New Issue Component of Bond Trades
May 2004
Trade Type	Trades	% of Total	Par Value	% of Total
Other Bond Trades	523,613	80.1%	$81,212,660,710	65.6%
New Issue Trades	130,314	19.9%	$42,637,024,210	34.4%
Total	653,927	100.0%	$123,849,684,920	100.0%		$  123.85
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).