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What changed 10-Q

Item 3. Quantitative and Qualitative Disclosures About Market Risk

2022-08-05 compared with 2022-04-29 · 11 added, 9 removed, 363 unchanged (5% of the section changed)

23 unchanged sentences

of our securities

and the value

that constitute

our investment

85 unchanged sentences

rates, effective

duration captures

related security

3 unchanged sentences

above prevailing

effective duration

the effective

of securities

12 unchanged sentences

rate-sensitive

assuming rates

instantaneously

rates instantaneously

convexity, which

1 unchanged sentence

of the sensitivity

positions and

effective duration

21 unchanged sentences

the estimated

rate increases

interest rate

and decreases

2 unchanged sentences

Change in Interest Rate

As of March 31, 2022

As of June 30, 2022

-200 Basis Points

50 unchanged sentences

Various factors

affect the rate

rate at which

occur, including

23 unchanged sentences

on our Agency

interest rates,

of our Agency

22 unchanged sentences

of approximately

$14.7 million

(not including

18 unchanged sentences

counterparties

have the option

haircuts (margin

requirements)

18 unchanged sentences

we use futures

contracts and

and swaptions

61 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.