AGNC stock in focus after Bessent details Trump’s $200B mortgage-bond buys, with CPI next
AGNC shares rose 2% to $11.41 Friday after Treasury Secretary Scott Bessent said the Trump administration began $3 billion in mortgage-bond purchases to offset the Fed’s monthly runoff. The program, funded by Fannie Mae and Freddie Mac, follows Trump’s $200 billion order. Investors await more details and Tuesday’s U.S. inflation data.