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Book Value Declines 5.6% on Geopolitical Volatility, but Wider Spreads Boost Forward Return Outlook
FY2026
Q1
| Apr 22, 2026
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GSE Policy Clarity Strengthens Agency MBS Outlook Despite Negative Q2 Return
FY2025
Q2
| Dec 04, 2025
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Agency MBS Spread Widening Hits Q1 Book Value; Go-Forward ROE Outlook Lifted to 19-22%
FY2025
Q1
| Dec 04, 2025
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Full-Year Economic Return Hits 13.2% as Company Increases Hedge Ratio to 91% in Defensive Shift
FY2024
Q4
| Dec 04, 2025
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