The Bank of England claims that before it stepped in, pension funds were hours away from collapse.

When the Bank of England decided to interfere in the U.K. long-dated bond market last week.

It informed legislators that some pension funds were only hours away from collapsing.

the central bank's Financial Policy Committee intervened to stop a sharp sell-off of U.K. government bonds, also referred to as "gilts."

The bank delayed its planned gilt sales as part of the tapering down of stimulus from the Covid pandemic era as part of the emergency measures.

Particularly for Britain's £1.5 trillion ($1.69 trillion) in so-called liability-driven investment funds

The decline in bond prices led to panic (LDIs). The majority of LDI holdings—roughly two-thirds—are long-dated gilts.


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