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Is the Bank of England Trying to Take Control of the Long End of Bond Markets?
There's been a lot of talk about central banks losing control of the long end of bond markets, but then as you pointed out, when the BOE announced its intervention, it actually seems to have had more impact than it might have expected. Some people I speak to in the market on the investment consulting side and hedge fund side, they're sort of thinking, right, is there going to be some kind of stop loss safari that goes on? That's a great term. Because, you know, what was revealed during this whole debacle was that if you push up long dated yields by 100 basis points, you can throw some of these structures into unwind. And so I think schemes