Direct Agency CMO Spreads

May 31, 2004, 12:00 a.m. EDT 1 Min Read

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

PAC
05/26/04	159	171	159
Previous Week	160	172	158
1-Month Average	160	171	159
12-Month Range	130-170	140-190	150-190

TAC
05/26/04	50	135	160
Previous Week	50	136	161
1-Month Average	50	136	161
12-Month Range	40-90	100-160	150-190

SEQ
05/26/04	107	142	177
Previous Week	108	142	178
1-Month Average	108	143	178
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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