Trades and Prices for Pension Obligation Bonds: 04/07/2008

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: 04/07/2008.

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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)
ALAMEDA CNTY CALIF PENSION OBLIG CAP APPREC-TAXABLE-SER B	0.000%	12/01/2009			94.574 / 94.574	3.43% / 3.43%	2	240
ALAMEDA CNTY CALIF PENSION OBLIG CAP APPREC-TAXABLE-SER B	0.000%	12/01/2016	61.016 / 61.016				2	40
BELL CALIF PUB FING AUTH REV TAXABLE-PENSION	5.170%	08/01/2013			103.863 / 103.863	4.35% / 4.35%	2	200
BRIDGEPORT CONN TAXABLE PENSION BDS	7.530%	01/15/2011			108.187 / 108.187	4.35% / 4.35%	2	400
CHULA VISTA CALIF PENSION OBLIG TAXABLE	7.875%	08/01/2008			100.963 / 100.963	4.64% / 4.64%	2	50
ELKHART IND CMNTY SCHS TAXABLE-PENSION	5.750%	07/05/2014			106.815 / 106.815	4.48% / 4.48%	1	200
EMPLOYEES RETIREMENT SYS GOVT COMWLTH PUERTO RICO RETAIL-SR PENSION FDG-SER A	6.150%	07/01/2038	100.000 / 100.000		100.000 / 101.667	6.15% / 5.93%	5	480+2
FRESNO CNTY CALIF PENSION OBLIG REF-TAXABLE	6.450%	08/15/2014	104.750 / 104.750				1	25
HIGH POINT N J REGL HIGH SCH DIST REF-TAXABLE-PENSION	4.750%	07/15/2013			101.857 / 101.857	4.35% / 4.35%	1	20
HOWELL TWP N J SCH DIST REF-TAXABLE-SCH-PENSION	4.950%	07/15/2015	99.510 / 99.510				1	20
ILLINOIS ST TAXABLE-PENSION	2.800%	06/01/2009			98.500 / 98.500	4.16% / 4.16%	1	25
JOSEPHINE CNTY ORE PENSION OBLIG REV LTD TAX-SER A	0.000%	06/01/2016			65.839 / 65.839	5.20% / 5.20%	1	15
JOSEPHINE CNTY ORE PENSION OBLIG REV SER B	6.250%	06/01/2024	99.000 / 99.000				1	10
LONG BEACH CALIF PENSION OBLIG REF-TAXABLE-B-RMKT 12/30/2005	5.110%	09/01/2015	99.750 / 99.750				3	60
LOS ANGELES CNTY CALIF PENSION OBLIG CAP APPREC-TAXABLE-SER C	0.000%	06/30/2008	98.841 / 98.841				1	40
LOS ANGELES CNTY CALIF PENSION OBLIG CAP APPREC-TAXABLE-SER D	0.000%	06/30/2010	89.550 / 89.550				4	40
MONTCLAIR TWP N J REF-TAXABLE-PENSION	5.650%	04/01/2018	98.753 / 98.753		101.500 / 101.500	5.30% / 5.30%	2	10
NEW JERSEY ECONOMIC DEV AUTH ST PENSION FDG REV SER B	0.000%	02/15/2020	51.749 / 51.749				1	100
NORTH ADAMS IND CMNTY SCH CORP TAXABLE-PENSION	4.600%	07/05/2010			101.586 / 101.586	3.85% / 3.85%	1	25
OAKLAND CALIF PENSION OBLIG TAXABLE	0.000%	12/15/2015			67.922 / 67.922	5.10% / 5.10%	1	50
OAKLAND CALIF PENSION OBLIG TAXABLE	0.000%	12/15/2019	51.498 / 51.498		52.574 / 52.574	5.58% / 5.58%	2	200
ORANGE CNTY CALIF PENSION OBLIG CAP APPREC-TAXABLE-REF-SER A	0.000%	09/01/2015	64.018 / 64.018		65.617 / 65.617	5.78% / 5.78%	2	20
OREGON SCH BRDS ASSN TAXABLE-PENSION-SER A	4.183%	06/30/2010	98.480 / 98.480				1	10
OREGON SCH BRDS ASSN TAXABLE-PENSION-SER B	5.500%	06/30/2021			98.190 / 98.190	5.70% / 5.70%	1	40
OREGON SCH BRDS ASSN TAXABLE-PENSION-SER B	5.680%	06/30/2028	97.817 / 97.817		100.000 / 100.000	5.68% / 5.68%	4	120
PHILADELPHIA PA AUTH FOR INDL DEV PENSION FDG RETIREMENT SYS-SER A	6.350%	04/15/2028	102.499 / 105.100				4	600+1
PHILADELPHIA PA AUTH FOR INDL DEV PENSION FDG ZERO CPN-RETIREMENT SYS-SER B	0.000%	04/15/2014			74.123 / 74.123	5.04% / 5.04%	3	540
PHILADELPHIA PA AUTH FOR INDL DEV PENSION FDG ZERO CPN-RETIREMENT SYS-SER B	0.000%	04/15/2020			48.741 / 48.741	6.07% / 6.07%	4	30
PITTSBURGH PA TAXABLE-PENSION-SER B	6.300%	03/01/2012			105.000 / 105.000	4.87% / 4.87%	1	20
POMONA CALIF PENSION OBLIG REF-TAXABLE-SER AR	5.732%	07/01/2025	99.505 / 99.505				2	500
PORTLAND ME TAXABLE-PENSION BDS	%	06/01/2026			100.000 / 100.000		2	500
SACRAMENTO CNTY CALIF WKLY-TAXABLE-PENS-B-RMK-7/1/98	%	07/01/2020	100.000 / 100.000		100.000 / 100.000		3	1200
SACRAMENTO CNTY CALIF WKLY-TAXABLE-PENS-C-RMK-7/1/98	%	07/01/2022	100.000 / 100.000		100.000 / 100.000		2	500
SAN BERNARDINO CNTY CALIF FING AUTH PENSION OBLIG REV CAP APPREC	%	08/01/2015	66.486 / 66.486		67.933 / 67.933	5.36% / 5.36%	2	20
SAN BERNARDINO CNTY CALIF FING AUTH PENSION OBLIG REV CAP APPREC	%	08/01/2016			64.500 / 65.809	5.35% / 5.10%	4	150
SAN BERNARDINO CNTY CALIF PENSION OBLIG REF	6.020%	08/01/2023			102.050 / 102.200	5.82% / 5.80%	9	70+3
SAN DIEGO CALIF MET TRAN DEV BRD VAR-TAXABLE PENSION OBLIG-B	%	12/01/2033	100.000 / 100.000		100.000 / 100.000		3	600
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	125
SAN LUIS OBISPO CNTY CALIF PENSION OBLIG TAXABLE-SER A	4.200%	09/01/2014			98.892 / 98.892	4.40% / 4.40%	1	15
WEEHAWKEN TWP N J BRD ED TAXABLE-REF-PENSION SER	5.850%	04/15/2024	94.134 / 94.134		98.250 / 98.250	6.02% / 6.02%	4	60

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: