Bond Market Warns Wall Street’s Rosy Forecasts Are All Wrong
- Deeply negative U.S. 10-year real rate shows investor concern
- Meanwhile, private forecasters are lifting 2021 growth outlook
This article is for subscribers only.
Fixed-income types can be a dour bunch, who see bad news in the best of times.
But even they haven’t been this skeptical about Wall Street’s rosy forecasts for U.S. economic growth in nearly a quarter-century.