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