Trades and Prices for Pension Obligation Bonds: 04/10/2008

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: 04/10/2008.

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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%	12/01/2016			63.098 / 63.098	5.41% / 5.41%	2	40
BRIDGEPORT CONN TAXABLE PENSION BDS	7.530%	01/15/2011			108.625 / 108.625	4.17% / 4.17%	1	20
CONTRA COSTA CNTY CALIF PENSION OBLIG TAXABLE-REF	6.250%	06/01/2013	104.921 / 104.921				2	20
EMPLOYEES RETIREMENT SYS GOVT COMWLTH PUERTO RICO CAP APPREC-RETAIL-SR PENSION-A	0.000%	07/01/2028			29.257 / 29.257	6.15% / 6.15%	1	25
EMPLOYEES RETIREMENT SYS GOVT COMWLTH PUERTO RICO RETAIL-SR PENSION FDG-SER A	6.150%	07/01/2038	99.000 / 100.000		101.500 / 101.500	5.95% / 5.95%	9	1005
ILLINOIS ST TAXABLE-PENSION	3.550%	06/01/2011	99.100 / 99.100				2	340
ILLINOIS ST TAXABLE-PENSION	4.050%	06/01/2015			96.249 / 96.249	4.67% / 4.67%	1	650
OAKLAND CALIF PENSION OBLIG TAXABLE	0.000%	12/15/2013	74.981 / 74.981				2	80
ORANGE CNTY CALIF PENSION OBLIG CAP APPREC-TAXABLE-REF-SER A	0.000%	09/01/2013	77.079 / 77.079				2	20
ORANGE CNTY CALIF PENSION OBLIG CAP APPREC-TAXABLE-REF-SER A	0.000%	09/01/2014			72.752 / 72.752	5.05% / 5.05%	1	5
OREGON SCH BRDS ASSN TAXABLE-PENSION-SER B	5.500%	06/30/2021			98.500 / 98.500	5.66% / 5.66%	1	55
OREGON ST TAXABLE-PENSION	5.305%	06/01/2016	102.068 / 102.068		102.368 / 102.368	4.95% / 4.95%	2	80
OREGON ST TAXABLE-PENSION	5.762%	06/01/2023	103.292 / 103.292				1	10
OREGON ST LOC GOVTS LTD TAX-PENSION OBLIG-SER B	6.600%	06/01/2025	97.267 / 98.500		100.000 / 100.000	6.42% / 6.42%	4	20
OREGON ST LOC GOVTS TAXABLE-PENSION OBLIGATIONS	4.379%	06/01/2009			100.686 / 100.686	3.75% / 3.75%	2	25
PALM BAY FLA SPL OBLIG VAR-TAXABLE-PENSION FDG PROJ	%	10/01/2037			100.000 / 100.000		1	200
PHILADELPHIA PA AUTH FOR INDL DEV PENSION FDG RETIREMENT SYS-SER A	6.350%	04/15/2028					1	+1
PHILADELPHIA PA AUTH FOR INDL DEV PENSION FDG ZERO CPN-RETIREMENT SYS-SER B	0.000%	04/15/2014			74.330 / 74.330	5.01% / 5.01%	13	1502
PHILADELPHIA PA AUTH FOR INDL DEV PENSION FDG ZERO CPN-RETIREMENT SYS-SER B	0.000%	04/15/2020			48.573 / 48.573	6.11% / 6.11%	1	50
PORTLAND ME TAXABLE-PENSION BDS	%	06/01/2026	100.000 / 100.000		100.000 / 100.000		2	+2
SACRAMENTO CNTY CALIF WKLY-TAXABLE-PENS-B-RMK-7/1/98	%	07/01/2020	100.000 / 100.000		100.000 / 100.000		4	800+2
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 PENSION OBLIG REF	6.020%	08/01/2023			102.496 / 102.500	5.77% / 5.77%	11	2115
SAN DIEGO CALIF MET TRAN DEV BRD VAR-TAXABLE PENSION OBLIG-B	%	12/01/2033	100.000 / 100.000		100.000 / 100.000		6	1600+2
SAN DIEGO CNTY CALIF PENSION OBLIG CAP APPREC-TAXABLE-SER C	0.000%	08/15/2010	90.553 / 90.553				2	30
SHIPPENSBURG BORO PA AUTH REV VAR-BETHLEHEM AREA SCH DIST PJ	%	07/01/2031	100.000 / 100.000				1	200
SONOMA CNTY CALIF PENSION OBLIG TAXABLE-SER A	5.070%	12/01/2022					2	550

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.

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