Mundy's Moments: What can history tell us about where bond yields are heading?
Analysis of bond market movements
Alastair Mundy of Investec and the Temple Bar Investment Trust
In general, and I speak from bitter experience, it is not much fun being early on a trade - even if that trade is ultimately successful, writes Investec AM's Alastair Mundy.
The dreaded career risk dictates it is better to go with the flow and either go off the edge with everyone else ('performance while disappointing was in-line with peers') or time an exit to perfection. ...
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