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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: 06/30/2008.
| CUSIP | Municipal Bond Name / Description | Coupon | Maturity | Bid Side Customer Sold to Dealer |
Offer Side Customer Purchase from Dealer |
Spread |
# of Trades |
Volume (000) |
| COURTLAND ALA INDL DEV BRD ENVIRONMENTAL IMPT REV REF-INTL PAPER CO PROJ-SER A | 5.000 | 11/01/2013 | | | 20.790 | 24 | 4695+2 | |
| SACRAMENTO CNTY CALIF SANTN DIST FING AUTH REV REF | 5.000 | 12/01/2027 | | | 9.728 | 11 | 145 | |
| TAMPA FLA REV HLTH SYS-CATHOLIC HLTH-A-1 | 4.875 | 11/15/2023 | | | 9.640 | 4 | 65 | |
| LIVERMORE-AMADOR VY WTR MGMT AGY CALIF SWR REV SER A | 5.000 | 08/01/2031 | | | 8.807 | 4 | 20 | |
| ORANGE CNTY FLA TOURIST DEV TAX REV REF | 4.500 | 10/01/2030 | | | 8.800 | 4 | 125 | |
| NORFOLK VA ARPT AUTH REV SER B | 5.125 | 07/01/2031 | | | 8.700 | 3 | 20 | |
| WEST CHESTER PA AREA SCH DIST | 4.625 | 05/15/2030 | | | 8.612 | 3 | 65 | |
| CALIFORNIA HEALTH FACS FING AUTH REV INSD-CEDARS-SINAI MED CTR-B | 5.125 | 08/01/2027 | | | 8.364 | 6 | 60 | |
| PALM DESERT CALIF FING AUTH TAX ALLOC REV REF-PROJ AREA NO 2-SER A | 5.125 | 08/01/2036 | | | 8.023 | 8 | 185 | |
| NEW JERSEY HEALTH CARE FACS FING AUTH REV TRINITAS HOSP OBLIG GRP-SER A | 5.250 | 07/01/2030 | | | 8.000 | 4 | 135 |
| CUSIP | Municipal Bond Name / Description | Coupon | Maturity | Bid Side Customer Sold to Dealer |
Spread |
Offer Side Customer Purchase from Dealer |
# of Trades |
Volume (000) |
| ALLEGHENY CNTY PA HOSP DEV AUTH REV HOSP-PITTSBURGH MERCY HLTH SYS | 5.625 | 08/15/2026 | | 7.592 | | 3 | 155 | |
| NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV SER B | 5.750 | 06/15/2013 | | 6.462 | | 4 | 240 | |
| PUERTO RICO COMWLTH GOVT DEV BK SR NTS-SER B | 5.000 | 12/01/2015 | | 5.631 | | 7 | 510 | |
| ALAMEDA CORRIDOR TRANSN AUTH CALIF REV SR LIEN-SER A | 5.000 | 10/01/2029 | | 4.948 | | 6 | 90 | |
| SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV AMT-SECOND SER-ISSUE 15A | 5.000 | 05/01/2025 | | 4.766 | | 7 | 220 | |
| PORT AUTH N Y & N J CONS-ONE HUNDRED SIXTEENTH SER | 4.250 | 10/01/2026 | | 4.706 | | 9 | 260 | |
| SACRAMENTO CNTY CALIF SANTN DIST FING AUTH REV REF | 5.000 | 12/01/2027 | | 4.677 | | 11 | 145 | |
| PUERTO RICO CONVENTION CTR DIST AUTH HOTEL OCCUPANCY TAX SER A | 5.000 | 07/01/2031 | | 4.531 | | 9 | 170 | |
| FAIRMONT W VA WTRWKS REV | 5.000 | 07/01/2029 | | 4.505 | | 4 | 100 | |
| CUMBERLAND CNTY PA MUN AUTH REV PRESBYTERIAN HOMES INC-SER A | 5.000 | 12/01/2026 | | 4.220 | | 5 | 330 |
| CUSIP | Municipal Bond Name / Description | Coupon | Maturity | Bid Side Customer Sold to Dealer |
Offer Side Customer Purchase from Dealer |
Spread |
# of Trades |
Volume (000) |
| COURTLAND ALA INDL DEV BRD ENVIRONMENTAL IMPT REV REF-INTL PAPER CO PROJ-SER A | 5.000 | 11/01/2013 | | | 20.625 | 24 | 4695+2 | |
| SPRINGFIELD MO PUB UTIL REV | 4.500 | 08/01/2036 | | | 8.705 | 2 | 33 | |
| CAPITAL PROJS FIN AUTH FLA STUDENT HSG REV CAP PROJS LN PG-SR-F-1 | 5.000 | 10/01/2031 | | | 7.040 | 7 | 90 | |
| HOUSTON TEX ARPT SYS REV AMT-SUB LIEN-SER B | 5.000 | 07/01/2025 | | | 5.775 | 9 | 220 | |
| PALM DESERT CALIF FING AUTH TAX ALLOC REV REF-PROJ AREA NO 2-SER A | 5.125 | 08/01/2036 | | | 5.700 | 8 | 185 | |
| MASSACHUSETTS ST DEV FIN AGY REV M/SRBC PROJ-SER A | 5.125 | 02/01/2034 | | | 5.142 | 9 | 165 | |
| LONG ISLAND PWR AUTH N Y ELEC SYS REV GEN-SER A | 5.000 | 12/01/2023 | | | 4.669 | 27 | 1725 | |
| BRAZOS RIVER AUTH TEX REV REF-COLL-CENTERPOINT ENERGY-B | 4.250 | 12/01/2017 | | | 4.644 | 7 | 240 | |
| SOUTH CAROLINA ST PUB SVC AUTH REV SER A | 5.000 | 01/01/2037 | | | 4.519 | 12 | 1080 | |
| SALT VERDE FINL CORP GAS REV ARIZ SR | 5.000 | 12/01/2032 | | | 4.427 | 4 | 240 |
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 :