Fears over 'fire sale' of assets are overstated despite UK rates challenge

Fears over fire sales of quality assets have been largely overstated despite significant rises in yields over the past week, key industry figures say. While the theory of rising rates triggering capital calls and the possibility of liquidity problems was valid, the reality had been overstated and there had been "no crisis management required". Russell Investments head of strategic client solutions David Rae said: "I think the reality of fire sales of quality assets is largely overstated." He added: "Our experience over recent days with UK corporate defined benefit clients is that t...