Author

Annaly Salvos 66 posts 0 comments

Annaly Capital Management, Inc. (NYSE:NLY) manages a portfolio of mortgage-backed securities, and its wholly-owned subsidiaries manage assets for and provide services to institutional and individual investors worldwide. Annaly’s principal business objective is to generate net income for distribution to investors from its mortgage-backed securities and from dividends it receives from its subsidiaries. Annaly has elected to be taxed as a real estate investment trust (REIT).

Markets

Shifting Correlations

Annaly Salvos
By Annaly Capital Management A common phrase often overheard on your favorite financial news channels goes something like this: “Stocks are cheap relative to bonds.” After all, the dividend yield on the Dow Jones Industrial Average is now…
Economy

Data, Data Everywhere

Annaly Salvos
by Annaly Capital Management Bank of Canada Governor Mark Carney delivered a speech yesterday in Ontario that contained two observations that we think are certainly true: · “Insights from financial markets are somewhat fleeting at the…
Political Economy

Wednesday Washington Watch

Annaly Salvos
by Annaly Capital Management Today Mike Farrell appeared as a panel participant at a House Financial Services Committee entitled The Future of Housing Finance – A Review of Proposals to Address Market Structure and Transition.  The…
Markets

The Pig in the Python

Annaly Salvos
by Annaly Salvos The title of this post may sound like a fable told by Aesop, but we assure you it’s not. We spent the early part of this week in Dallas attending the 3rd Zelman & Associates Housing Summit. The conference was attended…
Economy

Charts of the Day: The New Z.1 is Out!

Annaly Salvos
by Annaly Capital Management Last Friday was a Z.1 Flow of Funds day, always a fun day. The 137 page report from the Federal Reserve features data for the second quarter of 2010. Total credit market debt outstanding grew slightly during…
Political Economy

Receipts and Outlays

Annaly Salvos
by Annaly Capital Management The chatter is deafening. The results of the primary elections this week, with the strong anti-incumbent fervor and the surprising showing by the Tea Party, has Beltway pundits all aflutter about the possible…
Economy

A Trio of Bank Ratios

Annaly Salvos
by Annaly Capital Management Lest anyone think we missed it, on August 31st the FDIC put out its Quarterly Banking Profile for the second quarter of 2010. The headline was glowing: “Quarterly Earnings Are Highest in Almost Three Years.”…
Markets

Surprise, Surprise

Annaly Salvos
by Annaly Capital Management A quick follow up to our recent post on the Great Bond Bubble Debate , which was kicked off by an op-ed piece in the Wall Street Journal by Jeremy Siegel and Jeremy Schwartz. The seductiveness of the Jeremys’…
Economy

The Camel’s Back

Annaly Salvos
By Annaly Capital Management Ireland’s rating downgrade by Standard & Poor's on August 24 and the related news of its struggling millstone, Anglo Irish Bank , bring our attention back to the ongoing challenges facing sovereign entities…

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More