#450: Bitcoin Money Market Funds with Théo Mogenet
TFTC: A Bitcoin Podcast
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Duration Mismatch and the Collapse of the UK Guilt Markets
This chapter discusses the impact of duration mismatch on the UK gilt markets, leading to a collapse. It explores how tax cuts and selling of bonds by fixed income investors triggered a liquidity problem, resulting in margin calls for pension institutions and the intervention of the Bank of England.
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