Direct Agency CMO Spreads

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

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

PAC
07/07/04	160	171	164
Previous Week	160	170	162
1-Month Average	160	170	163
12-Month Range	130-170	140-190	150-190

TAC
07/07/04	50	133	158
Previous Week	50	134	157
1-Month Average	50	134	157
12-Month Range	40-90	100-160	150-190

SEQ
07/07/04	107	145	182
Previous Week	108	144	180
1-Month Average	107	145	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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