Citi Bond Traders Eke Out Win in Market That Stung JPMorgan

Citi Bond Traders Eke Out Win in Market That Stung JPMorganIn a dramatic ending to what was widely seen on Wall Street as a tough quarter, the bank’s fixed-income, currencies and commodities traders managed to boost revenue 1 percent from a year earlier, withstanding a slump that ensnared rivals JPMorgan Chase & Co. and Goldman Sachs Group Inc. Citigroup credited resilient demand for spread products, but said it also fared well with products tied to interest rates -- a category JPMorgan said last week suffered from lower investor activity.


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