LDI crisis could ‘certainly happen again’, pensions experts say
Wave of issuance and a shrinking buyer base likely to spur further volatility in gilts
Rising volatility in the £2.1 trillion ($2.5 trillion) UK government bond market could spark a repeat of last year’s crisis in liability-driven investment (LDI) strategies that unleashed a wave of collateral calls against pension schemes, asset managers and consultants have warned.
A glut of new gilt issuance from the UK treasury as traditional buyers of gilts pull back could thin liquidity and
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