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NLY - Annaly Capital Management: Get In Before Rates Come Down
Annaly Capital Management Inc
2024-05-14 07:36:23 ET
Summary
Annaly Capital Management could benefit from the central bank's anticipated rate cuts in 2024.
The mortgage real estate investment trust's net interest margin has improved, and short-term inflation expectations suggest a cooling of core inflation.
NLY's mortgage-backed security portfolio is expected to see prolonged book value growth due to the Fed's shift.
The central bank is widely anticipated to start slashing short-term interest rates in 2024 which would be of great help for Annaly Capital Management Inc. ( NLY ). ...