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City of London

The Pension Problem That Threatened to Wreck the Gilt Market

  • The Bank of England intervened in the gilt market on Wednesday
  • BOE was concerned that margin calls would cause a gilt crash
Bloomberg business news
BOE to Buy Long-Dated Gilts in Effort to Calm Markets
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The collapse of the pound and UK government bonds in the wake of Prime Minister Liz Truss’s historic tax-cutting plan has exposed vulnerabilities in a usually sleepy corner of finance.