twitter.com/haggis_uk/status/1575135324933693444
Here is one way of seeing the scale of the markets rout that was close to wiping out pension funds. At start of year, 40-year gilt (government bond) with a 0.5% coupon was worth 85p. This morning it was trading at 25p and even after Bank of England intervention it's 34p. This…
— Robert Peston (@Peston) September 28, 2022
Pete's Library 