Direct Agency CMO Spreads

January 17, 2005, 12:00 a.m. EST 1 Min Read

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

PAC
01/12/04	150.0	158.0	165.0
Previous Week	149.0	159.0	165.0
1-Month Average	150.0	159.0	166.0
12-Month Range	130-170	140-190	150-190

TAC
01/12/04	50.0	125.0	154.0
Previous Week	50.0	126.0	155.0
1-Month Average	50.0	126.0	155.0
12-Month Range	40-90	100-160	130-170

SEQ
01/12/04	103.0	135.0	177.0
Previous Week	104.0	136.0	176.0
1-Month Average	104.0	136.0	176.0
12-Month Range	80-130	120-160	140-190

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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