The Wall Street Journal
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How Derivatives Ravaged the U.K. Bond Market | WSJ
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October 5, 2022
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4:15Now PlayingTurmoil in the U.K. bond market created a feedback loop that left investors like pension funds short on cash and rippled out into other markets. WSJ’s Chelsey Dulaney explains the type of investment at the heart of the crisis.
Illustration: Ryan Trefes
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