The larger spreads add to the revenue and profits from trading.
Brokers are not making much money from trading, and that is reflected in seat prices.
This amount can build up from initial trading and is based on account activity.
Over all, the firm's revenue from trading dropped 68 percent, to $658 million in the quarter.
Profits from corporate banking and trading fell by 9 percent, to $382 million.
White House economists count themselves among those who had not expected the recent increase in long-term rates from daily trading.
Its revenues from trading were down more than $1 billion in the first six months of 1994 from the period a year earlier.
Its profits from trading fell 25 percent in 2000, to $1.6 billion.
Another rule is that no fan should make money from trading.
In the first quarter a year ago, the bank had a profit of $54.5 million from trading.