Jefferies Profit Tumbles 83% as Bond-Trading Revenue Plunges

Jefferies Profit Tumbles 83% as Bond-Trading Revenue Plunges

Jefferies Group via Bloomberg

Jefferies Group LLC Chief Executive Officer Richard Handler said earlier this year that Jefferies saw a “significant slowdown” in fixed-income trading during March and April resulting from concern about the tapering of the Federal Reserve’s bond-buying program.