Rough session for mortgage REITs as yields crank higher

• The 10-year yield is up nine basis points to 2.40% and a September rate hike looks to be in play after the BLS reported a job gain of 280K in May and Y/Y wage growth of 2.3%.
• Annaly Capital (NLY -1.2%), American Capital Agency (AGNC -2.3%), Armour Residential (ARR -2.7%), Two Harbors (TWO -2.4%), CYS Investments (CYS -1.4%), Hatteras (HTS -1.5%), New York Mortgage (NYMT -1.2%), Capstead Mortgage (CMO -1.4%), MFA Financial (MFA -1.6%), Anworth (ANH -1.8%), Dynex (DX -1.2%).
• ETFs: MORL, REM, MORT, LMBS
• Previously: Financials on the move as rate hike draws nearer (June 5)
• Previously: Jobs up 280K in May; UE rate ticks higher (June 5)