Trades and Prices for Pension Obligation Bonds: 04/28/2008

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: 04/28/2008.

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)
AKRON OHIO INCOME TAX REV REF-PENSION	4.750%	12/01/2023	98.400 / 98.400		100.000 / 100.000	4.75% / 4.75%	4	140
BALTIMORE CNTY MD REF-PENSION FUNDING	5.000%	08/01/2010			101.605 / 101.705	2.51% / 2.12%	4	70
BERKELEY CALIF REF-PENSION	5.000%	06/01/2018			102.069 / 102.069	3.94% / 3.94%	2	50
EMPLOYEES RETIREMENT SYS GOVT COMWLTH PUERTO RICO RETAIL SR PENSION FDG-SER A	5.850%	07/01/2023	100.125 / 100.125				1	+1
EMPLOYEES RETIREMENT SYS GOVT COMWLTH PUERTO RICO RETAIL-SR PENSION FDG-SER A	6.150%	07/01/2038	100.000 / 100.375		101.875 / 101.875	5.90% / 5.90%	6	1615
FRANKLIN TWP SOMERSET CNTY N J OPENS SPACE TRUST FUND	4.125%	05/01/2011	104.402 / 104.402		105.200 / 105.200	2.32% / 2.32%	3	300
ILLINOIS ST TAXABLE-PENSION	5.100%	06/01/2033	93.000 / 93.000				1	5
JOSEPHINE CNTY ORE PENSION OBLIG REV SER B	6.250%	06/01/2024	101.250 / 101.250				1	5
LONG BEACH CALIF PENSION OBLIG REF-TAXABLE-A-RMKT 12/30/2005	4.960%	09/01/2011	100.270 / 100.270				1	700
LOS ANGELES CNTY CALIF PENSION OBLIG CAP APPREC-TAXABLE-SER C	0.000%	06/30/2008			99.470 / 99.470	3.25% / 3.25%	2	80
LOS ANGELES CNTY CALIF PENSION OBLIG CAP APPREC-TAXABLE-SER D	0.000%	06/30/2010			90.975 / 90.975	4.42% / 4.42%	3	30
NEWARK N J REF-TAXABLE-PENSION OBLIG	5.603%	04/01/2018	101.400 / 101.400		103.303 / 103.303	5.17% / 5.17%	4	345
NEWARK N J REF-TAXABLE-PENSION OBLIG	5.853%	04/01/2022			102.060 / 102.719	5.64% / 5.57%	6	360
OREGON SCH BRDS ASSN TAXABLE-PENSION DEFD INT-SER A	0.000%	06/30/2014			74.191 / 74.191	4.90% / 4.90%	3	750
OREGON SCH BRDS ASSN TAXABLE-PENSION-SER B	5.500%	06/30/2021	96.200 / 96.200		99.500 / 99.500	5.55% / 5.55%	4	60
OREGON SCH BRDS ASSN TAXABLE-PENSION-SER B	5.450%	06/30/2024	93.000 / 93.000				1	10
PENSACOLA FLA ARPT REV REF-SER A	4.250%	10/01/2024	92.147 / 92.147				2	40
PHILADELPHIA PA AUTH FOR INDL DEV PENSION FDG RETIREMENT SYS-SER A	5.890%	04/15/2011	101.750 / 101.750				1	35
PHILADELPHIA PA AUTH FOR INDL DEV PENSION FDG ZERO CPN-RETIREMENT SYS-SER B	0.000%	04/15/2014	73.390 / 73.390		74.943 / 74.943	4.90% / 4.90%	3	78
PHILADELPHIA PA AUTH FOR INDL DEV PENSION FDG ZERO CPN-RETIREMENT SYS-SER B	0.000%	04/15/2019			51.350 / 51.875	6.18% / 6.08%	4	60
PHILADELPHIA PA AUTH FOR INDL DEV PENSION FDG ZERO CPN-RETIREMENT SYS-SER B	0.000%	04/15/2022			41.541 / 41.541	6.39% / 6.39%	6	370
POMONA CALIF PENSION OBLIG REF-TAXABLE-SER AR	5.732%	07/01/2025	97.325 / 97.325				2	500
RIVERSIDE CNTY CALIF PENSION OBLIG TAXABLE-SER A	4.210%	02/15/2011	99.441 / 99.441		99.994 / 100.000	4.21% / 4.21%	11	2375
SACRAMENTO CNTY CALIF WKLY-TAXABLE-PENS-C-RMK-7/1/98	%	07/01/2022	100.000 / 100.000		100.000 / 100.000		2	1300
SAN DIEGO CNTY CALIF PENSION OBLIG TAXABLE-SER A	3.880%	08/15/2008	100.037 / 100.037		100.201 / 100.631	3.15% / 1.67%	8	4000
SCRANTON PA TAXABLE-PENSION FDG-SER C	5.600%	09/01/2033	89.100 / 89.100		92.000 / 92.000	6.23% / 6.23%	2	35
SHIPPENSBURG BORO PA AUTH REV VAR-BETHLEHEM AREA SCH DIST PJ	%	07/01/2031			100.000 / 100.000		1	100
STOCKTON CALIF PENSION OBLIG TAXABLE-SER A	5.140%	09/01/2017			99.349 / 99.349	5.23% / 5.23%	8	40
SUSSEX CNTY N J REF-TAXABLE-PENSION	5.300%	05/01/2014			101.285 / 101.285	4.94% / 4.94%	3	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: