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Direct Agency CMO Spreads

Average Life (Yrs.) 0 to 2 2 to 7 7+
PAC
 03/02/04  149.0  160.0  171.0
 Previous Week  150.0  161.0  170.0
 1-Month Average  150.0  161.0  170.0
 12-Month Range  130-170  140-190  150-190
           
TAC
 03/02/04  50.0  122.0  150.0
 Previous Week  50.0  123.0  151.0
 1-Month Average  50.0  123.0  151.0
 12-Month Range  40-90  100-160  130-170
           
SEQ
 03/02/04  100.0  131.0  170.0
 Previous Week  101.0  131.0  171.0
 1-Month Average  101.0  132.0  171.0
 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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