Longer term my original argument that MREITs such as AGNC would benefit by continued QE, with LT rates risng faster than the suppressed ST rates, remains intact. However BA, BY and obviously many in "the market" have overreacted and trashed the sector.
Heres the take from today "The 6.5 percent level is significant because the Fed has said it plans to keep the short-term interest rate it controls near zero at least until unemployment falls that low. The Fed thinks that level could be reached by the end of next year"
I will watch for this to rectify and hopefully take advantage of an apparent over reaction IMO.
Al
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