2012.05.31 18:14:49 UPDATE: Fed's Pianalto: US Monetary Policy Appropriate For Conditions

12:19 (Dow Jones) GimmeCredit, while keeping its view steady on JPMorgan (JPM) despite the brouhaha involving its big trading loss, does see the banking giant's bonds underperforming given the renewed debt issues in Europe. Spreads on JPM 4.5% bonds due in 2022 have widened 0.31 percentage point this month to 2.05 as its stock has slumped 23%. (patrick.mcgee@dowjones.com) Call us at (212) 416-2354 or email kevin.kingsbury@dowjones.com (END) Dow Jones Newswires May 31, 2012 12:19 ET (16:19 GMT)