AGNC: The 8-10% Yielding Preferreds Are Well Suited For Today's Market
AGNCAGNC(AGNC) Seeking Alpha·2024-05-02 02:55

Justin Paget After a very difficult period for mortgage assets since 2022, asset prices have stabilized and even started to recover. In this article, we take a look at one of the bellwethers of the Agency market - AGNC Investment Corp. (NASDAQ:AGNC) from a preferreds perspective. The company recently reported good quarterly results. Book value rose for the second quarter in a row due to the moderation of Agency spreads. ICE Total equity rose a little more due to continued share issuance - 25.1m of new share ...