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Podcast: Lykken on Lending
Episode: Jobs are the "Rock Brigade" - TMSpotlight by Les Parker
Description: 09-09-2024 Jobs are the "Rock Brigade"-----------------------Jobs are bangin' on their drums, bangin' on Bonds’ door, wavin' their flags, tellin' Bonds to score. Watch out for the Rock Brigade.On the eve of Fed easing, inversion ended between the 10-year and 2-year Treasury Notes as Job weakness gained momentum. Flash indicators across the globe showed economic sluggishness, with China leading the way.Since January 2023, mortgage rates have reached their lowest level, but more labor data weakness is needed to drop further. With the 10-year...