Amazing that posters here think It will.
The numbers speak for themselves unfortunately and the sound they are making is not pleasant.
we_is_reits: The CC was nothing to get excited about... (It can be accessed dialing :877-344-7529 and entering the access code found on AGNC's website, if one is so inclined)... The take-away was how vulnerable the company is to a sharp/sudden increase in interest rates should the Fed stop Q-E-3, and how they had hedged against it... It gave this uninspiring statement regarding dividend sustainability: "That will be made by the Board after considering BV, UBTI's, market confidence, and market conditions"... On another note it expressed the opinion that "market conditions may remain volatile until the end '13"... (paraphrased because I do not have a transcript in front of me, only notes)... The CC didn't change the numbers upward; instead the p/s has steadily dropped with over 22 million shares traded... The numbers were not pleasant...
actually, the share price BOUNCED back up to 30.66 before the close.
Considering the HUGE amount of trades shared during the day, the stock didn't really drop.. it didn't even hit the previous AFTER HOURS low price of 30.20.
This means that for every seller, there was a buyer willing to buy at current prices.
Told you conf call cannot change the reported results.
Old fogies still fretting about the almost 7% drop in equity.
I'm sure they will not post that "the divi makes up for it".
The reason I am holding and looking to buy is that last Q was very unusual in that low yield fixed mortgage prices went down but hedges like treasuries went the other way. The market has moved back since then and I think the management will point out the current trend in the CC. We have recovered almost half the book value loss since the last Q.