
Learn more about how PNC can help you manage your municipal and taxable investment needs.
National Market Municipal Product
1-877-587-8554
Taxable and Bank Qualified Product
1-800-765-8472
Columbus - 1-800-223-7127
Louisville - 1-800-627-9797
New York - 212-339-5733
Philadelphia - 1-877-587-8554
Pittsburgh - 1-800-765-8472
Important Legal Disclosures and Information
Allocation of Callable Securities Your account may contain “callable” securities, which allow the issuer to repurchase or redeem the securities by a specified date. In the event of a partial redemption or call of securities by the issuer, PNC Capital Markets LLC will allocate among its customers, the securities being selected as called, on a fair and impartial basis through a randomized lottery system. If your account contains callable securities subject to a partial redemption or call, the probability of your securities being selected as called is proportional to the holdings of all customers of such securities held in bulk by PNC Capital Markets LLC. Notwithstanding the foregoing statements, PNC Capital Markets LLC will further ensure equitable allocation of the callable securities by excluding itself as well as its interested persons from the lottery system when the redemption is made on terms that are favorable to PNC Capital Markets LLC; and including itself as well as its interested persons in the lottery system when the redemption is made on terms that are unfavorable to PNC Capital Markets LLC.
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