Ralph Axel is a Director and U.S. Rates Strategist at BofA Global Research.
Axel, who joined the firm in June 2010, focuses on the analysis of U.S. rates markets, including treasuries, futures, swaps and agency markets. Regular Research publications include the Global Rates Weekly, Liquid Insight and World at a Glance. He was a #1 ranked analyst in the 2020 Institutional Investor Survey.
Previously, Axel was an interest rate strategist at Deutsche Bank Securities, where he specialized in dollar-denominated U.S. and European Agency bonds. Before that, Axel served as proprietary bond trader at Lehman Brothers and previously was the lead domestic U.S. rates strategist at HSBC Securities.
Axel received a bachelor’s degree in mathematics from the University of Massachusetts Amherst and an M.S. and Ph.D. in mathematics from the University of Illinois at Urbana-Champaign.