There is setback in the world of investments. Equity markets are volatile, bond interest rates are moving up, gold is not shining, crypto coins are vanishing.
In fixed-income investments, however, there is a one-to-one correspondence between interest rates going up in marked-to-market products and your accrual level moving up. To illustrate this, in debt mutual fund schemes, Net Asset Value (NAV) is computed every day, which is done at the valuation yield level of that day.