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Here are two reasons the Bank of England had to step in and buy bonds

Por: MarketWatch Business September 28, 2022

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The Bank of England didn’t delve into details. But the focus on the long end — it’s only buying bonds with maturities of at least 20 years — points to two particular problems. The first has to do with pension funds. They’re not by nature wild speculators. But they are big users of both interest-rate derivatives and swaps. A report from a pension regulator said about two-thirds of the top 600 U.K. pension funds were users of... + full article



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