Unable to take duration call? Consider investing in a dynamic bond fund

But these funds can underperform if the fund manager's calls go wrong

The debt market could be volatile in the coming days. The interest-rate outlook could also change rapidly. Investors who find it difficult to deal with all this uncertainty may consider investing in a dynamic bond fund.

Inflation versus recession fears

At present, central banks are hiking interest rates and withdrawing liquidity to rein-in high inflation. This policy could tip some developed-world economies into a recession. This could, in turn, lead to a further fall in commodity prices, and hence inflation, leading to an early end to the rate-hike cycle. But if commodity prices continue to rise, central banks may have to