actually the UK & Europe Govt have not yet demonstrated support for their banking system yet...
last year they did have to bail out the pension funds.
(collapsing bond prices a few months ago, caused by zero interest rates, have caused problems hey? bonds are supposed to be the boring stable area of the investing world)
at this stage my bond ETF has been rock solid (small gain) but that will end if rates increase more than expected.
still the increase in my bond prices last 2 days suggests that a pause in rate hikes might become a reality?
... interesting times - sharp rate increases are causing tremors
(20min delay)