CYS Investments (CYS -4.1%) leads the mortgage REIT sector lower after last night's earnings....


CYS Investments (CYS -4.1%) leads the mortgage REIT sector lower after last night's earnings. "The opportunities ... are quite a bit narrower," says CEO Kevin Grant on the earnings call (transcript), with the net interest spread of 108 bps "a pretty good indicator" of such. On a hopeful note, he thinks D.C. may be turning its focus to the non-agency market, which would take some pressure off agency players such as CYS.

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  • TwistTie
    , contributor
    Comments (2429) | Send Message
     
    I advised my wife to buy this one a few weeks ago.

     

    I'll be looking for a place to stay tonight.
    7 Feb 2013, 02:20 PM Reply Like
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