The BoE is due to announce its next decision on interest rates on 3 November and many investors think it will either raise them from their current level of 2.25% to 3% or possibly 3.25%, both of which would be much bigger moves than usual.
Of course, a significant interest rate hikes will push yields on gilts ever higher, forcing pension plans to continue to derisk and de-leverage…the very things that precipitated the pension plan meltdown earlier this month, when lack of confidence in the mini budget sent yields soaring.
Removing some of the ridiculous amount of leverage from the system is a good thing. The third of November is two and a half weeks of notice. Get it done.
UK Chancellor Promises To Make Pensions Less Solvent.
Are these people really that stupid or are we just not seeing the puppet strings or the hand up their arses moving their lips. 😱😱😱
Removing some of the ridiculous amount of leverage from the system is a good thing. The third of November is two and a half weeks of notice. Get it done.
https://www.youtube.com/watch?v=ISDgcB-J4fQ