Trades and Prices for Pension Obligation Bonds: 01/16/2008

These reports represent inter-dealer and customer trades in municipal securities that have been reported by dealers to the Municipal Securities Rulemaking Board. The reports do not necessarily reflect all transactions that were effected on the specific trade date. Because of the possibility of errors in the trade submission process or errors or omissions in other processing of data, the reports should not be used as the sole basis for pricing or executing transactions in municipal securities. Prices for securities transactions vary with market conditions and can be affected by trade size and other factors.

All Information for Trade Date: 01/16/2008.

Please be patient, this page takes a few seconds to load on a 56K modem.

The Red Flag indicates the bid/offer market spread for this Municipal Bond exceeded 4 points.
Red numbering in the Bid or Offer column indicates the spread between high and low price exceeded 1 point.
Red numbering in the Yield column indicates a negative yield.

Municipal Bond Name / Description	Coupon	Maturity	Bid Side Customer Sold to Dealer (Lowest / Highest)		Offer Side Customer Purchase from Dealer (Lowest / Highest)	Yield* Offer Side (Lo Px / Hi Px)	# of Trades	Volume (000)
FORT LEE N J TAXABLE-REF-PENSION	4.800%	03/01/2015			101.826 / 101.826	4.40% / 4.40%	2	20
ILLINOIS ST TAXABLE-PENSION	3.850%	06/01/2013	97.577 / 97.577		98.332 / 98.426	4.20% / 4.18%	12	2535+4
ILLINOIS ST TAXABLE-PENSION	5.100%	06/01/2033			99.516 / 100.420	5.13% / 5.07%	2	+2
KERN CNTY CALIF PENSION OBLIG CAP APPREC-TAXABLE	0.000%	08/15/2019	51.907 / 51.907				2	650
KERN CNTY CALIF PENSION OBLIG CAP APPREC-TAXABLE	0.000%	08/15/2020			49.657 / 50.268	5.65% / 5.55%	4	1510
KERN CNTY CALIF PENSION OBLIG CAP APPREC-TAXABLE	0.000%	08/15/2021	46.343 / 46.343				2	1170
KNOX CNTY TENN TAXABLE-PENSION-SER A	6.375%	05/01/2011	100.320 / 100.440				2	125
LONG BEACH CALIF PENSION OBLIG REF-TAXABLE-A-RMKT 12/30/2005	4.840%	09/01/2009	100.340 / 100.340				1	100
LOS ANGELES CNTY CALIF PENSION OBLIG CAP APPREC-TAXABLE-SER C	0.000%	06/30/2009	91.680 / 93.582		93.599 / 94.460	4.65% / 4.00%	10	250
LOS ANGELES CNTY CALIF PENSION OBLIG CAP APPREC-TAXABLE-SER D	0.000%	06/30/2010			90.792 / 90.792	4.00% / 4.00%	2	50
MASSACHUSETTS ST HEALTH & EDL FACS AUTH REV SCHEPENS EYE RESEARCH-SER A	6.500%	07/01/2028			102.500 / 103.500	6.28% / 6.20%	2	25
MULTNOMAH CNTY ORE TAXABLE-PENSION OBLIG	7.300%	06/01/2012	109.100 / 109.100				1	10
NEW JERSEY ECONOMIC DEV AUTH ST PENSION FDG REV SER B	0.000%	02/15/2012	81.782 / 81.782		84.657 / 84.657	4.14% / 4.14%	4	90
NEW JERSEY ECONOMIC DEV AUTH ST PENSION FDG REV SER B	0.000%	02/15/2018	55.393 / 55.393		56.623 / 58.379	5.73% / 5.42%	6	140
NEW JERSEY ECONOMIC DEV AUTH ST PENSION FDG REV SER B	0.000%	02/15/2022	42.312 / 42.312				2	30
NEW JERSEY ECONOMIC DEV AUTH ST PENSION FDG REV SER B	0.000%	02/15/2026	32.899 / 32.899				2	20
OAKLAND CALIF PENSION OBLIG TAXABLE	0.000%	12/15/2011			85.697 / 85.697	4.00% / 4.00%	2	50
OAKLAND CALIF PENSION OBLIG TAXABLE	0.000%	12/15/2022			41.625 / 41.625	5.97% / 5.97%	1	20
ORANGE CNTY CALIF PENSION OBLIG CAP APPREC-TAXABLE-REF-SER A	0.000%	09/01/2012			79.651 / 79.651	5.00% / 5.00%	2	16
OREGON SCH BRDS ASSN TAXABLE-PENSION DEFD INT-SER A	0.000%	06/30/2012	81.003 / 81.003				2	30
OREGON SCH BRDS ASSN TAXABLE-PENSION-SER B	5.500%	06/30/2021	96.060 / 96.060				2	15
OREGON ST TAXABLE-PENSION	5.892%	06/01/2027	103.357 / 103.357				1	15
OREGON ST LOC GOVTS TAXABLE-PENSION OBLIGATIONS	5.004%	06/01/2028					3	1800
PALM BAY FLA SPL OBLIG TAXABLE-PENSION FDG PROJ	5.550%	10/01/2031	91.070 / 91.070				3	15
PATERSON N J CAP APPREC-REF-TAXABLE-PENSION	0.000%	04/01/2010			91.818 / 91.818	3.93% / 3.93%	1	30
PHILADELPHIA PA AUTH FOR INDL DEV PENSION FDG RETIREMENT SYS-SER A	6.350%	04/15/2028	103.125 / 103.327				7	660
PHILADELPHIA PA AUTH FOR INDL DEV PENSION FDG ZERO CPN-RETIREMENT SYS-SER B	0.000%	04/15/2014	70.494 / 71.905		71.916 / 73.405	5.36% / 5.02%	8	1070
PHILADELPHIA PA AUTH FOR INDL DEV PENSION FDG ZERO CPN-RETIREMENT SYS-SER B	0.000%	04/15/2017	59.307 / 59.311				4	140
PHILADELPHIA PA AUTH FOR INDL DEV PENSION FDG ZERO CPN-RETIREMENT SYS-SER B	0.000%	04/15/2018	55.769 / 55.769				2	100
PORTLAND ORE PARS-TAXABLE-PENSION OBLIG-E	%	06/01/2019	100.000 / 100.000		100.000 / 100.000		19	2200
SACRAMENTO CNTY CALIF WKLY-TAXABLE-PENS-C-RMK-7/1/98	%	07/01/2022	100.000 / 100.000		100.000 / 100.000	4.40% / 4.40%	11	2620+3
SAN BERNARDINO CNTY CALIF FING AUTH PENSION OBLIG REV	6.940%	08/01/2009	102.980 / 102.980				2	115
SAN BERNARDINO CNTY CALIF FING AUTH PENSION OBLIG REV CAP APPREC	0.000%	08/01/2012			82.740 / 82.740	4.23% / 4.23%	2	30
SAN BERNARDINO CNTY CALIF FING AUTH PENSION OBLIG REV CAP APPREC	0.000%	08/01/2015			68.707 / 68.707	5.05% / 5.05%	1	10
SAN BERNARDINO CNTY CALIF PENSION OBLIG VAR-TAXABLE-SER B-1	%	08/01/2023	100.000 / 100.000		100.000 / 100.000		3	2925
SAN BERNARDINO CNTY CALIF PENSION OBLIG VAR-TAXABLE-SER B-2	%	08/01/2023	100.000 / 100.000		100.000 / 100.000	0.00% / 0.00%	10	2275+2
SAN DIEGO CALIF MET TRAN DEV BRD VAR-TAXABLE PENSION OBLIG-B	%	12/01/2033	100.000 / 100.000				1	100
SAN DIEGO CNTY CALIF PENSION OBLIG TAXABLE-SER B	%	08/15/2030	100.000 / 100.000		100.000 / 100.000	0.00% / 0.00%	51	13100+8
SAN DIEGO CNTY CALIF PENSION OBLIG TAXABLE-SER B	%	08/15/2030	100.000 / 100.000		100.000 / 100.000	0.00% / 0.00%	6	250
SAN DIEGO CNTY CALIF PENSION OBLIG TAXABLE-SER B	%	08/15/2030	100.000 / 100.000		100.000 / 100.000	0.00% / 0.00%	4	100
SAN DIEGO CNTY CALIF PENSION OBLIG TAXABLE-SER B	%	08/15/2032	100.000 / 100.000		100.000 / 100.000		4	400
SHIPPENSBURG BORO PA AUTH REV VAR-BETHLEHEM AREA SCH DIST PJ	%	07/01/2031			100.000 / 100.000		1	+1
SHIPPENSBURG PA AREA SCH DIST	4.000%	11/15/2017	100.233 / 100.233				2	50
SHIPPENSBURG PA AREA SCH DIST	4.000%	11/15/2020			102.500 / 102.500	3.37% / 3.37%	1	25
SOLANO CNTY CALIF PENSION FDG TAXABLE	4.990%	01/15/2010	99.530 / 99.530				1	45
STOCKTON CALIF PENSION OBLIG TAXABLE-SER B	5.675%	09/01/2026	101.849 / 101.849				2	600

These reports represent inter-dealer and customer trades in municipal securities that have been reported by dealers to the Municipal Securities Rulemaking Board. The reports do not necessarily reflect all transactions that were effected on the specific trade date. Because of the possibility of errors in the trade submission process or errors or omissions in other processing of data, the reports should not be used as the sole basis for pricing or executing transactions in municipal securities. Prices for securities transactions vary with market conditions and can be affected by trade size and other factors.

Data provided by: