New Issue Component of Bond Trades
December 2004
Trade Type Trades % of Total Par Value % of Total
Other Bond Trades 387,576 77.7% $65,516,029,180 63.5%
New Issue Trades 111,496 22.3% $37,608,873,112 36.5%
Total 499,072 100.0% $103,124,902,292 100.0%  $  103.12
Text Box: 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).