Loading ...As investor Larry McDonald says in this Marketwatch article, “things are breaking.” From the article:
Pointing to the bond-market turmoil in the U.K., McDonald said government bonds with 0.5% coupons that mature in 2061 were trading at 97 cents to the dollar in December, 58 cents in August and as low as 24 cents over recent weeks.
When asked if institutional investors could simply hold on to those bonds to avoid booking losses, he said that because of margin calls on derivative contracts, some institutional investors were forced to sell and take massive losses.
https://naturalnews.com/2022-10-12-global-debt-markets-are-breaking-pension-collapse.html