Trades and Prices for Pension Obligation Bonds: 02/06/2008

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: 02/06/2008.

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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)
CANTON OHIO PENSION REF	4.750%	12/01/2018	100.254 / 100.254		101.304 / 101.304	4.25% / 4.25%	2	10
CINCINNATI OHIO REF-POLICE & FIRE PENSION-C	4.250%	12/01/2026	98.000 / 98.000				1	60
CLINTON PRAIRIE IND SCH CORP PENSION	5.800%	01/15/2021	100.980 / 100.980				1	65
DENVER COLO CITY & CNTY SCH DIST NO 001 CTFS PARTN UNREFUNDED BAL-TAXABLE-PENSION	6.820%	12/15/2009			103.589 / 103.589	4.76% / 4.76%	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%	8	1455
EMPLOYEES RETIREMENT SYS GOVT COMWLTH PUERTO RICO RETAIL-SR PENSION FDG-SER A	6.150%	07/01/2038	100.000 / 100.000		100.000 / 100.000	6.15% / 6.15%	14	920
FRANKLIN BORO N J REF-TAXABLE-PENSION	4.000%	10/01/2009			100.000 / 100.000	4.00% / 4.00%	2	20
FRESNO CNTY CALIF PENSION OBLIG REF-TAXABLE	6.060%	08/15/2009			102.312 / 102.312	4.46% / 4.46%	1	40
HUNTINGTON PK CALIF PENSION OBLIG REF-TAXABLE-A-CONV 04/05/07	5.757%	08/01/2025			101.120 / 102.149	5.60% / 5.46%	10	200
ILLINOIS ST TAXABLE-PENSION	4.050%	06/01/2015	97.214 / 97.214		99.682 / 99.682	4.10% / 4.10%	7	680
JERSEY CITY N J REF-TAXABLE-PENSION OBLIG-B	5.375%	02/01/2022	102.722 / 102.722				1	5
KERN CNTY CALIF PENSION OBLIG CAP APPREC-TAXABLE	0.000%	08/15/2020			50.229 / 50.229	5.58% / 5.58%	3	210
LOS ANGELES CNTY CALIF PENSION OBLIG CAP APPREC-TAXABLE-SER C	0.000%	06/30/2008	97.960 / 98.000		98.500 / 102.563	3.94% / -6.47%	10	515
LOS ANGELES CNTY CALIF PENSION OBLIG CAP APPREC-TAXABLE-SER C	0.000%	06/30/2009	92.997 / 92.997		94.402 / 94.402	4.20% / 4.20%	2	70
LOS ANGELES CNTY CALIF PENSION OBLIG CTFS LTD INT MUN OBLIG-A-MBIA-IBC	6.900%	06/30/2008	101.284 / 101.284				1	15
MASSACHUSETTS ST HEALTH & EDL FACS AUTH REV SCHEPENS EYE RESEARCH-SER A	6.500%	07/01/2028			104.000 / 104.000	5.46% / 5.46%	2	50
MSD LAWRENCE TWP IND TAXABLE-PENSION	5.900%	07/05/2021	101.980 / 101.980				1	25
NEW JERSEY ECONOMIC DEV AUTH ST PENSION FDG REV SER A	7.425%	02/15/2029			118.150 / 118.150	5.91% / 5.91%	2	10
NEW JERSEY ECONOMIC DEV AUTH ST PENSION FDG REV SER B	0.000%	02/15/2018	59.403 / 59.403				1	20
OAKLAND CALIF PENSION OBLIG TAXABLE	0.000%	12/15/2022	38.900 / 38.900		42.122 / 42.122	5.91% / 5.91%	5	125
ORANGE CNTY CALIF PENSION OBLIG CAP APPREC-TAXABLE-REF-SER A	0.000%	09/01/2012	81.482 / 81.482		82.381 / 82.381	4.30% / 4.30%	3	330
OREGON SCH BRDS ASSN TAXABLE-PENSION-SER B	5.500%	06/30/2021	97.500 / 99.216				3	45
OREGON ST TAXABLE-PENSION	5.892%	06/01/2027					1	30
PATERSON N J CAP APPREC-REF-TAXABLE-PENSION	0.000%	04/01/2009			95.910 / 95.910	3.70% / 3.70%	2	60
PHILADELPHIA PA AUTH FOR INDL DEV PENSION FDG BRUTS-SER A07	%	02/15/2027	100.000 / 100.000		100.000 / 100.000	0.00% / 0.00%	2	10
PHILADELPHIA PA AUTH FOR INDL DEV PENSION FDG BRUTS-SER A07	%	04/15/2028	100.000 / 100.000		100.000 / 100.000	0.00% / 0.00%	2	50
PHILADELPHIA PA AUTH FOR INDL DEV PENSION FDG MERLOTS-SER A07	%	04/15/2028			100.000 / 100.000	0.00% / 0.00%	1	+1
PHILADELPHIA PA AUTH FOR INDL DEV PENSION FDG RETIREMENT SYS-SER A	5.890%	04/15/2011	104.250 / 104.250		105.580 / 105.580	4.00% / 4.00%	4	50
PHILADELPHIA PA AUTH FOR INDL DEV PENSION FDG RETIREMENT SYS-SER A	6.350%	04/15/2028	94.275 / 94.275				1	+1
PHILADELPHIA PA AUTH FOR INDL DEV PENSION FDG ZERO CPN-RETIREMENT SYS-SER B	0.000%	04/15/2014	73.670 / 73.670		73.981 / 74.649	4.94% / 4.79%	6	313
PORTLAND ME TAXABLE-PENSION BDS	%	06/01/2026	100.000 / 100.000				4	300+2
PORTLAND ORE PARS-TAXABLE-PENSION OBLIG-E	%	06/01/2019	100.000 / 100.000		100.000 / 100.000		16	2725+1
RIVERSIDE CALIF PENSION OBLIG ARS-TAXABLE-SER B	%	06/01/2025	100.000 / 100.000		100.000 / 100.000	0.00% / 0.00%	2	+2
SACRAMENTO CNTY CALIF CAP APPREC-TAXABLE-PENS FDG-A	0.000%	08/15/2011	83.582 / 83.582		85.485 / 85.485	4.52% / 4.52%	2	40
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
SACRAMENTO CNTY CALIF PENSION FDG CARS-TAXABLE-SER C-1	%	07/10/2030	100.000 / 100.000		100.000 / 100.000	0.00% / 0.00%	2	+2
SAN BERNARDINO CNTY CALIF FING AUTH PENSION OBLIG REV CAP APPREC	0.000%	08/01/2014			76.171 / 76.171	4.25% / 4.25%	2	200
SAN BERNARDINO CNTY CALIF FING AUTH PENSION OBLIG REV CAP APPREC	0.000%	08/01/2015	67.891 / 67.891				3	210
SAN BERNARDINO CNTY CALIF FING AUTH PENSION OBLIG REV CAP APPREC	0.000%	08/01/2018	54.210 / 54.210				2	390
SAN BERNARDINO CNTY CALIF PENSION OBLIG VAR-TAXABLE-SER B-1	%	08/01/2023	100.000 / 100.000		100.000 / 100.000		3	900+1
SAN DIEGO CALIF MET TRAN DEV BRD VAR-TAXABLE PENSION OBLIG-B	%	12/01/2033	100.000 / 100.000		100.000 / 100.000		6	2200
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	625
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	175
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	650
SAN DIEGO CNTY CALIF PENSION OBLIG TAXABLE-SER B	%	08/15/2032	100.000 / 100.000		100.000 / 100.000	4.11% / 0.00%	40	12250+12
SOUTH GATE CALIF PENSION OBLIG TAXABLE-REF	5.420%	06/01/2020			98.110 / 98.110	5.63% / 5.63%	1	15
WEEHAWKEN TWP N J BRD ED TAXABLE-REF-PENSION SER	4.700%	04/15/2010			99.746 / 99.746	4.82% / 4.82%	1	45
WEEHAWKEN TWP N J BRD ED TAXABLE-REF-PENSION SER	5.850%	04/15/2024	98.147 / 98.147		100.922 / 100.922	5.64% / 5.64%	4	80
WEST HAVEN CONN TAXABLE-PENSION	5.840%	03/15/2022	99.450 / 99.450		103.000 / 103.000	5.33% / 5.33%	4	40
WORCESTER MASS PENSION FDG LN	6.250%	01/01/2028	83.852 / 83.852				1	+1

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: