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Friday, 10/28/2022 4:15:56 AM

Friday, October 28, 2022 4:15:56 AM

Post# of 1777
Orchid Island Capital (NYSE:ORC) Q3 results were hurt by declining net interest income and losses on its residential mortgage-backed securities and derivatives contracts during the quarter, the company said Thursday. The Federal Reserve aggressively raised rates, which led to widening spreads between agency RMBS securities relative to comparable duration U.S. Treasurys or swaps.

---The Happy Trader

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