New Issue Component of Bond Trades
July 2004
Trade Type	Trades	% of Total	Par Value	% of Total
Other Bond Trades	416,089	78.4%	$70,115,623,877	70.6%
New Issue Trades	114,827	21.6%	$29,237,514,065	29.4%
Total	530,916	100.0%	$99,353,137,942	100.0%		$    99.35
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).