Fannie Mae is trading 4.05% lower at $3.32 amid broader market weakness after hotter-than-expected September inflation lifted Treasury yields and renewed concerns about Federal Reserve rate hikes.
- The S&P 500 is down 0.66%, and the Nasdaq Composite is down 0.91%.
- On October 13, Michael Burry warned of potential dilution, and Mizuho downgraded Fannie Mae to Neutral from Outperform.
- That news may remain relevant, but available reporting does not establish it as the direct cause of the October 14 move.