Mortgage REITs recover, led by a bounce Newcastle  (NCT +3.4%) following its secondary,...

|By:, SA News Editor

Mortgage REITs recover, led by a bounce Newcastle  (NCT +3.4%) following its secondary, American Capital (AGNC +2.7%), and Annaly (NLY +1.8%). The sector got "Einhorned" last week when he called it expensive, noting yield-desperate Japanese owned 9% of REITs and were beginning to pull money out.