Direct Agency CMO Spreads

April 05, 2004, 12:00 a.m. EDT 1 Min Read

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

PAC
03/31/04	165	171	159
Previous Week	164	173	160
1-Month Average	165	173	160
12-Month Range	130-170	140-190	150-190

TAC
03/31/04	50	142	166
Previous Week	50	143	167
1-Month Average	50	142	167
12-Month Range	40-90	100-160	150-190

SEQ
03/31/04	113	149	182
Previous Week	114	150	181
1-Month Average	115	150	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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