FNMA 5s over 2s/10s swaps; Dwarf 5s over 2s/5s swaps; FNMA 5s over Dwarf 4.5s; Roll FNMA 6s through June; Sell the FNMA 6s butterfly; GNMA 6.5s over FNMA 6.5s; Dwarf 5.5s over FNMA 6s; Dwarf 5s and 5.5s over 4.5s and 6s; Seasoned 7s POs and 6.5% IOs.

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