塀で囲む Street sees greater 危険 of default by major banks
By Mehnaz Yasmin
May 3 (Reuters) - The cost to insure 社債s of Goldman Sachs , Morgan Stanley and Citigroup against default 攻撃する，衝突する two-year highs on Monday on growing 恐れるs the U.S. 連邦の Reserve's 積極的な moves to tame インフレーション might tip the economy into 後退，不況.
Credit 危険s have より悪くするd since the ウクライナ共和国 危機 as some big U.S. banks took a 攻撃する，衝突する to their 主要な支え 商売／仕事s, with 資本／首都 market activity coming to a 行き詰まり and lending 推定する／予想するd to remain lackluster.
That has 誘発するd bondholders to consider hedging 戦略s to 保護する against 可能性のある defaults.
The war in ウクライナ共和国 and Western 許可／制裁s could knock more than 1% off 全世界の growth this year and 追加する two and a half 百分率 points to インフレーション, the 経済協力開発機構 has said.
JP Morgan Chase & Co, Goldman Sachs and Citigroup 連合させるd put aside a $3.36 billion in credit loss reserves in the first ４半期/4分の1. That is a 逆転 from the past 12 months when 貸す人s 解放（する）d billions in reserves after losses 関係のある to COVID-19 failed to materialize.
Spreads on five-year credit default 交換（する）s (CDS) on Goldman Sachs の近くにd at $108.92 on Monday, Morgan Stanley at $104.96 and Citigroup at $107.94, their highest in at least two years.
CDS is a contractual 協定 that lets 買い手s 交換（する） credit 危険 with 販売人s and thus insures bondholders against default.
Spreads on five-year CDS on JP Morgan, 井戸／弁護士席s Fargo and Bank of America Corp also look 始める，決める to 越える 近づく two-year highs 始める，決める in March.
"Any short-称する，呼ぶ／期間／用語 spike in CDS on U.S. banks is likely 関係のある to 恐れるs over a ロシアの default," said Thomas J. Hayes, chairman at 広大な／多数の／重要な Hill 資本／首都 in New York.
The correlation co-efficient between Russia's five-year CDS on 君主 負債 and the banks' CDS is between 0.5 and 0.6 in the five months ended May this year, 示唆するing a strong 肯定的な correlation.
A derivatives パネル盤 has 支配するd on Wednesday that Russia could be in default after i t failed to make a 支払い（額） 予定 on April 4 in U.S. dollars on two 君主 社債s, bringing a payout on billions of dollars in default 保険 a step closer. (報告（する）／憶測ing by Mehnaz Yasmin in Bengaluru; Editing by Alden Bentley and Anil D'Silva)
