Short-term FDs or long-term lock-in
Short-term FDs or long-term lock-in
Neither a lender, nor a borrower be, goes the adage. In todays rising interest rate scenario, being a borrower can be a scary scenario. Rising EMIs (equated monthly instalments) have been causing a lot of financial and emotional strain on the borrowers. Anyone who has taken a floating rate loan over the last 2-3 years can testify to that.
However, for the lenders, this is a good time to earn handsome fixed returns. For those of you who might have been worried about the volatility in the stock markets, this is the time to check out the fixed income instruments.
Currently the yield curve is almost straight, if not inverted. Hence, while the call rates are around 7.xx% today, the 10 year paper is also yielding approximately 7.xx%.
More : inhome.rediff.com
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