• A decade or more of zero or negative interest rates, combined with quantitative easing (QE), has resulted in a mispricing of risk over a prolonged period of time across many asset classes 
• But, trouble was coming anyway for leveraged pension funds as Gilt prices fell in the face of the prospect of QT, not to mention high inflation which also weighs on long-dated bond prices
• All this is now unwinding as monetary conditions are tightened and borrowing costs surge .
• The lessons from the past decade of extremely loose monetary policies comprising, zero or negative interest rates and QE are clear ...
• This week, the UK will remain in focus, with a number of key data points due for release ...
• In the US, industrial production data for September will feature
• In the Eurozone, the final reading of HICP is set to confirm prices rose by 10% y/y in September ...

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