Goldman traders wrongfooted as Iran war upended interest rate expectations
Wall Street bank’s rates desk was key driver behind unexpected drop in fixed-income revenue
Wall Street bank’s rates desk was key driver behind unexpected drop in fixed-income revenue

Traders expect central bank to remain on hold until next summer in blow to Trump’s hopes for lower borrowing costs

The consensus view of the impact of the Iran war on equities and bonds may well prove too sanguine

Five largest US lenders expected to unveil highest combined trading revenues since at least 2014

Bank sees risks of surge in government borrowing costs and of hit to ‘rich’ asset prices

Short positions rise sharply as traders eye economic fallout from Iran war

Central bankers and economists prepare to meet in Washington to assess conflict’s damage