iShares Barclays Agency Bond Fund (ETF)(NYSEARCA:AGZ
Going higher today... why? because agencies are going higher.. so if agencies are going up in value... why are mreits down? Who cares about spreads if you have $1 book value gains per quarter. Its either you get better spread or you get higher books... It's sad mreits are down this low when its obviously a good environment for them.
Say your farm's property value is rising. But you're having to sell off plot after plot to make the mortgage payment, reducing the crops you can grow and thus continuously reducing your income. Would you call that a favorable environment?