Bond Market in the United States

The bank of england raised interest rates to slow inflation, which is currently at about ten %. It triggered margin calls from large pension funds, which forced institutions to post cash or do so by slashing positions. This ultimately prompted the bank of englands to step in with an emergency injection of 65 billion pounds (69 billion us) The new chancellor revealed his new growth plan to tackle inflation and deliver higher productivity and wages. All of this caused bond prices and the pound too, dramatically fall. And i was curious, jeff, if you have any thoughts on everything that's going on in the united kingdom.