Contact

Bonds & Fixed Income Products

Tax-Advantaged Solutions Backed by Decades of Experience

Alamo Capital specializes in bond and fixed-income investing, offering a broad range of corporate and municipal bonds and fixed-income securities tailored to the needs of retail, institutional and wholesale clients. Since 1987, our full-service fixed-income team has provided expertise in both individual securities and the broader market. We help investors pursue their financial goals with clarity and confidence. Clients gain access to primary and secondary offerings, strategic portfolio guidance and exclusive new issues through our trading desk.

Click Here to Speak to a Broker

View available offerings through our Bond Online Trading System (BOLTS)

Explore our inventory

Municipal Bonds

Municipal bonds offer tax-advantaged income while funding essential infrastructure such as schools, transportation, utilities and public health facilities. Alamo Capital maintains a broad inventory of municipal securities across credit ratings and maturities, including exclusive access to underwritten offerings.

  • Tax-Exempt Income: Interest is often free from federal — and in some cases, state and local — taxes
  • Income Stability: Predictable interest payments, typically semi-annual
  • Portfolio Diversification: Helps balance risk and return across asset classes
  • Public Sector Impact: Capital supports local and state-level projects
  • Accessible Entry Point: Just a five-bond minimum to begin investing
Through close partnerships with issuers across California, Alamo Capital provides direct access to new municipal bond offerings, including negotiated deals that are not widely available. For California state residents, these bonds may offer valuable, dual tax advantages as they are exempt from both federal and state income taxes. Our inventory encompasses a range of general obligation and revenue-backed structures across various sectors and bond durations.

Tax Considerations for Qualified Accounts

Placing municipal bonds in a tax-deferred account, such as an IRA, may seem redundant, but in some instances, for example, when yields exceed those of comparable taxable options, they may have a role. Our team can help determine if this strategy aligns with your broader plan.

Contact Our Bond Specialists

Investment-Grade Corporate Bonds

Investment-grade corporate bonds are issued by companies with strong credit ratings. These securities offer steady income and portfolio stability, making them well-suited for investors seeking capital preservation and consistent returns.

Alamo Capital supports clients in evaluating bond structure, sector exposure, credit quality and duration — providing access to offerings in both the primary and secondary markets.

  • Predictable Income: Fixed interest payments, typically semi-annual
  • Potential for Lower Credit Risk: Backed by financially stable corporate issuers
  • Diversification: Complements equities and other fixed income instruments
  • Liquidity: Actively traded across maturities and industries
  • Account Flexibility: Effective in both taxable and tax-advantaged accounts
Talk to a Corporate Bond Specialist

High-Yield Bonds

High-yield bonds are issued by companies with low credit ratings or limited operating history. To compensate for higher risk compared to other bonds, high-yield bonds may offer greater income potential and may appeal to investors seeking enhanced returns or longer-term capital appreciation.

We provide access to both primary and secondary high-yield opportunities, along with guidance to help assess if this segment aligns with your overall investment strategy.

  • Higher Income Potential: Elevated yields compared to other fixed income instruments
  • Return-Oriented Strategy: Can enhance overall portfolio yield when used selectively
  • Risk Tolerance Match: Suitable for investors comfortable with market and credit volatility
  • Diversification: Offers exposure to sectors and issuers not represented in investment-grade markets

Interested in current high-yield opportunities? Our team can help evaluate risk, return potential and market fit.

Speak with an Expert

Mortgage-Backed Securities (MBS) & CMOs

MBS and CMOs generate income from pools of residential mortgages—offering consistent cash flow and exposure to the housing market without direct property ownership. Many are issued or guaranteed by government-sponsored enterprises such as Fannie Mae, Freddie Mac and Ginnie Mae, giving investors a layer of credit confidence.

At Alamo Capital, we work with clients to evaluate structures, credit quality and payment schedules across both primary and secondary markets.

  • Monthly Income: Regular payments of principal and interest
  • Diversification: Asset-backed exposure that behaves differently from traditional corporate or municipal bonds
  • Agency Support: Many securities carry backing or guarantees from established GSEs
  • Structural Flexibility: Tranches and maturities tailored to investor needs
  • Secondary Market Access: Opportunities for both buyers and sellers

Review Available Structures

Speak with an Expert

Build America Bonds (BABs)

Build America Bonds are taxable municipal bonds created to support public infrastructure projects. Issued by state and local governments, BABs offer investors a blend of yield and credit quality, with the added benefit of federal support structures.
These bonds come in two formats:

  • Tax Credit BABs: Investors receive a federal tax credit based on interest earned
  • Direct Payment BABs: Issuers receive a subsidy to offset borrowing costs (the more common structure)
  • Attractive Yields: Often higher than traditional tax-exempt municipal bonds
  • Diversification: Combines features of muni and corporate bonds
    Federal Support
  • Mechanisms: Enhanced creditworthiness and market appeal
  • Portfolio Fit: Especially relevant for those using tax-deferred accounts
Find out more

Structured Products

Offering customized exposure across asset classes, structured products are pre-packaged investments built to align with specific return targets, risk tolerances or market outlooks. They typically combine fixed income instruments with derivatives to create tailored strategies that address a range of investor objectives.

  • Customized Strategy: Built to reflect individual investment goals and risk parameters
  • Enhanced Yield or Return Potential: Depending on product structure
  • Defined Outcomes: May offer predictable returns or downside buffers
  • Flexible Market Exposure: Linked to a wide range of asset types

Our specialists can help identify options that are aligned with your market

Talk to an Expert

Bond ETFs

Bond exchange-traded funds (ETFs) provide access to diversified fixed income exposure with the flexibility of intraday trading. These funds hold portfolios of bonds, such as Treasuries, corporate debt or municipal securities. Like stocks, they can be bought or sold throughout the day.
  • Diversification: Exposure to a broad range of issuers and sectors
  • Liquidity: Traded during market hours like equities
  • Cost Efficiency: Generally lower fees compared to actively managed funds
  • Strategic Flexibility: Suitable for both tactical and long-term allocations
  • Transparency: Holdings are publicly disclosed and regularly updated

Efficient Access Starts with Alamo

Take the First Step

Zero Coupon Bonds

Zero coupon bonds are issued at a discount and redeemed at face value at maturity. Unlike traditional bonds, they do not pay periodic interest. Instead, the return is the difference between the purchase price and the amount received at maturity.
  • Defined Payout: Know exactly what you will receive and when
  • Long-Term Planning: Well-suited for predictable future obligations
  • No Reinvestment Risk: No interim interest to reinvest
    Secondary Market
  • Liquidity: Available for both purchase and sale

Plan Ahead with Confidence.

Get Started