AGNC Investment Corp (AGNC)

[big-yank]

The interest rate upticks have surely affected mReit S/P's as the entire sector is pretty much down. The likely congessional action to wind down Fannie & Freddie will become the long term driver for agency-backed paper, IMO, and not in a positive way.

I believe that the pending Federal action is what has been driving the share volume over the last few weeks as institutions begin trading out of mReit's in advance of potentially extreme volatility and concern over what sort of private sector backing will replace taxpayer funded guarantees.

http://www.corker.senate.gov/public/index.cfm/2013/6/wall-street-journal-fannie-freddie-future-finds-a-focus

GLTA