Direct Agency CMO Spreads

July 14, 2003, 12:00 a.m. EDT 1 Min Read

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

PAC
07/09/03	152	161	167
Previous Week	151	160	166
1-Month Average	151	160	166
12-Month Range	120-160	120-170	140-180

TAC
07/09/03	50	136	161
Previous Week	50	135	160
1-Month Average	51	135	161
12-Month Range	40-90	90-150	130-170

SEQ
07/09/03	100	135	168
Previous Week	99	134	167
1-Month Average	99	135	167
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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