Jefferies, historically a high-yield house, has been slowly expanding its fixed income offering since establishing itself in 1990. Over the early 2000s, that started to broaden out into corporate bonds and some rates, and municipals and mortgages. Over the past 18 months, though, the firm has stepped up the pace, adding more than 100 employees to its 300-strong fixed-income business through acquisitions, team recruitment and one-off hires.
In June, Jefferies became a primary dealer – yet another step in the firm’s strategy to increase its product offering in fixed income.
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