Our equity focus page looks at the link between equity styles and US Treasury yields, as well as corporate margins. The left-hand chart plots the performance of US value stocks vs. growth stocks against Treasury yields. Typically higher yields are supportive of value stocks on a relative basis. The right-hand chart looks at the proportion of companies planning to raise prices, and those planning to raise wages. While limited labour supply is pushing up wages, many more companies are planning to raise prices, which bodes well for corporate margins.