The price gains we have seen on many investment trusts in the past few weeks suggests that it was reasonable to highlight the potential for discount narrowing couple of months ago, even if I was a week or two premature in doing so. Falling bond yields and narrowing discounts is a potent backcloth for investment trust investors, and an encouraging one for the equity markets too. With inflation figures falling, it seems likely that we will have another end of year equity market rally, absent further bad news on the geopolitical front. Although some of the movements have been striking,  there rem...