UPDATE: National Securities Maintains Hatteras Financial Neutral

National Securities maintained its Hatteras Financial

Neutral rating in a research report published today. In the report, National Securities stated, "We believe that 2.61% (annualized) Q1'12 adjustablerate MBS portfolio yield may decline in the second half of 2012 as low, competing 30-year fixed rates may lead ARM borrowers to refinance to fixed rate products (which may increase prepayment level and depress asset yield)." Shares of Hatteras Financial were trading at $28.75 at the time of posting, up 0.07% from Tuesday's market close.