Annaly Capital's Easy Money Is Gone - But The 12% Yield Isn't

Core Viewpoint - Annaly Capital Management (NLY) is rated as a Hold, with a leaning towards Buy for long-term investors, due to expected improvements from yield curve steepening [1] Group 1: Analyst Background - The analyst has over 20 years of experience in quantitative research, financial modeling, and risk management [1] - Focus areas include equity valuation, market trends, and portfolio optimization to identify high-growth investment opportunities [1] - Previous role as Vice President at Barclays involved leading teams in model validation, stress testing, and regulatory finance [1] Group 2: Research Approach - The research is co-authored with a partner, combining complementary strengths to provide high-quality, data-driven insights [1] - The approach integrates rigorous risk management with a long-term perspective on value creation [1] - There is a specific interest in macroeconomic trends, corporate earnings, and financial statement analysis to generate actionable investment ideas [1]