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Revisions galore as bond strategists miss big picture

Yields have tumbled amid global economic and geopolitical surprises that have made the Fed cut rate projections twice, banks revise forecasts repeatedly.

For bond bears in 2016, everything has gone wrong as equity markets faltered early this year as commodities tumbled on concerns that a Chinese economic slowdown would curb global growth.

New York

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...

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