06-03-2024 “Suite: Judy Blue Eyes” Hesitation, Higher Yields, or More Interest. Hard Choices.
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It’s getting to the point, Jay is no fun anymore. He is sorry.

Recent Treasury auctions show investor hesitation to buy. Do they expect higher yields? The low appetite, coupled with the higher-for-longer Fed policy, will cost the high-debt US federal government more interest.

According to projections by the OECD, an intergovernmental organization with 38 member countries, US gross debt will exceed 200% by 2040 if policies remain unchanged, and Italy will barely be worse.

Bears are yours, Bulls are mine, Fed is what it is. Jay makes it hard.
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Song: Suite: Judy Blue Eyes (1969) Crosby, Stills, and Nash

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.