But as markets in the United Kingdom went haywire last week, hundreds of British pension fund managers found themselves at the center of a crisis that forced the Bank of England to step in to restore stability and avert a broader financial meltdown. All it took was one big shock. Following finance minister Kwasi Kwarteng’s announcement on Friday, Sept.
” This obscure corner of the market has grown rapidly in recent years, reaching a valuation of more £1 trillion , according to the Bank of England. When bond yields rise slowly over time, it’s not a problem for pensions deploying LDI strategies, and actually helps their finances. But if bond yields shoot up very quickly, it’s a recipe for trouble. According to the Bank of England, the move in bond yields before it intervened was “unprecedented.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US labor market added 263,000 jobs in September | CNN BusinessThe fever hasn’t broken yet for America’s employment market. The economy added 263,000 jobs in September This is why I voted for Biden. Yes, got my second job as a Senior struggling. No it’s not
Source: CNN - 🏆 4. / 95 Read more »
The US job market remains robust, but is showing signs of cooling | CNN BusinessThe fever hasn't broken yet for America's employment market, but the temperature appears to be coming down. lies Excellent news. Record employment Did they forecast 275,000? Your article is misleading.
Source: cnnbrk - 🏆 393. / 55 Read more »
Facing risk of blackouts this winter, the UK will drill for more oil | CNN BusinessThe UK government could award oil and gas companies more than 100 new licenses to drill in the North Sea, as it looks for ways to bolster energy security amid a global supply crunch. - Лиза, 'английских ученых' не пробовали подключить для поиска альтернативных, ископаемому топливу, источников энергии? They should in order to curb global supply crunch The UK invented trains..... Think about that.... Trains!!!!!...... Now they chose Brexit and can't tie their own shoe laces...... FFS!!! ...... No wonder Australia continues to beat you at every sport imaginable UK. ...... Pull up your socks UK.
Source: cnni - 🏆 326. / 59 Read more »