The Julia La Roche Show · Saturday, October 24, 2026
Chris Whalen highlighted that mortgage REIT Annaly Capital Management performed best among its peer group in managing the past quarter's rising yields and falling bond prices. He noted that Annaly is currently back to trading around book value.
“Annaly probably did the best of the group in terms of managing the last quarter, which you saw yields going up, which means that the prices of bonds are going down.”
“Annaly is back to book value now instead of 1.2 times book, which is where it was in the kind of the second and first quarter of this year.”