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Podcast: Lykken on Lending
Episode: Bonds are "Breaking the Habit" - Macro Market Update by Les Parker
Description: 01-20-2026 Bonds are "Breaking the Habit"----------------------Memories consume the breaking of the woundIt’s picking bulls apart again.The bears won Friday in Treasuries, while mortgages remained steady as they await details on GSE buying. The chatter over Fed independence is irrelevant. The Fed follows Bonds. And when they run their failed experiments, like Quantitative Easing, who holds them accountable? Only the bond market.Expect the 10-year yield to find buyers between 4.25 and 4.35. The global questions around war, growth, and inflat...