New Issue Component of Bond Trades
May 2003
Trade Type	Trades	% of Total	Par Value	% of Total
Other Bond Trades	409,809	69.6%	$64,015,847,311	55.1%
New Issue Trades	179,201	30.4%	$52,119,799,007	44.9%
Total	589,010	100.0%	$116,135,646,318	100.0%		$  116.14
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).