Direct Agency CMO Spreads

July 21, 2003, 12:00 a.m. EDT 1 Min Read

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

PAC
07/16/03	152	162	167
Previous Week	152	161	167
1-Month Average	152	161	167
12-Month Range	120-160	120-170	140-180

TAC
07/16/03	50	137	160
Previous Week	50	136	161
1-Month Average	51	136	161
12-Month Range	40-90	90-150	130-170

SEQ
07/16/03	101	134	167
Previous Week	100	135	168
1-Month Average	100	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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