• REIT Analyst
    $AGNC BV = good news for AGNC, but also for mREITs. Hedges do work when they are properly set up.
    7/29/13
    Reply (7)
    • William Packer: Based on it's performance vs peers, I guess one could speculate that $AGNC should trade at a premium to peers. $26-27 seems likely.
      7/29/13
    • Darren McCammon: AGNC, ANH, AI all announced and did better than expected tonight thanks to hedging. I suspect we will see the entire sector up tomorrow.
      7/29/13
    • Positive Concavity: Yes, tomorrow will be interesting. I'm curious to see how much higher than AH prices.
      7/29/13
    • REIT Analyst: Darren, how much higher would you say BV came out vs expectations on ANH or AI? Re. AGNC, I would say expectations were -20%-25%
      7/29/13
    • Darren McCammon: My gut says ANH at 10% discount to Q2 book and AI at 15%.
      7/30/13
    • Not the Boss: REIT Analyst. - You sure called that one right.
      7/30/13
    • William Packer: reit, basis has been on our side most of July.. Do you have an estimate of that impact from 6/30 to 7/30? Thanks (mbs outperforming TSY )
      8/1/13