Date Coupon GNMA FHLMC
Gold
Ten-Year
Treasury
GNMA
Spread
FNMA
Spread
07/22/04 5.5 5.42 5.48 4.46 96.0 102.0
07/23/04 5.5 5.41 5.46 4.43 98.0 103.0
07/26/04 5.5 5.43 5.48 4.47 96.0 101.0
07/27/04 5.5 5.55 5.60 4.60 95.0 100.0
07/28/04 5.5 5.53 5.58 4.59 94.0 99.0

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