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When Interest Rates Rise Fast, Markets Tend to Break: How to Spot the Cracks
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wsj.comCentral banks are raising interest rates at the fastest pace in more than 40 years—and signs of stress are showing.
Recent turmoil in British bond and currency markets is one. That disturbance has exposed potential risks lurking in pensions and government bond markets, which were relative oases of calm in past financial flare-ups.
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