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Only the largest mortgage REITs catch a bid

Published 05/17/2017, 12:51 PM
© Reuters.  Only the largest mortgage REITs catch a bid
IYR
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AGNC
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NLY
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MORL
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REM
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MORT
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  • Political turmoil surrounding the White House has the major averages lower by more than 1%, the banks down nearly 4%, and the 10-year Treasury yield back to its 2017 low.
  • Also at its low (or flattest point) for the year is the yield curve, with the 2/10 spread at just over 100 basis points vs. nearly 140 bps at the start of 2017.
  • REITs (IYR +0.5%) are modestly higher, but while nearly all mortgage REITs are in the red, investors are putting money into the two sector giants - Annaly Capital (NLY +0.8%) and AGNC Investment (AGNC +0.5%).
  • ETFs: MORL, REM, MORT
  • Now read: AGNC Investment: Capital Raise Didn't Change Anything


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