100 Worst Bid-Offer Spreads for 07/08/2010

CUSIP	Description	Coupon	Maturity	Customer Sell To Dealer Bid Side Price Low/High	Bid Offer Spreads	Customer Purchase From Dealer Offer Side Price Low/High	Yield % on Offer Side Price Low % / High %	# of Trades	Volume
167592YG3	CHICAGO ILL O HARE INTL ARPT REF-GEN-AIRPORT-3RD LIEN-C-2	5.250	01/01/2034	87.056 / 87.056	11.319	97.507 / 98.375	5.372 / 5.439	3	35,000
717883KL5	PHILADELPHIA PA SCH DIST TAXABLE-SER B-BUILD AMER	6.765	06/01/2040	100.207 / 100.207	11.003	111.210 / 111.210	5.956 / 5.956	2	1MM+
73208TTT0	POMONA CALIF PUB FING AUTH REV UNREFUNDED BAL-REF-SW POMONA-W	5.000	02/01/2030	88.568 / 88.568	10.395	98.963 / 98.963	5.084 / 5.084	2	25,000
490580BX4	KENT HOSP FIN AUTH MICH REV MET HOSP PJ-SER A	5.500	07/01/2020	91.750 / 91.750	9.500	99.250 / 101.250	5.211 / 5.599	5	70,000
798111CD0	SAN JOAQUIN HILLS CALIF TRANSN REF-SER A	5.250	01/15/2030	87.000 / 87.000	9.452	83.973 / 96.452	5.550 / 6.739	5	45,000
259228FD1	DOUGLAS CNTY NEB HOSP AUTH REF-HOSP-ALEGENT HLTH-IMMANUEL	5.250	09/01/2021	91.250 / 91.250	8.750	100.000 / 100.000	5.135 / 5.135	6	6,000
802576BU1	SANTA ROSA BAY BRDG AUTH FLA CAP APPREC-NATL IBC	0.000	07/01/2018	48.800 / 48.800	8.700	57.500 / 57.500	7.068 / 7.068	2	65,000
42766MDQ7	HERNANDO CNTY FLA SCH BRD CTFS	4.500	07/01/2035	86.550 / 86.550	8.630	94.930 / 95.180	4.834 / 4.852	5	265,000
167562CY1	CHICAGO ILL MIDWAY ARPT REV AMT-SER A	5.125	01/01/2031	89.667 / 89.667	8.583	97.500 / 98.250	5.266 / 5.327	4	75,000
664554AN2	NORTHEASTERN PA HOSP & ED AUTH WYO SEMINARY PROJ	4.750	10/01/2028	87.161 / 87.161	7.903	95.064 / 95.064	5.171 / 5.171	2	30,000
219764LM7	CORONA-NORCO CALIF UNI SCH TAXABLE-BUILD AMER BDS-D	7.343	08/01/2035	104.665 / 104.665	7.605	112.270 / 112.270	5.595 / 5.595	2	15,000
888808AR3	TOBACCO SETTLEMENT FING CORP N ASSET BKD	5.750	06/01/2032	100.060 / 100.060	7.473	106.907 / 107.533	1.670 / 5.216	3	25,000
040649HN8	ARIZONA ST TRANSN BRD EXCISE MARICOPA CNTY REGL AREA RD FD	5.000	07/01/2018	107.500 / 107.500	7.202	107.700 / 114.702	2.673 / 3.734	3	30,000
709207DK7	PENNSYLVANIA ST PUB SCH BLDG SCH DIST PHILADELPHIA PJ-SER B	4.500	06/01/2032	90.750 / 90.750	6.629	97.379 / 97.379	4.693 / 4.693	2	40,000
914446AS8	UNIVERSITY MED CTR CORP ARIZ	5.000	07/01/2033	91.500 / 91.500	6.623	94.142 / 98.123	5.140 / 5.450	7	335,000
167736UF2	CHICAGO ILL WTR REV SECOND LIEN-SER A	5.000	11/01/2036	98.875 / 98.875	6.608	105.483 / 105.483	4.006 / 4.006	4	90,000
400653DE8	GUAM PWR AUTH REV SER A	5.000	10/01/2024	93.444 / 93.444	6.514	99.958 / 99.958	5.003 / 5.003	3	35,000
70960UBA1	PENTA CAREER CTR OHIO CTFS	4.500	04/01/2034	93.207 / 93.207	6.450	93.092 / 99.657	4.523 / 5.000	3	25,000
5742177C3	MARYLAND ST HEALTH & HIGHER JOHNS HOPKINS HEALTH SYS	4.500	05/15/2033	97.385 / 97.385	6.266	99.000 / 103.651	4.045 / 4.571	7	255,000
665588JE0	NORTHERN PALM BEACH CNTY IMPT REF-WTR CTL & IMPT-UNIT DEV 9A	4.375	08/01/2022	93.916 / 93.916	6.084	99.250 / 100.000	4.374 / 4.456	3	60,000
79575DPK0	SALT RIVER PROJ ARIZ AGRIC SALT RIVER PROJ-SER B	4.750	01/01/2032	97.864 / 97.864	6.000	95.265 / 103.864	3.110 / 5.116	7	391,000
92706NBL6	VILLAGE CTR CMNTY DEV DIST FLA REF-SER A	5.000	11/01/2021	93.749 / 93.749	5.955	99.704 / 99.704	5.034 / 5.034	5	75,000
71883MCQ5	PHOENIX ARIZ CIVIC IMPT CORP AMT-SR LIEN-SER B	5.250	07/01/2032	95.594 / 95.594	5.912	101.506 / 101.506	4.441 / 4.441	2	60,000
546282AJ3	LOUISIANA LOC GOVT WOMANS HOSP FNDTN PJ-SER A	6.000	10/01/2044	96.000 / 96.000	5.901	101.401 / 101.901	5.750 / 5.815	6	110,000
79020FAM8	ST JOHN BAPTIST PARISH LA REV MARATHON OIL CORP-SER A	5.125	06/01/2037	92.340 / 92.340	5.864	97.403 / 98.204	5.250 / 5.307	12	585,000
87972FBD8	TEMPE ARIZ INDL DEV AUTH LEASE ARIZ ST UNIV/ASU FOUNDATION PJ	5.000	07/01/2034	91.190 / 91.190	5.810	97.000 / 97.000	5.221 / 5.221	2	50,000
447154CS2	HUNTSVILLE ALA PUB BLDG AUTH REF-CAP IMPT-MUN JUSTICE CTR	4.750	10/01/2036	95.060 / 95.060	5.791	100.851 / 100.851	4.600 / 4.600	2	35,000
386289FS6	GRAND RAPIDS MICH SAN SWR SYS	5.000	01/01/2038	99.000 / 99.000	5.754	104.754 / 104.754	4.250 / 4.250	2	30,000
45378HAL5	INDEPENDENCE ORE URBAN RENEWAL	4.500	01/01/2022	92.075 / 92.075	5.732	97.807 / 97.807	4.750 / 4.750	2	55,000
718903QF7	PHOENIX ARIZ INDL DEV AUTH GNMA COLL-ESCALA CENTRAL-A	4.900	10/20/2044	90.168 / 90.168	5.576	95.744 / 95.744	5.166 / 5.166	2	20,000
52348LCS2	LEE CNTY FLA CAP REV	4.375	10/01/2026	96.667 / 96.667	5.478	102.145 / 102.145	3.981 / 3.981	2	40,000
838536ER7	SOUTH JERSEY TRANSN AUTH N J TAXABLE-BUILD AMER BDS-A-5	7.000	11/01/2038	101.500 / 101.500	5.463	106.963 / 106.963	6.460 / 6.460	3	75,000
745190DH8	PUERTO RICO COMWLTH HWY & SER A-NATL IBC	4.750	07/01/2038	91.710 / 91.710	5.431	97.141 / 97.141	4.940 / 4.940	2	65,000
649451AX9	NEW YORK CONVENTION CTR DEV HOTEL UNIT FEE SECD	5.000	11/15/2044	97.069 / 97.069	5.428	102.497 / 102.497	4.468 / 4.468	2	40,000
140427AR6	CAPITAL PROJS FIN AUTH FLA CAP PROJS LN PG-SR-F-1	5.125	10/01/2021	90.000 / 90.000	5.421	95.421 / 95.421	5.682 / 5.682	3	120,000
71781ECZ6	PHILADELPHIA PA AUTH FOR INDL PHILADELPHIA ARPT SYS PJ-SER A	5.250	07/01/2028	97.000 / 97.000	5.400	102.125 / 102.400	3.723 / 4.010	3	50,000
130658KF3	CALIFORNIA ST DEPT VET AFFAIRS SER A-AMBAC TCRS-BNY	4.600	12/01/2028	88.689 / 88.689	5.386	94.075 / 94.075	5.100 / 5.100	2	50,000
442348ZY7	HOUSTON TEX ARPT SYS REV AMT-SUB LIEN-SER B	5.000	07/01/2025	94.874 / 94.874	5.368	97.874 / 100.242	1.480 / 5.206	6	60,000
882667AD0	TEXAS PRIVATE ACTIVITY BD SR LIEN-LBJ INFRASTRUCTURE	7.000	06/30/2040	100.500 / 100.500	5.341	102.000 / 105.841	6.205 / 6.721	12	450,000
78169PAX5	RURAL ENTERPRISES OKLA INC USAOF STUDENT HSG-USAO PROJ-A	5.650	11/01/2031	94.316 / 94.316	5.306	99.622 / 99.622	5.680 / 5.680	2	50,000
222642JD3	COUNTY WTR-SWR DIST COLLIER	4.250	07/01/2032	91.349 / 91.349	5.301	96.018 / 96.650	4.491 / 4.538	18	270,000
542690XF4	LONG ISLAND PWR AUTH N Y ELEC SER A	5.000	09/01/2034	98.973 / 98.973	5.277	102.300 / 104.250	3.876 / 4.384	4	145,000
97710BJG8	WISCONSIN ST HEALTH & EDL FACS THEDACARE INC-SER B	4.000	12/15/2016	96.250 / 96.250	5.250	101.500 / 101.500	3.735 / 3.735	2	10,000
73358TQM6	PORT AUTH N Y & N J CONS-ONE HUNDRED FORTY FIRST	4.500	09/01/2035	95.443 / 95.443	5.231	100.674 / 100.674	4.351 / 4.351	3	50,000
630475CX7	NAPLES FLA HOSP REV NAPLES CMNTY HOSP INC PJ	5.500	10/01/2026	93.400 / 93.400	5.200	98.600 / 98.600	5.632 / 5.632	2	10,000
759136NR1	REGIONAL TRANSN DIST COLO REF-FASTRACKS PROJ-SER A	4.500	11/01/2034	98.000 / 98.000	5.180	103.180 / 103.180	3.992 / 3.992	3	15,000
915217RY1	UNIVERSITY VA UNIV REVS TAXABLE-GEN-BUILD AMER BD	6.200	09/01/2039	114.000 / 114.000	5.168	114.254 / 119.168	4.950 / 5.240	5	380,000
686543MZ9	ORLANDO & ORANGE CNTY EXPWY SER B	5.000	07/01/2035	97.094 / 97.094	5.159	99.998 / 102.253	4.184 / 5.000	3	75,000
13063A4U5	CALIFORNIA ST VAR PURP	5.750	04/01/2029	104.066 / 104.066	5.158	109.224 / 109.224	4.460 / 4.460	2	55,000
71781EAX3	PHILADELPHIA PA AUTH FOR INDL PHILADELPHIA ARPT SYS PJ-SER A	5.125	07/01/2028	94.880 / 94.880	5.116	98.675 / 99.996	5.071 / 5.240	6	65,000
927676NA0	VIRGIN ISLANDS PUB FIN AUTH GROSS RCPTS TAXES LN NTS	4.250	10/01/2029	85.703 / 85.703	5.047	90.750 / 90.750	5.004 / 5.004	2	20,000
365418CC4	GARDEN ST N J PRESERVATION TR SER B	6.375	11/01/2013	112.300 / 112.300	5.029	117.329 / 117.329	1.021 / 1.021	2	75,000
167505CD6	CHICAGO ILL BRD ED DEDICATED REVS-SER D	5.000	12/01/2027	101.536 / 101.536	4.991	106.527 / 106.527	3.971 / 3.971	2	40,000
180847S48	CLARK CNTY NEV REF	4.750	06/01/2030	97.386 / 97.386	4.989	100.760 / 102.375	4.288 / 4.600	31	1,130,000
798147V27	SAN JOSE CALIF REDEV AGY TAX MERGED AREA REDEV PJ-SER B	5.000	08/01/2029	92.539 / 92.539	4.984	95.273 / 97.523	5.206 / 5.400	3	95,000
559557AP8	MAGNOLIA ARK HSG FACS BRD UNIV CHF-MAGNOLIA-SOUTHERN ARK PJ-A	5.000	06/01/2034	90.000 / 90.000	4.982	94.982 / 94.982	5.375 / 5.375	8	130,000
052403AU6	AUSTIN TEX CMNTY COLLEGE DIST	4.125	08/01/2023	98.752 / 98.752	4.972	102.250 / 103.724	2.841 / 3.342	3	120,000
67910HLZ1	OKLAHOMA ST MUN PWR AUTH PWR REF-SER A	5.000	01/01/2018	105.500 / 105.500	4.971	110.471 / 110.471	3.400 / 3.400	2	10,000
496041FZ2	KINGS MANOR MUN UTIL DIST TEX WTRWKS & SWR SYS	4.700	09/01/2032	88.665 / 88.665	4.956	93.621 / 93.621	5.188 / 5.188	2	155,000
745220EZ2	PUERTO RICO COMWLTH SER B	5.000	07/01/2041	94.000 / 94.000	4.894	98.449 / 98.894	5.071 / 5.100	3	70,000
649903ZR5	NEW YORK ST DORM AUTH REVS NON MEM SLOAN KETTERING-SUBSER A1	5.000	07/01/2036	102.243 / 102.243	4.893	103.314 / 107.136	3.947 / 4.500	3	175,000
13062TZC1	CALIFORNIA ST VAR PURP	4.500	12/01/2036	85.614 / 85.614	4.886	89.250 / 90.500	5.163 / 5.258	5	155,000
45200B8K7	ILLINOIS FIN AUTH REV COLUMBIA COLLEGE	5.000	12/01/2037	88.439 / 88.439	4.882	93.321 / 93.321	5.473 / 5.473	2	20,000
626207YS7	MUNICIPAL ELEC AUTH GA TAXABLE-PLT VOGTLE UNITS 3&4	7.055	04/01/2057	96.290 / 96.290	4.881	96.054 / 101.171	6.969 / 7.354	20	2,280,000
605356MJ0	MISSISSIPPI HSG FIN CORP SR TERM APPREC-PREREFUNDED	0.000	06/01/2015	86.374 / 86.374	4.880	90.501 / 91.254	1.883 / 2.054	5	175,000
353174FX8	FRANKLIN CNTY OHIO CONVENTION TAXABLE-LEASE ANTIC-BUILD AMER	6.640	12/01/2042	99.750 / 99.750	4.842	104.592 / 104.592	6.305 / 6.305	2	290,000
944314HK2	WAYNE CHARTER CNTY MICH ARPT AMT-DETROIT MET WAYNE CNTY-A	5.000	12/01/2022	94.250 / 94.250	4.834	99.084 / 99.084	5.100 / 5.100	2	35,000
888805AL2	TOBACCO SETTLEMENT AUTH IOWA ASSET BKD SER C	5.625	06/01/2046	68.420 / 68.420	4.830	71.843 / 73.250	7.870 / 8.027	4	90,000
837147YZ4	SOUTH CAROLINA ST PUB SVC AUTH REF-SER A	4.750	01/01/2032	97.895 / 97.895	4.805	102.700 / 102.700	3.779 / 3.779	2	50,000
93974B2Z4	WASHINGTON ST VAR PURP-SER C	5.000	01/01/2033	103.000 / 103.000	4.800	105.408 / 107.800	3.790 / 4.150	4	50,000
498413ED1	KLAMATH FALLS ORE INTERCMNTY UNREFUNDED BAL-MERLE WEST MED	6.125	09/01/2022	88.125 / 88.125	4.789	92.914 / 92.914	7.000 / 7.000	2	20,000
864768ND4	SUFFOLK CNTY N Y INDL DEV AGY DOWLING COLLEGE-SER A	5.000	06/01/2036	69.000 / 69.000	4.785	73.510 / 73.785	7.259 / 7.289	4	85,000
4520018K9	ILLINOIS EDL FACS AUTH REVS NORTHWESTERN UNIV	5.000	12/01/2038	100.169 / 100.169	4.763	104.932 / 104.932	3.442 / 3.442	2	30,000
13063A4X9	CALIFORNIA ST VAR PURP	6.000	04/01/2035	104.000 / 104.000	4.761	106.719 / 108.761	4.759 / 5.037	6	175,000
613603LK3	MONTGOMERY CNTY PA HIGHER ED & HLTH CARE-HOLY REDEEMER HLTH-A	5.250	10/01/2017	92.649 / 92.649	4.751	96.400 / 97.400	5.693 / 5.867	4	45,000
452151PR8	ILLINOIS ST SER A	5.000	03/01/2034	97.020 / 97.020	4.730	100.000 / 101.750	4.471 / 4.998	5	100,000
423540EF6	HEMET CALIF UNI SCH DIST CMNTY NO 2005-3-IMPT AREA NO 1	5.750	09/01/2039	81.675 / 81.675	4.726	86.401 / 86.401	6.831 / 6.831	4	110,000
544646DR0	LOS ANGELES CALIF UNI SCH DIST REF-SER A-1	4.500	01/01/2028	94.330 / 94.330	4.713	94.877 / 99.043	4.580 / 4.941	13	1,285,000
13063AG65	CALIFORNIA ST VAR PURP	5.250	03/01/2038	97.515 / 97.515	4.711	101.249 / 102.226	4.896 / 5.050	7	250,000
512804SK2	LAKOTA OHIO LOC SCH DIST	4.500	12/01/2033	97.780 / 97.780	4.702	102.482 / 102.482	3.982 / 3.982	2	105,000
114729AB2	BROOME CNTY N Y INDL DEV AGY GOOD SHEPARD VLG-SER A	6.750	07/01/2028	88.425 / 88.425	4.699	93.124 / 93.124	7.450 / 7.450	3	80,000
71883MAS3	PHOENIX ARIZ CIVIC IMPT CORP SR LIEN-SER A	5.000	07/01/2025	95.325 / 95.325	4.675	99.215 / 100.000	4.882 / 5.075	3	20,000
73885NBT2	POWAY CALIF UNI SCH DIST PUB	5.000	09/15/2031	95.800 / 95.800	4.665	100.000 / 100.465	4.921 / 4.999	3	90,000
606092AU8	MISSOURI JT MUN ELEC UTIL PLUM POINT PROJ	4.600	01/01/2036	91.620 / 91.620	4.652	94.270 / 96.272	4.857 / 5.000	5	70,000
67910HFB1	OKLAHOMA ST MUN PWR AUTH PWR SER B	5.750	01/01/2024	110.880 / 110.880	4.644	113.777 / 115.524	4.226 / 4.384	9	330,000
6497167K7	NEW YORK N Y CITY TRANSITIONAL FUTURE TAX SECD-SER B	5.000	11/01/2027	103.365 / 103.365	4.635	108.000 / 108.000	1.450 / 1.450	2	95,000
4164144H0	HARTFORD CONN SER A	5.000	08/15/2020	107.095 / 107.095	4.621	111.716 / 111.716	3.143 / 3.143	2	100,000
407272G31	HAMILTON CNTY OHIO HOSP FACS CHILDRENS HOSP MED CTR-SER G	4.750	05/15/2028	95.400 / 95.400	4.600	100.000 / 100.000	4.749 / 4.749	2	35,000
13063AJK1	CALIFORNIA ST VARIOUS PURP	5.000	11/01/2037	93.875 / 93.875	4.582	96.125 / 98.457	5.105 / 5.269	12	695,000
122225AC9	BURNET CNTY TEX PUB FAC CORP	7.750	08/01/2029	94.925 / 94.925	4.578	99.501 / 99.503	7.800 / 7.800	4	80,000
074876GD9	BEAVER CNTY PA INDL DEV AUTH REF-DUQUESNE-D-CONV 01/03/07	4.500	11/01/2029	91.911 / 91.911	4.539	96.136 / 96.450	4.783 / 4.809	4	50,000
573903DF5	MARTIN CNTY FLA HEALTH FACS MARTIN MEM MED CTR PROJ	5.000	11/15/2028	82.430 / 82.430	4.522	85.246 / 86.952	6.200 / 6.375	3	65,000
45200L4B9	ILLINOIS HEALTH FACS AUTH REV RUSH-PRESBYTERIAN-ST LUKES-A	5.000	11/15/2024	95.110 / 95.110	4.518	99.580 / 99.628	5.036 / 5.041	4	40,000
59333NMN0	MIAMI-DADE CNTY FLA SPL OBLIG CAP ASSET ACQUISITN-A-AGC-ICC	4.750	04/01/2032	96.230 / 96.230	4.393	98.850 / 100.623	4.640 / 4.836	4	155,000
73208TRH8	POMONA CALIF PUB FING AUTH REV WTR FACS PROJ-SER AY	5.000	05/01/2047	95.377 / 95.377	4.373	98.175 / 99.750	5.015 / 5.110	5	185,000
080023HQ0	BELLWOOD ILL SER B	4.350	12/01/2017	95.112 / 95.112	4.372	99.484 / 99.484	4.432 / 4.432	2	245,000
017343CK8	ALLEGHENY CNTY PA PORT AUTH TRANSN	5.000	03/01/2029	96.700 / 96.700	4.350	99.750 / 101.050	4.324 / 5.020	3	80,000
19081PBL9	COBB CNTY GA HOSP AUTH REV REV ANTIC CTFS-A	4.750	04/01/2026	95.900 / 95.900	4.350	99.725 / 100.250	4.383 / 4.774	3	65,000
115015FR5	BROWARD CNTY FLA EDL FACS AUTH EDL FACS-NOVA SOUTHEASTERN	5.000	04/01/2026	99.550 / 99.550	4.328	101.481 / 103.878	4.228 / 4.700	5	1MM+
544646DQ2	LOS ANGELES CALIF UNI SCH DIST REF-SER A-1	4.500	07/01/2025	96.300 / 96.300	4.325	99.700 / 100.625	4.395 / 4.528	7	210,000

100 Worst Offer-Side Spreads for 07/08/2010

CUSIP	Description	Coupon	Maturity	Customer Sell To Dealer Bid Side Price Low/High	Customer Purchase From Dealer Offer Side Price Low/High	Offer Side Spreads	Yield % on Offer Side Price Low % / High %	# of Trades	Volume
798111CD0	SAN JOAQUIN HILLS CALIF TRANSN REF-SER A	5.250	01/15/2030	87.000 / 87.000	83.973 / 96.452	12.479	5.550 / 6.739	5	45,000
79575DPK0	SALT RIVER PROJ ARIZ AGRIC SALT RIVER PROJ-SER B	4.750	01/01/2032	97.864 / 97.864	95.265 / 103.864	8.599	3.110 / 5.116	7	391,000
59469CWR0	MICHIGAN ST STRATEGIC FD LTD REF-DETROIT EDISON CO-SER A	5.550	09/01/2029	97.750 / 97.750	92.250 / 100.250	8.000	5.313 / 6.249	7	50,000
040654PQ2	ARIZONA ST TRANSN BRD HWY REV	5.000	07/01/2018	113.600 / 113.600	106.800 / 114.100	7.300	2.446 / 3.718	4	40,000
626207YF5	MUNICIPAL ELEC AUTH GA TAXABLE-PLT VOGTLE UNITS	6.637	04/01/2057	100.635 / 100.635	95.481 / 102.647	7.166	6.456 / 6.964	4	1MM+
040649HN8	ARIZONA ST TRANSN BRD EXCISE MARICOPA CNTY REGL AREA RD FD	5.000	07/01/2018	107.500 / 107.500	107.700 / 114.702	7.002	2.673 / 3.734	3	30,000
70960UBA1	PENTA CAREER CTR OHIO CTFS	4.500	04/01/2034	93.207 / 93.207	93.092 / 99.657	6.565	4.523 / 5.000	3	25,000
64578HAV2	NEW JERSEY ECONOMIC DEV AUTH REF-SEABROOK VLG INC FAC	5.250	11/15/2036	82.000 / 82.000	79.060 / 85.420	6.360	6.402 / 7.001	3	85,000
452151LF8	ILLINOIS ST TAXABLE-PENSION	5.100	06/01/2033	0.000 / 0.000	78.514 / 84.824	6.310	6.368 / 6.996	11	440,000
006792AR6	ADELANTO CALIF ELEM SCH DIST NO 2	5.200	09/01/2036	80.882 / 80.882	78.024 / 84.302	6.278	6.450 / 7.052	4	75,000
19648ADF9	COLORADO HEALTH FACS AUTH REV CATHOLIC HEALTH INITIATIVES-A	4.625	09/01/2039	95.695 / 95.695	92.300 / 97.875	5.575	4.760 / 5.137	5	250,000
76912TDQ3	RIVERSIDE CNTY CALIF PUB FING REDEV PROJS-SER A	5.000	10/01/2035	0.000 / 0.000	88.320 / 93.852	5.532	5.451 / 5.895	2	60,000
130685WB2	CALIFORNIA ST PUB WKS BRD TAXABLE-VAR CAP PROJS-G-2-	8.361	10/01/2034	0.000 / 0.000	108.407 / 113.780	5.373	7.154 / 7.595	2	65,000
59259YDC0	METROPOLITAN TRANSN AUTH N Y TAXABLE-TRANSN-SER C-1-BUILD	6.687	11/15/2040	0.000 / 0.000	99.215 / 104.375	5.160	6.359 / 6.747	15	320,000
626207YS7	MUNICIPAL ELEC AUTH GA TAXABLE-PLT VOGTLE UNITS 3&4	7.055	04/01/2057	96.290 / 96.290	96.054 / 101.171	5.117	6.969 / 7.354	20	2,280,000
140427AV7	CAPITAL PROJS FIN AUTH FLA CAP PROJS LN PG-SR-F-1	5.000	10/01/2031	78.750 / 78.750	77.000 / 82.057	5.057	6.580 / 7.116	11	320,000
915217RY1	UNIVERSITY VA UNIV REVS TAXABLE-GEN-BUILD AMER BD	6.200	09/01/2039	114.000 / 114.000	114.254 / 119.168	4.914	4.950 / 5.240	5	380,000
379213ET4	GLENWOOD ILL TAXABLE-SER A-BUILD AMER BDS	7.030	12/01/2028	0.000 / 0.000	100.620 / 105.500	4.880	6.511 / 6.968	87	1,720,000
5742177C3	MARYLAND ST HEALTH & HIGHER JOHNS HOPKINS HEALTH SYS	4.500	05/15/2033	97.385 / 97.385	99.000 / 103.651	4.651	4.045 / 4.571	7	255,000
958324AM7	WESTERN HILLS WTR DIST CALIF DIABLO GRANDE CMNTY FACS NO 1	6.700	09/01/2020	0.000 / 0.000	72.000 / 76.622	4.622	10.500 / 11.433	3	80,000
586145WQ3	MEMPHIS TENN TAXABLE-GEN IMPT-SER C-	5.942	07/01/2032	0.000 / 0.000	101.748 / 106.254	4.506	5.450 / 5.800	2	930,000
64971PFH3	NEW YORK N Y CITY INDL DEV AGY YANKEE STADIUM PJ-PILOT	5.000	03/01/2046	98.875 / 98.875	96.000 / 100.367	4.367	4.929 / 5.249	30	320,000
98267LAB1	WYANDOTTE CNTY/KANS CITY KANS TAXABLE-KANS INTL SPEEDWAY	6.750	12/01/2027	0.000 / 0.000	97.843 / 102.047	4.204	6.550 / 6.965	4	55,000
132047BV2	CAMBRIA CNTY PA INDL DEV AUTH FIRST MTG-SR CHOICE INC PROJ	3.000	10/01/2015	80.110 / 80.110	78.300 / 82.500	4.200	7.068 / 8.232	3	70,000
544646DR0	LOS ANGELES CALIF UNI SCH DIST REF-SER A-1	4.500	01/01/2028	94.330 / 94.330	94.877 / 99.043	4.166	4.580 / 4.941	13	1,285,000
650367GJ8	NEWARK N J QUALIFIED GEN IMPT-SER A	4.250	10/01/2028	0.000 / 0.000	96.500 / 100.625	4.125	4.174 / 4.534	11	755,000
050286CS0	AUBURN CALIF UN SCH DIST CTFS REFINANCING PROJ	5.000	06/01/2033	0.000 / 0.000	100.000 / 104.097	4.097	4.206 / 4.999	5	100,000
914446AS8	UNIVERSITY MED CTR CORP ARIZ	5.000	07/01/2033	91.500 / 91.500	94.142 / 98.123	3.981	5.140 / 5.450	7	335,000
130685A75	CALIFORNIA ST PUB WKS BRD TAXABLE-VAR CAP PJS-SER A-2	8.000	03/01/2035	0.000 / 0.000	102.650 / 106.620	3.970	7.040 / 7.605	5	260,000
68428PBC8	ORANGE CNTY CALIF SANTN DIST REF-SER A	4.125	02/01/2021	102.000 / 102.000	100.039 / 104.000	3.961	3.437 / 4.118	8	245,000
882667AD0	TEXAS PRIVATE ACTIVITY BD SR LIEN-LBJ INFRASTRUCTURE	7.000	06/30/2040	100.500 / 100.500	102.000 / 105.841	3.841	6.205 / 6.721	12	450,000
646080JP7	NEW JERSEY ST HIGHER ED SER A	5.625	06/01/2030	107.782 / 107.782	106.599 / 110.427	3.828	4.205 / 4.707	3	60,000
649903ZR5	NEW YORK ST DORM AUTH REVS NON MEM SLOAN KETTERING-SUBSER A1	5.000	07/01/2036	102.243 / 102.243	103.314 / 107.136	3.822	3.947 / 4.500	3	175,000
810694A82	SCRANTON-LACKAWANNA PA HEALTH REF-HOSP-CMNTY MED CTR PROJ	5.125	07/01/2019	96.764 / 96.764	96.200 / 100.000	3.800	5.014 / 5.671	7	370,000
59333PEE4	MIAMI-DADE CNTY FLA AVIATION SER A	5.000	10/01/2033	96.500 / 96.500	96.785 / 100.477	3.692	4.767 / 5.240	17	425,000
45385LAP8	INDEPENDENT CITIES CALIF FIN SUB-LAMPLIGHTER SALINAS-SER B	6.625	07/15/2050	0.000 / 0.000	96.350 / 100.000	3.650	6.625 / 6.895	2	75,000
4212902E6	HAYWARD CALIF UNI SCH DIST TAXABLE-ELECTION 2008-SER B	7.350	08/01/2043	0.000 / 0.000	99.850 / 103.500	3.650	6.861 / 7.362	73	1,625,000
79575EAR9	SALT VERDE FINL CORP GAS REV SR	5.000	12/01/2032	0.000 / 0.000	88.786 / 92.382	3.596	5.601 / 5.909	5	815,000
650367HB4	NEWARK N J REF-GEN IMPT-SER A	4.000	10/01/2018	0.000 / 0.000	102.532 / 106.107	3.575	3.150 / 3.640	14	2,090,000
542690E24	LONG ISLAND PWR AUTH N Y ELEC GEN-SER F	4.250	05/01/2033	96.476 / 96.476	95.952 / 99.500	3.548	4.284 / 4.536	16	335,000
452152ER8	ILLINOIS ST TAXABLE	6.900	03/01/2035	0.000 / 0.000	97.400 / 100.946	3.546	6.819 / 7.124	110	2,310,000
74529JLM5	PUERTO RICO SALES TAX FING FIRST SUB-SER C	5.250	08/01/2041	98.000 / 98.000	98.045 / 101.575	3.530	5.048 / 5.380	239	1MM+
704862YV7	PEARLAND TEX CTFS OBLIG	3.250	03/01/2030	0.000 / 0.000	83.996 / 87.501	3.505	4.190 / 4.484	6	75,000
745220JQ7	PUERTO RICO COMWLTH	5.000	07/01/2046	95.750 / 95.750	96.500 / 100.005	3.505	4.999 / 5.216	10	890,000
544644QD2	LOS ANGELES CALIF UNI SCH DIST SER A	5.000	07/01/2021	106.220 / 106.220	105.250 / 108.750	3.500	1.950 / 3.133	5	1MM+
959623AK5	WESTERN ST COLLEGE COLO INSTL TAXABLE-B-BUILD AMER BDS	7.000	05/15/2045	0.000 / 0.000	103.250 / 106.735	3.485	6.508 / 6.755	4	100,000
414005HE1	HARRIS CNTY TEX REF-PERM IMPT-SER B	5.000	10/01/2021	0.000 / 0.000	116.334 / 119.819	3.485	2.760 / 3.120	3	120,000
952347WQ1	WEST CONTRA COSTA CALIF UNI TAXABLE-ELECTION 2005-SER D-1	6.555	08/01/2024	103.500 / 103.500	103.188 / 106.590	3.402	5.860 / 6.211	8	445,000
072024NT5	BAY AREA TOLL AUTH CALIF TOLL TAXABLE-SAN FRAN BAY AREA	6.793	04/01/2030	0.000 / 0.000	100.381 / 103.783	3.402	6.450 / 6.756	59	1MM+
13063BFR8	CALIFORNIA ST TAXABLE-VAR PURP	7.625	03/01/2040	0.000 / 0.000	107.512 / 110.909	3.397	6.767 / 7.018	6	1MM+
649519AD7	NEW YORK LIBERTY DEV CORP REF-2ND PRIORITY-BK AMER	5.125	01/15/2044	0.000 / 0.000	98.875 / 102.225	3.350	4.830 / 5.196	37	1MM+
13063AVC5	CALIFORNIA ST VAR PURP	5.000	12/01/2037	0.000 / 0.000	95.532 / 98.877	3.345	5.076 / 5.311	42	1,740,000
435236JC9	HOLLAND MICH SCH DIST TAXABLE-SCH BLDG & SITE-SER B	6.790	05/01/2035	101.963 / 101.963	102.173 / 105.500	3.327	6.036 / 6.485	147	1MM+
248775F94	DENTON CNTY TEX TAXABLE-PERM IMPT-SER B-BUILD	5.838	07/15/2030	103.350 / 103.350	101.750 / 105.074	3.324	5.156 / 5.598	10	495,000
421290X36	HAYWARD CALIF UNI SCH DIST ELECTION 2008	5.000	08/01/2033	96.427 / 96.427	96.677 / 99.997	3.320	5.000 / 5.250	21	1MM+
072024NW8	BAY AREA TOLL AUTH CALIF TOLL TAXABLE-SAN FRAN BAY AREA-	6.793	04/01/2030	0.000 / 0.000	104.354 / 107.633	3.279	6.120 / 6.400	6	185,000
61074PLY1	MONROE CNTY N Y PUB IMPT	4.000	06/01/2024	0.000 / 0.000	98.996 / 102.246	3.250	3.726 / 4.095	18	1,185,000
677659T95	OHIO ST WTR DEV AUTH REV TAXABLE-CMNTY ASSISTANCE-B	6.150	06/01/2038	0.000 / 0.000	101.000 / 104.248	3.248	5.584 / 6.013	84	415,000
574192L40	MARYLAND ST ST & LOC FACS LN-2ND SER	5.000	07/15/2019	116.483 / 116.483	115.107 / 118.354	3.247	2.460 / 2.874	6	135,000
1675923L6	CHICAGO ILL O HARE INTL ARPT GEN ARPT-THIRD LIEN-SER A	5.000	01/01/2038	99.820 / 99.820	99.578 / 102.820	3.242	4.550 / 5.028	6	100,000
13063A4Y7	CALIFORNIA ST VAR PURP	6.000	04/01/2038	0.000 / 0.000	105.762 / 109.000	3.238	4.727 / 5.169	4	195,000
79575EAS7	SALT VERDE FINL CORP GAS REV SR	5.000	12/01/2037	0.000 / 0.000	87.500 / 90.731	3.231	5.670 / 5.928	4	120,000
13062PKW1	CALIFORNIA ST	5.250	11/01/2029	0.000 / 0.000	100.000 / 103.226	3.226	4.191 / 5.247	2	95,000
38122NNZ1	GOLDEN ST TOB SECURITIZATION ASSET-BKD-SR-SER A-1	5.000	06/01/2033	75.600 / 75.600	75.947 / 79.170	3.223	6.808 / 7.150	3	1,050,000
57586EQJ3	MASSACHUSETTS ST HEALTH & EDL HARVARD UNIV-SER A	5.000	12/15/2029	0.000 / 0.000	111.100 / 114.323	3.223	3.225 / 3.600	3	1MM+
88880PAC8	TOBACCO SETTLEMENT FING CORP ASSET-BKD-SER B	5.875	05/15/2039	97.629 / 97.629	96.298 / 99.500	3.202	5.911 / 6.150	15	640,000
93978E7W6	WASHINGTON ST HEALTH CARE FACS PROVIDENCE HEALTH & SVCS-SER A	5.000	10/01/2039	98.312 / 98.312	98.402 / 101.593	3.191	4.792 / 5.105	14	575,000
644614F61	NEW HAMPSHIRE HEALTH & ED FACS PINKERTON ACADEMY-C	4.625	06/01/2030	100.590 / 100.590	99.502 / 102.690	3.188	4.288 / 4.663	3	75,000
455057ER6	INDIANA ST FIN AUTH REV ST REVOLVING FD PROG-SER A	5.250	02/01/2019	119.782 / 119.782	117.102 / 120.282	3.180	2.590 / 2.970	4	70,000
013493CG4	ALBUQUERQUE BERNALILLO CNTY SER A	5.000	07/01/2033	0.000 / 0.000	106.412 / 109.557	3.145	3.609 / 4.050	17	1MM+
87638QEF2	TARRANT CNTY TEX CULTURAL ED SCOTT & WHITE HEALTHCARE	5.250	08/15/2040	98.060 / 98.060	98.360 / 101.473	3.113	5.061 / 5.360	33	2,850,000
59259YBX6	METROPOLITAN TRANSN AUTH N Y TRANSN-SER A-AGC-ICC	4.500	11/15/2038	98.500 / 98.500	98.850 / 101.948	3.098	4.188 / 4.572	28	1,815,000
167562GC5	CHICAGO ILL MIDWAY ARPT REV AMT-SER A	5.100	01/01/2031	96.080 / 96.080	96.300 / 99.370	3.070	5.150 / 5.401	5	210,000
790450EQ9	ST JOHNS MICH PUB SCHS TAXABLE-SER A-QUALIFIED SCH	6.500	05/01/2027	100.650 / 100.650	100.750 / 103.803	3.053	5.978 / 6.394	15	385,000
13062TH64	CALIFORNIA ST REF	4.500	08/01/2030	0.000 / 0.000	89.708 / 92.755	3.047	5.080 / 5.342	13	435,000
74526QXM9	PUERTO RICO ELEC PWR AUTH PWR SER ZZ	5.250	07/01/2022	0.000 / 0.000	106.963 / 110.008	3.045	4.021 / 4.380	2	1MM+
34160WTA2	FLORIDA ST DEPT ENVIRONMENTAL FLORIDA FOREVER-SER B	5.000	07/01/2028	0.000 / 0.000	103.660 / 106.694	3.034	4.100 / 4.498	2	45,000
544435L99	LOS ANGELES CALIF DEPT ARPTS SR-LOS ANGELES INTL ARPT-A	5.000	05/15/2035	0.000 / 0.000	101.031 / 104.049	3.018	4.486 / 4.866	4	220,000
015302J60	ALEXANDRIA VA CAP IMPT	5.000	07/01/2030	0.000 / 0.000	98.508 / 101.524	3.016	4.805 / 5.120	27	1MM+
181059MU7	CLARK CNTY NEV SCH DIST LTD TAX-BLDG-SER C	5.000	06/15/2026	0.000 / 0.000	103.250 / 106.265	3.015	4.015 / 4.480	7	220,000
13062TH49	CALIFORNIA ST REF	4.500	08/01/2028	91.865 / 91.865	92.150 / 95.160	3.010	4.907 / 5.174	25	1,795,000
59465EPT4	MICHIGAN ST HOSP FIN AUTH REV REF-HOSP-DETROIT MEDICAL GRP-A	5.250	08/15/2027	89.732 / 89.732	90.557 / 93.566	3.009	5.850 / 6.150	5	120,000
45200F3G2	ILLINOIS FIN AUTH REV PARK PLACE ELMHURST-SER B	7.750	05/15/2020	0.000 / 0.000	100.000 / 103.000	3.000	6.656 / 7.746	7	80,000
13063BER9	CALIFORNIA ST VAR PURP	6.000	03/01/2033	0.000 / 0.000	107.962 / 110.962	3.000	4.579 / 4.950	4	650,000
037877CK1	APPLE VALLEY CALIF REDEV AGY PROJ AREA NO 2	5.000	06/01/2025	98.110 / 98.110	97.250 / 100.250	3.000	4.956 / 5.268	3	75,000
659868QM8	NORTH HILLS PA SCH DIST TAXABLE-SER B-BUILD AMER BDS	6.029	10/15/2028	0.000 / 0.000	105.000 / 108.000	3.000	5.020 / 5.387	2	1MM+
19645RLR0	COLORADO EDL & CULTURAL FACS CHARTER SCH-FREE HORIZON SCH	5.000	06/15/2029	0.000 / 0.000	97.002 / 100.000	2.998	4.999 / 5.252	3	255,000
235308GH0	DALLAS TEX INDPT SCH DIST SCH BLDG	4.500	02/15/2030	0.000 / 0.000	100.660 / 103.650	2.990	3.410 / 4.299	5	45,000
072231EW9	BAY CNTY FLA SCH BRD CTFS REF-SER A	4.000	07/01/2020	0.000 / 0.000	98.945 / 101.915	2.970	3.767 / 4.130	9	665,000
70914PNE8	PENNSYLVANIA ST TAXABLE-SECOND SER B-	5.350	05/01/2030	99.133 / 99.133	99.420 / 102.366	2.946	5.040 / 5.397	9	2,480,000
438701PT5	HONOLULU HAWAII CITY & CNTY TAXABLE-FIRST BD-SR SER B-	6.339	07/01/2035	100.600 / 100.600	101.055 / 103.975	2.920	5.765 / 6.184	15	385,000
16557HDC6	CHESTER CNTY PA HEALTH & ED JEFFERSON HEALTH SYS-SER A	5.000	05/15/2030	0.000 / 0.000	100.000 / 102.895	2.895	4.356 / 4.998	20	425,000
65820HD67	NORTH CAROLINA MED CARE COMMN REF-N C BAPTIST HOSP	5.000	06/01/2034	0.000 / 0.000	102.073 / 104.949	2.876	4.377 / 4.734	35	725,000
190684NK2	COATESVILLE PA AREA SCH DIST	4.250	08/15/2028	0.000 / 0.000	98.625 / 101.500	2.875	4.067 / 4.361	57	1,785,000
16557HDE2	CHESTER CNTY PA HEALTH & ED JEFFERSON HEALTH SYS-SER A	5.000	05/15/2040	99.441 / 99.441	99.125 / 102.000	2.875	4.741 / 5.057	22	1MM+
13063A7D0	CALIFORNIA ST TAXABLE-VAR PURP-BUILD AMER	7.300	10/01/2039	103.439 / 103.439	103.883 / 106.750	2.867	6.766 / 6.985	6	1MM+
13063BFV9	CALIFORNIA ST TAXABLE-VAR PURP	7.950	03/01/2036	104.000 / 104.000	104.860 / 107.725	2.865	6.840 / 7.239	12	1MM+
38122NHG0	GOLDEN ST TOB SECURITIZATION ENHANCED-ASSET BKD-A-AGC-ICC	5.000	06/01/2045	0.000 / 0.000	96.330 / 99.194	2.864	5.049 / 5.230	7	330,000
407287JA0	HAMILTON CNTY OHIO SALES TAX REF-SUB-SER A-FSA-CR-AMBAC	5.000	12/01/2032	0.000 / 0.000	103.899 / 106.741	2.842	3.800 / 4.294	11	265,000
74529JHP3	PUERTO RICO SALES TAX FING FIRST SUB-SER A	6.500	08/01/2044	110.608 / 110.608	110.808 / 113.641	2.833	4.637 / 5.000	10	1MM+

100 Worst Bid-Side Spreads for 07/08/2010

CUSIP	Description	Coupon	Maturity	Customer Sell To Dealer Bid Side Price Low/High	Bid Side Spreads	Customer Purchase From Dealer Offer Side Price Low/High	Yield % on Offer Side Price Low % / High %	# of Trades	Volume
57583FZR5	MASSACHUSETTS ST DEV FIN AGY M/SRBC PROJ-SER A	5.125	08/01/2028	93.000 / 100.100	7.100	0.000 / 0.000	0.000 / 0.000	2	15,000
888808BP6	TOBACCO SETTLEMENT FING CORP N	6.250	06/01/2043	106.616 / 113.309	6.693	0.000 / 0.000	0.000 / 0.000	2	20,000
176553BY0	CITIZENS PPTY INS CORP FLA REF-SR SECD-HIGH RISK ACCT-A	5.000	03/01/2015	100.000 / 104.553	4.553	0.000 / 0.000	0.000 / 0.000	2	520,000
342815PA9	FLORIDA ST MUN LN COUNCIL REV SER A-1	4.000	07/01/2013	98.511 / 102.554	4.043	0.000 / 0.000	0.000 / 0.000	2	35,000
64580AAN1	NEW JERSEY HEALTH CARE FACS HOSP ASSET TRANSFORMATION PG-A	5.250	10/01/2038	97.791 / 101.558	3.767	0.000 / 0.000	0.000 / 0.000	2	90,000
13062N3K1	CALIFORNIA ST	4.750	10/01/2025	95.387 / 99.035	3.648	0.000 / 0.000	0.000 / 0.000	3	95,000
65820QEN9	NORTH CAROLINA INFRASTRUCTURE CAP IMPTS-SER A	5.000	05/01/2024	105.784 / 109.380	3.596	0.000 / 0.000	0.000 / 0.000	2	400,000
55644RAM8	MADERA CALIF PUB FING AUTH WTR	4.250	03/01/2018	99.900 / 103.240	3.340	0.000 / 0.000	0.000 / 0.000	2	100,000
64966A5A9	NEW YORK N Y REVERT PRAMS-5.5% 12/1/31-101	0.000	12/01/2031	94.319 / 97.586	3.267	0.000 / 0.000	0.000 / 0.000	3	80,000
606037BQ1	MISSOURI DEV FIN BRD CULTURAL NELSON GALLERY FNDTN-SER A	5.000	12/01/2018	109.939 / 113.081	3.142	0.000 / 0.000	0.000 / 0.000	2	40,000
544644RK5	LOS ANGELES CALIF UNI SCH DIST ELEC OF 1997-SER F	5.000	01/01/2028	109.705 / 112.298	2.593	0.000 / 0.000	0.000 / 0.000	2	320,000
74526QPK2	PUERTO RICO ELEC PWR AUTH PWR REF-SER V V	5.250	07/01/2026	102.100 / 104.500	2.400	0.000 / 0.000	0.000 / 0.000	5	310,000
944514CD8	WAYNE CNTY MICH ARPT AUTH REV DETROIT MET WAYNE CNTY ARPT	5.000	12/01/2034	84.768 / 87.000	2.232	0.000 / 0.000	0.000 / 0.000	4	110,000
645916XC6	NEW JERSEY ECONOMIC DEV AUTH SCH FACS CONSTR-SER G	4.250	09/01/2022	97.000 / 99.197	2.197	0.000 / 0.000	0.000 / 0.000	2	30,000
7451455B4	PUERTO RICO COMWLTH PUB IMPT-SER A	5.000	07/01/2027	97.047 / 99.000	1.953	0.000 / 0.000	0.000 / 0.000	2	60,000
13062RK49	CALIFORNIA ST VAR PURP	5.000	03/01/2032	94.164 / 96.075	1.911	0.000 / 0.000	0.000 / 0.000	3	85,000
246001XV8	DELAWARE CNTY PA	3.000	07/15/2016	103.223 / 105.127	1.904	0.000 / 0.000	0.000 / 0.000	2	70,000
524808BL5	LEHIGH CNTY PA INDL DEV AUTH REF-PPL ELEC UTILS CORP PROJ-A	4.700	09/01/2029	93.625 / 95.500	1.875	0.000 / 0.000	0.000 / 0.000	2	70,000
452024CR1	ILLINOIS MUN ELEC AGY PWR	4.500	02/01/2035	93.175 / 95.000	1.825	0.000 / 0.000	0.000 / 0.000	2	40,000
13077CRD8	CALIFORNIA ST UNIV REV SYSTEMWIDE-SER A	5.000	11/01/2030	98.651 / 100.387	1.736	0.000 / 0.000	0.000 / 0.000	2	150,000
492251DK6	KERN CNTY CALIF BRD ED CTFS REF-SER A	4.750	06/01/2036	90.000 / 91.520	1.520	0.000 / 0.000	0.000 / 0.000	2	85,000
64966HGW4	NEW YORK N Y SUBSER H-1	5.000	03/01/2023	108.373 / 109.850	1.477	0.000 / 0.000	0.000 / 0.000	2	300,000
38122NBY7	GOLDEN ST TOB SECURITIZATION ENHANCED-ASSET BKD-SER B	5.500	06/01/2043	110.777 / 112.196	1.419	0.000 / 0.000	0.000 / 0.000	2	210,000
66704PAQ7	NORTHSTAR CMNTY SVCS DIST CMNTY FACS DIST NO 1	5.550	09/01/2036	77.467 / 78.760	1.293	0.000 / 0.000	0.000 / 0.000	2	45,000
73358TEE7	PORT AUTH N Y & N J CONS-ONE HUNDRED THIRTY FIFTH	4.500	09/15/2034	98.500 / 99.739	1.239	0.000 / 0.000	0.000 / 0.000	2	110,000
649837M73	NEW YORK ST DORM AUTH REVS FHA-HOSP-N Y & PRESBYTERIAN	4.750	08/01/2027	97.141 / 98.350	1.209	0.000 / 0.000	0.000 / 0.000	3	55,000
431022EU2	HIGHLANDS CNTY FLA HEALTH FACS HOSP-ADVENTIST HEALTH SYS-D	5.375	11/15/2035	110.793 / 112.000	1.207	0.000 / 0.000	0.000 / 0.000	3	60,000
38122NBZ4	GOLDEN ST TOB SECURITIZATION ENHANCED-ASSET BKD-FSA-B	5.000	06/01/2043	109.092 / 110.286	1.194	0.000 / 0.000	0.000 / 0.000	2	40,000
67760HDC2	OHIO ST TPK COMMN TPK REV SER B	4.750	02/15/2028	97.101 / 98.265	1.164	0.000 / 0.000	0.000 / 0.000	2	15,000
569027DN2	MARION CNTY IND CONVENTION & LEASE RENTAL-SR-SER A	5.000	06/01/2027	96.942 / 98.095	1.153	0.000 / 0.000	0.000 / 0.000	2	75,000
57604PZT4	MASSACHUSETTS ST WTR POLLUTN POOL PG-SER 12	4.350	08/01/2025	101.970 / 103.100	1.130	0.000 / 0.000	0.000 / 0.000	2	275,000
235241EU6	DALLAS TEX AREA RAPID TRAN REF-SR LIEN	4.500	12/01/2025	100.891 / 101.990	1.099	0.000 / 0.000	0.000 / 0.000	3	130,000
880443EE2	TENNESSEE ENERGY ACQUISITION SER C	5.000	02/01/2027	92.875 / 93.960	1.085	0.000 / 0.000	0.000 / 0.000	3	320,000
38122NAQ5	GOLDEN ST TOB SECURITIZATION ASSET-BKD-SER A-1	6.750	06/01/2039	114.335 / 115.403	1.068	0.000 / 0.000	0.000 / 0.000	3	120,000
544646ZR6	LOS ANGELES CALIF UNI SCH DIST TAXABLE-SER RY-BUILD AMER BDS	6.758	07/01/2034	107.044 / 108.106	1.062	0.000 / 0.000	0.000 / 0.000	2	635,000
167592UY8	CHICAGO ILL O HARE INTL ARPT AMT-2ND LIEN PASSENGER FAC-C	5.100	01/01/2026	95.481 / 96.525	1.044	0.000 / 0.000	0.000 / 0.000	2	55,000
409327CP6	HAMPTON ROADS SANTN DIST VA	4.800	04/01/2027	103.315 / 104.320	1.005	0.000 / 0.000	0.000 / 0.000	2	80,000
167685NZ5	CHICAGO ILL SINGLE FAMILY MTG COLL-SER 2E	5.875	06/01/2039	100.300 / 101.300	1.000	0.000 / 0.000	0.000 / 0.000	2	30,000
359900JR9	FULTON CNTY GA DEV AUTH REV GA TECH ATHLETIC ASSN	5.125	10/01/2032	96.030 / 97.000	0.970	0.000 / 0.000	0.000 / 0.000	2	25,000
592247J35	METROPOLITAN PIER & EXPOSITION CAP APPREC-MCCORMICK PL-A	0.000	12/15/2029	31.557 / 32.508	0.951	0.000 / 0.000	0.000 / 0.000	2	1MM+
649903MA6	NEW YORK ST DORM AUTH REVS NON UNREFUNDED-N SHORE UNIV HOSP	5.250	11/01/2019	98.650 / 99.550	0.900	0.000 / 0.000	0.000 / 0.000	2	90,000
735422ME4	PORT TACOMA WASH AMT-LTD TAX-SER B	4.875	12/01/2038	95.460 / 96.357	0.897	0.000 / 0.000	0.000 / 0.000	2	175,000
64971MFS6	NEW YORK N Y CITY TRANSITIONAL SUB-FUTURE TAX SECD-SER B	5.000	11/01/2021	109.662 / 110.423	0.761	0.000 / 0.000	0.000 / 0.000	2	565,000
79730AHD3	SAN DIEGO CALIF PUB FACS FING REF-SR-SER B	4.000	05/15/2019	105.646 / 106.366	0.720	0.000 / 0.000	0.000 / 0.000	2	500,000
524808BM3	LEHIGH CNTY PA INDL DEV AUTH REF-PPL ELEC UTILS CORP PROJ	4.750	02/15/2027	98.200 / 98.875	0.675	0.000 / 0.000	0.000 / 0.000	4	85,000
1675013A1	CHICAGO ILL BRD ED REF-DEDICATED REVS-SER B	5.000	12/01/2021	103.550 / 104.209	0.659	0.000 / 0.000	0.000 / 0.000	2	125,000
65003PAU8	NEW YORK ST URBAN DEV CORP SER C	4.000	01/01/2020	100.998 / 101.625	0.627	0.000 / 0.000	0.000 / 0.000	2	110,000
245902AD3	DELAWARE CNTY PA AUTH HEALTH MERCY HLTH CORP SOUTHEASTN-A	5.375	11/15/2023	102.375 / 103.000	0.625	0.000 / 0.000	0.000 / 0.000	3	15,000
386280NN7	GRAND RAPIDS MICH PUB SCHS REF	4.250	05/01/2029	95.971 / 96.589	0.618	0.000 / 0.000	0.000 / 0.000	2	80,000
660160EZ1	NORTH JERSEY DIST WTR SUPPLY WANAQUE SOUTH PROJ	6.500	07/01/2021	119.650 / 120.200	0.550	0.000 / 0.000	0.000 / 0.000	3	15,000
57419PNZ8	MARYLAND ST CMNTY DEV ADMIN LOC GOVT INFRASTRUCTURE-SER B	4.125	06/01/2025	92.389 / 92.889	0.500	0.000 / 0.000	0.000 / 0.000	3	40,000
883853AP8	THIEF RIVER FALLS MINN HEALTH NORTHWEST MED CTR PJ	6.800	11/01/2019	99.235 / 99.735	0.500	0.000 / 0.000	0.000 / 0.000	2	15,000
541482JH9	LOMA LINDA CALIF HOSP REV LOMA LINDA UN9IV MED CTR-A	5.000	12/01/2019	97.125 / 97.625	0.500	0.000 / 0.000	0.000 / 0.000	3	350,000
64579FZE6	NEW JERSEY HEALTH CARE FACS CHILTON MEM HOSP	5.750	07/01/2039	96.675 / 97.175	0.500	0.000 / 0.000	0.000 / 0.000	3	110,000
26951PEE4	EAGLE GARFIELD & ROUTT CNTYS	5.000	12/01/2024	107.920 / 108.385	0.465	0.000 / 0.000	0.000 / 0.000	2	100,000
295852DS3	ERNEST N MORIAL-NEW ORLEANS LA SR SUB-SER A	5.000	07/15/2033	110.910 / 111.339	0.429	0.000 / 0.000	0.000 / 0.000	2	265,000
89602NGZ1	TRIBOROUGH BRDG & TUNL AUTH N PREREFUNDED-GEN PURP-SER A	5.000	01/01/2032	105.091 / 105.515	0.424	0.000 / 0.000	0.000 / 0.000	2	195,000
74529JAC9	PUERTO RICO SALES TAX FING SER B	6.050	08/01/2036	101.875 / 102.289	0.414	0.000 / 0.000	0.000 / 0.000	2	1MM+
048503AU0	ATLANTIC CNTY N J IMPT AUTH CONVENTION CTR-& ACRL 6/1/90	7.400	07/01/2016	115.609 / 116.020	0.411	0.000 / 0.000	0.000 / 0.000	2	20,000
650014QE6	NEW YORK ST TWY AUTH SECOND SER A-1	4.500	04/01/2019	110.272 / 110.674	0.402	0.000 / 0.000	0.000 / 0.000	10	735,000
01728AND4	ALLEGHENY CNTY PA HOSP DEV CHILDRENS HOSP PITTSBURGH	5.300	07/01/2026	104.616 / 105.000	0.384	0.000 / 0.000	0.000 / 0.000	2	25,000
097552JQ7	BOLINGBROOK ILL CAP APPREC-REF-SER C	0.000	01/01/2026	44.463 / 44.813	0.350	0.000 / 0.000	0.000 / 0.000	2	160,000
79771PP33	SAN FRANCISCO CALIF CITY & TAXABLE-SAN FRANCISCO REDEV-A	8.000	08/01/2019	108.387 / 108.719	0.332	0.000 / 0.000	0.000 / 0.000	2	110,000
006449CF7	ADAMS 12 FIVE STAR SCHS COLO CAP APPREC-SER B	0.000	12/15/2025	46.538 / 46.864	0.326	0.000 / 0.000	0.000 / 0.000	2	45,000
544386BK0	LOS ANGELES CALIF CMNTY FACS NO 4-PLAYA VISTA-PHASE I	4.625	09/01/2028	84.712 / 85.017	0.305	0.000 / 0.000	0.000 / 0.000	2	130,000
090929FW5	BIRMINGHAM ALA SPL CARE FACS CHILDRENS HOSP	5.250	06/01/2024	102.340 / 102.640	0.300	0.000 / 0.000	0.000 / 0.000	3	15,000
839636BS5	SOUTH REGL JT DEV AUTH GA REV VSU AUXILIARY SVCS-STUDENT-A	5.000	08/01/2036	100.215 / 100.500	0.285	0.000 / 0.000	0.000 / 0.000	2	140,000
167560MW8	CHICAGO ILL MET WTR REF-SER C	5.250	12/01/2032	113.870 / 114.150	0.280	0.000 / 0.000	0.000 / 0.000	4	1,000,000
54241AAY9	LONG BEACH CALIF BD FIN AUTH SER A	5.000	11/15/2035	88.095 / 88.375	0.280	0.000 / 0.000	0.000 / 0.000	2	80,000
13077CJD7	CALIFORNIA ST UNIV REV SYSTEMWIDE-SER C	4.500	11/01/2036	91.300 / 91.575	0.275	0.000 / 0.000	0.000 / 0.000	2	25,000
13033FQ45	CALIFORNIA HEALTH FACS FING SUTTER HEALTH-SER A	5.250	11/15/2046	96.300 / 96.530	0.230	0.000 / 0.000	0.000 / 0.000	2	105,000
145810CB1	CARSON CITY NEV HOSP REV PREREFUNDED-CARSON TAHOE HOSP	5.750	09/01/2031	109.500 / 109.728	0.228	0.000 / 0.000	0.000 / 0.000	2	65,000
13062NM87	CALIFORNIA ST	5.000	04/01/2024	98.688 / 98.875	0.187	0.000 / 0.000	0.000 / 0.000	2	40,000
46613QAJ3	JEA FLA ST JOHNS RIV PWR PK REF-ISSUE 2-17TH SER	5.250	10/01/2010	100.690 / 100.875	0.185	0.000 / 0.000	0.000 / 0.000	2	135,000
64966HPT1	NEW YORK N Y SER C	5.000	08/01/2019	114.222 / 114.391	0.169	0.000 / 0.000	0.000 / 0.000	5	505,000
882722KF7	TEXAS ST TAXABLE-BUILD AMER BD-A	5.517	04/01/2039	105.968 / 106.122	0.154	0.000 / 0.000	0.000 / 0.000	2	1MM+
213185EC1	COOK CNTY ILL PREREFUNDED-CAP IMPT-SER A	5.000	11/15/2028	100.875 / 101.009	0.134	0.000 / 0.000	0.000 / 0.000	2	10,000
745190J58	PUERTO RICO COMWLTH HWY & UNREFUNDED BAL-SER D	5.000	07/01/2032	97.000 / 97.127	0.127	0.000 / 0.000	0.000 / 0.000	2	15,000
696471GH8	PALM BAY FLA UTIL REV REF-SYS-SER B	4.125	10/01/2023	97.291 / 97.416	0.125	0.000 / 0.000	0.000 / 0.000	3	55,000
38122NBW1	GOLDEN ST TOB SECURITIZATION ENHANCED-ASSET BKD-SER B	5.625	06/01/2038	112.441 / 112.550	0.109	0.000 / 0.000	0.000 / 0.000	2	380,000
67755CYA1	OHIO ST BLDG AUTH REF-ST FACS-ADMIN BLDG FD PJ-B	5.000	10/01/2019	114.000 / 114.108	0.108	0.000 / 0.000	0.000 / 0.000	2	20,000
076099AV2	BEDFORD CNTY VA INDL DEV AUTH REF-NEKOOSA PACKAGING PJ	6.300	12/01/2025	96.564 / 96.664	0.100	0.000 / 0.000	0.000 / 0.000	2	30,000
165393GB9	CHESHIRE CNTY N H	4.250	10/01/2024	103.736 / 103.836	0.100	0.000 / 0.000	0.000 / 0.000	2	200,000
742149CU9	PRINCETON KY ELEC PLT BRD REV TAXABLE-SER B-BUILD AMER BDS-	7.000	11/01/2042	103.955 / 103.995	0.040	0.000 / 0.000	0.000 / 0.000	3	125,000
745177CG8	PUERTO RICO COMWLTH GOVT DEV SR NTS-SER B	5.000	12/01/2015	107.552 / 107.587	0.035	0.000 / 0.000	0.000 / 0.000	5	1,425,000
57585JX71	MASSACHUSETTS ST HEALTH & EDL BOSTON MED CTR-SER A	5.000	07/01/2029	91.274 / 91.300	0.026	0.000 / 0.000	0.000 / 0.000	2	55,000
733581E32	PORT AUTH N Y & N J ONE HUNDRED TWENTY THIRD SER	5.000	01/15/2036	98.026 / 98.050	0.024	0.000 / 0.000	0.000 / 0.000	2	40,000
645913BB9	NEW JERSEY ECONOMIC DEV AUTH SER B	0.000	02/15/2023	48.199 / 48.205	0.006	0.000 / 0.000	0.000 / 0.000	4	260,000
59333FHX1	MIAMI-DADE CNTY FLA BLDG BETTER CMNTYS PG-SER B-1	5.625	07/01/2038	104.693 / 104.695	0.002	0.000 / 0.000	0.000 / 0.000	2	20,000
660142HB9	NORTH IOWA AREA CMNTY COLLEGE TAXABLE-INDL NEW JOBS-II-1	5.350	06/01/2011	103.078 / 103.078	0.000	103.433 / 103.433	1.423 / 1.423	2	40,000
660160AW2	NORTH JERSEY DIST WTR SUPPLY	6.700	11/01/2017	114.600 / 114.600	0.000	118.250 / 118.250	3.811 / 3.811	2	20,000
65956NCH7	NORTH HARRIS CNTY REGL WTR SR LIEN	5.500	12/15/2021	114.020 / 114.020	0.000	114.170 / 114.170	3.539 / 3.539	4	320,000
65956TBP7	NORTH HARRIS MONTGOMERY CMNTY REF-FING SYS IMPT	5.750	02/15/2018	98.600 / 98.600	0.000	100.340 / 100.340	0.831 / 0.831	3	100,000
659666ET4	NORTH HEMPSTEAD N Y PUB IMPT	4.500	02/01/2024	102.600 / 102.600	0.000	0.000 / 0.000	0.000 / 0.000	1	15,000
66042RCK5	NORTH LAWRENCE IND CMNTY SCHS FIRST MTG	4.500	07/15/2026	99.602 / 99.602	0.000	0.000 / 0.000	0.000 / 0.000	1	25,000
661334CW0	NORTH ORANGE CNTY CALIF CMNTY REF	5.000	08/01/2014	112.969 / 112.969	0.000	113.629 / 113.629	1.517 / 1.517	2	50,000
662523US6	NORTH SLOPE BORO ALASKA SER A	0.000	06/30/2012	97.811 / 97.811	0.000	98.251 / 98.251	0.900 / 0.900	4	1MM+
660393K57	NORTH LAS VEGAS NEV WASTEWATER RECLAMATION SYS	4.500	10/01/2036	90.498 / 90.498	0.000	92.650 / 93.198	4.966 / 5.006	4	50,000
723509EW1	PINOLE CALIF REDEV AGY TAX VISTA REDEV PROJ-3RD-SUB-SER A	4.500	08/01/2023	87.500 / 87.500	0.000	0.000 / 0.000	0.000 / 0.000	1	5,000
660225AG8	NORTH JUDSON-SAN PIERRE IND FIRST MTG	3.750	01/15/2012	103.400 / 103.400	0.000	103.793 / 103.793	1.200 / 1.200	2	140,000