Perspectives
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The Earnings Extract: Q2 2024
Read More- AGNC generated an economic return on tangible common equity of (0.9)% during the quarter, comprised of $0.36 of dividends per common share and a $(0.44) decline in tangible net book value per common share.
- Despite the softening in certain economic measures throughout the quarter, the Federal Reserve remained steadfast in its hawkish monetary policy stance, and, as a result, intra-quarter volatility increased, interest rates edged higher, and Agency MBS spreads to benchmark rates widened.
- Nevertheless, we continue to be very optimistic about both the current returns and future prospects for our business in light of the favorable supply-demand dynamic for Agency MBS, improving monetary policy outlook, and attractive valuation levels for Agency MBS relative to both U.S. Treasuries and investment grade corporate debt.
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Why Agency MBS: Market Snapshot
Read MoreAgency MBS assets benefit from compelling fundamentals and favorable attributes that make them a critical building block of any investment portfolio.