Annaly (NYSE:NLY) benefited from record low funding costs in the 1st quarter which boosted the mREIT’s net interest margin and supported a Q/Q gain in book value. Rising inflation and a
Annaly Capital: Book Value Up, Higher Net Interest Margin, 9.7% Yield
Summary
- Annaly expanded on net interest margin gains in the 1st quarter.
- Net interest margin gains were fueled by higher yields and record low funding costs.
- But headwinds are real and the net interest margin is poised to decline.
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