Direct Agency CMO Spreads

February 16, 2004, 12:00 a.m. EST 1 Min Read

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

PAC
02/11/04	163	174	184
Previous Week	162	173	183
1-Month Average	162	173	183
12-Month Range	130-170	140-190	150-190

TAC
'02/11/04	50	144	169
Previous Week	50	143	168
1-Month Average	51	143	169
12-Month Range	40-90	90-150	130-170

SEQ
'02/11/04	118	145	179
Previous Week	117	144	179
1-Month Average	117	144	179
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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