India, May 27 -- Global financial markets are witnessing volatility. With crude oil prices putting pressure on the rupee and global interest rate trajectories remaining uncertain, bond yields have shown and upward trend on the recent past. In an exclusive interview, Marzban Irani, Chief Investment Officer - Debt at LIC Mutual Fund, shared his insights on how these macroeconomic changes impact local bond markets, what index inclusion means for long-term capital and why accrual focussed investment strategies for shorter durations are a safer choice for retail investors seeking stability in their portfolios. Some edited excerpts.

Q. Global bond yields remain volatile amid changing US Fed rate-cut expectations. How do you see this impacting ...