Direct Agency CMO Spreads

December 01, 2003, 12:00 a.m. EST 1 Min Read

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

PAC
37,944	157	167	177
Previous Week	156	166	176
1-Month Average	156	166	176
12-Month Range	120-160	120-170	140-180

TAC
37,944	50	138	167
Previous Week	50	137	165
1-Month Average	51	137	166
12-Month Range	40-90	90-150	130-170

SEQ
37,944	110	140	173
Previous Week	109	139	172
1-Month Average	109	138	172
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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