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Morgan Stanley explains why fixed income traders will never get paid again

How it is and how it was

So you thought fixed income salaries and bonuses were only temporarily depressed? Look at the chart below (taken from Morgan Stanley's giant new banking report). Weep.

Back in 2007, some senior traders were making $7m a year. Now they're not. This explains why (especially in rates).

Fixed income traders pay

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AUTHORSarah Butcher Global Editor

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The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.