The Bank of England has intervened in the gilt market due to concerns over pension funds:
https://twitter.com/SamCoatesSky/sta...68642617995264
Quote:
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I'm told by a city source it's hard to overstate how serious the situation is today. There is concern over the health of pension funds and this is why the Bank of England has acted
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I don't actually understand this but economics journalists are saying it's bad.