O - Armour Residential REIT Series C: A Discounted Preferred To Buy While We Wait On Interest Rates
2024-06-16 09:41:23 ET
Summary
- Strong jobs report dampens hopes for near-term rate cuts.
- Net lease real estate investment strategy may not yield the same results as in the past.
- ARMOUR Residential REIT Series C Preferred offers potential for capital appreciation with lower rates.
June 7th's surprisingly strong jobs report was the latest data point to dampen hopes for any near-term reduction in interest rates. Wednesday's Bureau of Labor Statistics' May CPI report showed moderating inflation, but the Federal Reserve's two-day policy meeting comments postponed any rate cuts. Meanwhile, all varieties of income-oriented investors continued what has become a marathon task to strategize on how best to capitalize on the prospect of an imminent/ultimate decline in rates....
Armour Residential REIT Series C: A Discounted Preferred To Buy While We Wait On Interest Rates