AGNC Investment Reports Negative Q1 Economic Return and Book Value Rebound
AGNC Investment Corp. (AGNC) reported a negative economic return of -1.6% and a comprehensive loss of $0.18 per share in Q1 2026, though tangible book value rebounded 6% in April. The company adjusted its portfolio and increased swap hedges amid fluctuating agency MBS spreads, which settled around 151 bps versus swaps, suggesting expected returns of 15–17%.
Tickers: $AGNC
Topics: Agency MBS Book Value Dividend Earnings MBS Portfolio Management