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Deutsche Bank: Fixed income's immovable object

Fixed-income revenues barely flinched in the second quarter, despite declines at Wall Street rivals, as German bank's diversity bears fruit

Deutsche Bank's broad product mix helped it justify analyst predictions that it was among the best-placed European banks to benefit from an improvement in fixed income.

Debt sales and trading revenues over the second quarter climbed by €3 million to €1.8 billion from the second quarter last year. Debt underwriting revenues, at €416 million, were just €1 million below their level a year ago, according to Deutsche Bank's second-quarter results Tuesday.

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