WASHINGTON, Feb 10 (Reuters) - The Federal Reserve on Fridayissued revised macroeconomic scenarios for its 2017 stresstesting programs to correct an error having to do with corporateyields.
The Fed said its previously released hypothetical scenarioscontained incorrect historical values for yields on BBB-ratedcorporate debt in 2016.
"As a result of the correction, BBB corporate yields peak atslightly lower levels in the severely adverse and adversescenarios. The correction also lowered yields in the baselinescenario, but the revision is more modest than for the otherscenarios," the Fed said in a statement.
The Fed on Feb. 3 released a broad description of itscriteria for the 2017 stress tests meant to assess how well thelargest U.S banks would fare in another financial crisis. (Reporting by Andrea Ricci)
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