CD rates have been volatile, but CD shoppers still have 15 options to earn 4.50% or more, including two offers locking in 4.60% for up to 19 months. https://t.co/RVssjCJqlJ ...

(this is also why I'm in the market now to buy a forever, or almost forever, home. they want to aggressively push rates down....which will send pricing sky high...and you can always refi if you want) ...

General Information - The document ID is 1190497.2.2 [1]

Core Insights - AGNC Investment Corp. (AGNC) and Annaly Capital Management (NLY) are leading players in the mortgage real estate investment trusts (mREITs) sector, both providing attractive long-term returns and substantial dividend yields, but differing in portfolio strategies and risk profiles [1] Capital Distribution & Dividend Yield - AGNC has a dividend yield of 15.34% with a payout ratio of 81%, but has not increased its dividend in the last five years [2] - NLY announced a cash dividend of 70 cents per share for Q1 2025, a 7.7% increase from the previous payout, with a current dividend yield of 14.37% and a payout ratio of 101% [3] - AGNC has a share repurchase plan authorizing up to $1 billion of common stock until December 31, 2026 [6] - NLY has a share repurchase program allowing for the repurchase of up to $1.5 billion of common stock until December 31, 2029, but has not executed any repurchases since its announcement [7] Business Model & Portfolio Diversification - AGNC focuses exclusively on agency mortgage-backed securities (MBS), which exposes it to volatility, while NLY employs a diversified capital allocation strategy that includes residential credit and mortgage servicing rights, reducing rate sensitivity [8][11] - NLY's diversified strategy is expected to contribute to long-term growth and stability, allowing it to capitalize on various market cycles [12] Interest Rate Sensitivity - AGNC is significantly affected by interest rate changes due to its concentrated agency MBS exposure, leading to increased borrowing costs and profit margin pressures [13][14] - AGNC's interest expenses surged from $75 million in 2021 to $2.9 billion in 2024, reflecting its vulnerability to rate hikes [15] - NLY's diversified portfolio allows it to better withstand interest rate volatility, resulting in lower increases in borrowing costs compared to AGNC [16] Benefits From Mortgage Rates - Both AGNC and NLY are expected to benefit from declining mortgage rates, with the average 30-year fixed-rate mortgage dropping from 6.95% to 5.80% year-over-year [19] - NLY is likely to see stronger book value appreciation due to tightening spreads in the Agency MBS market, while AGNC may benefit from increased refinancing activity [20][21] Earnings Estimates - AGNC's earnings estimates for 2025 and 2026 indicate year-over-year declines of 11.2% and 3.9%, respectively [22] - NLY's earnings estimates for the same period suggest year-over-year growth of 6.3% and 1.4% [25] Price Performance & Valuations - Over the past year, AGNC gained 12.6% and NLY rose 17.7%, outperforming the industry average of 8.6% [29] - AGNC trades at a forward price-to-tangible book (P/TB) multiple of 1.10X, while NLY trades at 0.99X, both above the industry average of 0.98X [31][34] Conclusion - NLY's recent dividend hike and diversified strategy position it as a more attractive option for long-term stability and growth compared to AGNC, which has faced challenges due to its concentrated agency MBS exposure [36][38]

Our fiscal situation is a 350 pound, two-pack-a-day smoker on the ICU table. The U.S. federal budget is on an unsustainable path. We're going to be broke really quickly unless we get serious about dealing with our spending issues.There's no shortage of voices sounding the alarm about the national debt. America's borrowing levels are currently the same size as the entire economy and are expected to skyrocket from here. That's because the U.S. spends way more than it brings in and then borrows to cover that d ...

Inflation & Interest Rates - Sweden's inflation rate accelerated more than expected last month [1] - This increase in inflation diminishes expectations of an interest rate cut by the central bank in August [1] Economic Impact - The delayed interest rate cut could hinder efforts to support Sweden's struggling economy [1]

Israel’s central bank is set to hold interest rates for a 12th consecutive time, with policymakers waiting to see if the shekel’s recent rally helps tame inflation and paves the way for a cut https://t.co/qHKvPOyYNF ...

The New Zealand dollar’s rally may fade in the second half of the year, as the central bank continues to cut interest rates and the local economy remains sluggish https://t.co/4LnD24k2AR ...

Joint personal loans can help you get more funds and are typically used by family members. A co-borrower has equal access to funds and can help get a better rate. https://t.co/IOwV5YrRGs ...

Your biggest concern at the moment seems to be the appreciation of the euro against the dollar. We were in Sintra earlier this week where the vice president, Mr. . de Guindos, was talking about 120 as the limit.What is your take on this. So I won't comment on my colleagues commands. It's a general rule, but we look closely at the volatility of the exchange rate.It has been significant since the start of the year with a 13% appreciation of the euro against the dollar. By the way, it's not a specific apprecia ...