Partner & Head of CCIB, BCG Expand, Amrit Shahani shares his perspective in IFR on how March’s sharp bond-market moves created a challenging backdrop for G10 rates trading desks.
Drawing on BCG Expand’s analysis, Amrit highlights how rapid shifts in geopolitical risk and rate expectations forced valuation adjustments across both flow and non-linear products, dynamics that contributed to softer performance across the top banks, with G10 rates revenues expected to decline ~5% YoY.