Direct Agency CMO Spreads

May 03, 2004, 12:00 a.m. EDT 1 Min Read

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

PAC
04/28/04	163	169	158
Previous Week	164	170	159
1-Month Average	164	170	159
12-Month Range	130-170	140-190	150-190

TAC
04/28/04	50	139	163
Previous Week	50	140	164
1-Month Average	50	140	164
12-Month Range	40-90	100-160	150-190

SEQ
04/28/04	111	145	181
Previous Week	112	146	182
1-Month Average	112	146	182
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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