Pensions match assets to future payouts using leverage and bonds. In 2022, that machine seized in the UK.
Sep 15, 2025
Options that expire the same day are half of all S&P 500 options trading. Dealers hedging them can move stocks.
Sep 8, 2025
Auto loans get bundled and sold as bonds. When borrowers fall behind, the cracks show up in slices.
Sep 1, 2025
