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To: Robohogs who wrote (109240)7/22/2012 6:38:06 AM
From: ElroyRespond to of 118717
 
If they both have the same yield, CYS and AGNC, and one is 1.15 book and the other is 1.05, then the 1.15x book either has more leverage or higher yields, either of which equates to more risk.

in Q2 CYS's leverage ratio was 7.1x and it's net interest spread was 1.71%

finance.yahoo.com

AGNC's preliminary Q2 info indicates a leverage ratio of 7.5x and they didn't give the net interest spread %

finance.yahoo.com