JPMorgan curbed lending to Jane Street as trading firm muscled into bonds

Why it matters

JPMorgan curbing lending to Jane Street as the trading firm expanded into bond markets is notable market activity reflecting shifting credit allocation and risk appetite among major financial institutions, but it is not systemic or broadly consequential.

Sources

• Financial Times

  JPMorgan curbed lending to Jane Street as trading firm muscled into bonds

  Wall Street bank’s move last year came after trading specialist began making markets in US Treasuries