Direct Agency CMO Spreads

November 10, 2003, 12:00 a.m. EST 1 Min Read

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

PAC
37,923	154	165	174
Previous Week	153	164	174
1-Month Average	153	165	174
12-Month Range	120-160	120-170	140-180

TAC
37,923	50	135	163
Previous Week	50	134	162
1-Month Average	51	134	162
12-Month Range	40-90	90-150	130-170

SEQ
37,923	107	137	170
Previous Week	106	137	169
1-Month Average	106	137	169
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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