NRZ - New Residential Investment Corp.: Alpha Generation Via Yield Spread

• My last article analyzed New Residential Investment Corp. by its yield spread relative to the 10-year treasury rate and BBA bond yield.
• The results suggested slight overvaluation but still good potential for a single-digit return and a good 8% current dividend income in the mid-term.
• This article first provides an update to the change in the yield spread since my last writing.
• Secondly, building on the previous results, this article also discusses an alpha generation method based on the yield spread.

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