Trades and Prices for Pension Obligation Bonds: 04/25/2008

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: 04/25/2008.

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)
BALTIMORE CNTY MD REF-PENSION FUNDING	5.000%	08/01/2010	101.264 / 101.264				1	35
BERKELEY CALIF REF-PENSION	5.000%	06/01/2018	100.589 / 100.589		102.070 / 102.070	3.94% / 3.94%	5	175
CONTRA COSTA CNTY CALIF PENSION OBLIG TAXABLE-SER A	5.010%	06/01/2016			99.209 / 99.209	5.13% / 5.13%	1	35
EMPLOYEES RETIREMENT SYS GOVT COMWLTH PUERTO RICO CAP APPREC-RETAIL-SR PENSION-A	0.000%	07/01/2028	29.329 / 29.329				1	45
EMPLOYEES RETIREMENT SYS GOVT COMWLTH PUERTO RICO RETAIL-SR PENSION FDG-SER A	6.150%	07/01/2038	100.000 / 100.000		101.875 / 101.875	5.91% / 5.90%	8	460
ERIE CNTY N Y TAXABLE-PENSION-SER C	4.000%	12/15/2008			100.000 / 100.000	3.99% / 3.99%	1	500
FRESNO CNTY CALIF PENSION OBLIG REF-TAXABLE	6.450%	08/15/2014			107.125 / 107.125	5.11% / 5.11%	2	30
JOSEPHINE CNTY ORE PENSION OBLIG REV LTD TAX-SER A	0.000%	06/01/2015	67.380 / 67.380				2	20
KERN CNTY CALIF PENSION OBLIG CAP APPREC-TAXABLE	0.000%	08/15/2018					2	30
LONG BEACH CALIF PENSION OBLIG TAXABLE-PREREFUNDED	7.240%	09/01/2011	106.617 / 106.617				4	60
LONG BEACH CALIF PENSION OBLIG TAXABLE-UNREFUNDED BALANCE	7.240%	09/01/2011	105.351 / 105.351				4	20
LOS ANGELES CNTY CALIF PENSION OBLIG CAP APPREC-TAXABLE-SER C	0.000%	06/30/2008	99.220 / 99.220				2	80
LOS ANGELES CNTY CALIF PENSION OBLIG CAP APPREC-TAXABLE-SER C	0.000%	06/30/2009	94.820 / 94.820				1	65
LOS ANGELES CNTY CALIF PENSION OBLIG CAP APPREC-TAXABLE-SER D	0.000%	06/30/2010	88.673 / 88.673				2	50
LOS ANGELES CNTY CALIF PENSION OBLIG CTFS LTD INT MUN OBLIG CTF-SER A	6.900%	06/30/2008			100.745 / 100.745	2.36% / 2.36%	1	25
LYNDHURST TWP N J SCH DIST REF-TAXABLE-PENSION	5.000%	04/01/2014	99.010 / 99.010				1	60
NEW JERSEY ECONOMIC DEV AUTH ST PENSION FDG REV SER A	7.425%	02/15/2029	113.648 / 113.648				1	15
NEWARK N J REF-TAXABLE-PENSION	5.125%	04/01/2015	98.000 / 98.000				1	15
NEWARK N J REF-TAXABLE-PENSION OBLIG	5.853%	04/01/2022			102.729 / 102.729	5.57% / 5.57%	2	50
OAKLAND CALIF PENSION OBLIG CAP APPREC-TAXABLE-SUB-SER A	0.000%	12/15/2010			90.393 / 90.474	3.88% / 3.85%	5	135
OAKLAND CALIF PENSION OBLIG TAXABLE	0.000%	12/15/2020			48.438 / 48.438	5.83% / 5.83%	1	30
ORANGE CNTY CALIF PENSION OBLIG CAP APPREC-TAXABLE-REF-SER A	0.000%	09/01/2011	82.000 / 82.000		82.850 / 82.850	5.72% / 5.72%	3	30
ORANGE CNTY CALIF PENSION OBLIG CAP APPREC-TAXABLE-REF-SER A	0.000%	09/01/2015	61.000 / 61.000		61.425 / 61.425	6.75% / 6.75%	3	60
OREGON SCH BRDS ASSN TAXABLE-PENSION DEFD INT-SER A	0.000%	06/30/2014			74.191 / 74.191	4.90% / 4.90%	3	+3
OREGON SCH BRDS ASSN TAXABLE-PENSION-SER A	4.759%	06/30/2028	88.603 / 88.603		91.000 / 91.000	5.50% / 5.50%	4	300
OREGON SCH BRDS ASSN TAXABLE-PENSION-SER B	5.500%	06/30/2021	95.000 / 95.000		99.000 / 100.000	5.61% / 5.37%	14	90
OREGON ST TAXABLE-PENSION	4.605%	06/01/2011	99.220 / 99.220		100.000 / 100.000	4.60% / 4.60%	4	140
OREGON ST LOC GOVTS TAXABLE-PENSION OBLIG	5.350%	06/01/2013			103.500 / 103.500	4.57% / 4.57%	1	25
PHILADELPHIA PA AUTH FOR INDL DEV PENSION FDG ZERO CPN-RETIREMENT SYS-SER B	0.000%	04/15/2019			51.875 / 51.875	6.09% / 6.08%	5	295
PHILADELPHIA PA AUTH FOR INDL DEV PENSION FDG ZERO CPN-RETIREMENT SYS-SER B	0.000%	04/15/2022			40.883 / 41.533	6.51% / 6.39%	32	1700
SACRAMENTO CNTY CALIF WKLY-TAXABLE-PENS-C-RMK-7/1/98	%	07/01/2022	100.000 / 100.000		100.000 / 100.000		3	1700
SAN DIEGO CNTY CALIF PENSION OBLIG TAXABLE-SER B	%	08/15/2030	100.000 / 100.000		100.000 / 100.000	0.00% / 0.00%	2	200
STOCKTON CALIF PENSION OBLIG TAXABLE-SER A	5.140%	09/01/2017	96.077 / 96.077				1	100
WEST HAVEN CONN TAXABLE-PENSION	4.890%	03/15/2012			98.987 / 98.987	5.18% / 5.18%	1	370

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: