Wall Street Rates Traders Said to Get Up to 20% Bonus IncreasesBy
Firms boost bonus pools for traders in government bonds, swaps
Rates traders outperformed other fixed-income peers in 2016
It’s a good time to be a rates trader on Wall Street.
JPMorgan Chase & Co., the world’s biggest investment bank by revenue, boosted its 2016 bonus pool for traders dealing in government bonds, swaps and other assets tied to interest rates by about 20 percent, according to people with knowledge of the matter who asked not to be identified discussing compensation. At Morgan Stanley, the bonus pool for rates traders climbed more than 10 percent, and at Bank of America Corp. the average bonus for those employees increased more than 10 percent, other people said…
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