AIW News and Press, Arlington Asset Investment Corp 6.625% Notes due 2023 From 08/01/21

U.S. equity markets were mixed this week as disappointing "big tech" earnings and concerns over controversial COVID vaccine and mask mandates were offset by historically strong earnings results from domestic-focused companies. Retreating from the record-highs set last week, ...

When it comes to mortgage REITs, investors need to pick their dips carefully. It isn’t as simple as a lower price indicating higher yields. That’s a mistake many new investors make. A few nice opportunities have been developing lately. We will highlight a few that ca...

We're now at the halfway point of another newsworthy real estate earnings season. Results have so far been as impressive as any REIT earnings season in recent memory. Roughly 95% of REITs have topped consensus earnings estimates, and of the 44 REITs that provide full-year funds from o...

U.S. equity markets rebounded from an early-week dive as investors shrugged-off COVID concerns following a historically strong start to corporate earnings season and better-than-expected housing market data. "American Exceptionalism" was the theme as COVID concerns across internationa...

I'm projecting AGNC will report a combined minor unrealized gain on on-balance sheet MBS/investments for the second quarter of 2021 (mainly fixed-rate agency MBS). Lower coupon generic 15-year and 30-year fixed-rate agency MBS coupons had modest-notable price increases during the quar...

Best of Times and Worst of Times: Mortgage REITs endured punishing declines during the pandemic, but have nearly tripled from their lows and are back within shouting distance of pre-pandemic highs. The wave of dividend cuts has given way to a frenzy of increases this year as 20 m...

We’re getting a dip in the mortgage REIT sector. We saw a quick one that was corrected recently, but this one moved quite a bit lower. The sector was expensive prior to the start of the dip, so some weakness isn’t surprising. This is an opportunity to start building posi...

This series projects AGNC’s income statement for the second quarter of 2021. These projections help readers understand how some of the fixed-rate agency mREIT sector performed (valuable insight). I am projecting AGNC will report a notable decrease in net spread income for the s...

We take a look at the action in preferreds and baby bonds through the second week of July and highlight some of the key themes we are watching. We discuss a number of valuation anchors to underpin allocations to individual preferreds. And discuss recent issuance and portfolio upda...

U.S. equity markets retreated from record highs this past week, pressured by renewed COVID concerns and hotter-than-expected inflation data showing the fastest rise in consumer and producer prices in decades. The S&P 500 declined by 1.0% on the week while Mid-Caps and Small-Caps s...