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NYMTM - New York Mortgage Trust Is Entirely Fed Dependent
New York Mortgage Trust Inc. 7.875% Series E Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
If you want to see some real hard evidence of the increasingly desperate chase for yield among retail investors as traditional safe havens like government bonds go ever deeper into negative real (and nominal) territory, look no further than Seeking Alpha quote page view stats. Leading the pack last week was New York Mortgage Trust (NYMT), a 12.6% yielder. Like most mortgage REITs, this thing is a multi-layered derivative, this one with 4 layers. It looks stable, and indeed has been for 11 years now, but it is now entirely dependent on the