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2022 saw an unprecedented crash in bond markets. I spent much of the year wondering which financial institutions would implode as a result. That process finally began with UK pension funds in September 2022. US banks are the latest victims. Banks around the world are next.
Tesco's scheme is the latest to come a cropper because of heavy exposure to so-called Liability Driven Investments.
Tesco's scheme is the latest to come a cropper because of heavy exposure to so-called Liability Driven Investments.
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Among UK companies with reports and updates are DS Smith, Bonhill Group, Frasers, National Grid, Unite Group, Joules Group.