More on Dynex (DX) Q3 earnings: Net interest spread of 2% vs. 2.18% in Q2, 2.43% a year ago. CPR...

|About: Dynex Capital Inc. (DX)|By:, SA News Editor

More on Dynex (DX) Q3 earnings: Net interest spread of 2% vs. 2.18% in Q2, 2.43% a year ago. CPR of 18.7% vs. 16% in Q2. While book value has increased thanks to the Fed's MBS purchases, the flip side, says CEO Thomas Akin, is reduced returns going forward. Roughly 20% of company holdings are in CMBS, which presumably are protected against prepayments. Shares +1.3% premarket. Conference call at 10 ET. (PR)