Direct Agency CMO Spreads

February 09, 2004, 12:00 a.m. EST 1 Min Read

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

PAC
02/4/04	162	173	183
Previous Week	162	174	182
1-Month Average	162	173	182
12-Month Range	130-170	140-190	150-190

TAC
02/4/04	50	143	168
Previous Week	50	144	170
1-Month Average	51	143	169
12-Month Range	40-90	90-150	130-170

SEQ
02/4/04	117	144	179
Previous Week	115	145	177
1-Month Average	116	144	178
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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