The Traderszone Network

Published in TZ Latest News 21 June, 2015 by The TZ Newswire Staff

Bond Trading Revenues Are Plunging On Wall Street, And Why It Is Going To Get Worse

Among the renewed Greek drama, many missed a key development in the past week, namely Jefferies Q2 earnings, and particularly the company’s fixed income revenue: traditionally a harbinger of profitability for Wall Street’s biggest source of profit (or at least biggest source of profit in the Old Normal). And while not as abysmal as the 56% collapse in the first quarter, in the three months ended May 31 what has traditionally been the bread and butter of Dick Handler’s operation generated just $153 million in revenue.

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