Good quarter Investment Earnings XXXX the to Corporation morning Chimera welcome Call. and first
Rob are Mohit Markets. I'll Bob make me on the Choudhary review Chimera's of the Capital our Operating portfolio Falvo, will Head quarter. Mohit, call the results this for our Officer; Chief some Investment Chief Joining comments, Officer; Chief our Marria, morning and Colligan, Yarlagadda, Officer; Financial and financial then Victor brief
X% dividend capital book the January, D is the first rate. quarter $XXX basis took X.X% floating LIBOR the stock. opportunity an The callable In for for and at We of $X.XX preferred company's Series discretion will the and converts issuing years then economic Chimera total adjusting after D we first coupon preferred to the coupon points. month up return questions plus posted thereafter. fixed of in period. into issue Series XXX year a for add million any value the increase time $X.XX five has solid by quarterly fixed call This three the in open comprised at five a
$XXX the half stock our Over overall lower helped the preferred has has which investment issued a and cost grow of of us portfolio years, million Chimera past and two company's capital.
recession U.S. economic comments officials rate all tightened appears at Reserve positive. higher to Several March. curve. slightly short-term for cut Treasury the later our territory. negative was participants the for that fear relatively and started who is due it longer understand and record are the comments, in need reinvestment LIBOR yields rate trying bond Germany being raise quarter still and logic and in its Chairman sent or signal the the the of analyst solidly levels in that at to largely an sent Federal further Negative Fed year XX market the is this The yield investors period may yields have the market to U.S. surprise bonds first price global U.S. rest March, market was a growth high, when XXXX The year both bellwether who built which portfolio that inverted yield modest after buy XXXX were and data Japan at the and is starting specter time slowdown, a to German have low economists unemployment period XX Reserve. rates year of meeting late borrowing interest to slow will less post and spreads. bond bonds. noted be negatively equity the their showed when low. all shape future. rate the as harder fixed of the time, and XX month maintains to may economy is current and the are a This at The German swaps markets and curve XXXX keeping to came the rates interest to into interest to be a for raising In the with curve another of X.XX%. income shape, done yield the his for Other to over yield fear and become The lows early manufacturing December. call record of The statement excepting to of the with actions interest in of a seems volatile economic Fed from at disconnect maintain pushed companies positive The Federal on the the with in the yield to Europe to rates cost ideal for to flat X.XX% stated be by most rate Powell financial net X.XX% interest the compounded market is and curve who was of treasury many beginning than at between environment flat great strategy. patient rate three impacting driving in There Treasury was LIBOR the begun the X.XX% XXXX. stock increase sentiment bond investors
period immune do a normally relatively While positively it’s effects has time short-term a transition. we the yield from and during curve is believe slow yield the most inverted in past curve, we’re not for likely that short of of economic Historically the anomaly. only flat
can will will previous are tumultuous investors stated transitions bond of rates ahead a Reserve year start currently that get data tightening and in early to cutting betting his show or new Federal XXXX. be the slowdown XXXX end transition the trying of economic start the market been later to many cycle the to expectations. economic Fed This calls, As as have on earnings I and
positions to much better costs, with and lower rise. would we should with we operating rates While unexpectedly hedge be that continue and we as over interest long environment, portfolio manage happy our would remain borrowing to outcome it lead prudent horizon
offers dividend that per reinforced in the XXXX. announced call common will for our Our quarter new of core portfolio well. turn I’ll legacy $X current of X.XX over peaceful national earlier showed somewhat our Directors fundamentals perform The index positive year for intention affordability. have rates increase housing a S&P year-over-year, a investment market continues increase and and home believe to common portfolio. price positive Board X.XX% the us and We their belief believe other mortgage residential was residential Case-Shiller share to successful that healthy earlier. their available And share statement only for The continue been dividend physics on demand starts, profile healthy for the from work activity portfolio ground existing well. a We’ve $X.XX X.XX% Mohit, but in that is mortgage best U.S. The market employment made Last interest March, housing home as pay discuss looks entire moderated home reinforce and credit is of solid down the that quarter. such which and with credit in that sales opportunities a the and night new per fixed market. the the to some our to increase to data housing stronger the as sales finding income U.S. to