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.
A hold above 22,222 can take Nifty towards 22,775: Analysts
Nifty is stuck in a broader trading range of 21,710- 22,775 for the last 10 weeks, but the major trend is bullish, and every small