dividend > 90%
mortgage rate (15, 30)
yield spread (30 - 10, 10 - 2)
book value - steeply decreasing, leverage ~ 5-6
constant prepayment rates ?
nly, agnc, rem, mort
- mortgate
http://www.wolframalpha.com/input/?i=mortgage+rate
http://www.wolframalpha.com/input/?i=30-year+fixed-rate+mortgage&lk=1&a=ClashPrefs_*BankRate.ThirtyYearFixedRateMortgage-
http://www.mortgagenewsdaily.com/data/30-year-mortgage-rates.aspx
http://www.mortgagenewsdaily.com/mortgage_rates/
http://www.zillow.com/mortgage-rates/
http://www.marketwatch.com/tools/pftools/
- mbs
http://www.mortgagenewsdaily.com/mbs/
http://www.mortgagenewsdaily.com/mbs/charts.aspx?Product=FNMA40&interval=5
http://blogs.marketwatch.com/capitolreport/2013/07/07/mortgage-rates-poised-to-jolt-up-again/
http://seekingalpha.com/article/1529752-annaly-dividends-should-benefit-from-the-current-interest-rate-environment?source=google_news
http://www.businessweek.com/news/2013-07-10/reits-slump-19-percent-fueling-worst-bond-losses-since-94-mortgages#p1
http://www.freddiemac.com/news/finance/pdf/RefiReport2013Q1.pdf
http://www.freddiemac.com/news/finance/docs/Jun_2013_public_outlook.pdf
source: http://www.calculatedriskblog.com/2013/06/freddie-mac-mortgage-rates-highest.html
yield spread.
opposite direction - critical point.
dividend down
price down
bps down
----------------------------
단기 금리 오르기 전에 한번은 더 기회가 있을거 같습니다.
답글삭제모기지 30년 금리가 5%를 단기간에 넘기는 힘들 것으로 보는데, 지금 가격에 채권 손실이 충분히 반영되었는지를 알 방법이 없는 것이 문제네요.
삭제