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Re: Enough Already!Market rates have only moved up 20 bps since quarter end. For perspective, the 10 year treasury fell about 40% from 3.06% to 1.86% over the past year and yet NRZ has managed to maintain its dividend and keep its book value steady. Now management is hedging book value against the 10 year dropping further in the event of an economic slowdown or recession. I think they are wise.
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