Lykken on Lending

Show notes: TMSpotlight: 9.18.23 Bonds are "Looking Through You" ----------------------- Fed’s not the same.Fed’s lips are moving.  Bonds cannot hear. Jay’s voice is hounding markets with one of these days markets POW to the moon.  The Fed wants the long end to not jump the gun while it jumps the shark.It threatens another tightening … [Read more...]

Show notes: TMSpotlight: 9.11.23 Will There Be Crowing or "Dancing in the Moonlight"? -------------------------- Every trader here is out of sight.  They will scalp, and they will bite.  They keep things loose, Fed keeps things tight.  Everybody was Dancin' in the Job’s light. The Bond bulls and bears dance to new news.  What unexpected data … [Read more...]

Show notes: TMSpotlight: 9.4.23 Decelerating US Economy, "War Pigs" Want Mayhem! ------------------------- Yield curve’s short end hides itself away.  Fed only started the war.Despite the bearish trend, the Fed is stuck with one more tightening, if they dare.  The Bond Bears move with no momentum or conviction.Each round of data adds more … [Read more...]

Show notes: TMSpotlight: 8.28.23 "I Saw The Sign" It Was High Tech ---------------------- 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 … [Read more...]

Show notes: TMSpotlight: 8.21.23 "Rainy Day Women" Who is Getting Stoned Now? ------------------------Data stone you when you’re tryin' to lock a loan. Then data stone you when keeping all your loans. But you would not feel so all alone. Everybody will get stoned. The Bond Bears reign. How can they take mortgage rates to 8%? They throw stones. … [Read more...]

Show notes: TMSpotlight: 8.14.23 How's Your Appetite? "Eat the Rich" ----------------------------- Well, rates moved up last morningOn the wrong side of the tradeAnd now Bonds got to thinkin'About all those things Jay saidAbout rich MBS tradesAnd how they make apps sick.In Japan and Europe, inflation eased, tanking the Dollar and sinking Oil.  … [Read more...]

Show notes: TMSpotlight: 8.07.23 "On Melancholy Hill" May Lower Mortgage Rates ------------------------------ Up on Melancholy Hill, There's a data tree.  Are they here for bears or bulls?The curve believes that the Fed’s restrictive policy will constrain growth and choke off inflation.  Interpreted data drive rates and yield spreads.As a … [Read more...]

Show notes: TMSpotlight: 7.31.23 "Yogi Bear" Oops Boo Boo ---------------------- Chairman Powell is smarter than the average bear;Chairman Powell is always in the trader's hair.At the Banker’s Table, you will find him there,Stuffing down more data than the average bear.What happens to rates for the rest of the year?  The Fed has set up the … [Read more...]