Is Carney spooking markets unnecessarily over rate rise sell-off?

BoE governor has spoken to fund groups about risks

Things are getting serious if Mark Carney, governor of the Bank of England, is warning investment managers about a potential sell-off and a squeeze on liquidity, but are markets really in danger?

Last week, it emerged Carney had been privately speaking to 135 of the UK's largest fund groups about their plans in case investors begin rushing for the exit following an interest rate rise. Carney tells fund giants to prepare for sell-off as rate rise looms Over the past few weeks, a number of similar warnings have been seen on liquidity, especially in relation to bond markets, which are particularly vulnerable to rate rises. But let us not forget the rise, when it comes, will be slow and steady, and is already well anticipated by the market. In addition, the latest rhetoric f...