Strong Liquidity Position
AGNC maintained a strong liquidity position with $6.4 billion in cash and unencumbered Agency MBS, representing 65% of tangible equity, up from 63% in the previous quarter.
Positive Developments in Agency MBS Market
Key policymakers reaffirmed the implicit guarantees for Agency MBS and indicated a cautious approach to GSE reform, improving the outlook for Agency mortgage-backed securities.
Accretive Capital Raising
AGNC opportunistically raised nearly $800 million of common equity at a significant premium to tangible net book value, enhancing liquidity and investment capacity.