Shares of Annaly Capital Management (NLY -1.22%) were crushed in 2013 as the mortgage REIT's bond portfolio dropped in valued and its interest rate spread narrowed. Shares are off to a hot start in 2014, but its interest rate spread remains under pressure for a variety of reasons.

In the following video, Motley Fool analysts Matt Koppenheffer and David Hanson discuss Annaly's recent quarter and what is causing the company to struggle in certain areas.