Wall Street’s Macro Traders Eye Biggest Haul in 16 Years (1)

Wall Street’s macro traders are headed for their best year since 2009 as clients rushed to place bets on changing interest rate policies by central banks around the world.

Firms including Goldman Sachs Group Inc., JPMorgan Chase & Co. and Citigroup Inc. are expected to generate roughly $165 billion in revenue from trading in fixed-income, credit and commodities this year, up almost 10% on 2024, according to data from Crisil Coalition Greenwich.

Interest-rate adjustments by global central banks, uncertainty around tariffs, concerns over ballooning fiscal deficits and a steepening yield curve have all bolstered the fee pool for rates ...