Archive · 25 Nov 2025
Wall Street Macro Traders Eye Best Year Since 2009
Wall Street traders who deal with things like interest rates, credit, and commodities are having a great year.
They are expected to make a lot of money, about $165 billion, which is the most since 2009.
This is happening because central banks around the world are changing interest rates, and there's a lot of uncertainty about things like taxes and government debt.
Traders in different areas like emerging markets, credit, and commodities are also doing well.
However, not all traders will get big bonuses.
Only a few top performers will receive significant payouts.
Stock traders, on the other hand, are expected to have a very good year too, with a 14% increase in payouts because of the boom in AI stocks.
Wall Street macro traders are on track for their best year since 2009, with expected revenue of $165 billion in 2025.
Revenue increase is driven by central bank interest-rate adjustments, tariff uncertainty, fiscal deficits, and a steepening yield curve.
Group-of-10 rates business is expected to reach a five-year high of $40 billion in revenue.
Emerging-market macro traders are expected to have their biggest haul in at least two decades with $35 billion.
Stock traders are set to see a 14% increase in payouts due to booming AI stocks.
- Who
- Wall Street macro traders, including firms like Goldman Sachs, JPMorgan Chase, and Citigroup
- What
- Expected record revenue from trading in fixed-income, credit, and commodities
- When
- 2025, with similar expectations for 2026
- Where
- Global markets, with a focus on interest rate policies by central banks
- Why
- Due to central bank interest-rate adjustments, uncertainty around tariffs, fiscal deficits, and a steepening yield curve
- Revenue Increase (2025 vs 2024)
- 10%
- Expected Compensation Pool Increase (2025)
- 3% (FICC)