Posted on 03/23/2020 11:46:17 PM PDT by Vince Ferrer
No doubt noticed by the Fed and likely among the reasons for their emergency action this morning, Annaly Capital (NYSE:NLY) attempted to unload more than $400M of MBS this weekend to meet margin calls, reports Bloomberg.
Apparently there were a number of mREITs (and other leveraged MBS players) doing the same, but Annaly is the sector giant. According to the story, Annaly was able to sell about $100M in non-agency MBS. Shares were off 10.55% in the regular session today; they're up 5.25% after hours.
(Excerpt) Read more at seekingalpha.com ...
Good post. Thanks
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Ass money?
I don’t get it...
Colon dough...?
It will go down in the anals of financial history.
Just wonderfull, I have about 2000 shares of Annaly (NLY) purchased it around $10. Sure it is half price now but it still declared it’s full dividend a couple weeks ago.(current yield is 21%) I was about to pull the trigger on some more shares.
bbb
I think it’s spelled... “Anally”. Darn auto-correct, right?...
I sure hope you misspelled “annually” and not “anally.”
Right now stocks with high dividend yield probably doesn’t mean it is a bargain, it means you are looking at past performance that likely won’t be maintained. Lots of high dividend stocks will have dividend cuts the next few months.
Right now stocks with high dividend yield probably doesn’t mean it is a bargain, it means you are looking at past performance that likely won’t be maintained. Lots of high dividend stocks will have dividend cuts the next few months.
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