Not good news for MTGE and AGNC.
3.5 FNA is priced at about what it was at the start of Q2 now.
If it keeps fadding they are going to have another quarterly loss on the dollar rolls
Yes mbs is tanking. Like off a cliff. Also interest rates on all fronts spiking higher and I can see the hedges are working this time though.
Bottom forming in mbs. Check it out. We are off the lows. Maybe it will recover before close. LOL. Flash crashes suck.