Annaly's (NLY) bid for the rest of CreXus (CXS) - a player in the CMBS market - shows the...

|About: Annaly Capital Managemen... (NLY)|By:, SA News Editor

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.