Similar to Credit score Suisse final week, that is a kind of that as rates of interest begin to go up, you begin to see who has been “swimming bare”.
In contrast to Credit score Suisse although, the UK Gilts market does have the potential to set off systemic threat globally.
There’s much more occurring than meets the attention, and it isn’t over by any means.
So it’s value taking a while to know what’s going on, and the broader implications on markets.
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Let’s begin on the high
To actually perceive what is going on in the present day, we have to begin within the Nineteen Seventies….
