Wall Street bonuses are on the rise for the first time in three years. How big a pay bump bankers and traders get will depend on the type of work they do. Those who work in the hot market for bond sales are set to see their bonuses jump by as much as 35%,

Investment banking debt underwriters could see a surge in annual payouts up to 35% due to revenues booming on debt issuance growth, a report published by Johnson Associates said.

Wall Street is preparing for higher bonuses for the first time since 2021, with underwriters and traders getting the biggest pay boosts for 2024 performance.