But like I said we knew the economy is getting better and interest rates were going to rise . So nothing new here the stock readjusted and should now not be reacting each time there is news the economy is better or the 10 year moves up. BTW the 10 year will never be at 4 or 5% any time soon not by least for 2 or 3 years . The economy is not that good and would never be able to sustain such rates.
agreed, but the last time we were at 4 - 4.5% on the 10 year, NLY was much higher. That goes to the argument that there's way too much leverage out there, and people are getting margin calls left and right.