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msg #125477
Ignore four
10/8/2015 2:02:53 PM

HSBC's Steven Major is out with a bold new forecast.

In a client note on Thursday titled "Yanking down the yields," the interest-rates strategist projected that bond yields would be much lower than the markets expected because central banks including the Federal Reserve were reluctant to raise interest rates.

Major sees the benchmark US 10-year yield, now at 2.05%, averaging 2.10% in the fourth quarter, but then tumbling to 1.5% by the third quarter of 2016. He also lowered projections for European bond yields.
Wall Street guru who has been nailing the interest-rate story just made a jarring prediction for 2016

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