Market Currents
Mortgage REITs like NLY, AGNC, and CYS should show nice gains in book value from increased MBS...
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Friday, October 12, 2012, 2:49 PM ETMortgage REITs like NLY, AGNC, and CYS should show nice gains in book value from increased MBS prices, but Barclays Mark DeVries says the banks may have blown it by spending the money hedging against rising interest rates. Sterne Agee's Jason Weaver disagrees, attributing the recent sell-off to profit-taking. He sees "a good possibility of significant upside surprises."
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