Rising bond yields have prompted investors to shift to debt funds of shorter tenure from long-duration products. Wealth managers said advancing crude oil prices have raised worries about a spike in inflation, which could lead to yields remaining firm and losses in funds that invest in long-term government securities.
Yields on the benchmark 10-year government bond have risen 8 basis points so far in November to 6.94%--its highest level seen in May—due to the sharp spike in crude oil ..