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

pulse

June 22, 2017 3:27 PM

The Fed’s Survey of Professional Forecasters for 2017 showed that Wall Street was expecting the 10-year yield to rise to 2.90% over the next 12 months.

A fortune teller gazes into her crystal ball.

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.

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