Wall Street bond traders who survived years of slumping revenue are on track to receive some of the financial industry’s biggest bonus hikes for 2017 as banks increase total incentive payouts the most this decade.
That’s the initial projection from compensation consultant Johnson Associates Inc. after revenue from fixed-income trading climbed at several big U.S. banks in the first quarter. People in those operations will probably see annual bonuses jump 10 percent to 15 percent. Their colleagues who underwrite securities offerings are set for raises of 10 percent to 20 percent.
