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Because the Federal Reserve has indicated that interest rate hikes could come in late 2023, this could adversely impact NLY’s net interest spread. The uncertainty surrounding the timing of the Fed’s tapering also continues to worry investors. NLY has retreated 6.5% over the past three months and 4.4% over the past month to close Friday’s trading session at $8.49. In addition, NLY entered a definitive agreement in March 2021 to sell its commercial real estate business to Slate Asset Management L.P. So, its near-term prospects look uncertain.
Here are the factors that we think could shape NLY’s performance in the coming months:
