07-14-2025 “Both Sides Now” Bonds Don’t Know Moves
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Bonds looked at moves from Both Sides Now from up and down, and still somehow, it’s move-illusions, Bonds recall. They really don’t know moves at all.
China’s deflation supports lower rates. Its PPI has been down year-over-year for 33 straight months.
During the new Trump administration, the 10-year rate has risen to 4.80%, fallen to 4.0, and is currently at 4.4. Manage rate risk by adjusting trades to reflect life changes.
Rates really don’t know life at all.
These views are mine. Adjust to life at TMSpotlight.com.
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Song: Both Sides Now (1967) Joni Mitchell wrote it, and Judy Collins recorded it first.
Les Parker, CMB Managing Director, Transformational Mortgage Solutions
Les Parker is the Managing Director at Transformational Mortgage Solutions Advisory Board Member for Ainsworth Advisors; and has served as the Senior Vice President of Industry Relations and Consulting at LoanLogics, a technology and services provider focused on improving mortgage loan quality, performance, and reliability throughout the loan life-cycle. His responsibilities included managing the company’s life of loan analytics and monitoring capabilities, overseeing consulting services, contributing to the strategic planning team, and communicating with industry leaders to develop and maintain positive relationships. He focused on identifying threats and strategic opportunities. Parker has executive mortgage banking experience in capital markets, servicing, operations, production, and financial management. Parker has served as director of the largest private issuer of CMOS. His educational background covers music, religious studies, mortgage banking, mathematics, and business administration. Parker holds a BBA in Finance, and other degrees, and has held numerous securities licenses. Parker is a Master Certified Mortgage Banker, a designation conferred by the Mortgage Bankers Association. Parker writes, speaks, and provides audio content, Since the late 1980s, he publishes a daily newsletter connecting global macroeconomics to the US interest rate movement.