That's pretty much what I've been arguing.
Your assertion was not about the price of AGNC. It was about the short-term rate. These two topics are related, but they are not identical.
So a guy whose cash constitutes one of the bigger lenders contributing to government debt over the past 3 decades is now whining that the government borrows money?Seriously, why hasn't someone broiled and eaten this chuck steak?
His FNM and FRE preferred's nearly did cook him.