Trades and Prices for Pension Obligation Bonds: 02/21/2008

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: 02/21/2008.

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)
EAST ORANGE N J REF-TAXABLE-PENSION	5.000%	04/01/2014			103.768 / 103.818	4.17% / 4.16%	6	1305
EAST ORANGE N J REF-TAXABLE-PENSION	5.125%	04/01/2015			103.472 / 103.872	4.36% / 4.27%	3	1215
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%	2	40
HUNTINGTON PK CALIF PENSION OBLIG REF-TAXABLE-A-CONV 04/05/07	5.757%	08/01/2025			100.435 / 100.573	5.70% / 5.68%	3	90
ILLINOIS ST TAXABLE-PENSION	3.300%	06/01/2010	92.445 / 92.445				4	20
ILLINOIS ST TAXABLE-PENSION	3.950%	06/01/2014			97.713 / 97.713	4.37% / 4.37%	1	+1
ILLINOIS ST TAXABLE-PENSION	4.050%	06/01/2015			96.869 / 96.869	4.56% / 4.56%	1	+1
KERN CNTY CALIF PENSION OBLIG CAP APPREC-TAXABLE	0.000%	08/15/2018			54.208 / 54.208	5.93% / 5.93%	1	18
KERN CNTY CALIF PENSION OBLIG CAP APPREC-TAXABLE	0.000%	08/15/2021	44.300 / 44.300				1	25
LONG BEACH CALIF PENSION OBLIG REF-TAXABLE-B-RMKT 12/30/2005	5.110%	09/01/2015			104.000 / 104.000	4.48% / 4.48%	2	450
LOS ANGELES CNTY CALIF PENSION OBLIG CAP APPREC-TAXABLE-SER C	0.000%	06/30/2008			98.909 / 98.909	3.20% / 3.20%	1	30
LOS ANGELES CNTY CALIF PENSION OBLIG CAP APPREC-TAXABLE-SER D	0.000%	06/30/2010	89.400 / 89.400				2	100
NEW JERSEY ECONOMIC DEV AUTH ST PENSION FDG REV SER B	0.000%	02/15/2009	96.375 / 96.375				2	90
NEW JERSEY ECONOMIC DEV AUTH ST PENSION FDG REV SER B	0.000%	02/15/2012			83.797 / 83.797	4.50% / 4.50%	1	5
NEW ORLEANS LA PENSION REV VAR-TAXABLE	%	09/01/2030			100.000 / 100.000		2	200
OAKLAND CALIF PENSION OBLIG TAXABLE	0.000%	12/15/2014			73.120 / 73.120	4.66% / 4.66%	3	150
OAKLAND CALIF PENSION OBLIG TAXABLE	0.000%	12/15/2022			41.754 / 41.754	5.98% / 5.98%	1	85
ORANGE CNTY CALIF PENSION OBLIG CAP APPREC-TAXABLE-REF-SER A	0.000%	09/01/2008	97.222 / 97.222		96.955 / 96.955	6.11% / 6.11%	2	120
OREGON SCH BRDS ASSN TAXABLE PENSION	5.296%	06/30/2015	104.467 / 104.467		104.861 / 104.861	4.51% / 4.51%	3	+3
OREGON SCH BRDS ASSN TAXABLE-PENSION	5.023%	06/30/2016	102.063 / 102.063				2	800
OREGON SCH BRDS ASSN TAXABLE-PENSION DEFD INT-SER A	0.000%	06/30/2008	98.779 / 98.779		98.799 / 98.799	3.53% / 3.53%	2	+2
OREGON SCH BRDS ASSN TAXABLE-PENSION-SER B	5.500%	06/30/2021	97.500 / 97.500		99.500 / 99.500	5.55% / 5.55%	4	65
OREGON SCH BRDS ASSN TAXABLE-PENSION-SER B	5.450%	06/30/2024			99.250 / 99.250	5.52% / 5.52%	1	10
OREGON ST TAXABLE-PENSION	4.855%	06/01/2013	103.392 / 103.392		103.823 / 103.823	4.04% / 4.04%	3	+3
OREGON ST TAXABLE-PENSION	5.305%	06/01/2016	103.973 / 103.973		104.080 / 104.080	4.70% / 4.70%	2	+2
OREGON ST TAXABLE-PENSION	5.892%	06/01/2027	105.090 / 105.090		104.711 / 105.590	5.49% / 5.42%	5	65
PHILADELPHIA PA AUTH FOR INDL DEV PENSION FDG RETIREMENT SYS-SER A	6.350%	04/15/2028	98.637 / 98.637		99.768 / 99.768	6.37% / 6.37%	10	2475+3
PHILADELPHIA PA AUTH FOR INDL DEV PENSION FDG ZERO CPN-RETIREMENT SYS-SER B	0.000%	04/15/2014			74.078 / 74.078	4.95% / 4.95%	1	20
PORTLAND ME TAXABLE-PENSION BDS	%	06/01/2026	100.000 / 100.000				5	900
SACRAMENTO CNTY CALIF WKLY-TAXABLE-PENS-B-RMK-7/1/98	%	07/01/2020	100.000 / 100.000				4	1500
SAN BERNARDINO CNTY CALIF FING AUTH PENSION OBLIG REV CAP APPREC	0.000%	08/01/2015			67.338 / 67.338	5.39% / 5.39%	2	10
SAN BERNARDINO CNTY CALIF FING AUTH PENSION OBLIG REV CAP APPREC	0.000%	08/01/2018			57.512 / 57.512	5.37% / 5.37%	3	150
SAN BERNARDINO CNTY CALIF PENSION OBLIG VAR-TAXABLE-SER B-1	%	08/01/2023	100.000 / 100.000		100.000 / 100.000		8	900+3
SAN BERNARDINO CNTY CALIF PENSION OBLIG VAR-TAXABLE-SER B-2	%	08/01/2023			100.000 / 100.000	0.00% / 0.00%	1	+1
SAN BERNARDINO CNTY CALIF PENSION OBLIG VAR-TAXABLE-SER B-3	%	08/01/2023	100.000 / 100.000		100.000 / 100.000		12	575+4
SAN DIEGO CALIF MET TRAN DEV BRD VAR-TAXABLE PENSION OBLIG-B	%	12/01/2033	100.000 / 100.000		100.000 / 100.000		10	4050
SCRANTON PA TAXABLE-PENSION FDG-SER C	5.600%	09/01/2033			92.750 / 93.375	6.17% / 6.12%	2	40
SHIPPENSBURG BORO PA AUTH REV VAR-BETHLEHEM AREA SCH DIST PJ	%	07/01/2031	100.000 / 100.000				1	+1
TUCKAHOE N Y TAXABLE-PENSION	5.150%	05/01/2009	100.971 / 100.971				1	40

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: