Is the outstanding performance of Irish debt this year reflective of an EU rescue success story...

|By:, SA News Editor

Is the outstanding performance of Irish debt this year reflective of an EU rescue success story or the bullishness of one large investor? Michael Hasenstab's Templeton Global Bond Fund has emerged as the gorilla in the thinly traded market, a "major driver for Ireland's performance," says a rival fund manager. It's a hero play thus far, but who will buy if a quick sale is necessary?