08-25-2026 The Bond Market Is On “Fire”
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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.
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Song: Fire (1974) The Ohio Players Used in Cruella
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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.