t_kimura Quarterly BV Fluctuation: Nearly an Exact Match (At or Within a 1.0% Variance). Core Earnings/EAD: Minor-Modest Outperformance (High End of Projected Range). An "as expected" quarter regarding Annaly Capital Management, Inc.'s (NYSE:NLY) BV, in my opinion. If anything, a very minor outperformance. NLY's minor quarterly BV decrease was slightly less severe versus my projection. NLY very slightly increased the company's on-balance sheet fixed-rate agency MBS sub-portfolio. In comparison, I projecte ...