Doom loops and margin calls: 10 terms that explain the market meltdown

Your one-stop shop for all the jargon you’ve been reading since Kwasi Kwarteng’s mini-budget

Kwasi Kwarteng’s mini-budget has gone down badly in the financial markets. Mortgage rates have risen and the Bank of England has been forced to step in to halt a run on pension funds since the chancellor announced his policies on Friday.

The picture is complex and fast-moving, and the jargon used to explain it leaves much of the public feeling more confused. Here we examine 10 of those frequently bandied-around financial terms and concepts and explain what they actually mean.

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