Direct Agency CMO Spreads

October 06, 2003, 12:00 a.m. EDT 1 Min Read

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

PAC
09/30/03	151	163	170
Previous Week	150	163	169
1-Month Average	150	163	169
12-Month Range	120-160	120-170	140-180

TAC
09/30/03	50	133	159
Previous Week	50	134	158
1-Month Average	51	133	158
12-Month Range	40-90	90-150	130-170

SEQ
09/30/03	104	134	168
Previous Week	103	135	169
1-Month Average	103	135	168
12-Month Range	80-120	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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