A $2 Trillion Inflation-Linked Debt Headache Arrives.

A normally boring corner of the UK investment market is wobbling, highlighting the potential trouble ahead for corporate debt exposed to inflation. Still, companies with high levels of floating-rate and inflation-indexed debt may end up needing the most relief, and may find themselves with few options for fixing their trouble. As central banks hike rates to tame inflation, companies have faced immediate hits in at least two ways: they're paying more interest on their floating-rate debt, and their inflation-linked obligations are growing bigger. [Extracted from the article]