Mtge trailing agnc which trades closer to book then mtge yet agnc has more losses. Mtge must be too busy scratching dog fleas to rally. Sadly lack of liquidity in mtge compared to agnc has caused a price disparity of $3.00 per share. To make things equal mtge needs to improve to $23 or close to.
Patience, grasshopper. MTGE will rally hard on earnings if not sooner. When the market sees what BV is ($22.50-23) along with duration gap and hedging commentary, it will embrace the near 16% stabilized yield (for now) and the 12% discount to BV (adjusted for the dividend that gets paid next week).