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Direct Agency CMO Spreads

Average Life (Yrs.) 0 to 2 2 to 7 7+
PAC
 03/29/06  152.0  167.0  176.0
 Previous Week  151.0  166.0  175.0
 1-Month Average  152.0  166.0  175.0
 12-Month Range  130-170  140-190  150-190
           
TAC
 03/29/06  50.0  118.0  156.0
 Previous Week  50.0  117.0  156.0
 1-Month Average  50.0  117.0  156.0
 12-Month Range  40-90  100-160  130-170
           
SEQ
 03/29/06  116.0  144.0  171.0
 Previous Week  116.0  145.0  170.0
 1-Month Average  117.0  144.0  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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