08-04-2025 “You Know My Name” Bonds Know the Game!
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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.
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Song: You Know My Name (2006) Chris Cornell
The song is the theme from the 2006 James Bond film Casino Royale.
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.