Wall Street Bets on Bond Revival in Trader Hiring Spree
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Wall Street firms are starting to bet on an end to the profit-eroding boredom in credit markets by building their trading desks.
Nomura Holdings Inc. has added 10 to its U.S. corporate debt team this year, an increase of about 10 percent, and plans to expand further, according to Michael Guarnieri, the bank’s global head of credit products in New York. The latest hires are high-yield debt traders Daniel Frommer and James Incognito, who joined this month.