Wall Street's bond traders are crushing it

JPMorgan Wall Street's most important business is having a bumper start to the year. Fixed income, currency and commodities (FICC) revenues are set to increase 34% in the first quarter from a year ago thanks to rising trading volumes, according to JPMorgan analyst Kian Abouhossen. Abouhossen wrote in a note to clients that credit trading businesses havelikely done well as a result of increased trading and so-called inventory gains. These are where the positions on a bank's books increase in valu...