ORANGE COUNTY, CA—Every year since 2011, CBRE SVP Philip D. Voorhees and his team gather clients and investors together to play a rousing game of Pin the Yield on the Treasury. The game asks professionals to estimate, or predict, what the 10-year Treasury yield will be at the close of December 31—for a grand prize of a $1,000 American Express gift card. Last year, the winner, Michael Gusich of Everest Holdings, came within .012% of the year-end number. To find out more about the annual competition and the importance of tracking the Treasury yield, we sat down with Voorhees for an exclusive interview. Here is what he tells us:

GlobeSt.com: What is the 10-Year Treasury yield?

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