Skip to contentHome page Seeking Alpha - Power to InvestorsInterest RatesOct 23, 2026, 6:20 PM ETAnnaly Capital Management, Inc. (NLY) StockAGNC1 CommentThe Asian Investor33.39K FollowersAnnaly Capital Management, Inc. reported mixed Q3 results, with net interest spread rising, but its book value dropped at 11% Q/Q.I maintain a Hold rating on NLY due to heightened interest rate uncertainty and a less attractive investment setup following the Federal Reserve’s recent rate increase.NLY now trades at a 3% premium to book value, reflecting market concerns over further rate increases and their impact on book value and net interest income.The primary risk for NLY is sustained upward momentum in interest rates, which could persist if inflation remains elevated, particularly from rising energy costs.Getty ImagesMortgage REIT Annaly Capital Management, Inc. (NLY) reported mixed results for the third fiscal quarter on October 20, 2026, amid expected pressure on its mortgage-backed securities portfolio in a rising-rate world. Annaly Capital Management’s net interest spread increasedThis article was written byThe Asian Investor33.39K FollowersI am interested in a lot of technology and AI stocks like Google, Nvidia, AMD, Tesla and Amazon.Analyst’s Disclosure: I/we have a beneficial long position in the shares of NLY, AGNC either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.Comment(1)To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.Is this happening to you frequently? Please report it on our feedback forum.If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.