Direct Agency CMO Spreads

September 27, 2004, 12:00 a.m. EDT 1 Min Read

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

PAC
38,252	160	166	170
Previous Week	159	167	171
1-Month Average	159	167	171
12-Month Range	130-170	140-190	150-190

TAC
38,252	50	125	160
Previous Week	50	126	161
1-Month Average	50	126	160
12-Month Range	40-90	100-160	150-190

SEQ
38,252	102	143	183
Previous Week	103	144	184
1-Month Average	101	144	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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