Why Did Bank of England Have to Prop Up Bond Market?

Britain’s central bank stepped in Wednesday to shore up the country’s bond market, warning that U.K. financial stability could come under threat from a huge run-up in yields. Once again, a bout of market stress appears to have exposed an underappreciated buildup of risk—this time, in the supposedly staid area of retirement funds.

Here is a rundown of what is happening.

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