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Direct Agency CMO Spreads

Average Life (Yrs.) 0 to 2 2 to 7 7+
PAC
 12/08/04  155.0  165.0  170.0
 Previous Week  157.0  166.0  172.0
 1-Month Average  157.0  166.0  171.0
 12-Month Range  130-170  140-190  150-190
           
TAC
 12/08/04  50.0  127.0  158.0
 Previous Week  50.0  126.0  159.0
 1-Month Average  50.0  127.0  159.0
 12-Month Range  40-90  100-160  140-180
           
SEQ
 12/08/04  106.0  140.0  178.0
 Previous Week  107.0  142.0  180.0
 1-Month Average  106.0  142.0  180.0
 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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