Direct Agency CMO Spreads

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

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

PAC
06/30/04	160	170	162
Previous Week	159	170	163
1-Month Average	160	170	163
12-Month Range	130-170	140-190	150-190

TAC
06/30/04	50	134	157
Previous Week	50	134	156
1-Month Average	50	134	157
12-Month Range	40-90	100-160	150-190

SEQ
06/30/04	108	144	180
Previous Week	107	145	181
1-Month Average	107	145	180
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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