FICC Could Benefit From Cyclical Sweet Spot – Jefferies

FICC business could be entering a cyclical sweet spot over the next two years aided by rates and credit business, notes Jefferies in its recent research report. Omar Fall and the team at Jefferies in their recent research report titled “Investment Banks – FICC is Dead; Long Live FICC” also point out structural headwinds must not be overstated. FICC to benefit from rates revenues The Jefferies analysts point out that rates revenues are positively correlated to a steeper yield curve and should recover as the path of central bank action clears. The analysts point out that there is a broad…