government bonds are used for collateral allowing banks to go 10-20x leverage. When some of those 10 year bonds lose 25-50% of their value, banks get in big tr

government bonds are used for collateral allowing banks to go 10-20x leverage. When some of those 10 year bonds lose 25-50% of their value, banks get in big trouble. I bet pension funds are a small part of the problem but are being used to save face of the banks, money market funds, and other dealers of bonds.