AGNC Investment and Annaly Capital Management AGNC Investment (NASDAQ: AGNC) and Annaly Capital Management (NYSE: NLY) are two stocks that can whip inflation now, survive a downturn, and reward shareholders along the way. They don't originate mortgages, but instead buy and sell government-backed mortgages packaged from Fannie Mae, Freddie Mac, and Ginnie Mae, so-called agency mortgages (hence AGNC Investment's name). AGNC's net interest spread was 2.19% in the third quarter, an improvement over the 2.09% it realized in the prior quarter and the 1.94% a year ago.