Monthly Market Commentary Archive

Management at Annaly publishes a monthly market commentary and will occasionally express their thoughts and opinions on more specific issues and events in the financial markets. These commentaries are intended for informational purposes only, and should not be construed as an offer to sell, nor a solicitation of an offer to buy, any securities of Annaly Mortgage Management, Inc. or any other company.

All information contained herein is obtained by Annaly from sources believed by it to be accurate and reliable. However, such information is presented “as is,” without warranty of any kind, and Annaly, in particular, makes no representation or warranty, express or implied, as to the accuracy, timeliness, or completeness of any such information or with regard to the results to be obtained from its use. While Annaly has attempted to make the information current at the time of its posting on the site, it may well be or become outdated, stale or otherwise subject to a variety of legal qualifications by the time you actually read it.

The commentaries contain the opinions of members of management of Annaly at the time of their posting on the site. Such opinions are subject to change without notice. This commentary is distributed for informational purposes and should not be considered investment advice. This commentary is not intended to advance or sell any particular securities. Any such references are purely for illustrative purposes. Any discussion of the securities of any particular company does not constitute any endorsement of it by Annaly.

©2005 by Annaly Mortgage Management, Inc. All rights reserved. No part of this commentary may be reproduced in any form and/or any medium, without express written permission of Annaly.