This is so annoying... it's almost 4:30.. come onnn. I wanna see what happened in Q4 stop delaying. I don't want to wait for the earnings all night.
huge sell off in mbs yeah... i think you use this opportunity to sell as the 10 yr is likely to move back to 3% or higher soon enough. Then you buy back dirt cheap.
out of CHMI. made $127. I think this is going to be a while.. i'll have to buy over a period of days... definitely not paying more than $18.50 though.
NLY and AGNC will get a bump on the back of CYS and yellen tomorrow most likely. So watch for that possibility to unfold.
CHMI would be a buy and hold investment, not a trading vehicle. If you wanna trade large blocks, NLY and AGNC are the best. CHMi is set to capitalize on rising rates, and the NAV will fall if rates drop like they are today. The economy seems to be weakening.
No alkkov... I just felt this topic needed it's own #$%$ post. This is crazy and seems stupid.. better to buyback own shares yes but other mreits that have underperformed yourself??? #$%$?
how is a 50 bp move small? q3 was at 2.61 on 10s and q4 end was just over 3 pct. see q3 sensitivity analysis on old presentation.
$237 Million Investment in Mortgage REIT Equity Securities as of Dec 31, 2013
Consists of common stock investments across the agency mortgage REIT sector
Increased to approximately $400 million as of January 31, 2014
The earnings were better than expected. 0.75 vs 0.65 and the book was suppose to be down 5% cuz the 10 yr bond was at 3% vs Q3's 2.61%. Currently the yield is 2.57% on the 10 yr now in Q1.. and the duration gap moved from 0.9 to 1.5. Book is up over 10% in Q1 basically.. because gary took a big interest rate bet at the end of Q4.