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Philadelphia

Taxable Fixed Income

Our Taxable Fixed Income (TFI) division helps clients navigate today’s complex fixed-income landscape, offering deep expertise across our core products, which include rates, credit and structured products. The TFI team prioritizes both high-touch and low-touch trading solutions, ensuring clients receive dedicated, tailored services without marketplace disruption. Leveraging our extensive industry network, we provide timely, accurate information and superior trade execution. 

U.S. Rates

As an active liquidity provider in U.S. Treasuries and Agency, we offer reliable execution for clients in these markets.

Corporate Bonds

We provide customized strategic solutions, value-added guidance, and superior execution across the investment-grade and high-yield corporate bond markets.

Structured Products

Our Structured Products desk is active in a full spectrum of ABS, Collateralized Mortgage Obligations, and Commercial and Residential Mortgage-Backed Securities.

Rates – U.S. Government & Agency Trading

As an active liquidity provider in U.S. Treasuries—including Bills, Bonds, TIPS, and STRIPs—we deliver consistent and reliable execution for our clients through Tradeweb and Bloomberg FIT. In addition to Treasuries, we actively trade U.S. Agency debt and serve as an underwriter for FHLB and FNMA, participating in new issues across callable, bullet, and discount notes, as well as global benchmark debt offerings.

Our team also provides quantitative analysis on yield movements and curve strategies to support clients in optimizing their portfolio positioning.


Corporate Bonds

We provide customized strategic solutions, value-added portfolio guidance, and superior execution across the investment-grade and high-yield corporate bond markets. By focusing on the best relative value along the credit curve, we leverage our deep relationships across the credit spectrum to generate innovative ideas and deliver optimal liquidity solutions. Our experienced professionals are dedicated to helping clients achieve their investment goals, managing a wide array of corporate debt instruments to deliver tailored outcomes.


Structured Products

Our Structured Products desk is active in a full spectrum of Structured Products including, ABS, Collateralized Mortgage Obligations, and Commercial and Residential Mortgage-Backed Securities. We provide investment solutions across both liquid and less-traded sectors, including tailored new issue CMO deals, and liquidity in TBA MBS.

Asset-Backed Securities – Secondary and New Issue

  • Cabrera Capital is on regular rotation with several issuers – Subprime auto/Prime auto/Device/Equipment, Utility Rate Reduction, etc.

  • We are a sponsor for the annual SFVegas Structured Product conference with over 10,000 attendees

  • Cabrera is active in all asset classes in the secondary markets with insurance companies, money managers, mutual funds, hedge funds, credit funds, and banks.

Residential Mortgage-Backed Securities  - Secondary and New  Issue

  • Agency and non-agency

  • Trade residential and multifamily TBA and specified pools

  • Trading liquid markets:

    • We provide liquidity to clients via TradeWeb, Bloomberg FIT, and voice trading. 

Core Strengths:

  • Cabrera Capital adds day-to-day value for our clients by offering liquidity in MBS TBAs, with settlement dates up to 90 days forward.

  •  Our unique client base includes mortgage originators and institutional investors.

  • We structure new issue CMOs tailored to meet our clients’ specific investment objectives.

  •  We deliver value across all structured product sectors, including new issues and secondary ABS and CMBS.

  • We maintain strong relationships with all U.S. GSEs (FHLB, FNMA, FHLMC), providing our clients with access to unique investment opportunities in both residential and multifamily bonds.

Commercial Mortgage-Backed Securities

  • Cabrera is active in agency and non-agency secondary trading

  • In agency multi-family CMBS, Cabrera offers liquidity to originators and GSEs up to 90 days forward 

  • Cabrera is active with FHLBanks in supporting their trading needs and were featured in FHLB Chicago’s 2025 impact report’s as their biggest diverse counterparty for investments.



Leadership

Frank Sinatra Jr.
Managing Director and Head of Taxable Fixed Income
New York City