PP Investment Conference: Talk of gilt yield normalisation premature says Kames

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The process of gilt-yield reversion will be long and drawn out despite signs this year could be the most challenging year for bond investors since 1994, says Kames Capital.

Fixed income investment manager John McNeill said asset returns for the year-to-date were on a par for the last great bond bear market almost 20 years ago. But he said talk of full normalisation...

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