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After a strong 2010, the hard work now starts for bond investors: Caveat Lector column

Strong portfolio returns in 2010 may come back to haunt fund managers next year: it would only take a modest fall in the markets to wipe out investors’ wafer-thin cushions

yogi-berra
Investors may feel “it’s like déjà vu all over again” – Yogi Berra

Yogi Berra, the legendary baseball player and manager, left not only an enviable batting record but some of the most memorable quotes of any sports star. Two utterances in particular should have particular resonance with bond investors: “If you come to a fork in the road, take it”, and “It’s like déjà vu all over again”. Credit markets are faced with both of these situations as 2010 draws to a

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