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Domestic mutual funds roll out US bonds as yields hit multi-year high

After Bandhan MFs US Treasury Bond 0-1 year Fund of Fund (FoF), Aditya Birla Sun Life (ABSL) MF has come out with US Treasury 1-3 Year Bond ETFs FoF and 3-10 Year Bond ETFs FoF. US bonds, which generally offer low yields, have turned attractive post the 525-basis point hike in US interest rates. According to Bloomberg data, the 1-year and 2-year US treasury yields now stand at 5.4 per cent and 5.1 per cent, respectively. Although the yields remain lower than what Indian government bonds offer, t...
Mukesh Kochar Uttam Ghosh Rediff Vishal Dhawan Aditya Birla Sun National Head Value Research
Source: rediff.com

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