News From Press Opt for long-duration, gilt funds to gain from interest rate cuts

Opt for long-duration, gilt funds to gain from interest rate cuts

Source: Business Standard Feb 8, 2024

The Interim Budget sprang a positive surprise on the fiscal deficit front, infusing buoyancy in the bond markets and bringing bond yields down. The 10-year benchmark bond yield fell by 8 basis points to 7.06 per cent on February 1. Financial advisors believe that debt funds are in a sweet spot.The Interim Budget gave bonds a fresh lease of life as the fiscal deficit and the gross borrowing numbers came in lower than market expectations.

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