Your pension fund decides to invest in various things that are interest rate sensitive, or maybe foreign investment that bring exchange rate risk. In order to get predictible returns in the currency … (View Post)

I think less, but a hell of a lot more than 0, which is really not a place we want to be. (View Post)

Yes, it’s now council housing (I think) on the left bank & college accommodation on the right bank these days. (View Post)

How were you going to tell the difference between the “vulnerable” and the “non-vulnerable” exactly? Half the working age population over 45 probably has some factor that increased their covid risk (… (View Post)

& if they used those bonds as collateral for interest rate swaps or other financial instrucments, their counterparties expect them to post more liquid collateral which they a) might not have and/… (View Post)