Company: NLY-PF
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001043219-25-000012
Chunk: 69

Company: ANNALY CAPITAL MANAGEMENT INC
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 2
Chunk 69
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. For example, a bond’s yield that changed from 3.00% to 3.50% would be said to have moved 50 basis points.BenchmarkA bond or an index referencing a basket of bonds whose terms are used for comparison with other bonds of similar maturity. The global financial market typically looks to U.S. Treasury securities as benchmarks.Beneficial OwnerOne who benefits from owning a security, even if the security’s title of ownership is in the name of a broker or bank.BoardRefers to the board of directors of Annaly.BondThe written evidence of debt, bearing a stated rate or stated rates of interest, or stating a formula for determining that rate, and maturing on a date certain, on which date and upon presentation a fixed sum of money plus interest (usually represented by interest coupons attached to the bond) is payable to the holder or owner. Bonds are long-term securities with an original maturity of greater than one year. Book Value Per ShareCalculated by summing common stock, additional paid-in capital, accumulated other comprehensive income (loss) and accumulated deficit and dividing that number by the total common shares outstanding.BrokerGeneric name for a securities firm engaged in both buying and selling securities on behalf of customers or its own account.CCapital BufferIncludes unencumbered financial assets which can be either sold or utilized as collateral to meet liquidity needs.Capital Ratio (GAAP Capital Ratio)Calculated as total stockholders’ equity divided by total assets. 

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ANNALY CAPITAL MANAGEMENT, INC. AND SUBSIDIARIESItem 2. Management’s Discussion and Analysis 

CarryThe amount an asset earns over its hedging and financing costs. A positive carry happens when the rate on the securities being financed is greater than the rate on the funds borrowed. A negative carry is when the rate on the funds borrowed is greater than the rate on the securities that are being financed.CollateralSecurities, cash or property pledged by a borrower or party to a derivative contract to secure payment of a loan or derivative. If the borrower fails to repay the loan or defaults under the derivative contract, the secured party may take ownership of the collateral.Collateralized Loan Obligation (“CLO”)A securitization collateralized by loans and other debt instruments.Collateralized Mortgage Obligation (“CMO”)A multiclass bond backed by a pool of mortgage pass-through securities or mortgage loans.Commodity Futures Trading Commission (“CFTC”)An independent U.S. federal agency established by the Commodity Futures