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Benzinga
Benzinga
Business
John Navin

Annaly Capital Management's Rare 3-Standard Deviation Selloff

NYSE Interest Rates US Federal Reserve

The effects of rising interest rates continue to hit markets and none more so than in the mortgage sector. The amount of selling lately, for example, in Annaly Capital Management Inc. (NYSE:NLY) is remarkable for its extraordinary downward pressure on price levels.

Here’s the daily price chart, to show you how extreme this is:

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