Direct Agency CMO Spreads

August 09, 2004, 12:00 a.m. EDT 1 Min Read

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

PAC
08/03/04	160	168	169
Previous Week	161	170	168
1-Month Average	161	170	168
12-Month Range	130-170	140-190	150-190

TAC
08/03/04	50	131	158
Previous Week	50	130	157
1-Month Average	50	131	157
12-Month Range	40-90	100-160	150-190

SEQ
08/03/04	105	144	185
Previous Week	104	145	184
1-Month Average	105	145	184
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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