New Issue Component of Bond Trades
April 2004
Trade Type	Trades	% of Total	Par Value	% of Total
Other Bond Trades	445,562	77.5%	$69,507,899,600	62.6%
New Issue Trades	129,575	22.5%	$41,487,957,708	37.4%
Total	575,137	100.0%	$110,995,857,308	100.0%		$  111.00
New issue trades are trades where the difference between the trade date and the dated date is less than or equal to 4 weeks (28 days).