29 Sept 2022

The UK's Fucked - Something Broke: "At Some Point This Morning I Was Worried This Was The Beginning Of The End"

"If there was no intervention today, gilt yields could have gone up to 7-8 per cent from 4.5 per cent this morning and in that situation around 90 per cent of UK pension funds would have run out of collateral... They would have been wiped out."

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