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From NY Times’ Dealbook: Jefferies’s second-quarter
fixed-income revenue fell 27 percent.
The recent turbulence in the markets has already taken its
toll on one Wall Street
firm. Now, investors and analysts are
trying to gauge whether other investment banks have been hurt by turmoil in the
bond markets.
Though Jefferies is not as large as Goldman Sachs or
JPMorgan Chase, it is an experienced bond-trading firm that weathered the
severe storms that have buffeted markets since the financial crisis of 2008. It
was no surprise, then, that Wall Street shuddered a little after Jefferies
reported second-quarter fixed-income revenue that was down 27 percent from a
year earlier.
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