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Direct Agency CMO Spreads

Average Life (Yrs.) 0 to 2 2 to 7 7+
PAC
 04/09/03  147.0  146.0  165.0
 Previous Week  148.0  157.0  164.0
 1-Month Average  148.0  157.0  165.0
 12-Month Range  120-160  120-170  140-180
           
TAC
 04/09/03  51.0  135.0  161.0
 Previous Week  51.0  135.0  162.0
 1-Month Average  51.0  135.0  162.0
 12-Month Range  40-90  90-150  130-170
           
SEQ
 04/09/03  96.0  132.0  166.0
 Previous Week  97.0  133.0  167.0
 1-Month Average  97.0  133.0  166.0
 12-Month Range  70-110  110-150  130-180
All nominal spreads are in basis points over the equivalent maturity Treasury and are derived from actual transactions in each of the sectors defined.Source: Capital Management Sciences
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