AGNC slides as 14% yield meets Fed rate shock
AGNC Investment Corp. shares slipped roughly 1% Friday, giving up gains. Piper Sandler stuck with its bullish call on the stock, but a hotter U.S. jobs number sent investors leaning into the higher-for-longer rates theme again. AGNC shares slipped 10 cents to $10.19 with volume around 7.1 million in the afternoon. Annaly Capital Management hovered almost unchanged at $21.29, while Starwood Property Trust was flat at $17.11. That left AGNC trailing the other two yield-driven mortgage REITs.