Bond yields rise by more than 6%. What Does This Mean For Your Debt Mutual Funds? – Livemint
Yields on benchmark 10-year bonds fell to around 6.2%, levels last seen in May of this year. As a result, long-term debt UCITS have experienced a drop in their net asset value or NAV. The most affected categories were long-term debt funds, golden funds and medium to long-term funds which fell by 2.40%, 1.91% and 1.48% respectively in the last month when the yields increased by around 40bp. 1…