The mortgage REIT sector ticks down on news the Fed is reloading to flatten the yield curve even more. The mREITs make their living off of a steep curve, levering up to borrow short and lend long. Two popular ones: AGNC -1.1%, NLY flat (but both lower than before the announcement). [View news story]
The mortgage REIT sector ticks down on news the Fed is reloading to flatten the yield curve even more. The mREITs make their living off of a steep curve, levering up to borrow short and lend long. Two popular ones: AGNC -1.1%, NLY flat (but both lower than before the announcement). [View news story]