Lean hog futures are trading a tick to 15 cents higher in the front months on Friday. USDA’s national base hog price was reported at $90.33 on Friday morning. The CME Lean Hog Index was 37 cents higher on March 4 at $90.55. USDA’s pork carcass cutout value from the Friday AM report was down 44 cents at $98.78 per cwt. The belly, rib, and picnic primals were reported higher. USDA estimated Thursday...
Lean hog futures are trading a tick to 15 cents higher in the front months on Friday. USDA’s national base hog price was reported at $90.33 on Friday morning. The CME Lean Hog Index was 37 cents higher on March 4 at $90.55. USDA’s pork carcass cutout value from the Friday AM report was down 44 cents at $98.78 per cwt. The belly, rib, and picnic primals were reported higher. USDA estimated Thursday’s federally inspected hog slaughter at 491,000 head, taking the total to 1.944 million head for the week. That is 7,000 head below last week and 132,550 head below the same week last year. Don’t Miss a Day: Apr 26 Hogs are at $95.800, up $0.125, May 26 Hogs are at $100.550, up $0.025 Jun 26 Hogs are at $109.975, up $0.075, More news from Barchart The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Cotton futures are up 25 to 35 points so far on Friday. The outside markets are mixed, as the US dollar index is up 505 points and the highest 2 years. Crude oil futures are up $1.16/barrel. Export Sales data showed 2024/25 upland cotton shipments totaling 1.858 million RB for the marketing year, 17% below last year and just 18% of the full year USDA export forecast (22% normally). Commitments, in...
Cotton futures are up 25 to 35 points so far on Friday. The outside markets are mixed, as the US dollar index is up 505 points and the highest 2 years. Crude oil futures are up $1.16/barrel. Export Sales data showed 2024/25 upland cotton shipments totaling 1.858 million RB for the marketing year, 17% below last year and just 18% of the full year USDA export forecast (22% normally). Commitments, including shipped and unshipped sales, are 6.364 million RB, a 16% drop from last year. That is 60% of USDA’s number, behind the 68% average export sales pace. The Seam reported 12,433 bales of online sales on November 21 at an average price of 69.57 cents/lb. ICE cotton stocks were unchanged again on Wednesday, at 13,274 bales of certified stocks. The Cotlook A Index was up 100 points on 11/21 at 80.70 cents/lb. The USDA Adjusted World Price (AWP) was lowered by 229 points on Thursday afternoon to 55.91 cents/lb. Mar 25 Cotton is at 70.75, up 32 points, May 25 Cotton is at 71.9, up 25 points, Jul 25 Cotton is at 73.06, up 26 points More news from Barchart The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The wheat complex is continued the rally into Friday, with contracts up sharply across the three markets. Chicago SRW futures are up 25 to 28 cents at the close. KC HRW futures are 20 to 27 cents in the green so far on the day. MPLS spring wheat is 18 to 20 cents higher at midday. Crude oil futures are up $10.10 at midday to continue the spillover support. Export Sales data from Thursday morning h...
The wheat complex is continued the rally into Friday, with contracts up sharply across the three markets. Chicago SRW futures are up 25 to 28 cents at the close. KC HRW futures are 20 to 27 cents in the green so far on the day. MPLS spring wheat is 18 to 20 cents higher at midday. Crude oil futures are up $10.10 at midday to continue the spillover support. Export Sales data from Thursday morning has taken export sales commitments to 23.204 MMT, which is 95% of USDA’s estimate near the 97% average sales pace. Shipments are 75% of USDA’s export number at 18.45 MMT, which is ahead of the 72% average pace. Don’t Miss a Day: The FranceAgriMer estimates the French wheat crop at 84% good/excellent, matching the rating from the previous week. Durum conditions were steady at 81%. Mar 26 CBOT Wheat is at $6.08 1/4, up 25 1/2 cents, May 26 CBOT Wheat is at $6.11 3/4, up 28 cents, Mar 26 KCBT Wheat is at $5.85 1/4, up 20 cents, May 26 KCBT Wheat is at $6.19 1/4, up 26 3/4 cents, Mar 26 MIAX Wheat is at $6.17 3/4, up 9 3/4 cents, May 26 MIAX Wheat is at $6.39, up 19 1/2 cents, More news from Barchart The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Soybeans are pushing higher again on Friday, with midday gains of 18 to 20 cents in the front months. The cmdtyView national average Cash Bean price is up 18 3/4 cents at $11.24 1/4. Soymeal futures are $7.50 to $8.50 higher on the day, with Soy Oil futures 45 to 60 points higher in the front months. There were another 50 deliveries against March soy meal overnight with 71 for bean oil. Crude oil ...
Soybeans are pushing higher again on Friday, with midday gains of 18 to 20 cents in the front months. The cmdtyView national average Cash Bean price is up 18 3/4 cents at $11.24 1/4. Soymeal futures are $7.50 to $8.50 higher on the day, with Soy Oil futures 45 to 60 points higher in the front months. There were another 50 deliveries against March soy meal overnight with 71 for bean oil. Crude oil futures are up $10.10 at midday to continue the spillover support. The weekly Export Sales report now has export commitments for soybeans at 36.034 MMT, which is 84% of the USDA export estimate and behind the 92% average sales pace. Shipments are 61% of USDA’s number at 26.154 MMT, lagging the 78% average shipping pace. Don’t Miss a Day: Brazil’s soybean crop is estimated at 183.1 MMT according to AgroConsult, up 0.85 MMT from their previous number. February exports out of Brazil were tallied at 7.113 MMT, more than triple January and 10.66% above Feb 2025. Soybeans in Argentina are estimated at 30% good/excellent according to the Buenos Aires Grains Exchange, up just 1 percentage point from last week. Mar 26 Soybeans are at $11.82, up 18 1/4 cents, Nearby Cash is at $11.24 1/4, up 18 3/4 cents, May 26 Soybeans are at $11.98 1/4, up 19 cents, Jul 26 Soybeans are at $12.10 3/4, up 18 1/4 cents, More news from Barchart The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
PM Images/DigitalVision via Getty Images I expect to see a tender offer plan announced for MFS High Income Municipal Trust ( CXE ) in the coming days or weeks. This is among three municipal Closed End Funds (“CEFs”) heavily owned by well-recognized institutional investors that have been subject to shareholder votes needed to approve both a merger and a new advisor. Earlier this week, the first two...
PM Images/DigitalVision via Getty Images I expect to see a tender offer plan announced for MFS High Income Municipal Trust ( CXE ) in the coming days or weeks. This is among three municipal Closed End Funds (“CEFs”) heavily owned by well-recognized institutional investors that have been subject to shareholder votes needed to approve both a merger and a new advisor. Earlier this week, the first two ( CMU and CXH ) announced the boards had approved 50% tender offers at 99% of NAV contingent on shareholder approval. Rationale in each case pointed to encouraging support for the reorganization and providing shareholders with liquidity in advance. CXE has been the most heavily market discounted of the three funds with high institutional ownership. Its largest institutional shareholders include Saba Capital Management, Almitas Capital, and RiverNorth. In this case, I anticipate all three and other institutional shareholders will ultimately vote for the CXE reorganization if a similar liquidity event exists for CXE. Background Information CXE trades around 92 cents per dollar of NAV and pays a municipal income yield of 5.68%. The fund is diversified across states and has been a category underperformer for the last year (3.6% vs 7.3% category NAV) and 10 years (2.25% vs 2.69% category NAV). To date, CXE's bond portfolio has been managed by a well-known US Investment Advisor, MFS Investment Management. MFS was founded in 1924 by George Putnam and is famous for launching the first mutual fund designed for everyday investors, now known as Massachusetts Investors Trust. CXE has been subject to shareholder Activism by Saba in recent years. Saba filed a 13-D in July of 2023 and has since filed numerous amendments. CXE is also a holding in Saba’s exchange-traded fund ( CEFS ), which is primarily owned by retail investors. Last December, MFS and Aberdeen announced planned reorganizations whereby MFS chose to exit its CEF Advisory business in favor of a UK-based advisor named Aberdee...
Earnings Call Insights: Embraer S.A. (EMBJ) Q4 2025 Management View CEO Francisco Neto stated that “2025 was a remarkable period for our company. We met our deliveries guidance on the operational side, while we outperformed the expectations on the financial side.” Neto highlighted record revenue and backlog, with strong performance in the E2 program, and emphasized that “all our business units are...
Earnings Call Insights: Embraer S.A. (EMBJ) Q4 2025 Management View CEO Francisco Neto stated that “2025 was a remarkable period for our company. We met our deliveries guidance on the operational side, while we outperformed the expectations on the financial side.” Neto highlighted record revenue and backlog, with strong performance in the E2 program, and emphasized that “all our business units are performing very well with solid execution and bigger backlogs.” He cited global commercial aviation sales momentum, including new orders from TrueNoord, Helvetic Airways, and Cote d'Ivoire, as well as executive aviation delivering its highest ever quarterly business jet total at 53 units. Defense & Security saw key wins with Sweden and Portugal, and Service and Support expanded programs with Airlink and the Republic. Neto underlined strategic partnerships under discussion with Mahindra and Adani Group in India, and Northrop Group in the U.S., as reinforcing Embraer’s long-term growth prospects. He noted, “We are well positioned in strategic markets, supported by partnerships under discussion with global players in India, Mahindra and Adani Group and in the U.S., Northrop Group.” CFO Antonio Garcia stated, “despite a year marked by challenges and volatility, the company remains focused on disciplined execution, delivering results in line with its commitments.” Garcia reported that Embraer delivered 91 aircraft in Q4, a 21% increase, and finished 2025 with a $31.6 billion backlog, up 20%. He emphasized Embraer’s liquidity, “our stand-alone net debt decreased by $220 million, reaching a net cash position of $109 million at the end of 2025.” Outlook Garcia forecast Commercial Aviation deliveries between 80 and 85 aircraft and Executive Aviation between 160 and 170 jets in 2026, representing a year-over-year increase of approximately 6% in both segments at the midpoint. Garcia presented 2026 revenue guidance of $8.2 billion to $8.5 billion, “with the midpoint of the range, 10% ...
J Studios/DigitalVision via Getty Images Overview After OpenAI ( OPENAI ) rumors and CEO Jeffrey Green’s massive open market stock acquisition, I wanted to revisit The Trade Desk, Inc. ( TTD ) this morning. I last wrote about The Trade Desk in May 2025…just months before “the fall.” My DCF model at that time implied TTD was priced for at least 25% CAGR, and I pointed out that the >20% mark was the...
J Studios/DigitalVision via Getty Images Overview After OpenAI ( OPENAI ) rumors and CEO Jeffrey Green’s massive open market stock acquisition, I wanted to revisit The Trade Desk, Inc. ( TTD ) this morning. I last wrote about The Trade Desk in May 2025…just months before “the fall.” My DCF model at that time implied TTD was priced for at least 25% CAGR, and I pointed out that the >20% mark was the “inflection point.” Given that the programmatic advertising market was projected for 22.8% CAGR, this didn’t appear like an unreasonable assumption. Although a bit wary of its premium valuation, I stuck with a Buy rating. Of course, TTD has plummeted since then. Data by YCharts The three quarters subsequent to my post-Q1 analysis saw YoY revenue growth approach the mid-to-low teens. Below, I find out if The Trade Desk’s business is truly deteriorating or if this is a more simple case of the market “resetting expectations.” Business Performance The Trade Desk’s Q4/FY25 earnings were over a week ago, so we’ve all had time to digest the numbers. My focus is going to be on recent trends and where the company appears to be headed. Author's Compilation Nothing sticks out to me in the past eight quarters besides YoY revenue growth (which isn’t pictured above). I alluded to those trends earlier (25.4% → 18.73% → 17.74% → 14.27%). The Trade Desk guided Q1 for “revenue at least $678 million” and “adjusted EBITDA of approximately $195 million.” The revenue growth target implies just 10% YoY growth. If you add that number to the sequence in parentheses above, The Trade Desk appears to be in a “free fall.” My Sensitivity Analysis from last year asked, “What happens to TTD’s valuation if growth and/or free cash flow margin assumptions change?” Author's Compilation (dated 05/14/2025) Although I ascertained that TTD was valued for ~26% CAGR back then, the Sensitivity Analysis displayed that if growth expectations were to fall into the low-teens, the stock risked being valued ~$30/share (w...
(RTTNews) - Google has expanded access to its Canvas feature within AI Mode in Google Search, making the tool available to all users in the United States who use the platform in English. Canvas, which initially launched as part of the company's experimental Google Labs program last year, is designed to help users plan projects, organize research, and develop ideas directly within search results. T...
(RTTNews) - Google has expanded access to its Canvas feature within AI Mode in Google Search, making the tool available to all users in the United States who use the platform in English. Canvas, which initially launched as part of the company's experimental Google Labs program last year, is designed to help users plan projects, organize research, and develop ideas directly within search results. The feature allows users to draft documents, refine creative writing, or even generate simple apps and games by describing their ideas. Once activated through AI Mode's tool menu, Canvas opens a side panel where users can collect information from across the web and Google's Knowledge Graph. The tool can also transform research material into different formats, such as study guides, quizzes, web pages, or audio summaries. Canvas is already available within Gemini, where subscribers to Google AI Pro and Ultra plans can access advanced capabilities, including the latest Gemini 3 model and an expanded context window for complex projects. By integrating Canvas into Search's AI Mode, Google is exposing the feature to a much broader audience, leveraging the scale of its search platform. The tool also enters a growing field of AI productivity features competing with offerings from companies like OpenAI and Anthropic. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The Occupational Safety and Health Administration has opened an investigation into the death of a worker at a Rivian warehouse in Illinois this week, the federal agency told TechCrunch on Friday. The agency said the probe could take up to six months. The man, identified by local authorities as 61-year-old Kevin Lancaster, reportedly died from “blunt traumatic compressional injuries” after getting ...
The Occupational Safety and Health Administration has opened an investigation into the death of a worker at a Rivian warehouse in Illinois this week, the federal agency told TechCrunch on Friday. The agency said the probe could take up to six months. The man, identified by local authorities as 61-year-old Kevin Lancaster, reportedly died from “blunt traumatic compressional injuries” after getting pinned between a tractor trailer and a loading dock at the facility, which is located just a few miles from Rivian’s factory. Lancaster was reportedly trapped in that spot for around 20 minutes on Thursday before firefighters were able to get to him, according to one local news report. Emergency crews responded to a call at 1:40 p.m. local time, and Lancaster was pronounced dead at a local medical center at 2:33 p.m. local time. It’s not immediately clear if Lancaster worked for Rivian or for another company. Rivian did not immediately respond to a request for comment. TechCrunch will update the article if the company responds. The safety of Rivian’s factory in Normal, Illinois became a source of scrutiny in 2024 after a Bloomberg News report detailed 16 “serious” violations levied on the company across that year and the one prior. Automotive factories are notoriously dangerous, though, and Rivian has received just one violation at the Illinois manufacturing plant since that report was published. OSHA even told Bloomberg at the time that Rivian “has improved their safety and health team and are very cooperative with the OSHA process.” Rivian assembles its flagship R1 pickup truck, R1 SUV, and commercial electric van, known as the EDV, at its 4.3 million square-foot factory in Normal. The company is expanding the space by another 1.1 million square feet to make room for its next EV, the R2. Once complete, the factory will have capacity to assemble 215,000 vehicles. Techcrunch event Disrupt 2026: The tech ecosystem, all in one room Your next round. Your next hire. Your next b...
Wu Qing, chairman of the China Securities Regulatory Commission, speaks at a press conference during the fourth session of the 14th National People’s Congress in Beijing, March 6, 2026. Photo: VCG China is preparing to introduce a more accommodating set of listing standards for Shenzhen’s startup-focused ChiNext board, aiming to channel more capital toward innovative companies, the country’s top s...
Wu Qing, chairman of the China Securities Regulatory Commission, speaks at a press conference during the fourth session of the 14th National People’s Congress in Beijing, March 6, 2026. Photo: VCG China is preparing to introduce a more accommodating set of listing standards for Shenzhen’s startup-focused ChiNext board, aiming to channel more capital toward innovative companies, the country’s top securities regulator said. “The overall plan for deepening the reform of the ChiNext board has basically taken shape,” Wu Qing, chairman of the China Securities Regulatory Commission (CSRC), said at a press conference on Friday during the fourth session of the 14th National People’s Congress.
Anne Czichos/iStock Editorial via Getty Images As I've covered in the past , Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München ( MURGY ), aka Munich RE, offers a sustainable dividend and has good business fundamentals, but I saw upside potential as limited due to its premium valuation at the time. Not surprisingly, its shares have traded sideways over the past few months and h...
Anne Czichos/iStock Editorial via Getty Images As I've covered in the past , Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München ( MURGY ), aka Munich RE, offers a sustainable dividend and has good business fundamentals, but I saw upside potential as limited due to its premium valuation at the time. Not surprisingly, its shares have traded sideways over the past few months and have underperformed slightly the overall stock market ( SPY ) since my last article, as shown in the next graph. Article performance (Seeking Alpha) Despite this relatively weak share price performance, Munich RE’s operating momentum can be considered positive in recent quarters, as the company was able to report higher earnings during 2025 despite some top-line softness. Indeed, following some strong years for the reinsurance industry, especially in the Property & Casualty (P&C) segment, pricing was softer over the last year as the pricing peak seems to have been reached in the current cycle. As can be seen in the next graph, price renewals were negative during last year, contrary to previous years, and this trend continued regarding January 2026 renewals. Given that most renewals happen at the beginning of the year, this does not bode well for top-line performance this year. January renewals (Munich RE) Moreover, on top of negative pricing on reinsurance policies, volumes were also weak during 2025, declining by 1.5% YoY. Regarding January 2026 renewals, volume decreased by 7.8% YoY, as the company was selective in its underwriting criteria and decided to reduce risk where it didn’t consider it was reaching its return requirements. Additionally, competition has focused mainly on pricing in recent renewals, putting pressure on the profitability of the sector, which is a good signal that Munich RE decided to walk away from some risks, as the company seems to not be seeking volumes at the expense of future losses ahead. This is important because to maintain sound underwriting...
Looking at the universe of stocks we cover at Dividend Channel , in trading on Friday, shares of eXp World Holdings Inc (Symbol: EXPI) were yielding above the 3% mark based on its quarterly dividend (annualized to $0.2), with the stock changing hands as low as $6.46 on the day. Dividends are particularly important for investors to consider, because historically speaking dividends have provided a c...
Looking at the universe of stocks we cover at Dividend Channel , in trading on Friday, shares of eXp World Holdings Inc (Symbol: EXPI) were yielding above the 3% mark based on its quarterly dividend (annualized to $0.2), with the stock changing hands as low as $6.46 on the day. Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock market's total return. To illustrate, suppose for example you purchased shares of the iShares Russell 3000 ETF (IWV) back on 5/31/2000 — you would have paid $78.27 per share. Fast forward to 5/31/2012 and each share was worth $77.79 on that date, a loss of $0.48 or 0.6% decrease over twelve years. But now consider that you collected a whopping $10.77 per share in dividends over the same period, increasing your return to 13.15%. Even with dividends reinvested, that only amounts to an average annual total return of about 1.0%; so by comparison collecting a yield above 3% would appear considerably attractive if that yield is sustainable. eXp World Holdings Inc (Symbol: EXPI) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets. In general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of eXp World Holdings Inc, looking at the history chart for EXPI below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 3% annual yield. Click here to find out which 9 other dividend stocks just recently went on sale » Also see: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
"Bloomberg Real Yield" highlights the market-moving news you need to know. Today's guests: Allspring Global Senior Portfolio Manager Janet Rilling, Founder of Longtail Alpha Vineer Bhansali, MFS Investment Management Co-Chief Investment Officer of Fixed Income Pilar Gomez-Bravo, and Barings High Yield Portfolio Manager Kelly Burton. (Source: Bloomberg)
"Bloomberg Real Yield" highlights the market-moving news you need to know. Today's guests: Allspring Global Senior Portfolio Manager Janet Rilling, Founder of Longtail Alpha Vineer Bhansali, MFS Investment Management Co-Chief Investment Officer of Fixed Income Pilar Gomez-Bravo, and Barings High Yield Portfolio Manager Kelly Burton. (Source: Bloomberg)
Cerebras Systems Inc. has picked Morgan Stanley to lead its initial public offering, according to people familiar with the matter, as the artificial intelligence chipmaker mounts a renewed attempt to go public. The offering could raise about $2 billion in a listing as soon as April, some of the people said. Cerebras has filed fresh paperwork for an IPO and is set to meet with analysts and prospect...
Cerebras Systems Inc. has picked Morgan Stanley to lead its initial public offering, according to people familiar with the matter, as the artificial intelligence chipmaker mounts a renewed attempt to go public. The offering could raise about $2 billion in a listing as soon as April, some of the people said. Cerebras has filed fresh paperwork for an IPO and is set to meet with analysts and prospective investors this month, one of the people said, asking not to be identified as the information isn’t public. Cerebras withdrew its previous IPO registration in October, after having filed nearly a year before. Citigroup Inc. and Barclays Plc were the lead banks on that process, according to its filings with the US Securities and Exchange Commission at the time. Both banks are working on the current IPO process, some of the people said. Deliberations are ongoing and details of the proposed IPO could change, the people said. The Information reported earlier on Cerebras’ confidential IPO filing. Representatives for Cerebras, Barclays, Citigroup and Morgan Stanley declined to comment. The Sunnyvale, California-based company was reliant on business from Abu Dhabi AI firm G42 , a relationship that led to a review by the Committee on Foreign Investment in the US. Cerebras said last March that it had resolved all open issues with CFIUS. For the latest news on equity capital markets activity in the US, Canada and Latin America, follow the channel or visit NI BFWECMUS . To subscribe to ECM Watch , Bloomberg’s daily roundup of news from around the region, click here . The return comes as investors shovel billions of dollars into AI infrastructure, on the expectation that it will transform the global economy. Cerebras is trying to challenge Nvidia Corp. ’s dominance of chips that are at the heart of the explosion of spending, by making large chips that it says help the bespoke computers that house them to crunch the massive amounts of data needed to create AI software. Cerebras raise...
For the most part, dividend-paying stocks dole out dividends to investors on a quarterly basis. With monthly dividend stocks, as the name suggests, investors receive dividends monthly. If you are an investor looking to generate income from your portfolio, monthly dividend stocks are an appealing choice. Even if you're looking to grow your portfolio over time, receiving cash payments on a monthly r...
For the most part, dividend-paying stocks dole out dividends to investors on a quarterly basis. With monthly dividend stocks, as the name suggests, investors receive dividends monthly. If you are an investor looking to generate income from your portfolio, monthly dividend stocks are an appealing choice. Even if you're looking to grow your portfolio over time, receiving cash payments on a monthly rather than quarterly basis allows you to reinvest dividends more frequently. AGNC Investment (AGNC 1.83%), Main Street Capital (MAIN 0.53%), and Realty Income (O +0.18%) are three of the most popular monthly dividend stocks. Let's explore each one and see whether other factors bolster or diminish their appeal as long-term investments. High-yielding mortgage REIT AGNC Investments remains risky On paper, AGNC Investments may seem like a seamless way to generate double-digit annual returns. Shares of the mortgage REIT have a forward dividend yield of 13.1%. However, it's not like you can buy AGNC, set it and forget it, allowing it to do the heavy lifting as one of the high-yield dividend stocks. Expand NASDAQ : AGNC AGNC Investment Corp. Today's Change ( -1.83 %) $ -0.20 Current Price $ 10.70 Key Data Points Market Cap $12B Day's Range $ 10.63 - $ 10.81 52wk Range $ 7.85 - $ 12.19 Volume 16M Avg Vol 20M Gross Margin 100.00 % Dividend Yield 13.21 % As AGNC borrows short-term funds to buy longer-term mortgage-backed securities, it is highly sensitive to changes in interest rates. In more recent years, with interest rates spiking, the mortgage REIT has experienced lower net interest spreads, as well as capital losses on its portfolio. As a result, AGNC's dividend has fallen over time, going from $0.20 per share monthly 10 years ago to $0.12 per month today. Shares have also fallen by over 31% over the past five years. This has eaten into AGNC's total returns. More recently, AGNC shares had been rising on the expectation of further Federal Reserve interest rate cuts. However, as r...