The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

This Wednesday, Dec. 5, 2012 file photo, shows a Citi Bank sign in Chicago.
This Wednesday, Dec. 5, 2012 file photo, shows a Citi Bank sign in Chicago.
(Kiichiro Sato/AP)

Nasty bond markets to hit bank bottom lines

They could only dodge the damage for so long.

After bond yields shot higher this spring, creating chaos in the market, many of the world’s biggest banks somehow managed to post strong revenues from their fixed-income units last quarter, prompting some investors to think the institutions could navigate through the choppy waters.