This hasn't been a great month for the customer relationship management specialist, but investor sentiment might be improving. Read More...
Motley Fool
Why Shares of AGNC Investment Corp Are Rising Today
Shares of the mortgage real estate investment trust (mREIT) AGNC Investment (NASDAQ: AGNC) are trading nearly 3% higher as of 10:04 a.m. ET today after getting an endorsement from Bill Gross, also known as the Bond King. As an mREIT, AGNC uses debt and leverage to invest largely in agency mortgage-backed securities, which carry a guarantee from the U.S. government. Bond values have an inverse relationship with bond yields, so as yields have risen, bond values have been crushed.
