Wall Street banks made $2.3 BILLION by betting on rising inflation in 2021 – doubling the amount they made in 2019

• So-called ‘Linkers’ are inflation-linked bonds that have resulted in a windfall for Wall Street
• Goldman Sachs traders Nikhil Choraria, Puskar Jha and ‘child prodigy’ Wajih Ahmed helped net $450 million for the big bank
• JP Morgan’s Gil Holmes brought in $300 million for his investment house

While everyone else has been shelling out more money for gas, food and housing as inflation hit 8.5 percent in March, an obscure pocket of Wall Street has been raking in the cash by betting on swings in inflation.

Inflation trading has pulled in $2.3 billion in 2021 for the big banks, according to Vali Analytics Ltd., more than twice what they made the year before, reports Bloomberg.

Goldman Sachs pulled in $450 million in this niche sector, which had been a relatively sleepy corner of the investing world over the last decade as the rate of inflation has remained low.

www.dailymail.co.uk/news/article-10868935/Wall-Street-banks-2-3B-betting-rising-inflation-2021-double-2019.html