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AGNC Investment's 14.3% Yield Is A Hold
AGNCAGNC(AGNC) Seeking Alpha·2024-07-31 04:49
ryasick Inflation continued to moderate in the month of June and the Fed is moving closer to its ‘pivot point’… the point at which it will reduce the federal fund rate and provide relief to those investment companies that rely on a lot of debt to buy mortgage securities. AGNC Investment (NASDAQ:AGNC) is set to be one beneficiary of this changing federal fund rate trajectory, which could be a catalyst for the company’s large mortgage-backed securities portfolio. AGNC reported slightly weaker than expecte ...