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Citigroup Traders Are Dealing With the Highest Volatility Since 2008

Jane Fraser at the Milken Institute Global Conference in Beverly Hills, on May 2.

Jane Fraser at the Milken Institute Global Conference in Beverly Hills, on May 2.

Photographer: Lauren Justice/Bloomberg

Citigroup Inc. Chief Executive Officer Jane Fraser said trading desks are dealing with volatility levels that markets haven’t seen in more than a decade.

Traders are coping with inflation that’s at its highest level in a generation and investors who are increasingly worried about the likelihood of a global recession, Fraser said Monday at the Milken Institute Global Conference in Beverly Hills, California. As an example of volatility, she mentioned trading on Friday, when bonds sold off at the same time as equities. Normally, the two have an inverse relationship.