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Podcast: Lykken on Lending
Episode: "I Can't Tell You Why" Margins Fell Apart - Macro Market Update by Les Parker
Description: 05-05-2025 "I Can't Tell You Why" Margins Fell Apart--------------------Look at the markets, up all nightTearing our loans apart.Market chaos rips margins. Most hedgers can’t tell their superiors why the margins fell apart, forcing them to manage budgets dangerously.Buyers bought 4.44 in the 10-year yield, leading to a bear trap and reviving the Bulls. Look for a sub-4% in the 10-year yield as it gains momentum. So, our 10-year yield target of 3.60 is back.Every time, hedgers go sideways.Something ma...