The following video is from Wednesday's installment of The Motley Fool's daily Financials show, in which analysts Matt Koppenheffer and David Hanson highlight for investors the most important stock news from the financial sector.
Jefferies, a subsidiary of Leucadia National (NYSE: LUK ) , has come out to say that its revenue from fixed income trading is down 27% year over year. Will a "tepid and cautious" bond market drag down this revenue stream for the other big banks as well? In this clip, David talks about the fixed income market and how it could affect Wall Street as a whole.
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The relevant video segment can be found between 1:30 and 2:34.