Trades and Prices for Pension Obligation Bonds: 03/18/2008

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: 03/18/2008.

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)
ALAMEDA CNTY CALIF PENSION OBLIG CAP APPREC-TAXABLE-SER B	0.000%	12/01/2009	93.590 / 93.590		94.473 / 94.473	3.40% / 3.40%	2	200+1
BELL CALIF PUB FING AUTH REV TAXABLE-PENSION	5.100%	08/01/2012			102.226 / 102.226	4.53% / 4.53%	3	80
CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV TAXABLE-CAP APPREC-PENSION-A-2	0.000%	06/01/2008	99.261 / 99.261				1	10
CINCINNATI OHIO REF-POLICE & FIRE PENSION-C	4.250%	12/01/2026	92.320 / 92.320		94.250 / 95.250	4.72% / 4.63%	4	210
EL PASO TEX TAXABLE-PENSION	5.830%	08/15/2016			106.684 / 106.684	4.85% / 4.85%	2	120
EMPLOYEES RETIREMENT SYS GOVT COMWLTH PUERTO RICO RETAIL-SR PENSION FDG-SER A	6.150%	07/01/2038	99.750 / 99.875				2	145
GAINESVILLE FLA PENSION OBLIG REV TAXABLE-SER A	0.000%	10/01/2021			45.138 / 45.138	5.97% / 5.97%	2	40
ILLINOIS ST TAXABLE-PENSION	4.950%	06/01/2023			101.700 / 101.700	4.79% / 4.79%	3	60
ILLINOIS ST TAXABLE-PENSION	5.100%	06/01/2033	98.221 / 98.221		99.555 / 99.555	5.13% / 5.13%	2	+2
LOS ANGELES CNTY CALIF PENSION OBLIG CAP APPREC-TAXABLE-SER C	0.000%	06/30/2008	99.080 / 99.080		99.009 / 99.009	3.75% / 3.75%	4	80
LOS ANGELES CNTY CALIF PENSION OBLIG CAP APPREC-TAXABLE-SER C	0.000%	06/30/2009			95.613 / 95.613	3.57% / 3.57%	1	30
LOS ANGELES CNTY CALIF PENSION OBLIG CAP APPREC-TAXABLE-SER D	0.000%	06/30/2010	91.269 / 91.269				2	20
LOS ANGELES CNTY CALIF PENSION OBLIG TAXABLE-SER D	6.970%	06/30/2008			101.037 / 101.037	3.00% / 3.00%	2	50
LYNDHURST TWP N J TAXABLE-REF-PENSION	4.300%	10/01/2011			101.830 / 101.830	3.74% / 3.74%	2	20
MIAMI FLA REV VAR-REF-TAXABLE-PENSION	%	12/01/2025	100.000 / 100.000				1	95
NEW JERSEY ECONOMIC DEV AUTH ST PENSION FDG REV SER B	0.000%	02/15/2011			88.549 / 88.549	4.25% / 4.25%	2	90
NEW JERSEY ECONOMIC DEV AUTH ST PENSION FDG REV SER B	0.000%	02/15/2025			39.339 / 39.436	5.60% / 5.58%	4	3000
NEW ORLEANS LA PENSION REV VAR-TAXABLE	%	09/01/2030	100.000 / 100.000				1	100
NEWARK N J REF-TAXABLE-PENSION	5.125%	04/01/2015	103.125 / 103.125		104.336 / 104.336	4.40% / 4.40%	3	200
OAKLAND CALIF PENSION OBLIG TAXABLE	0.000%	12/15/2014			72.005 / 72.005	4.94% / 4.94%	1	5
OREGON SCH BRDS ASSN TAXABLE-PENSION-SER B	5.500%	06/30/2021	96.000 / 97.000		100.000 / 100.000	5.50% / 5.50%	6	105
OREGON SCH BRDS ASSN TAXABLE-PENSION-SER B	5.450%	06/30/2024	92.560 / 92.560				4	20
PASSAIC N J REF-TAXABLE-PENSION	5.125%	02/01/2014	100.670 / 100.670				1	5
PENSACOLA FLA ARPT REV REF-SER A	4.250%	10/01/2023	88.461 / 88.461				1	15
PHILADELPHIA PA AUTH FOR INDL DEV PENSION FDG ZERO CPN-RETIREMENT SYS-SER B	0.000%	04/15/2014	72.624 / 72.624		74.000 / 75.894	5.03% / 4.61%	3	55
PHILADELPHIA PA AUTH FOR INDL DEV PENSION FDG ZERO CPN-RETIREMENT SYS-SER B	0.000%	04/15/2019	49.255 / 49.255				3	150
PORTLAND ME TAXABLE-PENSION BDS	%	06/01/2026	100.000 / 100.000				2	200
RIVERSIDE CALIF PENSION OBLIG TAXABLE-SER A	4.680%	06/01/2015			100.578 / 100.578	4.58% / 4.58%	4	80
SACRAMENTO CNTY CALIF CAP APPREC-TAXABLE-PENS FDG-A	0.000%	08/15/2010	89.900 / 89.900				2	40
SACRAMENTO CNTY CALIF CAP APPREC-TAXABLE-PENS FDG-A	0.000%	08/15/2011	85.867 / 85.867				2	30
SACRAMENTO CNTY CALIF TAXABLE-PENSION FDG-SER A	6.875%	08/15/2008	100.117 / 100.117				2	30
SACRAMENTO CNTY CALIF WKLY-TAXABLE-PENS-B-RMK-7/1/98	%	07/01/2020	100.000 / 100.000		100.000 / 100.000		2	300
SAN BERNARDINO CNTY CALIF FING AUTH PENSION OBLIG REV	6.940%	08/01/2009			104.200 / 104.500	3.72% / 3.50%	3	65
SAN BERNARDINO CNTY CALIF FING AUTH PENSION OBLIG REV CAP APPREC	0.000%	08/01/2016	60.900 / 60.900		65.129 / 65.129	5.20% / 5.20%	5	165
SAN BERNARDINO CNTY CALIF FING AUTH PENSION OBLIG REV CAP APPREC	0.000%	08/01/2017	56.150 / 56.150				4	780
SAN DIEGO CALIF MET TRAN DEV BRD TAXABLE PENSION OBLIG-SER A	4.270%	12/01/2011	100.461 / 100.461				15	370
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 A	3.880%	08/15/2008	99.901 / 99.901				10	450
SHIPPENSBURG PA AREA SCH DIST	3.450%	11/01/2016					2	420
STANISLAUS CNTY CALIF PENSION OBLIG TAXABLE-REF	7.150%	08/15/2013			108.084 / 108.084	5.40% / 5.40%	4	255

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: