LIC Mutual Fund trims debt maturities, invests in 5-year notes as bond rally ends, central bank signals rate cut pause.

• 10-year bond yield expected to trade at 6.15%, 6.30% medium-term after recent 4 bps rise.
• Short-term CDs at 6.40%-6.50% offer strong returns vs. the 5.50% repo rate.
• Corporate bonds 2-3 years favored for attractive yields over overnight funding rates.