AGNC | SOURCE: THOUGHTS ON THE MARKET - MORGAN STANLEY
Jan 21, 2026 IC-REF: eb16479a

AGNC: Insider Accumulation vs. Sentiment Analysis

Executive Thesis: AGNC benefits from the Trump administration's $200B GSE mortgage purchase program through spread compression, but the initial 15bp rally has fully priced the announced policy while technical overbought conditions and continued insider selling suggest waiting for better entry points.


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