Direct Agency CMO Spreads

August 23, 2004, 12:00 a.m. EDT 1 Min Read

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

PAC
08/18/04	158	168	171
Previous Week	159	167	170
1-Month Average	160	169	170
12-Month Range	130-170	140-190	150-190

TAC
08/18/04	50	129	160
Previous Week	50	130	159
1-Month Average	50	130	159
12-Month Range	40-90	100-160	150-190

SEQ
08/18/04	103	145	185
Previous Week	104	144	186
1-Month Average	105	144	185
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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