I use message board sentiment as a way to gauge when the "last of the suckers" are in the game. Judging by how people are buying into AGNC not knowing the components of what makes the yield and the risks involved tell me I'll look to buy back in the 25 range this quarter.
This has not dropped enough from the divi date, and there is growing risk and pressure to raise short term rates forming as commodities continue to go up.
Fed Ben can exclude food and energy from inflation for the propoganda machine if he wants, but what else really inflates?
That's like someone saying they are millionares because they have a million dollar house (in asset value) w/o factoring in the 900k of debt against it.
You really think the dividend is safe as long as an annuity? There is too much leverage here for long term stability, plus sooner or later the fed will be forced to raise interest rates, which will be the death kill for most MREITS.
Then you lose your principal and income stream dividend, or it is drastically reduced at least.