Natural gas futures price gained 0.8% to $3.03/MMBtu after updated models pointed to below-normal temperatures in key consuming regions, sparking renewed buying interest among energy funds. Dynex Capital (DX) is another mREIT, this one dealing in agency mortgage-backed securities (MBSs), which are issued by government-sponsored enterprises such as Freddie Mac, Fannie Mae, and Ginnie Mae. They’re generally considered “safer” than non-agency mortgages, but they also generally pay lower rates. Mortgage REITs counter this with a hefty dose of leverage. First-of-month natural gas pricing, data, and market insights Natural gas futures price retested $2.93/MMBtu support after bearish weather revisions. Market watchers believe that storage draws will become sharper if cold patterns reemerge next month.
