Bonus Watch '15: Bond Traders Are Basically Second Class Citizens At This Point

In pay, promotions, and r-e-s-p-e-c-t.

"It's can't-afford-private-school bad."

In happier news, equities traders are gettin' the big bonuses and the nice business cards. Ultra thick stock!

At Deutsche Bank AG (NYSE: DB), Credit Suisse Group AG (NYSE: CS) and Morgan Stanley (NYSE: MS), equity-trading executives have taken the reins of their banks’ entire trading divisions in the past two months. Average pay for equity traders is likely to climb for a third straight year in 2015, while bond traders face an equal streak of declines, according to a report from recruitment firm Options Group Inc. Jumps in equity-trading revenue topped those in fixed income at eight out of 10 of the biggest European and U.S. banks in the third quarter, data compiled by Bloomberg show. During the past five years, equities outperformed that strongly only in 2013. Total third-quarter equity-trading revenue grew 3 percent from a year earlier, while revenue from fixed income, currencies and commodities fell 17 percent.

Stock Traders Reap Promotions and Pay as Bond Brethren Laid Low [Bloomberg]