Wall Street's Fixed-Income Trading Tear Seen Continuing: ChartBy
Fixed-income trading revenue at the five-biggest U.S. banks on Wall Street probably climbed 20 percent to $13.8 billion in the first quarter from a year earlier, according to analysts. That would be the fourth consecutive double-digit increase and the longest stretch of gains since at least 2010, according to data compiled by Bloomberg. In the first quarter, banks may have benefited from higher volumes in credit and rates trading as the Federal Reserve raised borrowing costs for the third time since the financial crisis.
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