The 10-year government security yield has recently touched 8 per cent, the highest in the last four years. In past three days, the 10-year yield has climbed 11 basis points. Should debt mutual fund investors worry?
Well, for the latecomers, the 10-year yield is the `Sensex' of the bond market. Its movement reflects the sentiment in the money market. A higher yield is considered bad news for debt mutual fund investors, especially investors in long-term debt schemes. Bond yields and price ..