The shift may inject some stability into a bond market that’s been consistently caught off guard by how resilient the US economy has remained as the Fed raised interest rates by five percentage points since March 2022. The dynamic was underscored Friday, when bonds slid after a report showed employers unexpectedly accelerated the pace of hiring in May.
JSW Steel seeks refund of Bhushan Power and Steel-linked payments
JSW Steel wants its money back. The company has asked banks for a refund related to its Bhushan Power and Steel resolution plan. This follows