UK Central Bank Tries to Save Government Bonds

NTD Newsroom
By NTD Newsroom
September 28, 2022NTD Businessshare

The UK government is taking emergency measures to stabilize its financial system. Its central bank has vowed to buy an unlimited number of UK government bonds as investors dump theirs. Bond values feel through the floor Wednesday, which reportedly put some British pension funds on the brink of insolvency as they had so many eggs in one basket of usually “risk free” government bonds.

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