American Capital Agency (AGNC) gains 2.2% following Monday's earnings release and buyback announcement. Maybe of most interest was a decline in the CPR - not squaring with either the mortgage refinance boom or other mREIT reports. Weeks ago, CEO Kain told all who would listen he wasn't worried about prepayments since much of the company's holdings are backed by less-likely to be refinanced lower loan balance mortgages.
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