Shares of Annaly Capital Management (NYSE:NLY) 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.

David Hanson owns shares of Annaly Capital Management. Matt Koppenheffer owns shares of SVB Financial Group. The Motley Fool owns shares of Bank of Hawaii. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.