New Issue Component of Bond Trades
March 2004
Trade Type	Trades	% of Total	Par Value	% of Total
Other Bond Trades	428,275	75.4%	$68,203,058,141	58.3%
New Issue Trades	139,470	24.6%	$48,720,589,086	41.7%
Total	567,745	100.0%	$116,923,647,227	100.0%		$  116.92
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).