I don’t think people understand just how fragile the UK bond market is. Every week, stories emerge about the increased risks linked to the duration, liquidity, and volatility of UK bonds.
This is not just about yields going up or down. The UK financial system, which floats on massive amounts of debt, is inherently unstable.
This week, Bloomberg reports that the Bank of England has already reached the end of its balance sheet reduction. The central bank still has GBP 600 billion of government debt on its balance sheet.
Bonds are NOT Safe. Now, go and have a look at how many bonds you own through your investment advisor, asset manager, private bank, and, of course, your pension fund.
I don’t think people understand just how fragile the UK bond market is. Every week, stories emerge about the increased risks linked to the duration, liquidity, and volatility of UK bonds.
This is not just about yields going up or down. The UK financial system, which floats on… https://t.co/aiWsrQMuEZ pic.twitter.com/HOa38BBY1s— jeroen blokland (@jsblokland) July 21, 2025
