In the continuing search for new ideas, I've stumbled onto an industry-wide insider buying of mortgage REITs (AGNC, TWO, WMC, AMTG). These companies, which borrow short term to buy long term mortgage-backed securities, are in effect leveraged mortgage lenders/banks. They are an implicit bet on the steepness of the yield curve, namely that short term rates (<1 yr) remain (much) lower than long term (mortgage) rates (5 yr+).
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