Show notes:
TMSpotlight:
08-25-20.26 The Bond Market Is On “Fire”
——————
Fire (ouch): The way news walks and talks really sets Bonds off to a four-alarm.
The FT and the WSJ declare the Bond market a FOUR-alarm fire, but if equities reverse, it will be a five-alarm. With all this heat from raging bears, why does the 10-yr remain below 4.80? What drives Bond implied volatility below 10?
When headlines hype fear, but the details reveal global economic malaise, what is a mortgage banker to do? Focus on the mundane.
Do we know bonds’ desire?
These views are mine. Discover what drives rates at TMSpotlight.
——————
Song: Fire (1974) The Ohio Players
Sign up to TMSpotlight by clicking this link: Sign up link to TMSpotlight
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”.