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: 07/01/2008.

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-AC-0	DIRECTOR ST NEV DEPT BUSINESS & INDUSTRY LAS VEGAS MONORAIL PJ-1ST TIER	5.375	01/01/2040	62.100 / 62.100	77.844 / 78.850	16.750	6	120
73535E-HY-9	PORT ST LUCIE FLA SPL ASSMT REV SOUTHWEST ANNEXATION DIST 1-B	5.000	07/01/2040	87.611 / 87.611	99.053 / 99.053	11.442	4	55
696507-QP-0	PALM BEACH CNTY FLA HEALTH FACS AUTH REV REF-HOSP-BRCH CORP OBLIG GROUP	5.625	12/01/2031	87.859 / 87.859	98.896 / 98.896	11.037	4	205
845131-NR-8	SOUTHWEST MO ST UNIV REVS AUXILARY ENTERPRISE SYS-SER A	3.700	10/01/2017	88.500 / 88.500	97.698 / 97.698	9.198	3	40
20772E-LW-1	CONNECTICUT ST CAP APPREC-COLLEGE SAVINGS-B	0.000	12/15/2013	71.554 / 71.554	80.584 / 80.584	9.030	4	22
79730A-DV-7	SAN DIEGO CALIF PUB FACS FING AUTH SWR REV SER A	5.000	05/15/2029	89.269 / 89.269	98.267 / 98.267	8.998	5	65
59333P-BS-6	MIAMI-DADE CNTY FLA AVIATION REV AMT-SER C	5.000	10/01/2023	90.071 / 90.071	99.066 / 99.066	8.995	4	80
59469C-WR-0	MICHIGAN ST STRATEGIC FD LTD OBLIG REV REF-DETROIT EDISON CO-SER A	5.550	09/01/2029	95.995 / 96.495	100.209 / 104.880	8.885	10	190
696617-QD-4	PALM DESERT CALIF FING AUTH TAX ALLOC REV REF-PROJ AREA NO 2-SER A	5.125	08/01/2036	92.765 / 92.765	101.500 / 101.500	8.735	3	70
745235-D3-2	PUERTO RICO PUB BLDGS AUTH REV GTD UNREFUNDED BAL-CAP APPREC-D	0.000	07/01/2030	77.000 / 77.000	85.400 / 85.400	8.400	2	10

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)
360053-GE-6	FULTON CNTY GA HOSP AUTH REV REF-ANTIC CTF-NORTHSIDE HOSP-A	5.125	10/01/2016	94.398 / 99.410	5.012		4	75
888806-AC-0	TOBACCO SETTLEMENT REV MGMT AUTH S C TOB SETTLEMENT REV SER B	6.375	05/15/2028	103.500 / 108.113	4.613		24	795
64966C-JZ-5	NEW YORK N Y SER J	4.750	06/01/2033	92.340 / 96.575	4.235		3	40
592646-KU-6	METROPOLITAN WASH D C ARPTS AUTH ARPT SYS REV AMT-SER B	5.000	10/01/2034	90.000 / 94.190	4.190	95.080 / 97.140	12	240
13077V-B7-6	CALIFORNIA STATEWIDE CMNTYS DEV AUTH MULTIFAMILY REV REF-HSG-GNMA-EAST TABOR APTS-C	6.850	08/20/2036	102.400 / 106.450	4.050	104.100 / 107.450	9	800
341594-AW-9	FLORIDA ST BRD REGT STUDENT APT FAC REV UNIV CENTRAL FLORIDA	6.000	10/01/2013	95.131 / 99.000	3.869	99.000 / 99.000	3	15
245913-FS-2	DELAWARE CNTY PA AUTH REV HLTH SYS-CATHOLIC HLTH EAST-A	4.875	11/15/2026	94.485 / 98.175	3.690	99.003 / 99.701	7	130
455421-KC-0	INDIANAPOLIS-MARION CNTY IND PUB LIBR	4.300	07/01/2020	96.500 / 100.000	3.500	100.000 / 100.000	4	100
696507-QN-5	PALM BEACH CNTY FLA HEALTH FACS AUTH REV REF-HOSP-BRCH CORP OBLIG GROUP	5.500	12/01/2021	91.510 / 95.000	3.490	97.440 / 97.440	5	230
13062R-RC-4	CALIFORNIA ST VAR PURP	4.500	08/01/2034	85.796 / 89.120	3.324	91.500 / 92.750	10	1760

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)
594614-UL-1	MICHIGAN ST BLDG AUTH REV REF-FACS PROG-SER I	5.250	10/15/2015	101.140 / 101.140	101.140 / 108.000	6.860	4	220
914174-BL-0	UNIVERSITY COLO HOSP AUTH REV SER A	5.000	11/15/2037		87.795 / 93.500	5.705	5	450
167562-CY-1	CHICAGO ILL MIDWAY ARPT REV AMT-SER A	5.125	01/01/2031	91.709 / 91.709	91.578 / 97.038	5.460	5	240
745220-FF-5	PUERTO RICO COMWLTH INFRASTRUCTURE FING AUTH SPL REF-SER C	5.500	07/01/2016		105.989 / 111.164	5.175	2	40
761852-FY-3	REYNOLDSBURG OHIO CITY SCH DIST SCH FACS CONSTR & IMPT	5.000	12/01/2032		99.333 / 104.450	5.117	12	265
546279-LR-9	LOUISIANA LOC GOVT ENVIRONMENTAL FACS & CMNTY BOSSIER PARISH CMNTY COLL	5.125	12/01/2024		101.382 / 106.375	4.993	3	70
074383-CN-8	BEAUFORT S C	4.000	02/01/2020		97.464 / 102.250	4.786	5	545
59469C-WR-0	MICHIGAN ST STRATEGIC FD LTD OBLIG REV REF-DETROIT EDISON CO-SER A	5.550	09/01/2029	95.995 / 96.495	100.209 / 104.880	4.671	10	190
167485-5G-2	CHICAGO ILL REF-SER A	4.000	01/01/2020		96.142 / 100.736	4.594	20	685
769123-CP-3	RIVERSIDE CNTY CALIF REDEV AGY TAX ALLOC HSG-SER A	5.000	10/01/2032		93.750 / 98.319	4.569	18	840

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.

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