Direct Agency CMO Spreads

May 24, 2004, 12:00 a.m. EDT 1 Min Read

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

PAC
05/19/04	160	172	158
Previous Week	161	171	159
1-Month Average	161	171	159
12-Month Range	130-170	140-190	150-190

TAC
05/19/04	50	136	161
Previous Week	50	137	162
1-Month Average	50	137	162
12-Month Range	40-90	100-160	150-190

SEQ
05/19/04	108	142	178
Previous Week	109	143	179
1-Month Average	109	144	179
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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