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Negative Yields for 2003/Q2

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 1,352 negative yield markets that we've uncovered for just the second quarter of 2003. Although this is an extremely large number of negative yields, it must be noted that because the MSRB did not go to Next Day reporting (t+1) until June 23, 2003, that this is probably NOT a complete list.

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)
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
05/15/2003924274-FL-2VERMONT ST COLLEGES  6.250%07/01/2014    104.850 / 105.000-29.88% / -29.88%4100
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
04/29/2003438704-TU-2HONOLULU HAWAII NEW PUB HSG AUTH  5.125%08/01/2008    110.246 / 110.246-28.57% / -28.57%240
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
06/24/2003130626-BD-5CALIFORNIA ST  5.800%06/01/2017    100.375 / 100.375-27.08% / -27.08%3150
05/22/200364988K-XS-1NEW YORK ST MED CARE FACS FIN AGY REV UNREFUNDED BAL-MENTAL HLTH-A  5.500%08/15/2021 100.800 / 100.800  102.250 / 102.250-27.00% / -27.00%4160
04/23/2003855348-AR-9STARK CNTY OHIO HOSP REV  6.875%12/01/2006 103.000 / 103.000  103.250 / 103.250-26.95% / -26.95%212
06/24/2003794352-BN-3SALEM N J NEW PUB HSG AUTH  3.625%09/01/2005    105.390 / 105.390-26.94% / -26.94%1105
04/01/2003346668-BQ-8FORSYTH MONT POLLUTION CTL REV REF-MONTANA PWR-A-AMBAC-TCRS  6.125%05/01/2023    104.625 / 104.625-26.93% / -26.93%2100
06/03/2003906344-YB-6UNION CNTY N J  6.400%02/01/2004 99.750 / 99.750  102.505 / 102.505-26.88% / -26.88%4100
05/09/2003745281-4G-7PUERTO RICO NEW PUB HSG AUTH  5.000%06/01/2010    108.893 / 108.893-26.82% / -26.82%220
05/02/2003605360-GG-5MISSISSIPPI HOSP EQUIP & FACS AUTH REV REF&IMPT-NORTH MISS HLTH SVC-1  5.500%05/15/2009    102.750 / 102.750-26.81% / -26.81%230
04/17/2003641270-L3-5NEVADA HSG DIV GAINS INSD-SINGLEFAM-A-MBIAIBC  %04/01/2016    102.610 / 102.610-26.75% / -26.75%390
06/26/2003911157-GS-8UNITED NATIONS DEV CORP N Y REV REF-SUB LIEN-SER C  5.500%07/01/2017    103.100 / 103.100-26.74% / -26.74%1250
06/24/2003574216-JE-8MARYLAND ST HEALTH & HIGHER EDL FACS AUTH REV PJ & REF-PENINSULA REGL MED  5.000%07/01/2023    102.366 / 102.366-26.66% / -26.66%15
06/13/2003788050-AP-7ST CHARLES PARISH LA ENVIRONMENTAL IMPT REV LA PWR & LT CO PROJ  6.375%11/01/2025 99.000 / 99.000  101.000 / 102.0007.74% / -26.63%430
04/11/2003745245-ES-5PUERTO RICO COMWLTH URBAN RENEWAL & HSG CORP REF  7.875%10/01/2004    102.200 / 102.200-26.62% / -26.62%210
04/10/2003646054-A6-3NEW JERSEY ST EDL FACS AUTH REV JERSEY CITY ST COLLEGE  6.250%07/01/2010 102.375 / 102.375  102.375 / 102.375-26.60% / -26.60%390
04/23/200360415H-R9-8MINNESOTA ST HSG FIN AGY AMT-SINGLE FAMILY MTG-SER B  5.800%07/01/2025    104.375 / 104.375-26.57% / -26.57%9140
04/01/2003454797-RQ-6INDIANA HEALTH FAC FING AUTH HOSP REV CMNTY HOSP OF ANDERSON PROJ  6.000%01/01/2014 102.283 / 102.283  102.283 / 102.283-26.57% / -26.57%230
06/24/2003717818-WX-2PHILADELPHIA PA AUTH FOR INDL DEV REVS CATHEDRAL VLG PROJ  5.700%04/01/2015 106.100 / 106.100  106.200 / 106.200-26.51% / -26.51%2890
06/06/2003450745-AY-0IBERIA HOME MTG AUTH LA SINGLE FAMILY MTG REV REF  7.375%01/01/2011    105.000 / 105.000-26.44% / -26.44%2330
06/26/2003241721-F2-0DE SOTO TEX INDPT SCH DIST CAP APPREC-REF  %08/15/2004    96.700 / 96.700-26.38% / -26.38%160
05/09/2003194635-CG-1COLLIER CNTY FLA HEALTH FACS AUTH HEALTH FAC REV MOORINGS INC PROJ  8.000%12/01/2012    131.033 / 131.033-26.36% / -26.36%220
05/29/2003266795-MG-5DURHAM N C NEW PUB HSG AUTH  5.750%10/01/2010    112.705 / 112.705-26.35% / -26.35%210
05/06/2003010685-FB-6ALACHUA CNTY FLA HEALTH FACS AUTH HEALTH FACS REV SHANDS HOSP UNIV FLA  5.900%12/01/2003    101.760 / 101.760-26.29% / -26.29%250
06/24/2003658901-BD-4NORTH DAKOTA ST HSG FIN AGY MULTIFAMILY MTG REV REF-FHA-THE 400 SEC 8 ASSTD 5.750%07/01/2023 100.000 / 100.000  102.500 / 102.500-26.28% / -26.28%240
06/25/2003605360-HC-3MISSISSIPPI HOSP EQUIP & FACS AUTH REV HOSP-SINGING RIVER HOSP SYS PJ  5.500%03/01/2023    104.136 / 104.136-26.22% / -26.22%250
06/19/2003762324-AU-5RHODE ISLAND ST TPK & BRDG AUTH REV ST GTD  3.800%12/01/2010 99.996 / 99.996  103.500 / 103.500-26.15% / -26.15%330
04/29/2003649892-GQ-3NEW YORK ST PWR AUTH REV & GEN PURP  5.875%01/01/2010 102.500 / 102.500  102.500 / 102.500-26.15% / -26.15%210
06/26/2003987677-NC-1YOUNGSTOWN OHIO NEW PUB HSG AUTH  5.000%04/01/2008 108.288 / 108.288  109.484 / 109.484-26.13% / -26.13%5650
06/16/200338122N-AC-6GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV ARS-ASSET BKD-SE %06/01/2042 100.100 / 100.125  100.600 / 103.5007.71% / -26.05%258870
06/02/2003738654-BM-3POUGHKEEPSIE N Y NEW PUB HSG AUTH  5.250%04/01/2009    112.183 / 112.183-26.04% / -26.04%260
06/18/2003575925-PH-9MASSACHUSETTS ST INDL FIN AGY REV PKG FAC-AVON ASSOC LLC-SER A  5.375%04/01/2020 98.000 / 99.000 104.300 / 104.300-26.02% / -26.02%5160
04/07/2003720653-BR-4PIERCE CNTY WASH SWR REV SER A TERM  9.000%02/01/2005    111.889 / 111.889-26.02% / -26.02%240
05/14/200392428C-BV-5VERMONT ST STUDENT ASSISTANCE CORP ED LN REV FING PROG-SER B  6.700%12/15/2012    102.500 / 104.500-0.21% / -26.00%330
05/23/2003801570-HS-4SANTA CLARA CNTY CALIF CTFS PARTN REF-HSG AUTH OFFICE PROJ  5.800%08/01/2011    103.125 / 103.125-25.99% / -25.99%290
06/06/2003052474-TG-8AUSTIN TEX UTIL SYS REV UNREFUNDED BAL-REF  5.250%05/15/2018    100.181 / 102.2505.23% / -25.98%3180
06/26/2003544052-AB-9LORDSBURG N MEX POLLUTN CTL REV REF-PHELPS DODGE CORP PROJ  6.500%04/01/2013 100.500 / 100.500  102.750 / 102.750-25.74% / -25.74%51780
06/09/2003961563-DP-5WESTVIEW SCH CORP IND REF-FIRST MTG  5.800%05/01/2005 103.800 / 103.800  104.500 / 104.500-25.74% / -25.74%51080
05/02/200373358E-AA-2PORT AUTH N Y & N J SPL OBLIG REV CONTL/EASTERN PJ-LAGUARDIA  9.125%12/01/2015 100.000 / 100.000  100.100 / 100.100-25.68% / -25.68%280
06/27/2003640847-DC-0NESHAMINY PA WTR RES AUTH WTR REV  5.400%03/01/2013    110.639 / 110.639-25.64% / -25.64%345
05/23/2003988593-BR-9YUMA CNTY ARIZ HOSP DIST NO 001  6.350%11/15/2007    116.975 / 117.225-25.06% / -25.47%3180
05/28/2003658196-PC-8NORTH CAROLINA EASTN MUN PWR AGY PWR SYS REV REF-SER B  6.000%01/01/2013 102.000 / 102.000  102.273 / 102.273-25.43% / -25.43%2240
06/16/200373358E-AA-2PORT AUTH N Y & N J SPL OBLIG REV CONTL/EASTERN PJ-LAGUARDIA  9.125%12/01/2015    102.000 / 102.000-25.34% / -25.34%270
05/15/2003011831-LH-5ALASKA ST HSG FIN CORP COLL-1ST SER-VETERANS MTG PG  5.400%12/01/2023    104.250 / 104.250-25.33% / -25.33%285
05/15/2003041150-BM-4ARKANSAS ST STUDENT LN AUTH REV SR-SER A-1  6.400%06/01/2006 98.700 / 98.700  101.000 / 101.000-25.31% / -25.31%440
06/27/2003445199-AH-5HUMBOLDT CNTY NEV POLLUTN CTL REV REF-SIERRA PACIFIC PWR CO PJ-B  6.350%08/01/2022    104.750 / 104.750-25.30% / -25.30%250
06/20/200357419H-X5-1MARYLAND ST CMNTY DEV ADMIN DEPT HSG & CMNTY DEV MULTI-FAMILY HSG-INSD MTG- 6.625%05/15/2023 102.935 / 102.935  103.304 / 103.304-25.30% / -25.30%4360
06/10/2003041817-BU-0ARLINGTON TEX HOSP AUTH REV ARLINGTON MEM HOSP  6.700%12/01/2009 101.650 / 101.650  102.500 / 102.500-25.28% / -25.28%41800
06/17/2003576528-BF-9MATAGORDA CNTY TEX NAV DIST NO 1 POLLUTN CTL REV REF-CENTRAL PWR & LT CO PJ 6.000%07/01/2028 103.051 / 103.051  104.101 / 104.101-25.19% / -25.19%3255
05/21/2003367726-AA-4GATEWAY N J HSG DEV CORP REV FHA INSD MTG-SECT 8 ASSISTED  10.500%08/01/2025 106.600 / 106.600  106.800 / 106.800-25.18% / -25.18%2240
06/20/2003786744-FR-8SAGINAW MICH HOSP FIN AUTH HOSP REV REF SER C-ST LUKES HOSP  6.000%07/01/2021    102.250 / 102.250-25.18% / -25.18%230
06/06/2003746697-AH-4PUTNAM CNTY W VA POLLUTN CTL REV APPALACHIAN PWR CO PROJ-SER C  6.600%07/01/2019    103.250 / 103.500-24.32% / -25.15%240
04/30/2003592098-UT-2METROPOLITAN GOVT NASHVILLE & DAVIDSON CNTY TENN WTR & SWR REV OLD-REF-MBIA 5.500%01/01/2016    102.200 / 102.200-25.04% / -25.04%3135
06/18/2003494787-BB-9KING CNTY WASH PUB HOSP DIST NO 001 HOSP FACS REV VALLEY MED CTR  5.500%09/01/2017 99.085 / 99.085  102.200 / 102.200-25.04% / -25.04%51000
06/19/2003956006-AB-6WEST SIDE CALHOUN CNTY TEX NAV DIST SOLID WASTE DISP REV UNION CARBIDE CHEM 6.400%05/01/2023 101.000 / 101.000  103.375 / 103.375-25.02% / -25.02%2125
06/04/2003797395-AC-4SAN DIEGO CNTY CALIF HSG AUTH MULTIFAMILY REV HSG-DEL MAR TURF CLUB APTS-A  5.500%07/01/2025 100.000 / 100.000  102.500 / 102.500-25.02% / -25.02%270
05/23/2003235037-MC-9DALLAS-FORT WORTH TEX REGL ARPT REV BRANIFF SPL FACS  6.750%11/01/2008    102.200 / 102.200-24.97% / -24.97%465
06/30/200331132P-AL-4FARMINGTON MO INDL DEV AUTH HEALTH CARE FACS REV PRESBYTERIAN MANORS INC  7.000%05/15/2025    102.500 / 102.500-22.80% / -24.97%210
04/28/200364988K-2Q-9NEW YORK ST MED CARE FACS FIN AGY REV UNREFUNDED BAL-MENTAL HLTH-D  5.900%08/15/2022 100.125 / 100.125  102.625 / 102.625-24.88% / -24.88%460
06/27/2003575925-PH-9MASSACHUSETTS ST INDL FIN AGY REV PKG FAC-AVON ASSOC LLC-SER A  5.375%04/01/2020    104.211 / 104.211-24.84% / -24.84%115
06/25/2003575925-PH-9MASSACHUSETTS ST INDL FIN AGY REV PKG FAC-AVON ASSOC LLC-SER A  5.375%04/01/2020    104.210 / 104.210-24.83% / -24.83%110
06/26/2003575925-PH-9MASSACHUSETTS ST INDL FIN AGY REV PKG FAC-AVON ASSOC LLC-SER A  5.375%04/01/2020    104.210 / 104.210-24.83% / -24.83%15
04/10/2003431812-DH-6HILLSBORO KANS REF & IMPT-SER B  6.600%08/01/2005 109.260 / 109.260  110.260 / 110.260-24.79% / -24.79%230
06/20/2003592098-UT-2METROPOLITAN GOVT NASHVILLE & DAVIDSON CNTY TENN WTR & SWR REV OLD-REF-MBIA 5.500%01/01/2016 101.300 / 101.300  101.300 / 101.300-24.75% / -24.75%4225
05/27/2003213237-YS-3COOK CNTY ILL NEW PUB HSG AUTH  4.750%08/01/2005 104.760 / 104.760  105.261 / 105.261-24.62% / -24.62%440
05/09/2003933623-BJ-8WAMEGO KANS POLLUTN CTL REV REF-KANS GAS & ELEC CO PROJ  7.000%06/01/2031 102.002 / 102.002  103.300 / 103.300-24.57% / -24.57%2110
05/12/2003566820-CG-9MARICOPA CNTY ARIZ INDL DEV AUTH HOSP FAC REV ST JOSEPHS HOSP & MED CTR PRJ 7.750%11/01/2010    121.607 / 121.607-24.45% / -24.45%2190
05/30/2003298191-WW-3EUGENE ORE ELEC UTIL REV REF-SYS  3.000%08/01/2009    103.058 / 104.0602.46% / -24.41%143220
04/11/2003364070-AT-9GALLUP N MEX POLLUTION CTL REV REF-PLAINS ELEC GENERATION  6.650%08/15/2017 102.400 / 102.400  104.000 / 104.000-24.39% / -24.39%3300
04/16/200359465C-4J-3MICHIGAN ST HOSP FIN AUTH REV UNREFUNDED BALANCE  8.125%08/15/2012    101.500 / 101.500-24.36% / -24.36%2190
06/11/2003649832-T2-8NEW YORK ST DORM AUTH REVS INSD-UPSTATE CMNTY COLLEGES-A  5.625%07/01/2012    103.000 / 103.000-24.35% / -24.35%2105
04/30/2003233904-NC-1DADE CNTY FLA HEALTH FACS AUTH HOSP REV REF-BAPTIST HOSP MIAMI-A  5.250%05/15/2021 98.392 / 100.981  101.850 / 101.850-24.30% / -24.30%111900
04/14/2003939780-W7-3WASHINGTON ST HEALTH CARE FACS AUTH REV VA MASON OBLIG GROUP SEATTLE  6.300%02/15/2017 102.000 / 102.000  102.387 / 103.8756.04% / -24.23%3170
05/01/2003649659-DK-2NEW YORK N Y PREREFUNDED-SER A-MBIA-IBC  7.250%03/15/2018    112.170 / 112.170-24.06% / -24.06%3150
05/21/200345884A-UB-7INTERMOUNTAIN PWR AGY UTAH PWR SUPPLY REV PREREFUNDED-1986-SER B  5.000%07/01/2016 97.173 / 97.173 102.000 / 102.000-24.00% / -24.00%690
04/10/2003566816-CR-3MARICOPA CNTY ARIZ INDL DEV AUTH HEALTH FACS REV INSD-CATHOLIC HLTHCARE WES 5.750%07/01/2011    104.000 / 104.000-23.99% / -23.99%260
06/30/2003158874-BL-0CHANDLER ARIZ NEW PUB HSG AUTH  5.375%11/01/2008 109.784 / 109.784  111.609 / 111.609-23.98% / -23.98%4120
04/15/2003867689-AN-1SUNRISE FLA WTR GAS & SWR REV  6.375%10/01/2012    116.600 / 116.600-23.96% / -23.96%220
05/15/2003867568-CF-2SUNNYVALE CALIF REDEV AGY PKG REV  6.700%05/01/2007    116.510 / 116.510-23.94% / -23.94%220
06/03/2003298191-WW-3EUGENE ORE ELEC UTIL REV REF-SYS  3.000%08/01/2009    103.905 / 104.5062.31% / -23.93%5170
05/01/2003442588-BJ-7HOWARD CNTY MD MULTIFAMILY REV REF-HSG-EDEN COMMONS-SER B  6.100%06/15/2013    104.550 / 104.550-23.86% / -23.86%3130
04/16/2003727227-B7-4PLANO TEX WTRWKS & SWR SYS REV SER A  5.150%05/01/2007    102.000 / 102.000-23.84% / -23.84%240
04/24/2003086395-GY-0BESSEMER ALA MED CLINIC BRD REV REF-BESSEMER CARRAWAY CTR-A  6.750%04/01/2011 101.226 / 101.226  102.200 / 102.200-23.72% / -23.72%4800
04/15/2003544581-AK-7LOS ANGELES CALIF MTG REV REF-FHA INSD-SEC 8 ASSTD-SER A  6.300%01/01/2025    104.102 / 104.102-23.62% / -23.62%220
05/08/2003646054-6J-0NEW JERSEY ST EDL FACS AUTH REV RUTGERS ST UNIV-MBIA-BOOKENTRY  6.000%07/01/2008 100.506 / 100.506  101.965 / 102.131-21.33% / -23.57%5120
06/27/2003575851-H3-7MASSACHUSETTS ST HEALTH & EDL FACS AUTH REV SOUTH SHORE HOSP-SER E  5.400%07/01/2007    102.000 / 102.000-23.54% / -23.54%110
04/15/200359163E-AQ-1METRO REGL TRAN AUTH OHIO CAP FACS  6.800%12/01/2007 101.280 / 101.280  102.100 / 102.100-23.51% / -23.51%250
06/03/2003613535-FS-7MONTGOMERY CNTY OHIO INDL DEV REV REF-KROGER CO PROJ  7.450%09/01/2007 103.700 / 103.700  104.450 / 104.450-23.43% / -23.43%4100
06/18/2003782470-AL-2RUSSELL CNTY VA INDL DEV AUTH POLLUTN CTL REV APPALACHIAN PWR CO PROJ-SER G 7.700%11/01/2007    102.250 / 102.250-23.40% / -23.40%3325
05/19/2003956622-MK-7WEST VIRGINIA ST HOSP FIN AUTH HOSP REV REF-WEST VA UNIV HOSPS INC  5.400%06/01/2011    102.750 / 102.750-23.36% / -23.36%360
06/23/2003251237-GF-4DETROIT MICH SEW DISP REV  7.100%12/15/2009    116.078 / 116.078-23.34% / -23.34%3285
05/28/2003717829-VR-3PHILADELPHIA PA NEW PUB HSG AUTH MBIA-BOOK ENTRY  5.000%04/01/2008 109.305 / 109.305  111.305 / 111.305-23.34% / -23.34%250
06/09/2003686492-EH-8ORLANDO FLA SWR REV  6.250%04/01/2006 105.301 / 105.301 110.801 / 110.801-23.32% / -23.32%420
04/01/2003957886-BR-4WESTERN CAROLINA REGL SWR AUTH S C SEW SYS REV REF  5.500%03/01/2010    102.500 / 102.500-23.30% / -23.30%360
06/27/2003130909-JG-0CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV CTFS PARTN CATHOLIC H C WEST OBLIG 5.500%07/01/2023    104.360 / 104.360-23.29% / -23.29%230
05/08/2003167534-SH-0CHICAGO ILL MET HSG DEV CORP MTG REV HSG DEV-FHA INSD-SECT 8 ASST-B  5.800%01/01/2025    103.300 / 103.550-17.98% / -23.28%17720
06/11/2003675594-AE-5OCONEE CNTY S C POLLUTION CTL REV REF-DUKE PWR CO PROJ  5.800%04/01/2014    103.950 / 103.950-23.22% / -23.22%260
05/12/2003121825-BD-4BURLINGTON KANS POLLUTION CTL REV REF-KANSAS GAS & ELEC CO PJ  7.000%06/01/2031    101.397 / 103.3751.00% / -23.19%455
04/09/2003439714-AC-0HOPEWELL VA INDL DEV AUTH RES RECOVERY REV REF-STONE CONTAINER CORP PROJ  8.250%06/01/2016    105.000 / 105.320-18.93% / -23.11%215
05/29/200360415H-WD-3MINNESOTA ST HSG FIN AGY SINGLEFAM MTG-AMT-H-RMK8\12\92  6.500%01/01/2026    104.250 / 104.500-23.03% / -23.03%345
04/01/2003047681-FJ-5ATLANTA & FULTON CNTY GA REC AUTH REV REF-ZOO SER  6.200%12/01/2005 103.040 / 103.040  103.140 / 103.140-22.99% / -22.99%22000
05/23/2003376576-BR-4GLADSTONE MICH NEW PUB HSG AUTH  5.000%04/01/2009    110.322 / 110.322-22.91% / -22.91%250
05/05/2003649860-JS-3NEW YORK ST HSG FIN AGY NON PROFIT HSG  6.200%11/01/2012 100.250 / 100.250 104.302 / 104.302-22.90% / -22.90%245
06/24/2003657903-GA-2NORTH CAROLINA EDL FACS FIN AGY REV DAVIDSON COLLEGE PROJ  6.000%12/01/2012    103.000 / 103.000-22.68% / -22.68%150
06/27/2003706747-AR-3PENDLETON CNTY KY CTFS PARTN  6.250%02/01/2014    102.000 / 102.000-22.68% / -22.68%130
05/23/2003452010-RR-4ILLINOIS HSG DEV AUTH MULTI-FAMILY HSG  7.000%07/01/2017 99.170 / 99.170  102.750 / 102.750-22.66% / -22.66%220
04/29/200313033J-U3-4CALIFORNIA HEALTH FACS FING AUTH REV SAN DIEGO HOSP ASSN-SER B  6.125%08/01/2022    102.500 / 102.500-22.64% / -22.64%32055
06/06/2003745181-QV-2PUERTO RICO COMWLTH HWY & TRANSN AUTH HWY REV REF-SER X-MBIA-IBC  5.000%07/01/2022 100.710 / 100.710  101.710 / 103.1001.17% / -22.60%340
06/24/2003575910-3T-9MASSACHUSETTS ST HSG FIN AGY HSG REV ADJ-SINGLE FAM-22-RMK 5/6/93  6.100%06/01/2016    103.250 / 103.250-22.58% / -22.58%1100
05/29/2003620722-EP-9MOUNT AIRY N C NEW PUB HSG AUTH  5.250%10/01/2008    110.998 / 110.998-22.57% / -22.57%220
04/24/2003685386-AB-0ORANGEBURG CNTY S C SOLID WASTE DISP FACS REV S C ELEC & GAS-RMKT 11/3/1997 5.700%11/01/2024 100.225 / 100.225  101.650 / 101.650-22.56% / -22.56%4680
06/26/2003801617-CV-1SANTA CLARA CNTY CALIF HSG AUTH MULTIFAMILY HSG REV VAR-REF-ORCHARD GLEN AP 4.500%11/01/2007    102.625 / 102.625-22.55% / -22.55%1150
05/05/2003545909-AM-5LOUDOUN CNTY VA INDL DEV AUTH LEASE REV NORTHERN VA CRIMINAL JUSTICE  5.500%06/01/2008 100.314 / 103.211  104.011 / 104.211-20.04% / -22.50%61805
05/19/2003646131-AQ-5NEW JERSEY ST TRAN CORP CAPITAL GRANT ANTIC NTS-SER A  4.500%02/01/2004 100.088 / 100.088  101.000 / 101.000-22.50% / -22.50%260
05/06/2003617100-AH-5MORGAN CNTY COLO POLLUTN CTL REV REF-1ST MTG-PUB SVC CO-SER A  5.500%06/01/2012 101.161 / 101.161  101.161 / 102.8612.77% / -22.45%6240
06/10/2003649832-T3-6NEW YORK ST DORM AUTH REVS INSD-UPSTATE CMNTY COLLEGES-A  5.750%07/01/2022 102.200 / 102.225  103.200 / 103.200-22.32% / -22.32%2411280
05/28/2003703147-JQ-2PATERSON N J NEW PUB HSG AUTH  3.875%02/01/2006 104.100 / 104.100  104.500 / 104.500-22.29% / -22.29%2150
05/13/200341524C-AP-9HARRISON CNTY W VA CNTY COMMN SOLID WASTE DISP REV MONONGAHELA PWR-B-AMBAC- 6.250%05/01/2023 99.763 / 102.250 104.250 / 104.250-22.21% / -22.21%7210
06/02/2003130329-CM-5CALIFORNIA HSG FIN AGY REV MULTI-UNIT RENTAL HSG  6.875%02/01/2022    104.750 / 104.750-22.09% / -22.09%2100
06/19/2003246394-WS-5DELAWARE ST HSG AUTH REV HOME OWNERSHIP-SR MTG-SER A  7.800%12/01/2019 100.314 / 100.314  102.155 / 102.155-22.02% / -22.02%460
04/24/2003929840-CJ-3WACO TEX HEALTH FACS DEV CORP HOSP REV HILLCREST BAPTIST MED CTR PROJ  7.125%09/01/2014 98.550 / 98.550  102.100 / 102.100-21.98% / -21.98%5100
04/10/2003241721-F2-0DE SOTO TEX INDPT SCH DIST CAP APPREC-REF  %08/15/2004 94.264 / 94.264  95.700 / 95.700-21.98% / -21.98%4240
05/27/2003880557-TN-3TENNESSEE ST SCH BD AUTH PREREFUNDED-SER A  4.000%05/01/2012 101.000 / 101.000  102.000 / 102.000-21.86% / -21.86%250
06/25/2003575851-JN-1MASSACHUSETTS ST HEALTH & EDL FACS AUTH REV BETH ISRAEL HOSP-SER G  5.750%07/01/2012    103.000 / 103.000-21.85% / -21.85%120
05/07/2003594553-M8-9MICHIGAN MUN BD AUTH REV REF-LOC GOVT LN-AMBACINSD-86-B  5.700%11/01/2016    103.200 / 103.200-10.96% / -21.83%225
04/23/2003233904-LN-9DADE CNTY FLA HEALTH FACS AUTH HOSP REV BAPTIST HOSP MIAMI-A  6.750%05/01/2008    111.775 / 111.775-21.83% / -21.83%230
05/27/2003880458-A9-5TENNESSEE HSG DEV AGY HOMEOWNERSHIP-Z-2-RMK 10/14/93  5.750%07/01/2024    104.500 / 104.500-21.78% / -21.78%340
06/13/2003794103-BA-8SALEM CNTY N J INDL POLLUTN CTL FING AUTH REV REF-POLLTN CTL-PUB SVC E&G-A  5.700%05/01/2028 102.000 / 102.000  104.000 / 104.000-21.70% / -21.70%2110
06/19/2003605354-DE-6MISSISSIPPI HIGHER ED ASSISTANCE CORP STUDENT LN REV SR-SER B  5.700%09/01/2005 102.602 / 102.602  104.000 / 104.000-21.70% / -21.70%4240
06/11/200345200L-QC-3ILLINOIS HEALTH FACS AUTH REV UNREFUNDED BAL-EVANGELICAL-A  6.750%04/15/2017    127.581 / 127.581-21.68% / -21.68%2500
04/23/2003254771-DV-7DISTRICT COLUMBIA HSG FIN AGY MTG REV RESIDENTIAL SR-SER 1  7.750%09/01/2016    102.120 / 102.120-21.60% / -21.60%315
05/27/2003613604-TY-3MONTGOMERY CNTY PA HIGHER ED & HEALTH AUTH HOSP REV UNREFUNDED BAL-ABINGTON 6.000%06/01/2022    103.850 / 103.850-17.54% / -21.56%4120
06/24/2003012131-AW-8ALBANY CNTY N Y INDL DEV AGY INDL DEV REV SPECTAPARK ASSOC PJ-SER A  7.500%12/01/2003    101.000 / 101.000-21.53% / -21.53%150
04/10/2003241627-AK-4DE SOTO PARISH LA POLLUTN CTL REV REF-SOUTHWSTRN ELEC PWR CO PJ  7.600%01/01/2019 102.550 / 102.800  103.100 / 103.100-21.44% / -21.44%4800
05/27/2003052474-KJ-1AUSTIN TEX UTIL SYS REV REF-COMB-SER A-MBIA-IBC  5.600%11/15/2007    103.260 / 103.8753.84% / -21.39%2135
06/30/2003207742-QW-0CONNECTICUT ST HEALTH & EDL FACS AUTH REV ST RAPHAEL HOSP-SER G  6.100%07/01/2008    103.250 / 103.250-21.38% / -21.38%115
05/09/2003167534-SH-0CHICAGO ILL MET HSG DEV CORP MTG REV HSG DEV-FHA INSD-SECT 8 ASST-B  5.800%01/01/2025    103.550 / 103.550-19.71% / -21.38%2100
06/23/2003213237-4H-0COOK CNTY ILL NEW PUB HSG AUTH  5.000%04/01/2006    108.500 / 108.500-21.35% / -21.35%150
06/16/2003499800-FP-0KNOXVILLE TENN NEW PUB HSG AUTH  3.500%02/01/2006 102.500 / 102.500  103.000 / 103.000-21.29% / -21.29%250
06/23/2003233543-ER-4DADE CNTY FLA PUB FACS REV JACKSON MEM HOSP  5.250%06/01/2023    103.000 / 103.000-21.29% / -21.29%125
06/26/200397710A-JN-5WISCONSIN ST HEALTH & EDL FACS AUTH REV LUTHERAN HOSP-LA CROSSE INC-A  5.750%02/15/2015 100.357 / 101.152  102.625 / 102.625-21.23% / -21.23%5210
06/03/2003207728-AW-6CONNECTICUT ST DEV AUTH POLLUTN CTL REV PFIZER INC PROJ-RMKT-04/15/92  6.550%02/15/2013 103.975 / 103.975  104.700 / 104.700-21.20% / -21.20%4560
04/30/2003648040-DY-6NEW PHILADELPHIA OHIO CITY SCH DIST SCH IMPT  6.250%12/01/2017    102.987 / 102.987-21.16% / -21.16%3150
06/20/2003796846-AN-3SAN BERNARDINO CNTY CALIF TRANSN AUTH SALES TAX REV SER A  6.000%03/01/2006 101.880 / 101.880  103.045 / 103.045-21.13% / -21.13%2200
05/07/2003483663-AW-0KANAWHA CNTY W VA INDL DEV REV UNION CARBIDE CHEM&PLASTICS A  8.000%08/01/2020 100.280 / 100.280  102.100 / 102.100-21.07% / -21.07%4100
05/07/2003837314-AP-8SOUTH CHARLESTON W VA INDL DEV REV UNION CARBIDE CHEM&PLASTICS-A  8.000%08/01/2020 100.280 / 100.280  102.100 / 102.100-21.07% / -21.07%4100
06/02/2003678586-KU-1OKLAHOMA CITY OKLA NEW PUB HSG AUTH  5.750%05/01/2009    113.000 / 113.000-21.00% / -21.00%230
06/03/200364988K-XS-1NEW YORK ST MED CARE FACS FIN AGY REV UNREFUNDED BAL-MENTAL HLTH-A  5.500%08/15/2021 100.820 / 100.820  101.591 / 101.591-20.93% / -20.93%4140
05/06/2003410778-BN-3HANOVER CNTY VA INDL DEV AUTH MED FACS REV RICHMOND MEM HOSP&HANOVER MED  6.250%10/01/2011 100.648 / 100.648  101.312 / 101.312-20.92% / -20.92%230
05/02/2003059229-AK-0BALTIMORE MD PORT FACS REV CONS COAL SALES-B-ACRL 2/2/92  6.500%10/01/2011 102.575 / 102.575  104.000 / 104.000-20.88% / -20.88%4100
06/24/200356041H-AA-3MAINE FIN AUTH SOLID WASTE RECYCLING FACS REV GREAT NORTHN PAPER PJ-BOWATER 7.750%10/01/2022    103.000 / 103.000-20.87% / -20.87%120
06/13/200368608P-CB-1OREGON ST HSG & CMNTY SVCS DEPT HSG FIN REV ASSISTED OR INSD MULTI-UNIT-A  5.750%07/01/2012    103.000 / 103.000-20.77% / -20.77%3120
06/17/2003771595-BG-9ROCHESTER MINN HOSP REV  5.750%10/01/2007 105.045 / 105.045  107.956 / 107.956-20.70% / -20.70%360
06/30/2003041081-QQ-6ARKANSAS ST DEV FIN AUTH SINGLE FAMILY MTG REV REF-FHA INSD-SER A  8.000%08/15/2011 102.000 / 102.000  102.500 / 102.500-20.68% / -20.68%230
04/04/2003649731-GG-5NEW YORK N Y NEW PUB HSG AUTH  5.000%01/01/2010    107.250 / 107.250-20.66% / -20.66%360
06/13/2003130624-BR-9CALIFORNIA ST  5.500%06/01/2010 100.000 / 100.000  101.875 / 101.875-20.62% / -20.62%250
06/04/2003649850-GB-4NEW YORK ST ENVIRONMENTAL FACS CORP POLLUTN CTL REV ST WTR-REVOLVING FD-SER 6.400%09/15/2009    107.692 / 107.692-20.56% / -20.56%220
06/23/2003130626-BD-5CALIFORNIA ST  5.800%06/01/2017 99.000 / 99.000  100.375 / 100.375-20.54% / -20.54%4450
04/25/2003961046-JS-9WESTMORELAND CNTY PA NEW PUB HSG AUTH  5.250%08/01/2007 107.520 / 107.520  108.000 / 108.000-20.53% / -20.53%375
06/30/2003574300-DD-8MARYLAND ST TRANSN AUTH TRANSN FACS PRJS REV  5.750%07/01/2015    101.750 / 101.750-20.52% / -20.52%115
04/10/2003606354-WL-8MISSOURI ST HSG DEV COMMN MTG REV SINGLE FAM-GNMA MTG BKD SECS-A  6.750%06/01/2024 101.500 / 101.500  103.750 / 103.750-20.51% / -20.51%230
05/05/2003837147-KQ-9SOUTH CAROLINA ST PUB SVC AUTH REV REF-SER C  5.000%01/01/2025 99.496 / 99.496 102.735 / 104.0003.28% / -20.40%365
05/05/2003956622-MM-3WEST VIRGINIA ST HOSP FIN AUTH HOSP REV REF-WEST VA UNIV HOSPS INC  5.000%06/01/2016    101.375 / 101.375-20.32% / -20.32%250
04/14/2003833099-AQ-7SNOHOMISH CNTY WASH PUB TRANSN BENEFIT AREA CORP  6.500%11/01/2006    101.850 / 101.850-20.30% / -20.30%345
04/28/2003685386-AB-0ORANGEBURG CNTY S C SOLID WASTE DISP FACS REV S C ELEC & GAS-RMKT 11/3/1997 5.700%11/01/2024 100.855 / 100.855  102.500 / 102.500-20.28% / -20.28%5500
05/12/2003086395-GY-0BESSEMER ALA MED CLINIC BRD REV REF-BESSEMER CARRAWAY CTR-A  6.750%04/01/2011 101.675 / 101.675  102.100 / 102.100-20.24% / -20.24%41420
06/02/2003478273-AP-0JOHNSON CITY TENN INDL DEV BRD INDL DEV REV REF-K MART CORP-MBIA-IBC  6.400%05/01/2008 102.475 / 102.475  104.100 / 104.100-20.22% / -20.22%4140
06/02/200364579C-NG-1NEW JERSEY HEALTH CARE FACS FING AUTH REV JFK HEALTH SYS  5.400%07/01/2013    103.934 / 103.934-20.12% / -20.12%250
04/10/200364984E-AE-5NEW YORK ST ENERGY RESH & DEV AUTH FACS REV CON EDISON CO N Y INC PROJ  6.000%03/15/2028    103.750 / 103.750-20.11% / -20.11%2100
04/11/2003476575-FQ-3JERSEY CITY N J WTR  4.900%12/15/2008    103.746 / 103.746-20.11% / -20.11%270
05/28/2003353179-AP-9FRANKLIN CNTY OHIO FIRST MTG REV OCLC INC PRJ  7.500%06/01/2009 118.468 / 118.468  116.497 / 118.5684.35% / -20.08%4350
06/11/2003517481-AP-2LAS CRUCES N MEX HEALTH FACS REV REF-EVANGELICAL LUTHERAN PROJ  6.000%12/01/2004 102.750 / 102.750  103.900 / 103.900-20.06% / -20.06%4340
06/17/2003451297-BP-9IDAHO HSG AGY INSD SECT 8 ASSISTED HSG  6.000%01/01/2007 102.250 / 102.250  102.250 / 102.250-20.05% / -20.05%240
05/15/200373358E-AB-0PORT AUTH N Y & N J SPL OBLIG REV CONTL/EASTERN PJ LAGUARDIA  9.000%12/01/2006 98.452 / 98.452  102.100 / 102.100-20.04% / -20.04%460
04/01/2003575925-PH-9MASSACHUSETTS ST INDL FIN AGY REV PKG FAC-AVON ASSOC LLC-SER A  5.375%04/01/2020    103.000 / 104.000-7.56% / -20.03%7150
06/26/2003360244-FL-6FULTON DEKALB GA HOSP AUTH HOSP REV REF-CTFS  5.500%01/01/2020 100.250 / 100.309  102.290 / 102.5884.29% / -19.92%8110
06/11/2003880460-LH-1TENNESSEE HSG DEV AGY MTG FIN SER A  5.950%07/01/2028 101.000 / 101.000  102.340 / 103.1251.00% / -19.89%5210
04/30/2003340324-BK-7FLORENCE S C NEW PUB HSG AUTH  5.750%08/01/2005 104.031 / 104.031  107.531 / 107.531-19.80% / -19.80%440
04/30/2003717829-VL-6PHILADELPHIA PA NEW PUB HSG AUTH  5.000%04/01/2011    110.641 / 112.000-16.89% / -19.67%4100
04/04/200373358E-AC-8PORT AUTH N Y & N J SPL OBLIG REV CONTL/EASTERN PJ LAGUARDIA  9.000%12/01/2010 100.000 / 100.000  101.125 / 103.000-6.86% / -19.64%5310
04/24/2003859733-AB-3STERLINGTON LA POLLUTN CTL REV INC PROJ-GTD INTERNTL MIN & CH  6.750%06/01/2004    101.817 / 101.817-19.58% / -19.58%445
06/25/2003943087-AW-6WAUKESHA WIS HOSP REV  6.875%10/01/2007 105.600 / 105.600  107.100 / 107.100-19.50% / -19.50%230
04/22/2003732835-BA-0POPE CNTY ARK POLLUTN CTL REV REF-ARK PWR & LT CO PROJ  6.300%11/01/2020 100.000 / 100.000  102.000 / 102.000-19.47% / -19.47%230
04/16/200317131H-AF-5CHULA VISTA CALIF INDL DEV REV SAN DIEGO G & E-A-AMBAC-TCRS  6.400%12/01/2027    103.810 / 103.810-19.47% / -19.47%3345
05/19/2003451475-BK-2IDAHO ST WTR RES BRD WTR REV RES DEV-UTD WTR IDAHO INC  5.300%08/01/2027 102.970 / 102.970  104.970 / 104.970-19.35% / -19.35%330
05/15/2003708791-W5-3PENNSYLVANIA HSG FIN AGY REF-RENTAL HSG  5.850%07/01/2018    104.500 / 104.500-15.13% / -19.34%250
04/10/2003237285-AA-9DARLINGTON CNTY S C POLLUTION CTL REV ANNUAL TENDER-CAROLINA PWR<  6.600%11/01/2010    104.750 / 104.750-19.32% / -19.32%225
05/20/2003492289-AZ-6KERN VY HOSP DIST CALIF REV INSD-REF  6.500%08/01/2021 100.324 / 100.324  102.000 / 102.000-19.25% / -19.25%4200
06/09/2003452007-VF-1ILLINOIS HEALTH FACS AUTH REV NORTHWESTN MEM HOSP PROJ  5.875%05/01/2006    110.515 / 110.515-19.21% / -19.21%220
06/19/2003795583-CQ-4SALT LAKE CITY UTAH HOSP REV IHC HOSPS INC  5.000%06/01/2015    111.500 / 111.500-19.11% / -19.11%220
06/18/2003451908-GA-9ILLINOIS DEV FIN AUTH REV CHILDRENS HOME & AID SOC PROJ  7.125%03/15/2007 100.000 / 100.000  102.900 / 102.900-19.09% / -19.09%460
04/15/2003940797-AF-0WASHOE CNTY NEV GAS & WTR FACS REV REF-SIERRA PAC-CONV 7\23\92  6.300%12/01/2014    103.550 / 103.550-19.06% / -19.06%2750
04/07/2003914811-EG-5UNIVERSITY P R UNIV REVS  5.500%06/01/2012    103.626 / 103.626-19.03% / -19.03%260
05/05/2003677525-HA-8OHIO ST AIR QUALITY DEV AUTH REV ADJ-COLUMBUS & SOUTHN OHIO-A  6.375%12/01/2020 102.010 / 102.010  104.000 / 104.000-19.02% / -19.02%4100
06/16/2003414189-AB-6HARRIS CNTY TEX INDL DEV CORP MARINE TERMINAL REV REF-GATX TERMINALS CORP P 6.950%02/01/2022 102.000 / 102.000  102.500 / 102.500-18.99% / -18.99%2150
06/06/2003790195-EX-5ST JOHN BAPTIST PARISH LA GAS & WTR REV REF-UTIL  5.900%12/01/2008    112.892 / 112.892-18.93% / -18.93%320
04/15/2003516102-AY-6LANSDALE PA PKG AUTH PKG REV GTD  6.200%08/15/2003 100.186 / 100.186  101.150 / 101.150-18.92% / -18.92%230
06/13/2003199875-DY-8COMANCHE CNTY OKLA HOSP AUTH REV SER A  5.375%07/01/2023 100.350 / 100.350  101.600 / 101.600-18.92% / -18.92%4260
06/04/200307132F-BB-7BATTERY PK CITY AUTH N Y HSG REV FHA INS MTG LN-SER A  5.650%12/01/2013    101.760 / 101.760-18.90% / -18.90%330
06/17/2003059229-AH-7BALTIMORE MD PORT FACS REV CONS COAL SALES-ACRL 2/1/92  6.500%12/01/2010 103.085 / 103.085  104.000 / 104.000-18.89% / -18.89%4120
04/29/2003793038-AM-2ST PAUL MINN PORT AUTH ENERGY PK TAX INCREMENT REV 1ST LIEN  5.100%02/01/2004 101.142 / 101.142  102.158 / 102.158-18.88% / -18.88%4720
06/19/2003167574-RT-1CHICAGO ILL NEW PUB HSG AUTH  5.000%06/01/2010    112.465 / 112.465-18.88% / -18.88%240
06/24/2003649858-SH-1NEW YORK ST HSG FIN AGY NON PROFIT HSG  6.600%11/01/2012    111.500 / 111.500-18.84% / -18.84%15
05/01/2003717829-VL-6PHILADELPHIA PA NEW PUB HSG AUTH  5.000%04/01/2011    111.500 / 111.500-18.81% / -18.81%250
05/05/2003613058-BR-6MONTGOMERY ALA MED CLINIC BRD HEALTH CARE FAC REV UNREFUNDED BALANCE  7.000%03/01/2015    102.000 / 102.000-18.73% / -18.73%260
04/28/2003424056-JD-2HEMPSTEAD N Y NEW PUB HSG AUTH MBIA-BOOK ENTRY  4.875%01/01/2005 102.999 / 102.999  105.124 / 105.124-18.61% / -18.61%4100
05/30/2003254760-2X-8DISTRICT COLUMBIA SER E-FSA-CR  6.000%06/01/2011 102.000 / 102.000  104.000 / 104.000-18.50% / -18.50%22570
05/21/2003425200-UM-2HENDERSON NEV WTR-SER A  5.750%12/01/2004 100.850 / 100.850  103.100 / 103.100-18.44% / -18.44%250