If you could read my mind, you'd have known you'd only get abuse by returning.
Of course you can't read my mind, but you knew you'd get abuse by returning, and you returned because you enjoy it.
yourbestfriendintheworld I had to show you that the chart of AGNC was in a downtrend. You made ignortant remarks and denied it. Your simple mind is so easy to read. You help me make money.(:=0]
I just got back from a great day of golf and you have really been busy, sowing entropy...look it up.
Besides your half truths, not having inside knowledge of what pools of MBS AGNC holds( if you know we are all ears), not showing the total number of GSE production, not therefore knowing how you get your 40-50% numbers......
We know about the flattening of the yield curve. We have already heard discussion of how AGNC has hedged for this event, and the belief that their portfolio of MBS comprise a high percentage that won't be refi'd.
Now, the bigger question. Why are you all of a sudden the "town crier" warning all of us "little people" about the imminent collapse of our holdings in AGNC?
Inquiring minds don't even want to know...we've already guessed...
They are both wrong.
THe FED is committed to TWIST, and o buymore MBS for thir own balance sheet.
this is DOUBLE bad news fir MBS REITs.
the FEds schedule for reinvestment of MBS principal (released last week) shows them buying 40-50% of all new GSE production. The otherMBS REIts and privae buyers are going to have a MUCH harder time finding MBS to replace the REFIs that TWIST, the other program is creating.
TWIST buys the securities that MBS price off of, lowering your yield yet again, while SELLING shorter term securities that represent your funding costs.
wake up, the FED is now the ENEMY of MBS REITs.
As long as the FED maintains a relatively stable interest rate environment and wants to stimulate the housing market,
the Areits are their friends, doing the FED’s work (and what should have been the work of the Congress).