August 12, 2015 at 07:28AM
- American Capital Agency Corp. had a rough second quarter but there were some positive developments that are misunderstood.
- When we look at the movements in prices on MBS and prices on interest rate swaps the loss makes sense.
- Making a new investment in MBS makes more sense when the MBS yields significantly more than the economic cost of funds (including interest rate swaps).
from Jru RSS http://ift.tt/1DJxv0R