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Sleepy Corner of U.K.’s Pension Industry Forced the Bank of England’s Hand

Por: The New York Times Business October 01, 2022

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Plans by Britain’s new prime minister, Liz Truss, to cut taxes and freeze energy bills landed like a bomb in a niche corner of financial markets, hitting government bond prices so hard that the Bank of England was compelled to intervene, and highlighting how obscure derivatives can still shake up the global financial system more than a decade after the 2008 financial crisis.On Wednesday, 30-year British government bonds swung more in a day... + full article



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