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Direct Agency CMO Spreads

Average Life (Yrs.) 0 to 2 2 to 7 7+
PAC
 09/20/06  130.0  152.0  166.0
 Previous Week  131.0  153.0  167.0
 1-Month Average  133.0  154.0  168.0
 12-Month Range  120-160  140-190  150-200
           
TAC
 09/20/06  50.0  101.0  144.0
 Previous Week  50.0  101.0  145.0
 1-Month Average  50.0  102.0  145.0
 12-Month Range  40-90  90-130  130-170
           
SEQ
 09/20/06  101.0  124.0  152.0
 Previous Week  102.0  125.0  152.0
 1-Month Average  102.0  125.0  153.0
 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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