AGNC slides as 14% yield meets Fed rate shock
AGNC Investment Corp. shares fell 1% to $10.19 Friday as a strong U.S. jobs report fueled concerns over higher-for-longer interest rates. Trading volume reached about 7.1 million. Piper Sandler maintained its Overweight rating and $11.50 target, while Barclays held at Equalweight with a $10 target. AGNC’s May dividend was set at 12 cents per share, yielding about 14.1% at current prices.