Direct Agency CMO Spreads

July 24, 2006, 12:00 a.m. EDT 1 Min Read

Average Life (Yrs.)	0 to 2	2 to 7	7+

PAC
07/19/06	145.0	164.0	178.0
Previous Week	147.0	166.0	180.0
1-Month Average	149.0	167.0	180.0
12-Month Range	120-160	140-190	150-200

TAC
07/19/06	50.0	112.0	156.0
Previous Week	50.0	113.0	157.0
1-Month Average	50.0	114.0	159.0
12-Month Range	40-90	100-140	130-170

SEQ
07/19/06	109.0	134.0	165.0
Previous Week	111.0	136.0	167.0
1-Month Average	112.0	136.0	169.0
12-Month Range	80-130	110-160	130-180

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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