One aspect that has received little attention is the impact that the plunge in gilt markets is having on members of defined contribution schemes, especially those who are due to retire
#bonds#pensions#investments
https://t.co/JWxFjGrX7j
I've spoken to Barry Kenneth, the CIO of the PPF about their in-house LDI strategy. They run the strategy on limited leverage and have even been able to buy debt during the crisis. https://t.co/7W7rtDXIMm
As Liz Truss sacks Kwasi Kwarteng for implementing her own economic policies, millions of people are still waiting for a plan to tackle the cost-of-living emergency.
It doesn't matter how many Chancellors they get through, this Tory government is rotten to its very core.
Kwasi Kwarteng will announce his medium-term fiscal plan and OBR forecast on 31st October, which is not only Halloween but also the day that the #BoE will embark on QT? If the BoE and treasury want to avoid looking out of synch, this isn't a great look.
This chart by @RBC has been doing the rounds today, which predicts an even higher #gilts issuance than anticipated, and it's all got to do with a lot of forecasters having missed a detail in the small print to the Asset Purchase Facility (APF). Here is what I make of it 1/7
Don't be fooled by its age or its looks. This is by any measure still a fast car and surprises people on the road everyday. Plus the exhaust be like: 🚗💨💥💥💥
#seat#leon#cupra#SeatLeonCupra#SeatLeonCupraR#fastcars… https://t.co/5NxCqqCyrf