Banks weather bond-market turbulence

07/17/2013 | New York Times (tiered subscription model), The

Despite recent turbulence in bond markets, bond trading remains profitable for Wall Street's biggest banks. JPMorgan Chase, Citigroup and Goldman Sachs all recorded substantial trading revenue in the second quarter, contributing to their profits. Some experts worry, however, that declines in the bond market are only the beginning, and that further disruptions will occur when the Federal Reserve stops buying bonds.

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New York Times (tiered subscription model), The

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