A Cleaner Income Trade: Annaly Preferred I as Rate Cuts Lose Momentum
Annaly Preferred I shares offer a higher-quality income exposure within the mortgage REIT complex. With the market pushing back aggressive rate-cut expectations, these preferreds look attractive: steady coupon, limited downside versus callable common equity, and cleaner carry. This trade lays out an entry, stop and target with a 180-trading-day hor…