Jul
12
For Wall Street Bond Strategists, There’s Wrong and Less Wrong
By-
Treasuries’ surge to record-low yields confounds forecasters
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From Goldman to BofA, almost no one saw this rally coming
If at first you don’t succeed, revise, revise again.
That’s become the mantra of Wall Street’s bond-market forecasters this year. Stephen Stanley knows how frustrating it’s been. The chief economist at Amherst Pierpont Securities LLC has cut his Treasury 10-year yield forecast five times, to 2.2 percent from 3.6 percent…
For Wall Street Bond Strategists, There’s Wrong and Less Wrong
