Investec Fixed Income
Fixed income forms an important component of a long-term balanced portfolio. We assist asset managers, pension funds, life companies and hedge funds with pricing and hedging solutions to manage their risks in fixed income markets.
Partner with a team with the experience and knowledge of the fixed income markets and the fundamentals that underpin them.
What we offer
Our team has a deep understanding of local and global economic fundamentals and the dynamics that underpin the fixed income markets, helping you to set strategies and identify opportunities.
Our team has a deep understanding of local and global economic fundamentals and the dynamics that underpin the fixed-income and money markets, helping you to set strategies and identify opportunities.
Our money market team has the experience and knowledge to help you to invest across the spectrum from overnight up to five years, including overnight and fixed deposits, negotiable certificates of deposit and floating rate notes.
A member of National Treasury’s Primary Dealer Panel since 1998, offering fixed-income solutions for corporate and institutional clients. Our expertise ranges from competitively priced fixed-income instruments, South African government bonds and South African Inflation Linked Bonds, Repurchase agreements and Bond Futures.
Backed by our world-class fixed income research and technical analysis. We offer competitive markets in the following interest rate derivative products: Swaps, Forward Rate Agreements and Interest Rate Options.
Hedge and manage the risks in your bond portfolios through bond forwards.
ZARONIA calculator
In alignment with global reforms of interest reference rates, South Africa is transitioning from the Johannesburg Interbank Average Rate (JIBAR) to the South African Overnight Index Average (ZARONIA). Our ZARONIA calculator gives you a quick and reliable way to calculate your interest using the latest ZARONIA rate published by the South African Reserve Bank.
Tell us more about your institutional fixed income requirements
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The team
Jeanine Polley
Head: Balance sheet management – ZAR funding
I head up the Balance Sheet Management ZAR funding team.
We offer money market products such as call, fixed deposits, NCDs, FRNs, and prime linked notes to asset managers, insurance companies and the Government Sector.
Stephen Arnold
Senior Bond Trader
I am a rated Technical Analyst and supply regular updates on relevant local and offshore instruments as part of our broad Fixed Income product offering. I joined Investec in 2007, where I’ve been involved in the successful growth of the Bond Franchise from both a Market Making and Fixed Income sales perspective.
I was Chairman of the Primary Dealer Association over the period which involved the launch of the 1st Electronic Trading Platform in the local market and still take an active role in the continuous evolution of the Bond Market in South Africa.
My career began at Nedbank in 1991 and I have traded various Financial Products over the past 32 years, including Bonds, Bond Futures, Bond Repo’s, Interest Rate Derivatives, Money market products and FX. I set up the bond trading desks at both Nedbank and HSBC South Africa.
David Gracey
Head: Foreign exchange and fixed income trading
I head up Foreign Exchange and Fixed Income Trading, trading in both asset classes. I make markets to clients in products associated with these asset classes and also manage the risk associated with this function.
I have more than 30 years of trading experience in South African financial markets, and joined Investec in 2011 as part of the FX team.
Jeanine Polley
Head: Balance sheet management – ZAR funding
I head up the Balance Sheet Management ZAR funding team.
We offer money market products such as call, fixed deposits, NCDs, FRNs, and prime linked notes to asset managers, insurance companies and the Government Sector.
Stephen Arnold
Senior Bond Trader
I am a rated Technical Analyst and supply regular updates on relevant local and offshore instruments as part of our broad Fixed Income product offering. I joined Investec in 2007, where I’ve been involved in the successful growth of the Bond Franchise from both a Market Making and Fixed Income sales perspective.
I was Chairman of the Primary Dealer Association over the period which involved the launch of the 1st Electronic Trading Platform in the local market and still take an active role in the continuous evolution of the Bond Market in South Africa.
My career began at Nedbank in 1991 and I have traded various Financial Products over the past 32 years, including Bonds, Bond Futures, Bond Repo’s, Interest Rate Derivatives, Money market products and FX. I set up the bond trading desks at both Nedbank and HSBC South Africa.
David Gracey
Head: Foreign exchange and fixed income trading
I head up Foreign Exchange and Fixed Income Trading, trading in both asset classes. I make markets to clients in products associated with these asset classes and also manage the risk associated with this function.
I have more than 30 years of trading experience in South African financial markets, and joined Investec in 2011 as part of the FX team.