HSBC made waves late last year with its forecast for the yield on the 10-year U.S. Treasury to dip to 1.5 percent at the end of 2016, at a time when most strategists were expecting a 2 percent to 3 percent range.
Now the bank is making another out-of-consensus call, partially because of its lower-for-longer 10-year yield bet. HSBC is telling clients to look at sectors other than health care, which has been one of Wall Street’s most highly recommended areas for 2016…
HSBC Says Be Cautious When Owning One of Wall Street’s Most Beloved Sectors
