Fixed Income Market Insights



Sharon Stark

Managing Director, Fixed Income Strategy

With more than 30 years of financial services experience in both the public and private sectors, Sharon Stark brings deep knowledge and broad perspectives to Incapital’s clients.

Ms. Stark’s past roles include business strategy development, bank regulation and policy development, portfolio management and securities trading. Before joining Incapital, she served as Chief Fixed Income Strategist at D.A. Davidson and Head of Fixed Income Strategy at Sterne Agee. From 2007 through 2009, she was a Senior Economic and Policy Advisor to the Deputy Director and COO of the U.S. Treasury’s Office of Thrift Supervision. Her technical expertise helped guide policies during the financial crisis of 2008-2009, including the Troubled Asset Relief Program (TARP) and the Home Affordable Modification Program (HAMP). Before that, she was Chief Market Strategist for fixed income capital markets at Legg Mason, and spent five years with the FDIC as a Deputy Assistant Director, managing policy and training for the Office of Capital Markets. 

Paetow Ian Bio

Ian Paetow

Associate, Risk Management
Ian Paetow joined Incapital’s Operations department in 2015, and now serves as an Associate for Risk Management, helping to manage the firm’s interest rate risk and providing reporting and analysis to the trading desks and institutional sales team. Previously, he was a Financial Advisor at Renaissance Financial in St. Louis and interned for two summers with Citadel in Chicago. He earned a bachelor’s degree in economics from Saint Louis University and holds his FINRA Series 7 license.

Mortgage-Backed Securities Commentary

Current  |  Past Commentary


John Oakes

Managing Director, MBS Trading

John Oakes has more than 30 years of taxable fixed income sales and trading experience. In his current role at Incapital, he manages Mortgage-Backed Securities Trading, facilitating the distribution of securities by working closely with the sales team and their clients while managing all order flow, risks, and inventory levels. 

Prior to joining Incapital, Mr. Oakes worked with Jefferies, where he started and managed a whole loan trading desk. Before that, he was the Trading Manager at ABN AMRO Mortgage Capital Markets. As a senior member of the ABN team, his responsibilities included facilitating distribution of loans and securities, as well as managing all pricing and inventory levels. 

During his 16+ years as a Senior Vice President at Wachovia Securities, Mr. Oakes managed the taxable fixed income desk, the mortgage trading desk and the taxable sales group, which he started. At Wachovia, he broadened his experience by trading all forms of mortgage-related products, investment-grade corporate bonds, asset-backed securities, commercial mortgage securities, agencies, Treasuries and options. He was directly responsible for and involved in the underwriting and distribution of multiple asset securitizations, including student loans, credit cards and autos, in addition to several agency issues. Mr. Oakes began his career at Wachovia in mortgages, where he gained a strong fundamental background in the business through his role in secondary marketing. 

Mr. Oakes earned an MBA in finance from Wake Forest University in Winston-Salem, North Carolina, and a BS in finance from Indiana University.