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Direct Agency CMO Spreads

Average Life (Yrs.) 0 to 2 2 to 7 7+
PAC
 07/13/05  149.0  160.0  170.0
 Previous Week  151.0  161.0  171.0
 1-Month Average  151.0  161.0  171.0
 12-Month Range  130-170  140-190  150-190
           
TAC
 07/13/05  50.0  122.0  154.0
 Previous Week  50.0  123.0  155.0
 1-Month Average  50.0  124.0  155.0
 12-Month Range  40-90  100-160  130-170
           
SEQ
 07/13/05  110.0  139.0  169.0
 Previous Week  111.0  140.0  170.0
 1-Month Average  110.0  140.0  170.0
 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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