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Negative Yields for 2003

Attention: Congress, SEC, MSRB and NASD

MunicipalBonds.com has uncovered negative yields in the secondary Muni Markets. This doesn't appear to be random or one-time-only infractions. We have discovered thousands of cases.

On behalf of the American investor and public, MunicipalBonds.com demands line-by-line explanations of the thousands of negative yields exposed.

MunicipalBonds.com also asks the following questions:

Here are the 6,200 negative yield markets that we've uncovered for 2003.

The problem of Negative Yields in the Muni Markets also continues to escalate. Total numbers of Negative Yield markets grow every year and quarter we make our studies:

2003/full year - 6,200
2003/Q4 - 1,982 negative yield markets
2003/Q3 - 1,729 negative yield markets
2003/Q2 - 1,354
2003/Q1 - 1,135
2002/full year - 1,681
2001/full year - 779
2000/full year - 512

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.

Date CUSIP Municipal Bond Name / Description Coupon Maturity Bid Side
Customer Sold
to Dealer
(Lowest / Highest)		 Red Flag Offer Side
Customer Purchase
from Dealer
(Lowest / Highest)		 Yield*
Offer Side
(Lo Px / Hi Px)		 # of
Trades		 Volume
(000)
07/29/2003842475-ST-3SOUTHERN CALIF PUB PWR AUTH PWR PROJ REV UNREFUNDED BALANCE  7.000%07/01/2009    103.000 / 103.000-30.00% / -30.00%210
08/21/2003736707-BT-6PORTLAND ORE HYDROELECTRIC PWR REV MBIA-BOOK ENTRY  7.000%10/01/2016 100.750 / 100.750  100.850 / 100.850-29.99% / -29.99%2250
02/25/2003658196-PQ-7NORTH CAROLINA EASTN MUN PWR AGY PWR SYS REV CALLABLE-REF-SER B 6.250%01/01/2023    102.950 / 102.950-29.98% / -29.98%3150
07/21/200364282E-BR-4NEW BRUNSWICK N J HSG & URBAN DEV AUTH LEASE REV UNREFUNDED BALANCE  5.750%07/01/2024 100.500 / 100.500  103.500 / 103.500-29.95% / -29.95%230
12/08/2003165577-AL-1CHESTER CNTY PA HEALTH & ED FACS AUTH COLLEGE REV IMMACULATA COLLEGE  5.000%10/15/2005 99.750 / 99.750  100.298 / 100.298-29.93% / -29.93%280
04/01/2003928134-HU-2VIRGINIA ST HSG DEV AUTH MULTI FAM ZERO COUPON  %11/01/2017 25.600 / 25.600  25.850 / 25.850-29.92% / -29.92%250
03/13/2003788040-KS-1ST CHARLES PARISH LA REF 6.000%03/01/2004 101.100 / 101.100  102.600 / 102.600-29.89% / -29.89%4200
07/01/2003808406-DB-5SCHUYLKILL CNTY PA NEW PUB HSG AUTH  5.250%04/01/2008    109.993 / 109.993-29.89% / -29.89%2100
05/15/2003924274-FL-2VERMONT ST COLLEGES  6.250%07/01/2014    104.850 / 105.000-29.88% / -29.88%4100
07/29/2003940797-AF-0WASHOE CNTY NEV GAS & WTR FACS REV REF-SIERRA PAC-CONV 7\23\92  6.300%12/01/2014    104.750 / 104.750-29.87% / -29.87%125
02/26/2003079365-WC-2BELLEVUE WASH REF 5.250%08/01/2008 98.900 / 98.900  100.400 / 100.400-29.86% / -29.86%4120
03/24/2003167727-EQ-5CHICAGO ILL WASTEWATER TRANSMISSION REV REF  5.125%01/01/2020 99.230 / 99.230  100.230 / 101.0004.18% / -29.85%360
08/22/2003725304-CW-7PITTSBURGH PA WTR & SWR AUTH WTR & SWR SYS REV REF-SER A  4.750%09/01/2005    102.400 / 102.400-29.84% / -29.84%150
01/24/2003956695-HW-3WEST VIRGINIA ST WTR DEV AUTH WTR DEV REV REF-LN PROG II-SER A-II 6.050%11/01/2013    102.600 / 102.600-29.84% / -29.84%2370
02/14/2003681793-C2-9OMAHA PUB PWR DIST NEB ELEC REV SER B 5.600%02/01/2012 100.500 / 102.000  102.500 / 104.500-1.82% / -29.83%9110
08/21/2003762211-ST-8RHODE ISLAND HSG & MTG FIN CORP RENTAL HSG PROG-SER A  5.650%10/01/2008 102.625 / 102.625  102.825 / 102.825-29.83% / -29.83%2100
10/22/2003941258-AD-7WATERBURY CONN HSG AUTH MTG REV REF-FHA-WATERBURY NSA II-SER C  4.850%07/01/2009    102.500 / 102.500-29.78% / -29.78%2100
04/16/200301728A-AQ-9ALLEGHENY CNTY PA HOSP DEV AUTH REV REF-HOSP-MAGEE-WOMENS HOSP  6.000%10/01/2005    103.675 / 103.675-29.78% / -29.78%21000
07/30/2003688031-BZ-5OSCEOLA CNTY FLA TRANSN REV CAP APPREC-OSCEOLA PKWY PROJ  %04/01/2011    63.900 / 63.900-29.78% / -29.78%125
07/22/2003384684-AN-6GRAHAM N C HSG AUTH REV  7.250%05/01/2009 100.890 / 100.890  104.000 / 104.000-29.75% / -29.75%440
12/16/2003649653-GL-0NEW YORK N Y SER A  7.300%03/15/2006    109.193 / 109.193-29.73% / -29.73%330
11/21/2003631311-DV-6NASHUA N H NEW PUB HSG AUTH  5.125%09/01/2009    111.166 / 111.166-29.72% / -29.72%1100
10/23/2003969674-BD-1WILLIAMSBURG VA INDL DEV AUTH HOSP FAC REV WILLIAMSBURG CMNTY HOSP  5.200%10/01/2004    102.303 / 102.303-29.72% / -29.72%120
06/16/2003311450-CN-8FARMINGTON N MEX POLLUTN CTL REV REF-SOUTHN CALIF EDISON CO-A  7.200%04/01/2021 99.000 / 99.000  102.360 / 102.900-29.70% / -29.70%390
09/11/2003238260-EH-2DAUPHIN CNTY PA HOSP AUTH REV POLYCLINIC MED CTR PROJ  5.000%08/15/2004    102.200 / 102.200-29.70% / -29.70%245
04/15/2003646135-SK-0NEW JERSEY ST TRANSN TR FD AUTH TRANSN SYS-SER B  6.125%06/15/2015    180.060 / 180.060-29.69% / -29.69%3100
12/23/2003684503-J7-1ORANGE CNTY FLA HEALTH FACS AUTH REV UNREFUNDED BALANCE-SER A  6.000%11/01/2024 98.796 / 98.796 101.000 / 103.5004.76% / -29.69%320
01/08/2003824184-KX-2SHERMAN TEX NEW PUB HSG AUTH  4.875%03/01/2011    105.913 / 105.913-29.69% / -29.69%250
08/05/2003623172-AD-5MT STERLING KY LEASE REV KENTUCKY LEAGUE CITIES FDG-A  6.200%03/01/2018    105.000 / 105.000-29.68% / -29.68%5300
09/17/200360415M-DY-7MINNESOTA ST HSG FIN AGY RENTAL HSG-SER A  5.300%02/01/2005    102.826 / 102.826-29.67% / -29.67%120
03/05/2003679200-HF-5OKLAHOMA ST WTR RES BRD ST LN PROGRAM REV CONV 12/16/92 6.150%10/01/2007    103.700 / 103.700-29.66% / -29.66%3300
12/05/200364577M-SV-3NEW JERSEY ECONOMIC DEV AUTH ECONOMIC DEV REV GREATER N Y COUNCILS BOY SCTS 5.450%09/01/2023    104.580 / 104.580-29.65% / -29.65%245
01/09/2003132672-AD-8CAMDEN ALA INDL DEV BRD POLLTN CTL FACS REV REF-MACMILLIAN BLOEDEL PROJ-A 7.750%05/01/2009    102.500 / 103.5007.25% / -29.64%9460
11/12/2003546265-XU-8LOUISIANA HSG FIN AGY MTG REV MULTIFAMILY-FHA INSD-EMERALD  7.100%11/01/2033    105.000 / 105.000-29.63% / -29.63%360
12/30/2003452010-ZS-3ILLINOIS HSG DEV AUTH MULTI-FAMILY HSG-SER 1991 A  8.125%07/01/2010 101.300 / 101.300  102.750 / 102.750-29.62% / -29.62%440
11/03/2003594692-7B-5MICHIGAN ST STRATEGIC FD LTD OBLIG REV REF-COLL-CONSUMERS PWR CO PJ-B  5.800%06/15/2010    104.500 / 104.500-29.62% / -29.62%260
10/22/2003160573-EJ-6CHARLESTON W VA NEW PUB HSG AUTH  5.625%02/01/2007    109.395 / 109.395-27.41% / -29.60%245
04/09/2003649858-WS-2NEW YORK ST HSG FIN AGY NON PROFIT HSG  6.600%11/01/2004 102.470 / 102.470  102.470 / 102.470-29.57% / -29.57%5275
02/14/2003646139-ST-3NEW JERSEY ST TPK AUTH TPK REV UNREFUNDED BALANCE-SER A 5.900%01/01/2004 98.000 / 98.000 101.000 / 102.7504.70% / -29.56%4110
05/07/2003721779-CG-9PIMA CNTY ARIZ INDL DEV AUTH MULTIFAMILY REV REF-MTG-HACIENDA DEL RIO PJ-A  6.125%03/20/2028    105.250 / 105.250-29.53% / -29.53%4275
08/12/200364966B-LK-7NEW YORK N Y UNREFUNDED BALANCE-2002-B  7.500%02/01/2006    101.100 / 102.8002.72% / -29.52%5470
10/03/2003940797-AG-8WASHOE CNTY NEV GAS & WTR FACS REV REF-SIERRA PACIFIC PWR CO PJ-B  5.900%06/01/2023    102.195 / 104.5001.91% / -29.52%235
12/04/2003767111-CH-8RIO GRANDE VY HEALTH FACS DEV CORP TEX HOSP REV CONV SHORT/RITES-10YR-BAPTI 6.400%08/01/2018    103.625 / 103.625-29.52% / -29.52%115
09/26/2003649860-W4-1NEW YORK ST HSG FIN AGY HEALTH FACS  7.600%11/01/2004    103.250 / 103.250-29.51% / -29.51%130
09/17/200385141E-AK-6SPRINGFIELD TENN HEALTH & EDL FACS BRDHEALTH FACS REV REF-BEVERLY ENTERPRIS 6.700%06/01/2009    102.650 / 102.650-29.49% / -29.49%110
09/19/200385141E-AK-6SPRINGFIELD TENN HEALTH & EDL FACS BRDHEALTH FACS REV REF-BEVERLY ENTERPRIS 6.700%06/01/2009    102.650 / 102.650-29.49% / -29.49%15
04/28/2003935110-CB-0WARREN CNTY N J POLLUTION CTL FING AUTH REV RESOURCE RECOVERY-RMK 3/2/92  6.350%12/01/2004    105.175 / 105.175-29.45% / -29.45%250
07/22/2003794104-AA-7SALEM CNTY N J POLLTN CTL FING AUTH WASTE DISP REV E I DU PONT-CHAMBERS WKS 6.500%11/15/2021 101.650 / 101.650  101.409 / 102.2501.00% / -29.44%3165
05/07/2003940797-AG-8WASHOE CNTY NEV GAS & WTR FACS REV REF-SIERRA PACIFIC PWR CO PJ-B  5.900%06/01/2023 103.275 / 103.275  104.100 / 104.600-22.82% / -29.44%51185
10/21/2003649868-YK-6NEW YORK ST HSG FIN AGY REV CAP APPREC-HUD SEC 236-SER A  %11/01/2013    59.500 / 59.500-29.44% / -29.44%1100
05/22/2003565330-BU-0MAPLE RUN AT AUSTIN MUN UTIL DIST TEX CONTRACT REV REF  6.500%11/15/2009    102.500 / 102.500-29.43% / -29.43%330
09/03/2003606354-WL-8MISSOURI ST HSG DEV COMMN MTG REV SINGLE FAM-GNMA MTG BKD SECS-A  6.750%06/01/2024    103.970 / 103.970-29.43% / -29.43%110
06/24/2003936195-AC-0WARRICK CNTY IND ENVIRONMENTAL IMPT REV ADJ-SOUTHN IND-B-AMBAC-TCRS  6.000%05/01/2023    103.240 / 103.240-29.42% / -29.42%115
10/01/2003592598-WH-5METROPOLITAN TRANSN AUTH N Y TRAN FACS REV SER N  4.800%07/01/2006 101.500 / 101.500  104.000 / 104.000-29.41% / -29.41%3250
11/25/200364984E-AE-5NEW YORK ST ENERGY RESH & DEV AUTH FACS REV CON EDISON CO N Y INC PROJ  6.000%03/15/2028    104.500 / 104.500-29.41% / -29.41%115
07/31/2003207742-UG-0CONNECTICUT ST HEALTH & EDL FACS AUTH REV BRIDGEPORT HOSP-SER A  6.500%07/01/2012    103.625 / 103.625-29.41% / -29.41%1140
12/03/200346256B-BE-8IOWA ST CTFS PARTN SER A  6.500%07/01/2006    103.625 / 104.125-0.78% / -29.41%4580
04/14/2003649887-BE-5NEW YORK ST MUN BD BK AGY SPL PROG REV BUFFALO-SER A  6.875%03/15/2006 102.000 / 102.000  103.870 / 103.870-29.39% / -29.39%4200
07/29/2003606354-UN-6MISSOURI ST HSG DEV COMMN MTG REV REF-FHA INSD-SER B-MBIA-IBC  7.000%09/01/2010    102.750 / 102.750-29.39% / -29.39%110
11/14/2003911157-FM-2UNITED NATIONS DEV CORP N Y REV REF-SR LIEN-SER B  5.500%07/01/2017    102.625 / 102.625-29.38% / -29.38%350
11/20/2003473044-AF-2JEFFERSON CNTY KY POLLUTN CTL REV B F GOODRICH CO PROJ SER B  6.200%02/01/2008 100.000 / 100.000  102.574 / 102.574-29.33% / -29.33%2300
11/10/2003649860-JP-9NEW YORK ST HSG FIN AGY NON PROFIT HSG  6.200%11/01/2009    107.187 / 107.187-29.32% / -29.32%220
04/25/200373358E-AA-2PORT AUTH N Y & N J SPL OBLIG REV CONTL/EASTERN PJ-LAGUARDIA  9.125%12/01/2015 99.000 / 99.000  101.000 / 101.000-29.31% / -29.31%8230
02/14/2003185705-EX-4CLERMONT CNTY OHIO HOSP FACS REV REF-MERCY HEALTH SYS-A 5.875%01/01/2015 103.750 / 103.750  103.750 / 103.750-29.30% / -29.30%5390
08/04/200359465C-XV-4MICHIGAN ST HOSP FIN AUTH REV REF-OAKWOOD HOSP OBLIGATED GRP  6.150%11/01/2004    101.306 / 101.306-29.30% / -29.30%130
12/22/2003678586-KW-7OKLAHOMA CITY OKLA NEW PUB HSG AUTH  5.750%05/01/2011    115.000 / 115.000-29.29% / -29.29%165
10/23/2003196478-VA-6COLORADO HSG FIN AUTH MULTIFAM HSG INSD MTG-SER A-4  6.250%10/01/2013    103.600 / 103.600-29.26% / -29.26%115
04/24/2003852502-DW-0STAFFORD N J MUN UTILS AUTH WTR & SWR REV UNREFUNDED BALANCE  6.250%06/01/2014    104.614 / 104.614-29.25% / -29.25%345
09/05/2003427542-FM-2HERMISTON ORE REF  5.250%04/01/2008    102.086 / 102.086-29.22% / -29.22%120
05/14/2003507729-BM-2LAKE CHARLES LA HBR & TERM DIST PORT FACS REV REF-TRUNKLINE LNG CO PROJ  7.750%08/15/2022 99.500 / 99.500 104.562 / 104.750-25.35% / -29.21%380
06/13/2003465696-BK-7ITHACA N Y NEW PUB HSG AUTH  4.875%09/01/2006    108.500 / 108.500-29.21% / -29.21%4120
05/15/2003783186-EU-9RUTGERS ST UNIV N J REF-SER A  5.000%05/01/2014    101.524 / 104.0004.18% / -29.18%235
11/04/2003575851-XS-4MASSACHUSETTS ST HEALTH & EDL FACS AUTH REV LAHEY CLINIC MED CTR-SER B  5.375%07/01/2023 101.786 / 101.786  102.300 / 102.300-29.18% / -29.18%72000
11/12/2003645780-CH-8NEW JERSEY ECONOMIC DEV AUTH WTR FACS REV REF-N J AMERN WTR CO PROJ-A  5.350%06/01/2023    104.330 / 104.330-29.18% / -29.18%220
07/07/2003548448-BS-7LOWER POTTSGROVE TWP PA AUTH SWR REV  6.250%05/01/2012    112.120 / 112.120-29.17% / -29.17%15
12/18/2003606354-WL-8MISSOURI ST HSG DEV COMMN MTG REV SINGLE FAM-GNMA MTG BKD SECS-A  6.750%06/01/2024 98.500 / 98.500 100.000 / 103.6256.72% / -29.15%320
12/18/2003575851-XS-4MASSACHUSETTS ST HEALTH & EDL FACS AUTH REV LAHEY CLINIC MED CTR-SER B  5.375%07/01/2023 101.029 / 101.029  102.500 / 102.500-29.14% / -29.14%5375
05/20/2003130909-EX-8CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV CTFS PARTN INSD HLTH FACS-UNIHEALT 5.500%10/01/2014    116.057 / 116.057-29.13% / -29.13%440
07/16/2003375280-EJ-9GILBERT ARIZ SER B  6.750%07/01/2008    118.372 / 118.372-29.13% / -29.13%210
08/14/2003508361-AY-8LAKE CNTY ILL HSG FIN CORP HSG DEV REV REF-FHA INSD MTG-SECT 8-SER A  6.800%05/01/2023    102.500 / 102.500-27.70% / -29.11%2100
03/26/2003017285-UB-1ALLEGHENY CNTY PA  5.800%03/01/2004    102.730 / 102.730-29.09% / -29.09%3150
10/29/2003575851-XS-4MASSACHUSETTS ST HEALTH & EDL FACS AUTH REV LAHEY CLINIC MED CTR-SER B  5.375%07/01/2023 101.650 / 101.650  102.700 / 102.700-29.09% / -29.09%41480
09/05/2003546795-JK-2LOUISVILLE KY NEW PUB HSG AUTH  5.000%11/01/2010 104.154 / 104.154  106.154 / 106.154-29.07% / -29.07%2100
11/05/2003592650-ES-0METROPOLITAN WASHINGTON D C ARPTS AUTH VA GEN ARPT REV REF-SER A  5.250%10/01/2022    102.385 / 104.315-0.51% / -29.07%210
10/01/2003687910-AP-4OSCEOLA CNTY FLA INDL DEV AUTH REV CMNTY PROVIDER POOLED LN PG-A  7.750%07/01/2010 97.507 / 97.507 102.677 / 102.677-29.05% / -29.05%412
09/05/200368608R-BF-9OREGON ST HSG & CMNTY SVCS DEPT MTG REV SINGLE FAMILY MTG PG-SER D  6.800%07/01/2027    102.600 / 102.600-29.04% / -29.04%295
02/11/2003434208-AY-0HODGE LA UTIL REV COMB 9.000%03/01/2010    102.301 / 103.000-19.40% / -29.02%220
07/31/2003794103-BA-8SALEM CNTY N J INDL POLLUTN CTL FING AUTH REV REF-POLLTN CTL-PUB SVC E&G-A  5.700%05/01/2028    104.536 / 104.7603.00% / -29.02%3105
05/13/2003594648-SP-3MICHIGAN ST HOSP FIN AUTH REV HENRY FORD HOSP  9.000%05/01/2008 121.969 / 121.969  122.344 / 122.344-28.99% / -28.99%3120
02/14/2003341535-HG-0FLORIDA ST BRD ED PUB ED  6.200%05/01/2005    108.000 / 108.000-28.97% / -28.97%2120
08/12/2003544582-GR-4LOS ANGELES CALIF MULTIFAMILY REV HSG-FHA-PK PARTHENIA PROJ  7.400%01/20/2022    102.750 / 102.750-28.96% / -28.96%120
05/01/2003646139-ST-3NEW JERSEY ST TPK AUTH TPK REV UNREFUNDED BALANCE-SER A  5.900%01/01/2004    102.150 / 102.625-22.80% / -28.95%3600
07/10/2003889260-BW-4TOLEDO LUCAS CNTY OHIO PORT AUTH PORT REV REF-FACS-CARGILL INC PROJ  5.900%12/01/2016    104.250 / 104.750-27.45% / -28.94%333000
07/09/2003916367-AC-9UPPER POTOMAC RIV COMMN MD POLLUTN CTL REV WESTVACO CORP PROJ  9.125%08/01/2015    103.000 / 103.000-28.89% / -28.89%15
07/14/2003658887-VX-9NORTH DAKOTA ST HSG FIN AGY SINGLE FAMILY MTG REV SER A  5.550%07/01/2024 101.604 / 101.604  103.000 / 103.000-28.87% / -28.87%4160
03/04/2003444081-AU-7HUDSON N Y HSG DEV CORP MTG REV REF-MULTIFAMILY-PROVIDENCE-A 6.500%01/01/2025 103.250 / 103.250  103.900 / 103.900-28.87% / -28.87%22000
10/21/2003517714-MQ-1LAS VEGAS NEV NEW PUB HSG AUTH  5.000%01/01/2011    107.805 / 107.805-28.86% / -28.86%1100
09/18/2003367598-AU-3GATEWAY ECONOMIC DEV CORP GTR CLEVELAND OHIO EXCISE TAX REV SUB-CUYAHOGA CN 7.500%09/01/2005    102.000 / 102.000-28.85% / -28.85%120
06/09/2003846856-AQ-5SPARTANBURG CNTY S C HOSP FACS REV BLACK MEM HOSP PROJ  7.100%10/01/2011 109.750 / 109.750  112.051 / 112.051-28.82% / -28.82%210
09/18/2003649653-FP-2NEW YORK N Y SER E  7.000%12/01/2005    101.127 / 107.2801.00% / -28.82%375
12/30/2003677658-3E-4OHIO ST WTR DEV AUTH REV REF & IMPT-PURE WTR-MBIA-IBC  5.500%12/01/2011 102.150 / 102.150  103.500 / 103.500-28.81% / -28.81%4220
02/12/2003678908-AR-5OKLAHOMA DEV FIN AUTH REV CMNTY PROVIDER POOLED-A 7.850%07/15/2003    102.342 / 102.342-28.81% / -28.81%260
04/02/2003159105-T9-6CHANHASSEN MINN REF-TAX INCREMENT-F-FSA-CR  4.350%02/01/2004    102.000 / 102.000-28.81% / -28.81%360
01/13/2003649674-BD-9NEW YORK N Y CITY HEALTH & HOSP CORP REV SER A 5.750%02/15/2022 101.140 / 101.140  102.294 / 104.8502.01% / -28.80%4125
04/29/2003542690-CR-1LONG ISLAND PWR AUTH N Y ELEC SYS REV GEN-SER A-MBIA IBC  5.500%12/01/2029    102.600 / 103.600-18.35% / -28.79%10480
12/31/2003621075-AD-2MOUNT CLEMENS MICH HSG CORP MULTIFAMILY REV REF-HSG-FHA-SEC 8 ASSTD-SER A  6.600%06/01/2022    104.500 / 104.500-28.78% / -28.78%125
06/17/2003233904-NC-1DADE CNTY FLA HEALTH FACS AUTH HOSP REV REF-BAPTIST HOSP MIAMI-A  5.250%05/15/2021    101.229 / 102.8752.00% / -28.77%230
05/28/2003232391-BJ-0CUYAHOGA METRO OHIO NEW PUB HSG AUTH  5.125%07/01/2004 102.119 / 102.119  103.869 / 103.869-28.76% / -28.76%270
04/07/2003484827-CQ-1KANSAS CITY LEAVENWORTH & LENEXA KANS MTG REV GNMA COLL-SER C  8.000%11/01/2020 102.250 / 102.250  103.000 / 103.000-28.74% / -28.74%4160
10/22/2003649850-4C-5NEW YORK ST ENVIRONMENTAL FACS CORP POLLUTN CTL REV UNREFUNDED BAL-ST WTR-R 6.500%06/15/2004 101.000 / 101.000  102.450 / 102.450-28.74% / -28.74%2220
12/23/2003224626-AA-9CRAVEN CNTY N C INDL FACS & POLLUTN CTL FING AUTH POLLUTN CTL REV REF-WEYER 6.350%01/01/2010    103.250 / 103.250-25.85% / -28.73%350
07/25/2003166141-CU-3CHESTER PA NEW PUB HSG AUTH  5.250%05/01/2010 107.350 / 107.350  110.438 / 110.438-28.72% / -28.72%480
10/16/2003841420-BV-3SOUTHEAST MO CORRECTIONAL FAC INC CORRECTIONAL FAC LEASE REV REF-MBIA-IBC  5.750%10/15/2016    111.076 / 111.076-28.71% / -28.71%110
12/17/200313077V-W3-2CALIFORNIA STATEWIDE CMNTYS DEV AUTH MULTIFAMILY REV VAR-HSG-JACKIE ROBINSO %02/01/2033 100.381 / 100.381  100.561 / 100.561-28.69% / -28.69%20
12/23/2003658196-KL-3NORTH CAROLINA EASTN MUN PWR AGY PWR SYS REV REF-SER A  5.750%01/01/2019    102.389 / 102.389-28.68% / -28.68%120
09/12/2003708791-2E-7PENNSYLVANIA HSG FIN AGY SINGLE FAMILY MTG-SER 37B  5.600%10/01/2025 101.400 / 101.400  103.400 / 103.400-28.68% / -28.68%220
08/14/200364603R-CH-8NEW JERSEY SPORTS & EXPOSITION AUTH ST CONTRACT SER A  5.375%09/01/2015 98.527 / 99.220  102.180 / 102.180-28.68% / -28.68%460
06/23/200345884A-LV-3INTERMOUNTAIN PWR AGY UTAH PWR SUPPLY REV PREREFUNDED-SER A  5.000%07/01/2012 97.501 / 97.501 102.626 / 102.626-28.65% / -28.65%420
10/22/2003130623-BQ-3CALIFORNIA ST  5.600%06/01/2007    100.195 / 100.195-28.65% / -28.65%220
12/31/2003649858-PP-6NEW YORK ST HSG FIN AGY NON PROFIT HSG  6.750%11/01/2006 102.500 / 102.500  103.500 / 103.500-28.63% / -28.63%350
10/08/2003035886-BN-9ANNE ARUNDEL CNTY MD NEW PUB HSG AUTH  4.875%07/01/2010    108.782 / 108.782-28.60% / -28.60%220
05/23/2003645780-CH-8NEW JERSEY ECONOMIC DEV AUTH WTR FACS REV REF-N J AMERN WTR CO PROJ-A  5.350%06/01/2023 99.006 / 99.006 104.390 / 104.390-28.58% / -28.58%220
05/15/2003235037-MC-9DALLAS-FORT WORTH TEX REGL ARPT REV BRANIFF SPL FACS  6.750%11/01/2008 99.960 / 99.960  102.250 / 102.375-26.07% / -28.58%575
09/16/2003070129-AH-4BASS BROOK MINN POLLUTION CTL REV REF-COLL-MINN PWR LT-MBIA-IBC  6.000%07/01/2022    103.625 / 103.625-28.58% / -28.58%270
10/29/2003070129-AG-6BASS BROOK MINN POLLUTION CTL REV REF-COLL-MINN PWR & LT CO PJ  6.000%07/01/2022    103.625 / 103.625-28.58% / -28.58%250
09/11/2003786004-KK-6SACRAMENTO CALIF MUN UTIL DIST ELEC REV  6.125%06/01/2011 106.120 / 106.120 110.530 / 110.530-28.58% / -28.58%315
11/06/200357585K-FH-6MASSACHUSETTS ST HEALTH & EDL FACS AUTH REV UNREFUNDED BALANCE-SER D  6.500%07/01/2022    103.250 / 103.250-28.57% / -28.57%3405
04/29/2003438704-TU-2HONOLULU HAWAII NEW PUB HSG AUTH  5.125%08/01/2008    110.246 / 110.246-28.57% / -28.57%240
08/12/2003605354-DE-6MISSISSIPPI HIGHER ED ASSISTANCE CORP STUDENT LN REV SR-SER B  5.700%09/01/2005    103.700 / 103.700-28.55% / -28.55%135
12/12/2003235292-AM-1DALLAS TEX HSG CORP CAP PROGRAM REV REF-SECT 8 ASSTD PJS  7.700%08/01/2005 102.635 / 102.635  102.635 / 102.635-28.55% / -28.55%3270
04/16/2003594665-AF-8MICHIGAN ST JOB DEV AUTH POLLUTION CTL REV GEN MOTORS CORP-ACCRL 10/1/93  5.550%04/01/2009    101.500 / 101.566-19.40% / -28.53%31655
08/19/2003978328-BF-8WOOD CNTY W VA BLDG COMMN REV ST JOSEPHS HOSP PARKERSBURG  6.875%01/01/2008    114.240 / 114.240-28.52% / -28.52%240
02/05/2003649660-GK-7NEW YORK N Y SER A-FSA-CR 7.250%03/15/2019    114.500 / 114.500-28.50% / -28.50%235
10/23/2003686509-PD-6ORLANDO FLA UTILS COMMN WTR & ELEC REV  6.375%04/01/2008    116.313 / 116.313-28.50% / -28.50%150
06/12/200364988H-TH-7NEW YORK ST MED CARE FACS FIN AGY REV SISTERS OF CHARITY HOSP SER A  6.600%11/01/2010 102.400 / 102.400  103.250 / 103.250-28.47% / -28.47%3300
06/12/200364988H-TG-9NEW YORK ST MED CARE FACS FIN AGY REV SISTERS OF CHARITY HOSP SER A  6.600%11/01/2007    103.250 / 103.250-28.47% / -28.47%2240
05/19/2003924195-KL-3VERMONT HSG FIN AGY SINGLE FAMILY SER 4  6.400%11/01/2025 102.000 / 102.000  104.000 / 104.000-28.46% / -28.46%230
06/19/2003605360-GX-8MISSISSIPPI HOSP EQUIP & FACS AUTH REV HOSP-SINGING RIVER HOSP SYS PJ  5.200%03/01/2005 100.292 / 100.292  102.292 / 102.292-28.46% / -28.46%220
11/18/2003513886-DR-9LANCASTER CNTY NEB HOSP AUTH NO 1 HOSP REV BRYAN MEM HOSP PROJ  6.700%06/01/2022    121.743 / 121.743-28.46% / -28.46%260
06/30/200357585J-7W-5MASSACHUSETTS ST HEALTH & EDL FACS AUTH REV UNREFUNDED BAL-SER J-MBIA IBC  6.625%07/01/2021 100.175 / 100.175  102.750 / 102.750-28.46% / -28.46%4100
08/26/2003644618-WX-4NEW HAMPSHIRE HIGHER EDL & HEALTH FACS AUTH REV ELLIOT HOSP OF MANCHESTER  6.250%10/01/2021    101.500 / 101.500-28.46% / -28.46%175
11/17/2003677525-HA-8OHIO ST AIR QUALITY DEV AUTH REV ADJ-COLUMBUS & SOUTHN OHIO-A  6.375%12/01/2020    103.750 / 103.750-28.45% / -28.45%260
06/12/200364988H-TJ-3NEW YORK ST MED CARE FACS FIN AGY REV SISTERS OF CHARITY HOSP -SER A  6.625%11/01/2018 102.400 / 102.400  103.250 / 103.250-28.44% / -28.44%3870
10/31/2003976904-FG-2WISCONSIN HSG & ECONOMIC DEV AUTH HSG REV SER C  5.875%11/01/2019    104.818 / 104.875-28.44% / -28.44%4910
12/11/2003649842-BK-6NEW YORK ST ENERGY RESH & DEV AUTH GAS FACS REV BROOKLYN UN GAS-C-RMK 7/14/ 5.600%06/01/2025 100.750 / 100.750  104.500 / 104.500-28.43% / -28.43%240
01/29/2003646139-HK-4NEW JERSEY ST TPK AUTH TPK REV REF-SER A 6.750%01/01/2008    102.551 / 102.551-28.43% / -28.43%3375
11/18/2003914469-AQ-4UNIVERSITY MINN UNIV HOSP & CLINICS  6.750%12/01/2016    121.750 / 121.750-28.43% / -28.43%250
02/03/2003762211-ZB-9RHODE ISLAND HSG & MTG FIN CORP HOMEOWNERSHIP-10-A-MBIA-IBC 6.500%04/01/2027 101.100 / 101.100  104.362 / 104.362-28.43% / -28.43%345
09/17/2003938200-DH-2WASHINGTON CNTY OKLA MED AUTH REV BARTLESVILLE J PHILLIPS HOSP-B-RMK 11/1/9 6.125%11/01/2014 100.010 / 100.010  102.500 / 102.500-28.41% / -28.41%375
12/01/2003610763-KY-9MONROE CNTY N Y WTR AUTH WTR REV REF-SER B  5.250%08/01/2011    103.250 / 103.250-28.39% / -28.39%15
08/07/2003978328-BF-8WOOD CNTY W VA BLDG COMMN REV ST JOSEPHS HOSP PARKERSBURG  6.875%01/01/2008    115.365 / 115.365-28.34% / -28.34%5150
11/19/2003681793-A2-1OMAHA PUB PWR DIST NEB ELEC REV SER B  5.700%02/01/2017    102.105 / 104.5003.81% / -28.33%320
08/06/2003471373-AW-0JASPER CNTY IND POLLUTN CTL REV REF-COLL-NORTHERN IND PUB SVC  7.100%07/01/2017    102.780 / 102.780-28.32% / -28.32%330
03/28/2003762211-ZB-9RHODE ISLAND HSG & MTG FIN CORP HOMEOWNERSHIP-10-A-MBIA-IBC  6.500%04/01/2027 101.500 / 101.500  104.000 / 104.000-28.31% / -28.31%230
08/21/2003483671-AX-1KANAWHA CNTY W VA RESIDENTIAL MTG REV  7.375%09/01/2011    121.415 / 121.415-28.31% / -28.31%240
07/11/200364579C-QK-9NEW JERSEY HEALTH CARE FACS FING AUTH REV MOUNTAINSIDE HOSPITAL  5.500%07/01/2014    104.180 / 104.180-28.31% / -28.31%125
03/11/2003491566-GC-3KENTUCKY ST TPK AUTH TOLL RD REV 6.125%07/01/2008    111.384 / 111.384-28.26% / -28.26%4400
10/10/2003311450-CS-7FARMINGTON N MEX POLLUTN CTL REV REF-SOUTHN CALIF EDISON CO-A  5.875%06/01/2023 102.000 / 102.000  104.000 / 104.000-28.26% / -28.26%240
05/09/2003745290-CG-9PUERTO RICO PORTS AUTH REV  7.300%07/01/2007 98.455 / 98.455 102.581 / 102.581-28.25% / -28.25%420
09/22/2003047771-Z6-0ATLANTA GA  5.600%12/01/2018    108.750 / 108.750-28.25% / -28.25%135
07/28/2003677525-HB-6OHIO ST AIR QUALITY DEV AUTH REV ADJ-COLUMBUS & SOUTHN OHIO-B  6.250%12/01/2020    104.400 / 104.400-28.23% / -28.23%3150
07/25/2003181008-AL-7CLARK CNTY NEV POLLUTN CTL REV REF-NEVADA PWR CO PROJ-SER B  6.600%06/01/2019    104.206 / 104.206-28.23% / -28.23%1615
03/26/2003649786-CK-4NEW YORK ST  6.600%12/01/2016    107.250 / 107.250-28.23% / -28.23%280
02/14/2003575856-BH-1MASSACHUSETTS ST INDL FIN AGY POLLUTN CTL REV GEN MOTORS CORP-ACCRL 10/1/93 5.550%04/01/2009    100.500 / 101.6505.45% / -28.22%270
07/25/2003130174-3J-2CALIFORNIA EDL FACS AUTH REV UNREFUNDED BALANCE-LOYOLA  6.000%10/01/2014    102.750 / 102.750-28.21% / -28.21%185
12/12/2003523654-AU-5LEE CNTY MISS HOSP SYS REV  6.800%10/01/2007 111.130 / 111.130  111.130 / 111.130-28.18% / -28.18%290
06/27/2003059208-AP-3BALTIMORE MD CITY HSG CORP REV  7.750%10/01/2009 100.235 / 100.235  102.611 / 102.611-28.17% / -28.17%420
01/14/2003649785-ED-0NEW YORK ST  4.000%08/15/2005    102.125 / 102.125-28.17% / -28.17%2170
10/10/200364577M-RD-4NEW JERSEY ECONOMIC DEV AUTH ECONOMIC DEV REV REF-GNMA-MANCHASTER MNR PJ-A  6.600%08/01/2012    104.040 / 104.040-28.16% / -28.16%110
09/10/2003764883-AD-6RICHMOND KY HSG DEV CORP MTG REV REF-FHA INSD-MADISON TWRS-A  5.600%01/01/2024    102.750 / 102.750-28.16% / -28.16%115
03/05/2003402230-BV-7GULF COAST WASTE DISP AUTH TEX POLLUTN CTL REV UNION CARBIDE CORP PROJ 6.375%06/01/2009 95.640 / 95.640 102.500 / 102.500-28.15% / -28.15%330
12/05/2003340736-BV-8FLORIDA HSG FIN AGY AMT-SINGLEFAM MTG-SER B  5.875%01/01/2027    104.500 / 104.500-28.15% / -28.15%110
12/17/2003340736-BV-8FLORIDA HSG FIN AGY AMT-SINGLEFAM MTG-SER B  5.875%01/01/2027    104.500 / 104.500-28.15% / -28.15%130
01/24/2003445199-AH-5HUMBOLDT CNTY NEV POLLUTN CTL REV REF-SIERRA PACIFIC PWR CO PJ-B 6.350%08/01/2022    104.125 / 104.125-28.13% / -28.13%330
04/10/2003167592-PA-6CHICAGO ILL O HARE INTL ARPT REV GEN ARPT-SECOND LIEN-SER A  5.500%01/01/2018    103.250 / 103.250-28.13% / -28.13%225
05/08/200368607E-EP-4OREGON ST REF-SER A  6.100%08/01/2005    103.500 / 103.500-28.13% / -28.13%360
10/16/2003567873-AW-4MARIN CNTY CALIF REDEV AGY REV RESIDENTIAL MTG  7.000%09/01/2010 113.000 / 113.000  100.200 / 114.2273.29% / -28.12%4170
12/18/2003692165-DC-4OYSTER BAY N Y NEW PUB HSG AUTH  5.125%10/01/2011    110.000 / 110.000-28.11% / -28.11%140
01/10/2003132672-AD-8CAMDEN ALA INDL DEV BRD POLLTN CTL FACS REV REF-MACMILLIAN BLOEDEL PROJ-A 7.750%05/01/2009 100.000 / 100.000  102.500 / 102.500-28.10% / -28.10%2510
12/09/2003649653-GL-0NEW YORK N Y SER A  7.300%03/15/2006    110.000 / 110.000-28.10% / -28.10%3150
05/14/200345884A-UB-7INTERMOUNTAIN PWR AGY UTAH PWR SUPPLY REV PREREFUNDED-1986-SER B  5.000%07/01/2016    100.500 / 102.000-28.10% / -28.10%5395
04/30/2003971039-NY-4WILLOUGHBY EASTLAKE OHIO CITY SCH DIST LAKE CNTY  6.500%12/01/2011    103.629 / 103.629-28.10% / -28.10%375
07/17/2003733580-WH-3PORT AUTH N Y & N J DELTA AIR LINES INC PJ-SER 1R  6.950%06/01/2008    103.250 / 103.250-28.10% / -28.10%225
09/29/2003649834-KX-5NEW YORK ST DORM AUTH REVS INSD-MTG-WARTBURG HOME  5.700%02/01/2013 100.588 / 100.588  102.588 / 102.588-28.08% / -28.08%210
03/27/2003649656-EA-9NEW YORK N Y SER A-FSA-CR  8.000%03/15/2012    118.000 / 118.000-28.08% / -28.08%330
01/22/2003132672-AD-8CAMDEN ALA INDL DEV BRD POLLTN CTL FACS REV REF-MACMILLIAN BLOEDEL PROJ-A 7.750%05/01/2009 100.000 / 100.000  102.390 / 102.390-28.04% / -28.04%2900
07/11/2003802105-EN-2SANTA FE N MEX NEW PUB HSG AUTH  5.250%04/01/2006 106.523 / 106.523  108.523 / 108.523-28.04% / -28.04%250
11/19/2003067185-FM-5BARBERTON OHIO  6.500%12/01/2012    102.500 / 102.500-28.02% / -28.02%145
06/12/2003797714-FP-2SAN FRANCISCO CALIF CITY & CNTY REDEV AGY MTG REV REF-FHA INSD-SEC 8 ASSTD- 6.650%07/01/2024 100.010 / 100.010  102.510 / 102.510-27.99% / -27.99%480
03/27/2003485754-EC-5KARNS CITY PA AREA SCH DIST SER A  6.875%03/01/2012 99.130 / 99.130  102.630 / 102.630-27.98% / -27.98%420
10/17/2003842475-XH-3SOUTHERN CALIF PUB PWR AUTH PWR PROJ REV UNREFUNDED BALANCE-MULTI PROJS  7.000%07/01/2005    105.943 / 105.943-27.98% / -27.98%4400
02/28/2003123547-UU-3BUTLER CNTY OHIO MBIA-IBC 6.050%12/01/2010    104.500 / 104.500-26.68% / -27.96%375
12/09/2003843146-SM-4SOUTHERN ILL UNIV REVS  6.750%04/01/2007    111.605 / 111.605-27.96% / -27.96%210
12/23/2003523654-AU-5LEE CNTY MISS HOSP SYS REV  6.800%10/01/2007    109.694 / 109.694-27.96% / -27.96%135
03/06/2003723401-AP-0PINEWOOD SAN DIST ARIZ COCONINO CNTY SER A 5.700%07/01/2009 114.628 / 114.628  114.628 / 114.628-27.96% / -27.96%240
04/29/2003735664-BG-8PORTAGE CNTY OHIO HOSP REV  6.700%12/01/2007 111.050 / 111.050  111.473 / 111.473-27.95% / -27.95%51060
11/24/2003473044-AF-2JEFFERSON CNTY KY POLLUTN CTL REV B F GOODRICH CO PROJ SER B  6.200%02/01/2008    102.571 / 102.571-27.94% / -27.94%1100
03/20/2003524805-YN-2LEHIGH CNTY PA GEN PURP AUTH REVS REF-COLLEGE-CEDAR CREST-SER A 6.600%04/01/2010 99.000 / 99.000  102.500 / 102.500-27.91% / -27.91%4100
04/21/200357585J-C6-6MASSACHUSETTS ST HEALTH & EDL FACS AUTH REV UNREFUNDED BAL-STONEHILL-E  6.550%07/01/2012 102.000 / 102.000  102.300 / 102.300-27.91% / -27.91%2100
09/04/2003300018-AZ-1EVERETT WASH HSG AUTH MTG REV REF-FHA INSD-ELDERLY HSG PROJ  5.000%07/01/2005    102.400 / 102.400-27.90% / -27.90%1145
12/16/2003575851-XS-4MASSACHUSETTS ST HEALTH & EDL FACS AUTH REV LAHEY CLINIC MED CTR-SER B  5.375%07/01/2023 101.250 / 101.250  104.639 / 104.639-27.88% / -27.88%270
07/02/2003649887-BE-5NEW YORK ST MUN BD BK AGY SPL PROG REV BUFFALO-SER A  6.875%03/15/2006    101.350 / 101.350-27.87% / -27.87%4160
12/10/2003677658-R4-0OHIO ST WTR DEV AUTH REV REF-COLL-WTR DEV-DAYTON PWR-A  6.400%08/15/2027    103.500 / 103.500-27.86% / -27.86%250
02/18/2003511678-LT-9LAKELAND FLA ELEC & WTR REV  5.750%10/01/2019    100.218 / 102.6255.73% / -27.84%470
07/10/2003940797-AG-8WASHOE CNTY NEV GAS & WTR FACS REV REF-SIERRA PACIFIC PWR CO PJ-B  5.900%06/01/2023 102.550 / 102.550  103.875 / 103.875-27.82% / -27.82%270
12/17/2003358232-AV-8FRESNO CALIF UNI SCH DIST SER A  5.500%08/01/2007    105.850 / 105.850-27.81% / -27.81%140
10/07/200372316M-CP-2PINELLAS CNTY FLA HEALTH FACS AUTH REV TAXABLE-HOSP-BAYFRONT OBLIG-B  7.900%07/01/2018    104.421 / 104.421-27.81% / -27.81%110
07/02/2003207745-5E-6CONNECTICUT ST HSG FIN AUTH HSG MTG FIN PROG-SER A  6.200%05/15/2014    104.500 / 104.500-27.81% / -27.81%2150
08/14/2003535409-BV-7LINDEN ROSELLE N J SEW AUTH REV  6.500%12/15/2007    112.250 / 112.250-27.79% / -27.79%150
11/05/2003717903-RS-9PHILADELPHIA PA HOSPS & HIGHER ED FACS AUTH HOSP REV TEMPLE UNIV HOSP  6.625%11/15/2023    102.107 / 102.500-27.79% / -27.79%225
09/29/2003702238-GE-0PASADENA CALIF CMNTY DEV COMMN TAX ALLOCATION FAIR OAKS REF&PUB IMPT PROG  6.125%07/01/2021    104.694 / 104.694-27.77% / -27.77%3225
10/23/2003160573-EJ-6CHARLESTON W VA NEW PUB HSG AUTH  5.625%02/01/2007    109.395 / 109.395-27.76% / -27.76%125
03/04/2003451297-3F-0IDAHO HSG AGY SINGLEFAM MTG SR-E-RMKT12/4/90 7.875%07/01/2024    102.800 / 102.800-27.75% / -27.75%2200
08/15/2003763631-PF-9RICHLAND CNTY S C SWR SYS-SER A  5.400%03/01/2015    104.340 / 104.340-27.73% / -27.73%15
02/25/2003725242-JX-0PITTSBURGH PA NEW PUB HSG AUTH  5.125%12/01/2009    109.678 / 109.678-27.73% / -27.73%220
10/22/2003677658-CD-6OHIO ST WTR DEV AUTH REV  6.400%09/01/2007    114.206 / 114.206-27.73% / -27.73%220
09/29/2003721772-BH-3PIMA CNTY ARIZ HOSP REV TUCSON MED CTR PROJ  6.400%04/01/2007    102.671 / 102.671-27.72% / -27.72%15
07/11/2003745281-X6-7PUERTO RICO NEW PUB HSG AUTH  5.000%06/01/2011    114.875 / 114.875-27.71% / -27.71%2130
06/23/2003452135-EP-7ILLINOIS RURAL BD BK REV SER B  5.750%02/01/2016    102.450 / 102.875-27.70% / -27.70%240
09/11/2003341145-R4-4FLORIDA ST  5.700%07/01/2004    102.511 / 102.511-27.70% / -27.70%125
11/13/2003296812-BR-0ESSEX CNTY N J IMPT AUTH ARPT PROJ REV  6.800%11/01/2021 100.883 / 100.883  102.600 / 102.600-27.68% / -27.68%4120
11/24/2003405126-FK-4HAGERSTOWN MD NEW PUB HSG AUTH  5.000%09/01/2009    110.250 / 110.250-27.64% / -27.64%115
08/08/2003741723-AC-4PRINCE GEORGES CNTY MD POLLUTN CTL REV REF-POTOMAC ELEC PROJ  6.000%09/01/2022 99.000 / 99.000  100.000 / 102.8556.00% / -27.62%6205
02/19/2003553751-GZ-5M-S-R PUB PWR AGY CALIF SAN JUAN PROJ REV REF-SER H 5.900%07/01/2020    101.250 / 101.250-27.61% / -27.61%2160
02/27/2003646115-DA-0NEW JERSEY ST HSG FIN AGY MTG REV FHA INSD MTG-HIGHVIEW TER-A 10.375%11/01/2025    109.900 / 110.000-26.35% / -27.61%2460
11/05/2003054132-AR-6AVON LAKE OHIO WTR SYS REV REF-MTG  5.400%10/01/2013    103.400 / 103.400-27.58% / -27.58%1290
07/02/2003040625-UV-5ARIZONA ST MUN FING PROG CTFS PARTN REF-SER 2  6.000%08/01/2012    102.230 / 102.230-27.57% / -27.57%15
06/23/2003695360-KP-1PADUCAH KY NEW PUB HSG AUTH  3.250%02/01/2005    102.750 / 102.750-27.56% / -27.56%375
06/18/2003447540-BM-6HURON CNTY OHIO HOSP FACS REV  6.000%11/15/2007    114.926 / 114.926-27.55% / -27.55%260
08/25/2003718903-GV-3PHOENIX ARIZ INDL DEV AUTH MULTIFAMILY HSG REV REF-GNMA COLL-MEADOW GLEN AP 5.800%09/20/2028    104.375 / 104.375-27.54% / -27.54%115
08/26/2003718903-GV-3PHOENIX ARIZ INDL DEV AUTH MULTIFAMILY HSG REV REF-GNMA COLL-MEADOW GLEN AP 5.800%09/20/2028    104.375 / 104.375-27.54% / -27.54%120
09/16/2003485078-AU-3KANSAS CITY MO REGL HSG DEV CORP INC HSG DEV REV REF-FHA INSD MTG LN-SEC 8- 6.800%01/01/2023 101.000 / 101.000  103.000 / 103.000-27.54% / -27.54%230
09/22/2003260021-JJ-0DOVER DEL  5.000%07/01/2009    102.250 / 102.250-27.53% / -27.53%110
12/12/2003472675-DD-6JEFFERSON CNTY ALA SAN SWR CONSTR WTS  6.750%03/01/2007    110.549 / 110.549-27.53% / -27.53%15
11/20/2003695360-QS-9PADUCAH KY NEW PUB HSG AUTH  5.750%03/01/2009    110.751 / 110.751-27.49% / -27.49%15
12/11/2003128318-BH-4CALCASIEU PARISH INC LA INDL DEV BRD POLLUTN CTL REV REF-GULF STATES UTILS  6.750%10/01/2012 100.570 / 100.570  103.500 / 103.500-27.49% / -27.49%2260
12/12/2003128318-BH-4CALCASIEU PARISH INC LA INDL DEV BRD POLLUTN CTL REV REF-GULF STATES UTILS  6.750%10/01/2012    103.500 / 103.500-27.49% / -27.49%180
06/06/2003736707-AY-6PORTLAND ORE HYDROELECTRIC PWR REV  7.000%10/01/2016 101.500 / 101.500  102.500 / 102.500-27.48% / -27.48%2200
06/25/200331132P-AL-4FARMINGTON MO INDL DEV AUTH HEALTH CARE FACS REV PRESBYTERIAN MANORS INC  7.000%05/15/2025    102.500 / 102.500-27.48% / -27.48%110
11/03/2003311450-CS-7FARMINGTON N MEX POLLUTN CTL REV REF-SOUTHN CALIF EDISON CO-A  5.875%06/01/2023    104.250 / 104.250-27.47% / -27.47%125
03/06/2003419798-FJ-7HAWAII ST DEPT BUDGET & FIN SPL PURP MTG REV MONEY MKT MUN-CITIZENS UTIL CO 6.900%11/01/2015    100.500 / 103.0006.30% / -27.46%6755
03/24/2003773835-AM-5ROCKPORT IND POLLUTION CTL REV REF-INDIANA-MICHIGAN-PWR-SER-B  7.600%03/01/2016    102.750 / 102.750-27.43% / -27.43%390
11/21/2003348154-LC-7FORT MYERS FLA NEW PUB HSG AUTH  5.875%03/01/2007    110.000 / 110.000-27.38% / -27.38%230
11/12/2003167534-SK-3CHICAGO ILL MET HSG DEV CORP MTG REV HSG-REF-FHA-SEC 8-A-AMBAC-TCRS  6.850%07/01/2022    103.500 / 103.500-27.38% / -27.38%150
10/07/2003649731-EC-6NEW YORK N Y NEW PUB HSG AUTH  5.000%01/01/2008    108.918 / 108.918-27.37% / -27.37%110
08/11/2003546396-4R-0LOUISIANA PUB FACS AUTH REV MULTIFAMILY HSG-WALMSLEY-A  7.500%06/01/2021    105.800 / 105.800-27.37% / -27.37%110
11/24/2003237285-AA-9DARLINGTON CNTY S C POLLUTION CTL REV ANNUAL TENDER-CAROLINA PWR<  6.600%11/01/2010    104.500 / 104.500-27.37% / -27.37%110
03/19/2003238262-AF-6DAUPHIN CNTY PA INDL DEV AUTH POLLUTN CTL REV JERSEY CENT PWR & LT 3 ML ISL 7.125%01/01/2009 101.050 / 101.050  102.500 / 102.500-27.35% / -27.35%4260
05/02/2003238262-AF-6DAUPHIN CNTY PA INDL DEV AUTH POLLUTN CTL REV JERSEY CENT PWR & LT 3 ML ISL 7.125%01/01/2009    102.500 / 102.500-27.35% / -27.35%260
05/27/2003491552-LS-2KENTUCKY ST TPK AUTH ECONOMIC DEV RD REV UNREFUNDED BAL-REVITALIZATION  5.500%07/01/2011 100.000 / 105.000 102.000 / 105.0004.48% / -27.35%430
05/01/2003403763-HK-4GWINNETT CNTY GA WTR & SEW REV  7.000%03/01/2007    114.327 / 114.327-27.33% / -27.33%210
08/05/2003649842-AX-9NEW YORK ST ENERGY RESH & DEV AUTH GAS FACS REV BROOKLYN UN GAS-A-RMKT-5/6/ 6.750%02/01/2024 102.500 / 102.500  104.200 / 104.200-27.32% / -27.32%60
06/30/2003544581-AK-7LOS ANGELES CALIF MTG REV REF-FHA INSD-SEC 8 ASSTD-SER A  6.300%01/01/2025    102.333 / 102.333-27.32% / -27.32%230
07/17/200364605E-EK-6NEW JERSEY ST EDL FACS AUTH REV FAIRLEIGH DICKINSON UNIV-C  6.625%07/01/2023    102.000 / 104.5005.87% / -27.32%6105
12/18/2003649868-YK-6NEW YORK ST HSG FIN AGY REV CAP APPREC-HUD SEC 236-SER A  %11/01/2013    60.000 / 60.000-27.29% / -27.29%125
09/30/2003167534-RE-8CHICAGO ILL MET HSG DEV CORP MTG REV HSG DEV-REF-FHA-SECT 8-SER A  6.700%07/01/2012    101.490 / 101.4904.63% / -27.29%4345
04/23/2003181004-AM-4CLARK CNTY NEV INDL DEV REV NEVADA PWR CO PROJ-SER A  6.700%06/01/2022    104.500 / 104.500-27.28% / -27.28%3225
02/19/2003649881-PT-0NEW YORK ST MED CARE FACS FIN AGY REV REF-BETH ISRAEL MED CTR-PROJ-A 7.200%11/01/2014 99.830 / 99.830  102.500 / 102.500-27.27% / -27.27%5185
09/09/2003649845-CZ-5NEW YORK ST ENERGY RESH & DEV AUTH POLLUTN CTL REV REF-ROCHESTER GAS & ELEC 6.350%05/15/2032    103.650 / 103.650-27.25% / -27.25%1185
02/12/2003009761-AZ-0AKRON-BRIARWOOD HSG DEV CORP OHIO MTG REV REF-FHA INSD-SECT 8 ASSTD PJ-A 7.000%01/01/2022 100.781 / 100.781  103.400 / 103.400-27.25% / -27.25%4100
07/17/200364282E-BR-4NEW BRUNSWICK N J HSG & URBAN DEV AUTH LEASE REV UNREFUNDED BALANCE  5.750%07/01/2024 101.450 / 101.450  103.500 / 103.500-27.24% / -27.24%13855
06/20/2003956006-AB-6WEST SIDE CALHOUN CNTY TEX NAV DIST SOLID WASTE DISP REV UNION CARBIDE CHEM 6.400%05/01/2023    103.375 / 103.375-27.23% / -27.23%475