Why Annaly Capital Is Allocating More Money to Credit
One of the few asset classes providing some sort of yield is real estate investment trusts (REITs). Mortgage REITs in particular had one of their worst periods ever as liquidity dried up in the mortgage market, which triggered a wave of margin calls. What is Annaly Capital Management (NYSE: NLY), one of the biggest mortgage REITs, thinking about this environment, and what does it have to offer investors now?