(Bloomberg) -- Citigroup Inc. and Goldman Sachs Group Inc. have the highest share of client business in U.S. fixed-income markets, according to a survey by Greenwich Associates.
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The two banks were tied for the lead in both rates and credit products, while JPMorgan Chase & Co. was third in overall share, according to the survey of 1,000 buy-side investors that was conducted earlier this year.
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- JPMorgan was tied with the two leaders in credit products, while Citigroup ranked first in municipals and emerging markets
- Credit Suisse Group AG and Bank of America Corp. were tied for the top spot in securitized products
- Client volume doesn’t necessarily equate to revenue -- JPMorgan leads in fixed-income revenue, and Goldman Sachs had its worst first half in that business in more than a decade.