02-17-2025 “Spinning Wheels” Ride a Fading Rate Trend
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What goes up must come down. Spinnin’ wheel Bonds go around.
An axiom is not always a truism. Yet, last week, rates rose and fell symmetrically for good reasons. CPI came in hot, and Crude Oil turned cold.
Long-term inflation drives long-term rates, and Oil remained bearish fundamentally and technically. 2 to 30-year Treasury yields contain bulls and bears, but do not be surprised to see the 10-year fall to 4.20 as Oil falls below $70 a barrel.
Ride a fading rate trend. Let the spinnin’ wheel fly.
These views are mine. Know what’s up at TMSpotlight.com.
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Song: Spinning Wheels (1969) Blood, Sweat & Tears
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.