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WATCH: Global Bond Issuance Hits Record of Nearly $600 Billion

Federal Reserve officials start to diverge on interest rates, Wall Street faces skyrocketing pay and bonds are back in vogue. — Kristine Aquino

Fed policy makers are starting to show differing opinions on the path for US interest rates this year. Two voting regional governors have backed moderating the pace of rate rises, while two other Fed officials have stated a preference for additional hikes. Dallas Fed President Lorie Logan and Philadelphia Fed chief Patrick Harker laid out the case for easing the Fed's hiking campaign in comments on Wednesday, which followed a weak retail sales report. Meanwhile, St. Louis Fed chief James Bullard and Loretta Mester of the Cleveland Fed — also speaking on Wednesday — stressed the need to keep policy restrictive for longer.