Hedge Funds Risk Global Bond Shock, Southern England Faces Drought

• The Bank of England's deputy governor warns that hedge funds' activities could raise the risk of a global bond market shock.
• Severe drought was declared across parts of southern England due to months of low rainfall.
• A minister emphasizes the need to save water as drought becomes the new normal in southern England.
• The drought has significant implications for water supply and agricultural activities in affected regions.
• The potential bond market shock could impact global financial stability and investor confidence.