Direct Agency CMO Spreads

January 19, 2004, 12:00 a.m. EST 1 Min Read

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

PAC
01/14/04	161	172	181
Previous Week	160	171	180
1-Month Average	160	171	180
12-Month Range	130-170	140-190	150-190

TAC
01/14/04	50	142	169
Previous Week	50	141	168
1-Month Average	51	141	168
12-Month Range	40-90	90-150	130-170

SEQ
01/14/04	113	143	177
Previous Week	112	142	176
1-Month Average	112	142	176
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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