Sterne Agee Comments on Annaly Capital Management

Sterne Agee provided color on Annaly Capital Management NLY in a research report published today. Sterne Agee has previously given Annaly a Neutral rating. In the report, Sterne Agee states, "We expect an extended period of low funding rates coupled by moderate prepayment activity will be beneficial to Annaly's portfolio strategy." Shares of Annaly were trading at $17.40 at the time of posting, down 0.51% from Monday's market close.