(HITC) Jefferies Group posted a 33% drop in quarterly bond-trading revenue, signaling weakness in a business that’s been a strength for Wall Street in the past year. Investment banking jumped on gains in debt underwriting. Bloomberg News reports that fixed-income revenue in the fiscal second quarter ended May 31 fell to $158.6 million… Total trading declined 6.9% to $430.1 million.
Jefferies Posts 33% Drop in Quarterly Bond-trading Revenue
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