Show notes:
TMSpotlight:
08-04-2025 “You Know My Name” Bonds Know the Game!
————–
With the loss of jobs, do you know what Fed gives? Odds are you won’t like what it is.
Last Wednesday, the slow-to-ease Fed became the soon-to-ease-slightly Fed, but by Friday, the Fed had lost control. A voting member resigned as the market screamed to the Fed, ‘You will ease in September.’
The drama of shooting the ‘weak jobs’ messenger or firing a liar whose figures lie is irrelevant to fixed-income markets that rely on much deeper and wider statistics than the BLS. The bullish trend and fresh momentum in the 10-year yield affirm our target of 3.80. So, does corporate pricing power disappear amid 3% US GDP and weak Job Growth?
Bonds know the game.
These views are mine. Catch the game at TMSpotlight.com.
——————–
Song: You Know My Name (2006)
The Lykken on Lending program will feature our Weekly Mortgage Updates with Adam DeSanctis and his MBA Mortgage Minute, and then Les Parker’s TMSpotlight, a macroeconomic perspective on the economy with a music parody. That leads to Matt Graham of MBS Live providing you a rate & market update, followed by David Kittle, Chief Executive Officer @ Cypress Mortgage Capital, to discuss mortgage originations. Then we have Alice Alvey of Union Home providing a regulatory & legislative update, then Allen Pollack giving us a Tech Report on the latest technology impacting our industry. Finally, we wrap up the first half of the program with Marc Helm, Senior Executive Partner @ Transformational Mortgage Solutions, talking about Loan Servicing and the “Agencies”.