HomeFinanceUK finance minister Kwarteng commits to look at gilt market turmoil

UK finance minister Kwarteng commits to look at gilt market turmoil

LONDON, Oct 11 (Reuters) – Finance minister Kwasi Kwarteng on Tuesday committed to work with regulators to understand what has happened to the market for long-dated British government bonds in recent weeks, with a particular focus on the role of pension funds.

“We will be absolutely committed to getting to the bottom of what’s happened in the long – particularly long-dated gilt market where it’s been over-levered over the last few weeks,” he told parliament.

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Reporting by William James; editing by Sachin Ravikumar

Our Standards: The Thomson Reuters Trust Principles.

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