(Late) - Friday's Closing Levels

Was quite busy on the close Friday and with the pending weekend excursion, I opted to run out a bit early, so I didn't post an update for the close.

Agency spreads were narrow Friday, some buyers in the FNMA 2010's combined with the action in the US Treasuries.
FNMA 3% 2010 quoted at 85.4bps, -8.1 bps narrower
FHLMC 5 1/2% 2011's quoted at 25.8bps, 15.6 narrower

FNMA spreads back to their pre-bailout levels, while the FHLMC's holding on to most of the post-bailout gains.

2Y swaps marked out at 118.2 bps, -21.2bps tighter on Friday.
5Yr approaching the century mark, 101.3, 10.7 bps tighter on Friday.

Curve Spreads (Friday):
2/30 - 221bps
2/10 - 164bps
5/10 - 77bps