Pension funds have been scrambling to sell assets to raise cash to fund their LDI-related derivatives positions since Britain's "mini-budget" on Sept. 23 caused UK government bond yields to surge.
The JPMorgan analysts said despite worries about the fallout from those asset sales, there was "little sign of significant funding stress" from the recent widening of dollar cross-currency basis swaps.Reporting by Tommy Reggiori Wilkes; editing by Carolyn Cohn
A koji problem imate.