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Direct Agency CMO Spreads

Average Life (Yrs.) 0 to 2 2 to 7 7+
PAC
 05/24/06  156.0  169.0  180.0
 Previous Week  155.0  169.0  179.0
 1-Month Average  155.0  169.0  179.0
 12-Month Range  130-170  140-190  150-190
           
TAC
 05/24/06  50.0  116.0  159.0
 Previous Week  50.0  117.0  158.0
 1-Month Average  50.0  117.0  158.0
 12-Month Range  40-90  100-160  130-170
           
SEQ
 05/24/06  114.0  141.0  171.0
 Previous Week  115.0  142.0  172.0
 1-Month Average  115.0  142.0  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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