Yes, 100% of economists were dead wrong about yields

From marketwatch.com

Just about six months ago, a headline flashed across the top of MarketWatch’s home page. It read: “100% of economists think yields will rise within six months.” The April 22 report was based on a Bloomberg survey of 67 economists, all of whom expected the 10-year Treasury note 10_YEAR, +1.59% yield — which closed at 2.73% that day — to rise over the following half year. “How quickly we would get to 4[%] was the discussion at the beginning of the year,” said Mohamed El-Erian, chief economic adviser at Allianz SE, on CNBC Tuesday morning. The market, however, has a funny way of leaning one way, just as ... (full story)