Perspectives

  • –

    Monthly Macro Monitor: November 2024

    • In October, the U.S. nonfarm payroll employment report came in materially below estimates, representing a sharp decline from September; this report, however, has been heavily discounted due to the significant negative impacts of strike activity and Hurricanes Helene and Milton.
    • Key inflation measures – core CPI and core PCE – were generally consistent with expectations and continued to provide optimism for the long-term inflationary outlook.
    • Following the election in early November, interest rates rallied across the curve, and interest rate volatility declined to levels consistent with the pre-election period in September, reversing the substantial increases experienced in October during the run up to the election.
    • Against this backdrop, Agency MBS spreads to benchmark rates stabilized and, over the course of the month, tightened modestly toward the midpoints of the more recent trading ranges.
    Read More
  • –

    Monthly Macro Monitor: November 2024

    A quick update on the market environment, including key rate and spread trends that are top of mind for Agency MBS investors.

    Read More
  • –

    AGNC 2023 ESG Report

    Read More
  • –

    The Fed Report: November 2024

    Key highlights from the November 2024 FOMC policy update along with our insights and takeaways.

    Read More
  • –

    Monthly Macro Monitor: October 2024

    A quick update on the market environment, including key rate and spread trends that are top of mind for Agency MBS investors.

    Read More
  • –

    The Earnings Extract: Q3 2024

    Commentary from our quarterly earnings call covering the macroeconomic landscape, the Agency MBS market environment, and our quarterly performance.

    Read More
  • –

    Monthly Macro Monitor: September 2024

    A quick update on the market environment, including key rate and spread trends that are top of mind for Agency MBS investors.

    Read More
  • –

    The Fed Report: September 2024

    Key highlights from the September 2024 FOMC policy update along with our insights and takeaways.

    Read More
  • –

    Monthly Macro Monitor: August 2024

    A quick update on the market environment, including key rate and spread trends that are top of mind for Agency MBS investors.

    Read More
  • –

    The Fed Report: July 2024

    Key highlights from the July 2024 FOMC policy update along with our insights and takeaways.

    Read More