My quess is the Federal Reserve Govenours talking of ending QE and the Sequestor spending cuts starting in the next month. In my opinion if interest rates rise AGNC will panic drop to low $20,that when i will buy back in,MABY.
The fed is simply testing the waters with a notion of GRADUALLY curtailing QE by the END OF THE YEAR. There simply is no way that they are going to induce a rapid rise in rates. Maybe by 2015, rates will start to approach "normal". BTW, AGNC would actually do extremely well once it does not have to compete with the Fed in the MBS market. So, getting the Fed out of the way and having a slight uptick in rates will actually be positive for AGNC. These guys are a lot smarter than the Fed...
All the very best,