Direct Agency CMO Spreads

April 19, 2004, 12:00 a.m. EDT 1 Min Read

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

PAC
04/14/04	165	171	160
Previous Week	166	172	160
1-Month Average	165	172	160
12-Month Range	130-170	140-190	150-190

TAC
'04/14/04	50	141	165
Previous Week	50	141	166
1-Month Average	50	141	166
12-Month Range	40-90	100-160	150-190

SEQ
'04/14/04	113	147	182
Previous Week	112	148	181
1-Month Average	113	148	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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