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Letter from the CEO & Managing Editor
Winter 2023

Welcome to 2023 and the Winter issue of Fixed Income Insights - the second full year of our quarterly magazine focused on the US bond markets and with Washington, DC perspectives. This is a content packed issue! We begin with two cover features: current BDA Board member and past chairman Brian Brennan and KeyBanc Capital Markets, and Marty Mannion along with Matt Schrager at TD Securities Automated Trading.
I’m also pleased to announce a new section - Off the Desk which is a “lifestyle” section and this quarter we feature RS-Werks which is a Porsche restoration and modification company headquartered in Parkesburg, PA. I think you’ll agree they do amazing work with air-cooled 911s.
But that’s just the beginning. We have sections on Politics, the Municipal Market, the Taxable FI Markets, Market Structure and Technology, Market Trends, and a detailed summary of the BDA’s policy focus, 2022 accomplishments, our 2023 events calendar and the Washington Quarterly newsletter produced by my colleague Brett Bolton.
This magazine - in both digital and print versions - extends our presence and is an extension of the BDA’s advocacy for member firms. The BDA continues to be the only DC based trade association solely focused on the bond markets. It is this focus combined with aggressive advocacy that sets us apart with tangibly beneficial outcomes for our members. Please find more information on our 2022 successes and our 2023 focus in the BDA Advocacy section.
It is our membership that drives the BDA’s success and is reflected through the content on these pages, provided by industry leadership from Wall Street to Main Street. A big thank you to the many contributors to this issue including our many advertisers.
We value all feedback so please let us know what you think of this issue and of Fixed Income Insights overall.
Thank you for your engagement and support and helping to ensure the BDA is a strong, focused advocate for the U.S. bond markets.
Mike Nicholas Chief Executive Officer, Bond Dealers of America Managing Editor, Fixed Income Insights