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https://x.com/SpreadThread1/status/1720794380099875026?s=20Given recent move in rates/spreads, we look at where book values “might” be for agency mREITs ( $ARR, $DX, $AGNC, $NLY). We only have 3Q23 portfolio data to go from so this is a guesstimate as these co’s can change their portfolios and hedges significantly intra quarter.
https://x.com/SpreadThread1/status/1709378865238261760?s=20Investment grade corporate yields are now 6.43%. New cycle highs, up about 65bp over the last month. IG cash spreads are now widening but still the rise in corporate bond yields is mostly being driven by rising Treasury yields.
https://twitter.com/SpreadThread1/status/1636756170336612352?s=20
https://twitter.com/SpreadThread1/status/1630262348509315074?s=20