Not bad for us AGNC longs especially since we're trading considerably below cash already -- my back of the envelope says we're close to $35/share BV already.
MY trader tells me the fed is buying up pretty much all the production of agency MBS
about 40-42billion per month is being produced.
Where do you see that article ghost rider?
I find that pretty hard to believe. The MBS going to market has been trending up this year from what I recall.
His interview on CNBC last week -- I was a bit surprised too (since I've been monitoring Agency MBS activity pretty closely on the NY Fed's site)
I wouldn't expect most reading this to understand the forward implication. But I'd say those who shorted CYS are getting the same slow roast after hours right now that AGNC will likely deliver soon.
I don't know why one would short this now but I sure won't miss all their blather on this board when they're gone.
Pretty Funny OL,
I write about it all of the time. Only have to have a draw down like last month to bring out all of the weeds. Just hosing them down with Ortho on every div run. Has worked,... ummm.....let's see..., EVERY Q , so far...;-)
Sentiment: Strong Buy