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Direct Agency CMO Spreads

Average Life (Yrs.) 0 to 2 2 to 7 7+
PAC
 08/17/05  146.0  158.0  166.0
 Previous Week  147.0  158.0  167.0
 1-Month Average  147.0  159.0  167.0
 12-Month Range  130-170  140-190  150-190
           
TAC
 08/17/05  50.0  118.0  150.0
 Previous Week  50.0  119.0  151.0
 1-Month Average  50.0  119.0  152.0
 12-Month Range  40-90  100-160  130-170
           
SEQ
 08/17/05  111.0  136.0  168.0
 Previous Week  110.0  137.0  167.0
 1-Month Average  111.0  139.0  168.0
 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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