Direct Agency CMO Spreads

August 02, 2004, 12:00 a.m. EDT 1 Min Read

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

PAC
07/28/04	161	170	168
Previous Week	162	171	166
1-Month Average	161	171	166
12-Month Range	130-170	140-190	150-190

TAC
07/28/04	50	130	157
Previous Week	50	131	156
1-Month Average	50	131	157
12-Month Range	40-90	100-160	150-190

SEQ
07/28/04	104	145	184
Previous Week	105	145	183
1-Month Average	105	145	183
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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