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Market moves: Liz Truss sacks Kwasi Kwarteng, with Jeremy Hunt installed as chancellor; JPMorgan estimates market-to-market losses from liability-driven investment derivatives could hit $167bn (£149bn); and schemes rush to prepare as the Bank of England ends its bond-buying programme.

Benjamin Mercer | October 14, 2022

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Kwarteng out as LDI derivative losses set to hit £149bn

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Kwarteng out as LDI derivative losses set to hit £149bn

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