at Nasdaq.com (Mon, 12:39PM)
Annaly's (NLY) bid for the rest of CreXus (CXS) - a player in the CMBS market - shows the company is not going to sit on its hands as the Fed's QE obliterates returns in the Agency MBS sector. "We may allocate up to 25% of our shareholders equity to real estate assets other than Agency MBS," says Annaly CEO Wellington Denehan. CXS +12.6% premarket.
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