With an Over 16% Yield, Is Now the Time to Buy AGNC Stock?

AGNC Investment, a mortgage REIT holding agency-backed mortgage-backed securities, saw its tangible book value decline nearly 17% in Q3 due to rising interest rates. However, the article suggests this may present a buying opportunity as MBS yields are now attractive at 6.5%, future Fed rate hikes appear priced in, and the company continues to cover its 16%+ dividend yield with solid net spread income.