For once, the bond market is mimicking the equity market and witnessing a rally of its own. The yield on the 10-year benchmark government bonds have softened substantially. Declining yields mean bond prices are inching upwards, since bond prices and yields move in opposite directions. Where does that leave investors in bond funds?
For over a year, debt fund investors held on to long duration funds in anticipation of the interest rates softening. When interest rates fall, bond prices ..
