US investment banking boutique Jefferies expects record revenues from its fixed-income and commodities businesses in the second quarter, according to its results so far this year, which may give an indication of the profitability of larger rivals, and in particular of Goldman Sachs.

Jefferies said in statement released yesterday that based on results to date, and absent any significant change to market conditions in the final four business days of the quarter, it expects to report net profits for the second quarter ending June 30, 2009.