Wall Street’s beleaguered bond traders relive their glory days with a breakout quarter

Wall Street’s beleaguered bond traders relive their glory days with a breakout quarter

Traders signal offers in the Ten-Year Treasury Note Options pit at the Chicago Board of Trade.
Scott Olson | Getty Images

Wall Street firms just posted the biggest surge to bond-trading revenue in years, helping several banks break records for annual profit — but don’t expect the party to last.
Morgan Stanley said earlier Thursday that its fixed income division – a chronic underperformer a few…

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