----------------------- Bonds saw The Sign, and it opened up their eyes.  They saw The Sign.  Bears are demanding without understanding.

Another week brings another attack on recent high yields but with no breakthrough above the pre-financial crisis resistance of 4.40 to 5.35 in the 10 yr yield.

Is growth Konjunktur or Wachstum? The first German word describes economic cycles, while the latter expresses long-term growth.  To address long-term problems requires defining problems.  Rate cycles impact home lending, yet lenders thrive using tech to create a great UX and deliver high-quality loans to investors.  Are you bitter or getting better? --------------------------- Song: The Sign (1993)  Ace of Base          
https://www.youtube.com/watch?v=iqu132vTl5Y

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.