Wall Street's Macro Traders Have Record Year

Wall Streets big macro traders are experiencing their best year since 2009, with a projected revenue of $165 billion from trading fixed-income, credit, and commodities. This surge is due to central banks adjusting interest rates, uncertainties about tariffs, and a steepening yield curve. The Group of Ten rates business is expected to hit a five-year high of $40 billion. Emerging market macro traders are also set for their biggest haul in at least two decades. Despite these impressive numbers, some traders might be disappointed with bonus payouts, while payouts for stock traders are expected to be 14% higher than last year.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.