Wall Street bonuses are expected to decline for the third consecutive year, reflecting a period of busted mergers, limited trading activity and muted hedge fund returns, according to CNBC and the New York Times.  Retail and consumer banking was not quite as bleak. There, bonuses could actually gain as much as five per cent over the previous year. That area of finance has benefited from deposit and loan growth as the US economy recovers. The Bank of China is selling three-year, US dollar-denominated green covered bonds via its London branch, according to a term sheet seen late last week by The Wall Street Journal. The bonds are expected to price at a yield of around 1.15 percentage points above comparable US Treasury bonds, the term sheet said. The bonds will be secured by a pledge by the BoC of a portfolio of China's domestic climate-aligned bonds traded on the country's interbank bond market, according to the term sheet. Proceeds raised from the issue will be used to fund eligible green projects in renewable energy, pollution prevention and control, clean transportation, and sustainable water management.