US Treasuries

When the relationship between two well-observed and liquid variables in the bond markets reaches multi-year wides, it warrants attention.

Wage pressures increasing

Improving portfolio diversification

Short duration key in current environment

Concerns about rising rates

Last month, the US Department of Labor reported average hourly earnings had increased 2.9% in January. Wage gains, largely absent from the post-crisis recovery, are good news for the economy.

First meeting for Powell

First testimony since taking over role

Issue of 'self-doubt' and over-valued bonds

$38.7bn inflows in Q3