Lykken on Lending

"Right Place, Wrong Time" In The Fed World - Macro Market Update by Les Parker


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09.08.25 "Right Place, Wrong Time" In The Fed World

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Rates in the Right Place. But they fall back at the Wrong Time. Pipelines are in a bad place. But it could be a good time.

The 10-year yield reached our minimum target of 4.11 and came within 6 bps of 4.01, the major resistance level. Taking it out sets the stage to reach our bull target of 3.80.

What support is needed to reach it by the end of September? Weak US jobs, which lacks inflationary pressure, helps the Fed ease on September 17. However, the big push to lower rates will come from deteriorating economic indicators in Europe and growing discontent with the European Union’s unfavorable policies.

We living the Fed world. But it seems so wrong, wrong, wrong, wrong, wrong.

These views are mine. See the right move for the wrong times at TMSpotlight.com.

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Song: Right Place, Wrong Time

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Lykken on LendingBy David Lykken

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