WASHINGTON — Bank trading revenues jumped to $7.5 billion in the first quarter, marking the fourth highest level on record, the Office of the Comptroller of the Currency said Friday.

"The improvement in the U.S. economy and low interest rates led to significant capital raising activity in the bond markets," said Kurt Wilhelm, the OCC's director of the Financial Markets Group, in a press release. "That led to strong client demand for risk management products, as investors increased their hedging and positioning against potential changes in monetary policy."

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