Analysis-Bond traders get their swagger back in rate-obsessed markets

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Reuters UK

By Lananh Nguyen NEW YORK (Reuters) – Bond traders are stars again on Wall Street. Fixed income, currencies and commodities (FICC) traders bolstered bank profits last year despite dreary deal markets. And traders who have navigated renewed market volatility are set to extend their winning streak, senior bankers told Reuters. At Bank of America Corp, FICC revenue jumped 49% to $2.3 billion, lifting the trading division’s full-year revenue to the highest since 2010, the bank’s earnings report on Friday showed. At Citigroup Inc, revenue from fixed income surged 31% to $3.2 billion in the fourth q…

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