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Bond funds gone down

As you may know, Long term bond funds fell ~ 2% yesterday and Short term bond funds fell by ~ 1%.
Whats next?
If investors, sorry, savers lose faith in debt funds, start redeeming, there will be more selling pressure and more likely to go down.
Should I continue to hold my debt fund units or sell?

http://www.valueresearchonline.com/story/h2_storyview.asp?str=101433

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