Economic TimesLean R·
Wall Street banks' bond trading revenue hit by market volatility, equities shine
Amidst a backdrop of volatility in interest rates and a bond market selloff, Wall Street banks experienced a downturn in fixed-income trading revenues, as Treasury yields surged to multi-decade highs. This substantial decline resulted in reduced client activity within the fixed-income sector. Conversely, firms like Goldman Sachs and Morgan Stanley thrived, reporting notable growth in equities trading revenue, showcasing the stark contrast in performance amid fluctuating market dynamics.
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