Fixed Income Leaders USA 2025

June 09 - 11, 2025

Omni Shoreham Hotel in Washington DC

Jenny Xiao

Global Head of Rates Trading BlackRock

Jenny Xiao, Managing Director, is Global Head of Rates Trading within Blackrock’s Trading Group. The team is responsible for the trading of Government Bonds, Inflation-Protected Government Bonds, Interest Rates Products and Derivatives, and Agency MBS. Prior to joining BlackRock, Ms. Xiao was the Head of the US Rates Sales and the Macro Electronic Sales teams at RBC. In her role in Rates Sales, she managed a distribution team covering a diverse set of institutional clients for US Treasuries, TIPS, Interest Rate Swaps, and Swaptions. In 2018, Jenny received the additional mandate to coordinate and develop both principal and agency distribution strategies across Treasuries, Futures, and Foreign Exchange. She began her career in Rates Sales at Barclays and Deutsche Bank. Ms. Xiao graduated from the Wharton Undergraduate Business Program at the University of Pennsylvania with a B.S. in Economics.

Main Day 1 | June 10th

9:20 AM Market Structure Reform Panel: Reforming fixed income market structure: How can industry collaborate to navigate liquidity shifts, regulatory updates and advancements in automation to drive a more resilient ecosystem?

  • How can you best approach block trades and less liquid bonds in today’s market amid transparency and liquidity challenges? 
  • What parts of the trading process should be automated to improve efficiency and execution? 
  • How are evolving market roles changing interactions between traders, portfolio managers, and non-bank liquidity providers? 
  • Data and analytics developments: Do traders need more data or better tools and what is the impact of new reporting rules on UST and corporate bonds? 
  • Basel III, UST clearing and the shift to T+1 settlement: What are the effects of US regulations on market structure? 

Check out the incredible speaker line-up to see who will be joining Jenny.

Download The Latest Agenda