The upward pressure on rates that caused Q1's losses has reversed, says AGNC CIO Gary Kain on...

|About: AGNC Investment Corp. (AGNC)|By:, SA News Editor

The upward pressure on rates that caused Q1's losses has reversed, says AGNC CIO Gary Kain on the earnings call, and the decline in book value partly reversed in April (don't speak too soon Mr. Kain, the 10-year yield is up 10 bps today). Kain has taken advantage of lower MBS prices to add to the company's portfolio. Prepayments and dollar rolls remained benign in Q1, and Kain expects them to remain so. (slides)