Bank of England has explained what happened last 27th Sep, when it was forced to intervene the gilt market (indirectly bailing out all the pension funds...)
So that quick, ah? Current 30 YR Gilt is yielding at 4.3%, if it goes back again to 5% byebye UK Economy and wellcome again to the Great Financial Crisis 2.0
What are your bets then? UK has no alternative now. If inflation keeps rising, which will as per the latest sentiment released this morning, the BoE can't rise interest rates agressively bcuz it will break down the whole UK economy...but if the BoE does nothing... it will break down equally the whole economy.
:-) Fucked up!
Submitted October 06, 2022 at 07:15AM by JournalistFew2794 https://ift.tt/qVRHxOK
