15.25 Percent Yield Is Courtesy of the Fed

  • by:
  • 08/21/2022

15.25 Percent Yield Is Courtesy of the Fed (TheGlobalGuru.com)

Earlier this month, Federal Reserve Bank of Chicago President Charles Evans said the Fed would keep rates near zero well into 2015 due to the country’s uneven recovery. And he immediately became the best buddy of investors in the iShares Mortgage Real Estate Capped ETF (REM). Unlike REITs that generate income by managing properties and collecting rent, REM profits on the spread between the short-term interest rate and income from mortgage-backed securities. So thanks to Evans, REM’s impressive 15.25 percent yield looks to be a solid play into the next year.

Image:
ADVERTISEMENT

Opinion

View All

JACK POSOBIEC: The government goes after MAGA and Trump while pedophilia in Hollywood is 'perfectly fine'

"Why would Nickelodeon employ people who had been already convicted of child sex abuse?"...

UK medical body claims preventing teachers from 'affirming' child sex change will 'cause distress' to students

The medical body told the UK Department of Education it does not think parents should always know if ...

Evan Gershkovich's detention in Russia extended over espionage allegations

The US ambassador to Russia, Lynne Tracy, maintained that "the accusations against Evan are categoric...

Women workers at greater risk of being replaced by AI: study

7.9 million jobs would be lost in the "worst-case scenario."...