What a month it’s been! Since Jackson Hole in late Aug, the market has started to break. This week, the US 10-year yield broke 4%. And don’t even get me started on the UK. A very poor set of decisions by the new government led to chaos in the UK Gilt market. That very nearly resulted in Lehman 2.0 in the UK, and forced the Bank of England to step in. For ease of reading, I’m going to structure this as a series of Questions & Answers.