Capstead Mortgage (CMO -1.2%) is downgraded to Neutral at Macquarie, which clearly is no longer...

|About: Capstead Mortgage Corpor... (CMO)|By:, SA News Editor

Capstead Mortgage (CMO -1.2%) is downgraded to Neutral at Macquarie, which clearly is no longer a fan of the sector, having recently downgraded Annaly and American Capital Agency as well. Capstead differs from those 2 giants in that the majority of its MBS portfolio consists of variable-rate paper.