Wall Street has been brutally wrong when it comes to making one of its most important predictions

Published: 22/06/2017
Wall Street has been brutally wrong when it comes to making one of its most important predictions
Source: UK.BUSINESSINSIDER.COM

Wall Street strategists have been brutally wrong when it comes to making predictions for the 10-year yield, one of the most economically important interest rate benchmarks — used to set the rates on mortgages and other loans. The Fed’s Survey of Professional Forecasters for 2017 showed that — heading into the second quarter — Wall Street was expecting the benchmark yield to

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