As yields head north, time to exit long duration debt funds

As yields head north, time to exit long duration debt funds

Bond yields rose after finance minister Nirmala Sitharaman, in the budget on Tuesday, announced a fiscal deficit target of 6.4% for next year and increased capital expenditure of ₹7.5 lakh crore. The 10-year benchmark rose 19 basis points in the last couple of days and touched 6.88%. It has risen by 100 basis points over the last year. Fund managers expect yields to continue their upward march in the next year.

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