Direct Agency CMO Spreads

March 29, 2004, 12:00 a.m. EST 1 Min Read

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

PAC
03/24/04	164	173	160
Previous Week	165	174	161
1-Month Average	165	174	160
12-Month Range	130-170	140-190	150-190

TAC
03/24/04	50	143	167
Previous Week	50	142	168
1-Month Average	50	142	168
12-Month Range	40-90	100-160	150-190

SEQ
03/24/04	114	150	181
Previous Week	115	149	182
1-Month Average	115	149	181
12-Month Range	100-140	130-170	140-200

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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