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Wall Street’s missing debt offerings take shine off positive results
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fnlondon.comDespite everything going on, many of Wall Street’s businesses are actually doing pretty well. But a dearth of debt underwriting is holding firms back for the time being.
This was illustrated by results at Jefferies for its fourth quarter running through November, reported on the evening of 9 January. Fixed income trading was up a whopping 71% from a year prior, as interest-rate volatility propelled a surge of activity.
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