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Note 5 - Derivative and Other Hedging Instruments - Schedule of To Be Announced Securities (Details) - Short [Member] - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Three Percent TBA Securities [Member]    
Notional amount [1] $ (70,700) $ (500,000)
Cost [2] (59,278) (440,644)
Market value [3] (62,647) (440,274)
Net carrying value [4] (3,369) 370
Five Percent TBA Securities [Member]    
Notional amount [1] (250,000)  
Cost [2] (242,725)  
Market value [3] (247,657)  
Net carrying value [4] (4,932)  
Five and a Half Percent TBA Securities [Member]    
Notional amount [1] (325,000)  
Cost [2] (322,410)  
Market value [3] (326,803)  
Net carrying value [4] (4,393)  
TBA Contracts [Member]    
Notional amount [1] (645,700) (675,000)
Cost [2] (624,413) (582,912)
Market value [3] (637,107) (583,419)
Net carrying value [4] $ (12,694) (507)
Two Percent TBA Contract [Member]    
Notional amount [1]   (175,000)
Cost [2]   (142,268)
Market value [3]   (143,145)
Net carrying value [4]   $ (877)
[1] Notional amount represents the par value (or principal balance) of the underlying Agency RMBS.
[2] Cost basis represents the forward price to be paid (received) for the underlying Agency RMBS.
[3] Market value represents the current market value of the TBA securities (or of the underlying Agency RMBS) as of period-end.
[4] Net carrying value represents the difference between the market value and the cost basis of the TBA securities as of period-end and is reported in derivative assets (liabilities), at fair value in our balance sheets