Goldman Sachs Group Inc. (GS), fixed income trading is settling back from the heights reached in the last two years, and for this Wall Street trading juggernaut, normal means boring. Without proprietary trading--which new regulations forced Goldman to exit--and without a steady flood of customer orders to juice its trading desks, Goldman was not able to produce the eyepopping results that catapulted it in quarters past. Goldman's wings have been clipped by low leverage and a lack of opportunities to change that anytime soon. "We're not holding back leverage," David Viniar, Goldman's chief financial officer, said ...
