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Annaly Capital Management, Inc. Message Board

  • pnlgeorge1 pnlgeorge1 May 29, 2013 10:24 AM Flag

    Mortgage Rates are surging

    According to CNBC web page top story mortgage rates are "surging" Isn't that what we want for a wider spread.

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    • From Seeking Alpha's Breakfast Must Know News:

      U.S. Treasurys stabilize following blood-letting. U.S. bond prices were higher premarket following the carnage yesterday, when the 10-year yield rose 15 bps to a 13-month high of 2.16%. Maybe more troubling for those borrowing short and lending long was a 12 bp jump in the 5-year yield to 1.01% (it's up from 0.65% in a month), and a 4 bp pop in the 2-year yield to 0.28%. It was shoot first, ask questions later for many income plays such as mREITs, utilities and leveraged income funds.

      Sentiment: Buy

10.08-0.05(-0.49%)Oct 21 4:04 PMEDT