G-sec yield surge hurts long debt MFs

But the spike in yields is also creating opportunities.

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"The first phase of the rise in yields largely pertained to demand-supply issues in the long duration. But lately, there is general fatigue in the market with respect to absorbing bond supply. This has opened up attractive valuations not just at the long end, but also elsewhere on the yield curve," said Choudhary, adding that his current preference is for 14