AGNC Investment Corp (NAS:AGNCO.PFD)
$ 25.6 -0.04 (-0.16%) Market Cap: - Enterprise Value: - PE Ratio: 6.48 PB Ratio: 0.98 GF Score: 42/100

AGNC Investment Corp at Barclays Global Financial Services Conference Transcript

Sep 13, 2022 / 04:00PM GMT
Release Date Price: $22.43 (-0.31%)
Unidentified Analyst

All right. Good afternoon, everyone. Thank you for joining me. I'm Carter Smith with Barclays, and I'm pleased to be joined here by Peter Federico, CEO of AGNC Investment Corporation. Today's presentation will be a fireside chat. I have a prepared list of questions here in front of me, but feel free to raise your hand and asking questions throughout. I'll take a couple of points here to make sure any audience questions are being answered. But first, Peter, again, thank you for being with us today. Can you please just discuss are how the agency MBS market has performed quarter-to-date so far?

Questions & Answers

Peter J. Federico
AGNC Investment Corp. - President, CEO & Director

(technical difficulty) interest rate volatility was coming down. That was a really good environment for agency mortgages, and they performed very well and spreads tightened fairly meaningfully July and into early August. But then if you recall, the sentiment started to shift mid-August in anticipation of the Jackson Hole Conference, Fed becoming more hawkish,

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