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Fixed Income Trading to Weigh on Citigroup’s Trading Performance

Fixed Income Trading to Weigh on Citigroup’s Trading Performance

In the first quarter, Goldman Sachs (GS) reported the highest growth in trading due to equities, currencies, and commodities trading. Citigroup (C) commands a majority of its trading income through debt-related offerings. As rate hikes have increased since 2017, an expectation of faster rate hikes led to a flight of capital from debt.