Direct Agency CMO Spreads

November 17, 2003, 12:00 a.m. EST 1 Min Read

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

PAC
11/12/03	156	166	176
Previous Week	155	166	175
1-Month Average	155	166	175
12-Month Range	120-160	120-170	140-180

TAC
11/12/03	50	137	165
Previous Week	50	136	164
1-Month Average	51	136	164
12-Month Range	40-90	90-150	130-170

SEQ
37,937	109	139	172
Previous Week	108	138	171
1-Month Average	108	137	171
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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