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2014 highs for Annaly and American Capital as averages sell off

  • The mREITs (REM +0.2%) aren't as green as one might imagine given the pattern of buying the names on broad market selloffs seen so far this year, but sector giants and leaders Annaly Capital (NLY +1%) and American Capital Agency (AGNC +0.7%) have moved their highest levels of the year late in the session.
  • The 10-year Treasury yield - off three basis points to 2.66% - is within a handful of ticks of its low point on the year. TLT +0.2%
  • Other mREIT ETFs: MORT, MORL
  • Previously: Sharp losses for small caps and tech; money flows into utilities

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Annaly Capital Management, Inc.