Dynex: Maintaining Hold, Despite An Enhanced Asset-Liability Relationship

stanciuc Our coverage today revisits our stance on Dynex Capital, Inc. (NYSE:DX), a mortgage REIT we last covered in February. Back then, we assigned a Hold rating to the asset due to a forecasted drop and economically driven inversion of the yield curve. As shown in the following diagram, our rating history on Dynex is quite accurate due to our successful outlook/s on mortgage rates and funding costs. However, additional events have occurred within the economy since our latest coverage, prompting us to upd ...