Direct Agency CMO Spreads

May 12, 2003, 12:00 a.m. EDT 1 Min Read

Average Life (Yrs.)	0 to 2	2 to 7	7+

PAC
05/07/03	146	158	165
Previous Week	146	157	165
1-Month Average	146	157	165
12-Month Range	120-160	120-170	140-180

TAC
05/07/03	50	135	161
Previous Week	50	134	160
1-Month Average	51	134	161
12-Month Range	40-90	90-150	130-170

SEQ
05/07/03	96	133	164
Previous Week	95	132	165
1-Month Average	95	132	165
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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