Advertisement
Australia markets closed

  • ALL ORDS

    7,837.40
    -100.10 (-1.26%)
     

  • ASX 200

    7,575.90
    -107.10 (-1.39%)
     

  • AUD/USD

    0.6535
    +0.0012 (+0.18%)
     

  • OIL

    83.66
    +0.09 (+0.11%)
     

  • GOLD

    2,349.60
    +7.10 (+0.30%)
     

  • Bitcoin AUD

    96,567.88
    -1,805.70 (-1.84%)
     

  • CMC Crypto 200

    1,304.48
    -92.06 (-6.59%)
     

  • AUD/EUR

    0.6108
    +0.0035 (+0.57%)
     

  • AUD/NZD

    1.0994
    +0.0037 (+0.33%)
     

  • NZX 50

    11,805.09
    -141.34 (-1.18%)
     

  • NASDAQ

    17,718.30
    +287.79 (+1.65%)
     

  • FTSE

    8,139.83
    +60.97 (+0.75%)
     

  • Dow Jones

    38,239.66
    +153.86 (+0.40%)
     

  • DAX

    18,161.01
    +243.73 (+1.36%)
     

  • Hang Seng

    17,651.15
    +366.61 (+2.12%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

Regional Bank Contagion Nicked AGNC Investment's Book Value in the First Quarter

Brent Nyitray, CFA, The Motley Fool
·4-min read
Regional Bank Contagion Nicked AGNC Investment's Book Value in the First Quarter

With the sudden and steep rise in interest rates, mortgage originators watched volumes collapse as refinance activity dried up, and mortgage real estate investment trusts (REITs) saw their portfolios of mortgage-backed securities drop in value. AGNC Investment (NASDAQ: AGNC) kicked off the earnings season for mortgage REITs and said that the Silicon Valley Bank situation dented its portfolio. AGNC Investment is a mortgage REIT, a type of REIT that focuses on mortgage-backed securities that are guaranteed by the U.S. government.

Continue reading