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7.17.23 “Tom Sawyer” Will the 10 Yr Yield Be Adventure or Mishap?

Inflation warriorMean, old hawk.Today’s Tom Sawyer

Mean, new doveAre aggressive hikes gone? Last week, the market presumed Doves won as hawkish Jim Bullard resigned as St. Louis Fed President to lead Purdue’s School of Business. Buyers buy because they confidently expect a recession and steeper curve to drive mortgage rates down.Despite the resulting dip in rates, the Bear trend holds. But to defend it, the 10 yr yield must sustain 3.72. Otherwise, expect the Bulls to attack its 3.59 reverse point. So, watch for messy change ahead. We know trends aren’t permanent.

But change is————————Song: Tom Sawyer (1981) Rushhttps://www.youtube.com/watch?v=auLBLk4ibAk

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Les Parker, CMB

Former senior vice president of a national technology and service company.

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.