Invesco Mortgage Capital Inc. (IVR) Management modestly increased the company’s debt-to-equity ratio to 7.0x as of quarter-end, up from 6.7x in September. The $6.3 billion investment portfolio now consists of $5.4 billion in Agency RMBS and $0.9 billion in Agency CMBS. Liquidity remains robust with $453.3 million in unrestricted cash and unencumbered investments.
No major analyst rating changes were reported today, though the consensus remains cautious given the flattening yield curve. The 10-year Treasury yield remained relatively stable, but the 2-year yield fell 14 basis points, contributing to a meaningful steepening of the curve.