New Issue Component of Bond Trades
March 2003
Trade Type Trades % of Total Par Value % of Total
Other Bond Trades 429,156 72.8% $66,117,827,826 61.6%
New Issue Trades 160,243 27.2% $41,248,961,347 38.4%
Total 589,399 100.0% $107,366,789,173 100.0%  $  107.37
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).