The cost to insure bonds of Goldman Sachs , Morgan Stanley and Citigroup against default hit two-year highs on Monday on growing fears the U.S. Federal Reserve's aggressive moves to tame inflation might tip the economy into recession.
against default hit two-year highs on Monday on growing fears the U.S. Federal Reserve's aggressive moves to tame inflation might tip the economy into recession.
CDS is a contractual agreement that lets buyers swap credit risk with sellers and thus insures bondholders against default. "Any short-term spike in CDS on U.S. banks is likely related to fears over a Russian default," said Thomas J. Hayes, chairman at Great Hill Capital in New York.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Asian markets fall in thin trading after last week's rout on Wall StreetAsian shares slipped Monday lower following a sell-off last week on Wall Street as investors fretted over the impact on regional economies from inflation,...
Weiterlesen »
Wall Street drops as Fed focus takes hold, 10-yr Treasuries breach 3%Wall Street's main indexes dropped on Monday, giving up early gains in volatile trading, as investors adopted a cautious tinge ahead of the Federal Reserve meeting this week where policymakers are widely expected to raise interest rates.
Weiterlesen »
Paramount Shares Wobble On Q1 Results; Wall Street Hasn’t Fully Embraced Its Streaming StoryParamount Global shares were down about 1% midway through the trading day after the company reported a mixed bag of first-quarter results. The stock initially dropped as much as 7% to near a 52-wee…
Weiterlesen »
Street racers do doughnuts, light fires on Lower Wacker Drive; Chicago Police say no reports filedAround 2 a.m. a crowd of 100 people and dozens of cars turned out for a fiery street race.
Weiterlesen »
Welton Street Cafe opens a temporary, takeout-only restaurantThe soul food institution is back in business three days a week while a more permanent location is completed
Weiterlesen »