Here is the list of yesterday's worst Municipal Bond spreads.

Note: Because of pressure from MunicipalBonds.com and increasing coverage about pricing problems in the Muni Markets, on June 23, 2003 the Muni industry finally started releasing full next-day trade reports. This includes a Municipal Bond that traded only once...or "1 trade" markets.

Because MunicipalBonds.com currently studies only same-day spread problems, the additional reporting of "1 trade" markets is not applicable to Worst Spread reports...there needs to be at least two trades to create and judge a spread.

All Information for Trade Date: 06/18/2008.

Worst Ten Spreads Between Lowest BID and Highest OFFER

CUSIP	Municipal Bond Name / Description	Coupon	Maturity	Bid Side Customer Sold to Dealer (Lowest / Highest)	Offer Side Customer Purchase from Dealer (Lowest / Highest)	Spread	# of Trades	Volume (000)
25457V-AA-4	DIRECTOR ST NEV DEPT BUSINESS & INDUSTRY LAS VEGAS MONORAIL PJ-1ST TIER	5.625	01/01/2032	74.120 / 74.245	74.120 / 86.928	12.808	14	1790+4
914743-WV-7	UNIVERSITY NORTHN IOWA UNIV REVS CAP APPREC-ACADEMIC BLDG-U.N.I	0.000	07/01/2013	73.877 / 73.877	82.378 / 82.378	8.501	2	2
888808-DF-6	TOBACCO SETTLEMENT FING CORP N J SR-SER 1A	5.000	06/01/2041	74.450 / 74.450	77.997 / 82.851	8.401	10	215
13066K-UV-9	CALIFORNIA ST DEPT WTR RES CENT VY PROJ REV UNREFUNDED BAL-WTR SYS-SER X	5.000	12/01/2021	98.000 / 98.000	100.000 / 106.233	8.233	5	210
235036-EM-8	DALLAS FORT WORTH TEX INTL ARPT REV REF & IMPT-JT-SER A	5.000	11/01/2035	88.826 / 92.530	96.778 / 96.778	7.952	11	290
21226P-GT-9	CONTRA COSTA CNTY CALIF PUB FING AUTH LEASE REV REF & VAR CAP PROJS-SER A	5.000	06/01/2021	100.500 / 100.500	102.166 / 108.326	7.826	5	85
745220-FN-8	PUERTO RICO COMWLTH INFRASTRUCTURE FING AUTH SPL REF-SER C	5.500	07/01/2023	104.400 / 110.026	104.500 / 111.601	7.201	8	610
59259R-U9-3	METROPOLITAN TRANSN AUTH N Y REV TRANSN-SER B-FSA-CR	4.500	11/15/2036	91.500 / 91.500	97.953 / 98.594	7.094	8	160
542402-ES-7	LONG BEACH CALIF BD FIN AUTH LEASE REV REF-AQUARIUM OF THE SOUTH PACI	5.000	11/01/2026	96.162 / 96.162	103.070 / 103.070	6.908	3	60
235036-DC-1	DALLAS FORT WORTH TEX INTL ARPT REV REF & IMPT-JT-SER A	5.500	11/01/2035	93.102 / 93.102	100.000 / 100.000	6.898	5	30

Worst Ten Spreads Between Lowest and Highest BID

CUSIP	Municipal Bond Name / Description	Coupon	Maturity	Bid Side Customer Sold to Dealer (Lowest / Highest)	Spread	Offer Side Customer Purchase from Dealer (Lowest / Highest)	# of Trades	Volume (000)
57419N-KN-3	MARYLAND ST CMNTY DEV ADMIN DEPT HSG & CMNTY DEV AMT-RESIDENTIAL-SER H	5.350	09/01/2032	84.640 / 97.534	12.894		3	20
544525-CZ-9	LOS ANGELES CALIF DEPT WTR & PWR WTRWKS REV SER A-FGIC TCRS	5.125	07/01/2041	91.578 / 100.006	8.428		3	25
047870-DK-3	ATLANTA GA WTR & WASTEWTR REV SER A-UNREFUNDED BALANCE	5.000	11/01/2038	88.010 / 94.019	6.009		8	100
745220-FN-8	PUERTO RICO COMWLTH INFRASTRUCTURE FING AUTH SPL REF-SER C	5.500	07/01/2023	104.400 / 110.026	5.626	104.500 / 111.601	8	610
745266-AS-5	PUERTO RICO CONVENTION CTR DIST AUTH HOTEL OCCUPANCY TAX SER A	5.000	07/01/2020	99.196 / 104.509	5.313	101.490 / 105.837	9	855
658546-RJ-7	NORTH CENT TEX HEALTH FAC DEV CORP REV HOSP-PRESBYTERIAN HLTHCARE-B	5.500	06/01/2021	106.950 / 112.000	5.050	113.000 / 113.000	8	725
88256C-AN-9	TEXAS MUN GAS ACQUISITION & SUPPLY CORP I GAS SUPPLY REV SR LIEN-SER A	5.250	12/15/2021	93.146 / 97.455	4.309	100.023 / 100.023	7	320
827666-AC-2	SILVER DOLLAR MET DIST COLO REF & IMPT	5.100	12/01/2030	85.859 / 90.000	4.141		4	110
733581-6B-3	PORT AUTH N Y & N J CONS-131ST SER	4.625	12/15/2029	87.166 / 91.172	4.006		6	150
720175-QU-5	PIEDMONT MUN PWR AGY S C ELEC REV REF-SER A	4.750	01/01/2025	94.375 / 98.300	3.925	100.000 / 100.000	7	175

Worst Ten Spreads Between Lowest and Highest OFFER

CUSIP	Municipal Bond Name / Description	Coupon	Maturity	Bid Side Customer Sold to Dealer (Lowest / Highest)	Offer Side Customer Purchase from Dealer (Lowest / Highest)	Spread	# of Trades	Volume (000)
574217-X5-9	MARYLAND ST HEALTH & HIGHER EDL FACS AUTH REV JOHNS HOPKINS HEALTH SYS-SER B	5.000	05/15/2042		99.994 / 126.124	26.130	18	5225+9
798063-DZ-3	SAN JOAQUIN CALIF DELTA CMNTY COLLEGE DIST CAP APPREC-ELECTION 2004-SER B		08/01/2031		5.870 / 26.306	20.436	4	275+2
574217-X6-7	MARYLAND ST HEALTH & HIGHER EDL FACS AUTH REV JOHNS HOPKINS HEALTH SYS-SER B	5.000	05/15/2046		99.994 / 118.756	18.762	32	5420+16
25457V-AA-4	DIRECTOR ST NEV DEPT BUSINESS & INDUSTRY LAS VEGAS MONORAIL PJ-1ST TIER	5.625	01/01/2032	74.120 / 74.245	74.120 / 86.928	12.808	14	1790+4
838536-DK-3	SOUTH JERSEY TRANSN AUTH N J TRANSN SYS REV SER A	4.500	11/01/2035		92.584 / 99.744	7.160	5	95
745220-FN-8	PUERTO RICO COMWLTH INFRASTRUCTURE FING AUTH SPL REF-SER C	5.500	07/01/2023	104.400 / 110.026	104.500 / 111.601	7.101	8	610
19648A-DE-2	COLORADO HEALTH FACS AUTH REV CATHOLIC HEALTH INITIATIVES-A	4.500	09/01/2038	98.000 / 98.000	89.300 / 95.986	6.686	5	525
207900-BQ-3	CONNECTICUT ST DEV AUTH WTR FAC REV AQUARION WTR CO OF CONN PJ	5.000	07/01/2038		86.920 / 93.553	6.633	10	165
13066K-UV-9	CALIFORNIA ST DEPT WTR RES CENT VY PROJ REV UNREFUNDED BAL-WTR SYS-SER X	5.000	12/01/2021	98.000 / 98.000	100.000 / 106.233	6.233	5	210
21226P-GT-9	CONTRA COSTA CNTY CALIF PUB FING AUTH LEASE REV REF & VAR CAP PROJS-SER A	5.000	06/01/2021	100.500 / 100.500	102.166 / 108.326	6.160	5	85

For the complete Red Flag list, please go here.

These reports represent inter-dealer and customer trades in municipal securities that have been reported by dealers to the Municipal Securities Rulemaking Board. The reports do not necessarily reflect all transactions that were effected on the specific trade date. Because of the possibility of errors in the trade submission process or errors or omissions in other processing of data, the reports should not be used as the sole basis for pricing or executing transactions in municipal securities. Prices for securities transactions vary with market conditions and can be affected by trade size and other factors.

Data provided by :