Trades and Prices for Pension Obligation Bonds: 02/05/2008

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: 02/05/2008.

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)
CONTRA COSTA CNTY CALIF FIRE PROTN DIST TAXABLE PENSION OBLIG	4.520%	08/01/2009			100.311 / 100.311	4.30% / 4.30%	1	100
DALLAS TEX TAXABLE-PENSION-SER A	5.195%	02/15/2035	100.548 / 100.548		100.737 / 100.737	5.14% / 5.14%	2	+2
DENVER COLO CITY & CNTY SCH DIST NO 001 CTFS PARTN UNREFUNDED BAL-TAXABLE-PENSION	6.790%	12/15/2008			102.182 / 102.182	4.15% / 4.15%	1	25
DENVER COLO CITY & CNTY SCH DIST NO 001 CTFS PARTN UNREFUNDED BAL-TAXABLE-PENSION	6.820%	12/15/2009	102.424 / 102.424				1	10
EMPLOYEES RETIREMENT SYS GOVT COMWLTH PUERTO RICO RETAIL SR PENSION FDG-SER A	5.850%	07/01/2023			100.000 / 100.000	5.85% / 5.85%	11	725
EMPLOYEES RETIREMENT SYS GOVT COMWLTH PUERTO RICO RETAIL-SR PENSION FDG-SER A	6.150%	07/01/2038	100.000 / 100.000		99.850 / 100.000	6.16% / 6.15%	22	2950
FRESNO CNTY CALIF PENSION OBLIG REF-TAXABLE	6.060%	08/15/2009	101.515 / 101.515				1	40
JOSEPHINE CNTY ORE PENSION OBLIG REV SER B	6.250%	06/01/2024	103.375 / 103.375				2	20
KERN CNTY CALIF PENSION OBLIG CAP APPREC-TAXABLE	0.000%	08/15/2018			55.522 / 55.522	5.67% / 5.67%	2	25
KERN CNTY CALIF PENSION OBLIG CAP APPREC-TAXABLE	0.000%	08/15/2020	46.560 / 46.560		50.260 / 50.260	5.58% / 5.58%	4	910
LOS ANGELES CNTY CALIF PENSION OBLIG CAP APPREC-TAXABLE-SER D	0.000%	06/30/2010			91.054 / 91.885	3.95% / 3.57%	8	185
LOS ANGELES CNTY CALIF PENSION OBLIG CTFS LTD INT MUN OBLIG CTF-SER A	6.900%	06/30/2008	101.641 / 101.641				1	10
MASSACHUSETTS ST HEALTH & EDL FACS AUTH REV SCHEPENS EYE RESEARCH-SER A	6.500%	07/01/2028	100.000 / 103.000				3	245
MIAMI FLA REV VAR-REF-TAXABLE-PENSION	%	12/01/2025	100.000 / 100.000				2	300+1
MULTNOMAH CNTY ORE TAXABLE-PENSION OBLIG	7.430%	06/01/2019			114.906 / 114.906	5.63% / 5.63%	3	55
NEW ORLEANS LA PENSION REV VAR-TAXABLE	%	09/01/2030			100.000 / 100.000		12	7400
OAKLAND CALIF PENSION OBLIG TAXABLE	0.000%	12/15/2020	46.892 / 46.892				1	5
ORANGE CNTY CALIF PENSION OBLIG CAP APPREC-TAXABLE-REF-SER A	0.000%	09/01/2010			86.657 / 86.657	5.66% / 5.66%	1	1
ORANGE CNTY CALIF PENSION OBLIG CAP APPREC-TAXABLE-REF-SER A	0.000%	09/01/2011	82.230 / 82.230				2	45
ORANGE CNTY CALIF PENSION OBLIG CAP APPREC-TAXABLE-REF-SER A	0.000%	09/01/2015	67.000 / 67.000				1	15
OREGON SCH BRDS ASSN TAXABLE-PENSION-SER B	5.500%	06/30/2021	97.420 / 98.500		100.250 / 100.250	2.27% / 2.27%	6	60
PENSACOLA FLA ARPT REV REF-SER A	4.375%	10/01/2027			97.050 / 97.050	4.60% / 4.60%	4	80
PHILADELPHIA PA AUTH FOR INDL DEV PENSION FDG ZERO CPN-RETIREMENT SYS-SER B	0.000%	04/15/2014	72.889 / 72.889		74.276 / 74.276	4.87% / 4.87%	2	45
PHILADELPHIA PA AUTH FOR INDL DEV PENSION FDG ZERO CPN-RETIREMENT SYS-SER B	0.000%	04/15/2015			68.625 / 68.625	5.31% / 5.31%	1	30
PHILADELPHIA PA AUTH FOR INDL DEV PENSION FDG ZERO CPN-RETIREMENT SYS-SER B	0.000%	04/15/2020	48.850 / 48.850		50.257 / 50.257	5.73% / 5.73%	7	875
PORTLAND ORE PARS-TAXABLE-PENSION OBLIG-E	%	06/01/2019	100.000 / 100.000				6	1375
SACRAMENTO CNTY CALIF CAP APPREC-TAXABLE-PENS FDG-A	0.000%	08/15/2010	89.925 / 89.925		90.551 / 90.551	3.98% / 3.98%	2	30
SACRAMENTO CNTY CALIF WKLY-TAXABLE-PENS-C-RMK-7/1/98	%	07/01/2022	100.000 / 100.000		100.000 / 100.000	3.30% / 3.30%	2	120
SAN DIEGO CALIF MET TRAN DEV BRD VAR-TAXABLE PENSION OBLIG-B	%	12/01/2033	100.000 / 100.000				2	200
SAN DIEGO CNTY CALIF PENSION OBLIG TAXABLE-SER B	%	08/15/2030	100.000 / 100.000		100.000 / 100.000	0.00% / 0.00%	5	325
SAN DIEGO CNTY CALIF PENSION OBLIG TAXABLE-SER B	%	08/15/2030	100.000 / 100.000		100.000 / 100.000	0.00% / 0.00%	3	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%	5	175
SAN DIEGO CNTY CALIF PENSION OBLIG TAXABLE-SER B	%	08/15/2032	100.000 / 100.000		100.000 / 100.000	0.00% / 0.00%	2	375
SHIPPENSBURG PA AREA SCH DIST	4.000%	11/15/2020					2	1000
SOUTH GATE CALIF PENSION OBLIG TAXABLE-REF	5.420%	06/01/2020	96.505 / 96.505				1	15
YOUNGSTOWN OHIO REF-PENSION	4.250%	12/01/2026			101.836 / 101.836	4.00% / 4.00%	1	200

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: