Fixed income flurry pushes US banks to strong 2016
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Fixed income flurry pushes US banks to strong 2016

The major US banks posted surging fixed income numbers in the fourth quarter last year, driven by the Donald Trump and Fed-inspired steepening yield curve, and a flurry of trading around the election itself. This performance turned the year’s normal progress on its end, as a strong fourth quarter made up for a lacklustre first.

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