Government Securities

Jefferies provides execution and expertise in government bond markets globally, with 24-hour liquidity from trading presence in New York, London and Tokyo. Our team is comprised of experienced individuals and is a major trader of all products from government bonds and supranational debt to derivatives and structured products.

Government Securities has the following capabilities:

  • Sovereigns
  • Swaps
  • Financial Futures & Options
  • Short-term Interest Rates
  • Volatility
  • Repo Financing
  • Money Markets
  • Agencies
  • Inflation

Jefferies is designated as a Primary Dealer by the Federal Reserve Bank of New York and is an active participant in all Treasury auctions, Treasury purchases, and Federal Reserve Open Market Operations and is an important provider of secondary market liquidity in the Treasury market. Jefferies is also a significant underwriter of debt issued by U.S. government agencies.

Jefferies acts as a designated Primary Dealer or equivalent in the UK, Germany, Netherlands, Portugal and Slovenia. Jefferies also provides liquidity across the whole spectrum of securities issued by supranationals, sovereigns and other European governments and their agencies.

Jefferies’ Derivatives product specialists operate in Financial Futures & Options on all major exchanges out of the New York, London, and Los Angeles offices. Using fundamental and technical analysis, they strive to add value by helping clients create and implement strategies that meet their risk profiles and trading objectives. Jefferies executes on these trade ideas using synthetic pricing, algorithms, block liquidity and market making capabilities of the Fixed Income and Equities franchises. Jefferies ranks as a top counterparty for listed derivatives in the U.S. and in Europe.

The Jefferies Repo Trading and Sales team is a participant in the daily Federal Reserve Securities Lending Program and Open Market Operations. In addition to providing firm liquidity, the desk maintains an active matchbook to facilitate customer financing needs.

Clients can access Jefferies' liquidity through all of the main electronic distribution channels: Bloomberg (JEFX), Tradeweb, BondVision, Reuters (JEFX) and MarketAxess.