My plan for Wednesday, exit MLPs, enter (more) AGNC
Keep in mind that NLY CPR 2Q was 19%, you may find 3Q CPR 22-24%. 2Q leverage was up slightly over the previous quarter however NLY is very conservative and I would guess a decrease in leverage in 3Q. NLY Core may suffer much more than AGNC. There has been a shift in management so earnings will be interesting but not interesting enough for a long position for me.