"Our biggest competitor for assets is the Fed," says CYS Investments (CYS) CEO Kevin Grant on...

|About: CYS Investments, Inc. (CYS)|By:, SA News Editor

"Our biggest competitor for assets is the Fed," says CYS Investments (CYS) CEO Kevin Grant on the earnings conference call, describing what may be becoming a frothy mREIT sector as yield-starved investors elbow out not only each other, but the central bank.