Fed policy action will have a bearing on risk assets and global liquidity, says Amit Tripathi, CIO-fixed income investments, Nippon India Mutual Fund. In an interview with Samie Modak, Tripathi says given the possibility of near-term volatility, investors must choose products in sync with their investment horizons.

       Edited excerpts: The 10-year government yields have risen sharply since May. Do you expect them to harden further? The unexpected rise in headline CPI was the first trigger that unsettled the markets. Three follow-up factors — a faster recovery after the second ...