AGNC Investment Corp FXDFR PRF PERPETUAL USD 25 - Ser G

AGNC Investment Corp. reported good quarterly results, with book value rising for the second quarter in a row. The company has been issuing new shares, which has helped stabilize the equity/preferred coverage ratio. The preferred shares to focus on are AGNCN, AGNCO, and AGNCL, which offer attractive yields and coupon profiles. » Mehr auf seekingalpha.com

U.S. equity markets posted their worst week in a year while benchmark interest rates surged to five-month highs as investors monitored an intensification of geopolitical tensions and hawkish Fed commentary. Inflamed by resurgent energy prices and insatiable Federal government spending, Fed Chair Powell and other officials acknowledged a stalling-out of inflation progress in recent months and delayed cut expectations. Declining on all five trading sessions, the S&P 500 declined another 3.1% this week - its worst week since March 2023 - while high-flying technology stocks were hit particularly hard. » Mehr auf seekingalpha.com

We take a look at the action in preferreds and baby bonds through the fourth week of October and highlight some of the key themes we are watching. Preferred stocks were slightly lower as Treasury yields fell, driving yields above the COVID period. Mortgage REIT preferreds kicked off earnings and saw double-digit drops in book value. » Mehr auf seekingalpha.com