DNY59
AGNC Investment Corp. (NASDAQ:AGNC) is a bond fund with a REIT tax structure. It specializes in owning mortgage bonds, or mortgage-backed securities (MBS). This hasn’t just been a tough year for bond investors like AGNC – it’s been historically awful.
Analyst’s Disclosure:I/we have a beneficial long position in the shares of AGNC either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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