Worst One Hundred Spread Offenders for 2003/Q3

Home

2003/Q3 Worst Bid/Offer Spreads

Here is the 2003/Q3 list of the one hundred worst Municipal Bond market spreads between the lowest bid and the highest offer. Because this study measures spreads, it is limited to Municipal Bonds that traded twice or more in one day.

Date	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)
09/23/2003	79061B-BU-8	ST JOSEPH CNTY IND HOSP AUTH HEALTH SYS REV MADISON CTR INC PROJ	4.800	02/15/2006	10.900 / 104.300	103.900 / 104.300	93.400	6	150
09/23/2003	778260-EC-9	ROSS CNTY OHIO HOSP REV VAR-FACS-REF IMPT-ADENA HLTH		12/01/2031	10.000 / 100.000	10.000 / 100.000	90.000	5	2000
09/04/2003	87970J-AR-2	TEMECULA CALIF CTFS PARTN CAP IMPT FING PROJ	4.875	10/01/2017	14.006 / 14.006	102.765 / 102.765	88.759	3	120
08/14/2003	696837-GP-2	PALMER MASS SER B	4.000	10/01/2010	100.000 / 100.000	183.166 / 183.166	83.166	2	200
09/22/2003	882716-AN-3	TEXAS ST	4.000	06/01/2009	45.000 / 45.000	105.186 / 105.186	60.186	4	450
08/18/2003	13033W-LB-7	CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV BAY AREA TOLL BRDGS-1ST LIE	5.000	07/01/2036	96.859 / 96.859	96.706 / 149.305	52.446	42	3295
09/09/2003	455261-PP-6	INDIANAPOLIS IND ECONOMIC DEV REV REF&IMPT-NATL BENEVOLENT	7.500	10/01/2010	40.399 / 40.399	90.001 / 90.001	49.602	4	20
09/17/2003	20772E-S6-1	CONNECTICUT ST SER D	5.250	12/15/2016	61.247 / 61.247	61.747 / 108.629	47.382	3	575
09/09/2003	147853-AZ-8	CASS CNTY MO INDL DEV AUTH INDL REV REF-NATL BENEVOLENT-FOXWOOD	7.150	10/01/2012	44.933 / 44.933	46.100 / 90.417	45.484	6	150
09/02/2003	762243-BY-8	RHODE ISLAND ST HEALTH & EDL BLDG CORP REV HIGHER EDL-PROVIDENCE COLL-A	5.000	11/01/2024	98.252 / 98.252	98.202 / 138.414	40.162	76	8435
09/25/2003	833221-ML-5	SNOHOMISH CNTY WASH SCH DIST NO 201 REF	4.800	12/01/2003	100.000 / 100.000	139.582 / 139.582	39.582	3	600
07/18/2003	082426-JF-5	BENSENVILLE ILL PK DIST DEBT CTFS	4.375	12/15/2011	71.500 / 71.500	103.500 / 103.500	32.000	2	170
07/23/2003	303585-LY-7	FAIRBORN OHIO DAYTON-YELLOW SPRINGS RD IMPT		12/01/2010	100.000 / 100.000	129.938 / 129.938	29.938	2	24
08/08/2003	709699-EH-1	PENTUCKET MASS REGL SCH DIST REF	1.500	08/15/2004	100.000 / 100.000	129.504 / 129.504	29.504	2	200
07/23/2003	303585-LX-9	FAIRBORN OHIO DAYTON-YELLOW SPRINGS RD IMPT		12/01/2009	100.000 / 100.000	127.700 / 127.700	27.700	2	22
09/25/2003	77025P-AA-1	ROBBINSDALE MINN HEALTH CARE FACS REV ARS-NORTH MEM HLTH-TRANCHE I		05/15/2033	73.315 / 100.000	100.000 / 100.000	26.685	3	1250
07/25/2003	888805-AG-3	TOBACCO SETTLEMENT AUTH IOWA TOB SETTLEMENT REV ASSET-BKD-SER B	5.600	06/01/2035	70.890 / 70.890	97.500 / 97.500	26.610	2	85
09/25/2003	590485-PC-6	MESA ARIZ	5.250	07/01/2012	87.000 / 112.873	112.873 / 112.873	25.873	6	50
09/18/2003	77025P-AA-1	ROBBINSDALE MINN HEALTH CARE FACS REV ARS-NORTH MEM HLTH-TRANCHE I		05/15/2033	74.390 / 100.000	100.000 / 100.000	25.610	6	1400
07/23/2003	303585-LW-1	FAIRBORN OHIO DAYTON-YELLOW SPRINGS RD IMPT		12/01/2008	100.000 / 100.000	124.685 / 124.685	24.685	2	20
07/01/2003	720248-EC-3	PIEDMONT TRIAD ARPT AUTH N C ARPT REV SER A	4.250	07/01/2008	85.004 / 85.004	109.204 / 109.204	24.200	2	200
08/05/2003	745145-Z2-1	PUERTO RICO COMWLTH REF-PUB IMPT-SER C	5.000	07/01/2028	109.043 / 109.043	109.138 / 132.792	23.749	10	535
07/01/2003	146339-HF-6	CARTERET CNTY N C	5.400	05/01/2011	88.576 / 88.576	111.488 / 111.488	22.912	2	800
07/01/2003	126775-QF-5	CABARRUS CNTY N C	5.300	02/01/2007	89.276 / 89.276	112.054 / 112.054	22.778	2	700
08/04/2003	46940H-BA-5	JACKSONVILLE FLA HEALTH FACS AUTH INDL DEV REV REF-CYPRESS VLG FLA PROJ	7.000	12/01/2022	41.250 / 41.250	41.750 / 64.000	22.750	4	25
08/19/2003	537423-BH-7	LITTLE ROCK ARK RESIDENTL HSG FACS BRD SINGLE FAMILY MTG REV PREREFUNDED-09	7.300	09/01/2011	99.000 / 110.200	101.000 / 121.497	22.497	6	30
07/01/2003	161034-F6-5	CHARLOTTE N C WTR & SWR	4.750	02/01/2011	87.613 / 87.613	109.872 / 109.872	22.259	2	250
09/09/2003	60635R-JW-8	MISSOURI ST HEALTH & EDL FACS AUTH HEALTH FACS REV NATL BENEVOLENT ASSOC-LE	6.100	02/01/2017	40.399 / 40.399	62.501 / 62.501	22.102	4	20
08/26/2003	132813-BJ-4	CAMDEN CNTY N J MUN UTILS AUTH SWR REV CAP APPREC SER A		09/01/2004	97.906 / 97.906	98.554 / 120.000	22.094	4	72
07/11/2003	60635R-JV-0	MISSOURI ST HEALTH & EDL FACS AUTH HEALTH FACS REV NATL BENEVOLENT ASSOC-LE	6.000	02/01/2011	53.000 / 53.000	74.500 / 74.500	21.500	5	70
07/01/2003	12677P-AD-3	CABARRUS CNTY N C CTFS PARTN INSTALLMENT FING CONTRACT	4.000	04/01/2005	83.670 / 83.670	104.986 / 104.986	21.316	2	200
09/03/2003	65820P-BS-3	NORTH CAROLINA MED CARE COMMN HEALTH SYS REV MISSION-ST JOSEPHS HEALTH SYS	5.250	10/01/2031	81.221 / 81.221	100.750 / 102.530	21.309	5	100
07/23/2003	303585-LV-3	FAIRBORN OHIO DAYTON-YELLOW SPRINGS RD IMPT		12/01/2007	100.000 / 100.000	121.237 / 121.237	21.237	2	20
07/15/2003	548100-2P-0	LOWER COLO RIV AUTH TEX REV PREREFUNDED-JR LIEN-1998	6.000	01/01/2017	99.330 / 99.330	100.330 / 119.463	20.133	4	30
09/08/2003	793043-AQ-3	ST PAUL MINN PORT AUTH HSG & REDEV MULTIFAMILY HSG REV SER 1985 J	9.500	12/01/2014	73.100 / 73.100	93.150 / 93.150	20.050	5	130
07/15/2003	239874-AP-5	DAYTON OHIO SPL FACS REV REF-EMERY AIR FREIGHT-SER A	5.625	02/01/2018	83.140 / 83.140	85.140 / 103.000	19.860	6	180
08/01/2003	720175-BM-9	PIEDMONT MUN PWR AGY S C ELEC REV REF	5.000	01/01/2025	82.786 / 82.786	102.370 / 102.370	19.584	2	20
08/25/2003	64578C-AH-4	NEW JERSEY ECONOMIC DEV AUTH SPL FAC REV CONTINENTAL AIRLINES INC PJ	6.250	09/15/2029	64.228 / 64.228	73.250 / 83.795	19.567	4	140
09/12/2003	645913-AA-2	NEW JERSEY ECONOMIC DEV AUTH ST PENSION FDG REV SER A	7.425	02/15/2029	99.340 / 99.340	118.454 / 118.454	19.114	2	9
09/18/2003	882134-SK-6	TEXAS A & M UNIV REVS	7.500	06/01/2008	100.000 / 100.000	119.058 / 119.058	19.058	5	25
07/02/2003	718867-KM-5	PHOENIX ARIZ STR & HWY USER REV SR LIEN	6.250	07/01/2011	98.000 / 103.380	100.000 / 117.000	19.000	4	30
08/25/2003	38122N-AP-7	GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV ASSET-BKD-SER A-	6.250	06/01/2033	77.500 / 77.500	96.494 / 96.494	18.994	4	200
09/26/2003	786004-QE-4	SACRAMENTO CALIF MUN UTIL DIST ELEC REV	6.100	10/15/2018	97.500 / 97.500	116.019 / 116.019	18.519	4	565
08/18/2003	254842-AH-0	DISTRICT COLUMBIA TOB SETTLEMENT FING CORP ASSET BKD BDS	6.250	05/15/2026	80.000 / 80.000	82.325 / 98.500	18.500	4	190
07/28/2003	745270-FV-5	PUERTO RICO HSG FIN CORP REV MTG-FHA-6TH PORTFOLIO-SECT 8	7.750	12/01/2026	101.200 / 101.200	104.250 / 119.111	17.911	3	265
09/02/2003	686071-GC-9	OREGON ST	7.300	07/01/2008	100.372 / 116.484	101.372 / 117.859	17.487	4	40
08/11/2003	45200L-VX-1	ILLINOIS HEALTH FACS AUTH REV VICTORY HEALTH SVCS-SER A	5.750	08/15/2027	72.560 / 72.685	90.000 / 90.000	17.440	10	760
07/01/2003	74527E-DR-6	PUERTO RICO INDL TOURIST EDL MED & ENVIRONMENTAL CTL FACS FING AUTH HOSP RE	5.750	06/01/2019	68.720 / 68.720	86.000 / 86.000	17.280	5	130
07/23/2003	303585-LU-5	FAIRBORN OHIO DAYTON-YELLOW SPRINGS RD IMPT		12/01/2006	100.000 / 100.000	117.228 / 117.228	17.228	2	20
07/30/2003	056559-AM-9	BADGER TOB ASSET SECURITIZATION CORP WIS TOB SETTLEMENT REV ASSET-BKD	6.375	06/01/2032	81.506 / 81.870	82.875 / 98.372	16.866	11	2140
08/20/2003	62947N-AT-2	N Y CNTYS TOB TR I TOB SETTLEMENT PASS THRU BD-B	6.500	06/01/2035	79.883 / 79.883	96.732 / 96.732	16.849	3	50
07/15/2003	786004-JR-3	SACRAMENTO CALIF MUN UTIL DIST ELEC REV	5.500	02/01/2011	93.000 / 108.435	109.810 / 109.810	16.810	4	60
07/15/2003	88880M-AJ-0	TOBACCO SETTLEMENT AUTH WASH TOB SETTLEMENT REV ASSET BACKED	6.625	06/01/2032	76.699 / 76.699	90.800 / 93.478	16.779	10	80
07/18/2003	939558-AM-4	WASHINGTON PARISH LA INDL DIST NO 1 POLLUTN CTL REV CROWN ZELLERBACH CORP P	5.950	01/01/2008	79.000 / 79.000	95.500 / 95.500	16.500	6	125
07/16/2003	056559-AK-3	BADGER TOB ASSET SECURITIZATION CORP WIS TOB SETTLEMENT REV ASSET-BKD	6.125	06/01/2027	79.462 / 90.527	89.697 / 95.474	16.012	16	1845
09/24/2003	360052-AG-9	FULTON CNTY GA DEV AUTH SPL FACS REV DELTA AIR LINES INC PROJ	6.950	11/01/2012	71.000 / 90.000	87.000 / 87.000	16.000	7	265
07/23/2003	684503-XE-0	ORANGE CNTY FLA HEALTH FACS AUTH REV 1ST MTG-ORLANDO LUTHERAN TOWER S	8.750	07/01/2026	88.250 / 88.250	98.000 / 104.075	15.825	7	1030
07/14/2003	649669-H2-7	NEW YORK N Y SER H	5.000	03/15/2029	87.808 / 100.557	102.552 / 103.552	15.744	10	525
08/18/2003	056559-AK-3	BADGER TOB ASSET SECURITIZATION CORP WIS TOB SETTLEMENT REV ASSET-BKD	6.125	06/01/2027	80.321 / 80.921	88.000 / 95.696	15.375	14	200
08/26/2003	400653-BG-5	GUAM PWR AUTH REV SER A	5.250	10/01/2023	80.610 / 80.610	95.907 / 95.907	15.297	6	190
08/28/2003	056559-AK-3	BADGER TOB ASSET SECURITIZATION CORP WIS TOB SETTLEMENT REV ASSET-BKD	6.125	06/01/2027	80.879 / 83.214	83.214 / 95.996	15.117	9	220
09/24/2003	16876Q-BF-5	CHILDRENS TR FD P R TOB SETTLEMENT REV ASSET-BKD BDS	5.500	05/15/2039	83.159 / 83.159	97.932 / 97.932	14.773	4	130
09/22/2003	251131-BV-9	DETROIT MICH CONVENTION FAC REV REF-COBO HALL	5.000	09/30/2008	96.995 / 111.638	106.471 / 111.638	14.643	27	5475
09/22/2003	251131-BX-5	DETROIT MICH CONVENTION FAC REV REF-COBO HALL	5.000	09/30/2009	96.995 / 96.995	111.337 / 111.628	14.633	5	1200
07/10/2003	131539-AR-9	CALVERT CNTY MD ECONOMIC DEV REV ASBURY-SOLOMONS ISLAND FAC PJ	8.625	01/01/2024	97.000 / 110.450	101.250 / 111.515	14.515	6	30
07/24/2003	307485-EN-8	FARGO N D MULTIFAMILY REV REF-HSG-GARDNER-RMKT-4/28/97	7.125	02/01/2026	89.000 / 89.000	103.508 / 103.508	14.508	4	20
07/22/2003	54474C-BA-4	LOS ANGELES CNTY CALIF PENSION OBLIG CAP APPREC-TAXABLE-C-MBIA-IBC		06/30/2007	74.000 / 86.747	87.723 / 88.474	14.474	6	272
08/01/2003	59333P-EJ-3	MIAMI-DADE CNTY FLA AVIATION REV AMT-MIAMI INTL ARPT-SER A	5.000	10/01/2033	85.750 / 85.750	97.723 / 100.000	14.250	115	3960
08/12/2003	056559-AJ-6	BADGER TOB ASSET SECURITIZATION CORP WIS TOB SETTLEMENT REV ASSET-BKD	6.000	06/01/2017	82.320 / 88.605	89.000 / 96.500	14.180	9	70
09/26/2003	88880M-AJ-0	TOBACCO SETTLEMENT AUTH WASH TOB SETTLEMENT REV ASSET BACKED	6.625	06/01/2032	85.500 / 87.818	89.250 / 99.669	14.169	15	475
07/28/2003	056559-AK-3	BADGER TOB ASSET SECURITIZATION CORP WIS TOB SETTLEMENT REV ASSET-BKD	6.125	06/01/2027	80.000 / 80.000	90.632 / 94.035	14.035	6	100
08/05/2003	147853-BA-2	CASS CNTY MO INDL DEV AUTH INDL REV REF-NATL BENEVOLENT-FOXWOOD	7.375	10/01/2022	53.000 / 53.000	67.030 / 67.030	14.030	3	60
09/17/2003	491026-JK-7	KENTON CNTY KY ARPT BRD ARPT REV SPL FACS-DELTA AIRLINES PJ-A	7.125	02/01/2021	77.000 / 77.000	90.982 / 90.982	13.982	4	15
09/22/2003	251131-BY-3	DETROIT MICH CONVENTION FAC REV REF-COBO HALL	3.200	09/30/2010	96.995 / 96.995	100.000 / 110.916	13.921	18	2775
09/22/2003	251131-BZ-0	DETROIT MICH CONVENTION FAC REV REF-COBO HALL	5.000	09/30/2010	96.995 / 96.995	110.916 / 110.916	13.921	6	2570
08/08/2003	745145-3G-5	PUERTO RICO COMWLTH PREREFUNDED-PUB IMPT-MBIA IBC	5.000	07/01/2028	98.000 / 109.971	110.363 / 111.818	13.818	7	115
08/18/2003	206461-BX-2	CONCORD N C UTILS SYS REV SER A	5.000	12/01/2022	95.495 / 95.495	109.260 / 109.260	13.765	4	20
08/04/2003	64577M-JU-5	NEW JERSEY ECONOMIC DEV AUTH ECONOMIC DEV REV AMERICAN AIRLINES INC PROJ	7.100	11/01/2031	44.000 / 44.000	53.000 / 57.750	13.750	5	410
07/31/2003	271014-KM-3	EAST BAY CALIF MUN UTIL DIST WTR SYS REV SUB	4.750	06/01/2028	86.250 / 94.460	96.460 / 99.993	13.743	7	80
09/04/2003	647546-AA-8	NEW MORGAN PA INDL DEV AUTH SOLID WASTE DISP REV NEW MORGAN LANDFILL CO INC	6.500	04/01/2019	81.186 / 81.186	94.846 / 94.846	13.660	4	30
09/11/2003	16876Q-BF-5	CHILDRENS TR FD P R TOB SETTLEMENT REV ASSET-BKD BDS	5.500	05/15/2039	75.022 / 75.022	88.682 / 88.682	13.660	2	85
07/18/2003	056559-AJ-6	BADGER TOB ASSET SECURITIZATION CORP WIS TOB SETTLEMENT REV ASSET-BKD	6.000	06/01/2017	84.627 / 84.627	93.250 / 98.206	13.579	6	95
08/07/2003	432320-DN-6	HILLSBOROUGH CNTY FLA INDL DEV AUTH POLLUTN CTL REV TAMPA ELECTRIC CO PROJ	5.500	10/01/2023	89.442 / 89.442	103.000 / 103.000	13.558	2	70
07/17/2003	238440-AN-1	DAVENPORT IOWA REV RIDGECREST VILLAGE-SER A	6.500	11/15/2010	86.500 / 86.500	100.000 / 100.000	13.500	4	8
09/10/2003	13077F-AA-5	CALIFORNIA STATEWIDE CMNTYS DEV AUTH SPL FACS REV UNITED AIRLINES-L A INTL	6.250	10/01/2035	14.250 / 25.700	27.700 / 27.700	13.450	5	200
07/31/2003	97710N-S7-2	WISCONSIN ST HEALTH & EDL FACS AUTH REV AURORA HEALTH CARE INC-SER A	5.600	02/15/2029	86.580 / 95.750	97.000 / 100.000	13.420	7	195
09/22/2003	251131-CB-2	DETROIT MICH CONVENTION FAC REV REF-COBO HALL	5.000	09/30/2011	96.995 / 96.995	109.999 / 110.291	13.296	4	0
07/22/2003	056559-AJ-6	BADGER TOB ASSET SECURITIZATION CORP WIS TOB SETTLEMENT REV ASSET-BKD	6.000	06/01/2017	84.985 / 84.985	97.375 / 98.250	13.265	11	255
08/18/2003	235035-AF-9	DALLAS-FORT WORTH TEX INTL ARPT FAC IMPT CORP REV DELTA AIR LINES INC	7.125	11/01/2026	62.781 / 62.781	76.000 / 76.000	13.219	4	45
09/30/2003	452001-WQ-9	ILLINOIS EDL FACS AUTH REVS ADJ-MED TERM-NORTHWESTN UNIV	4.950	11/01/2008	98.531 / 98.531	99.906 / 111.714	13.183	3	500
07/24/2003	594614-UF-4	MICHIGAN ST BLDG AUTH REV REF-FACS PROG-SER I	5.000	10/15/2010	110.282 / 110.282	110.268 / 123.441	13.159	16	4630
09/15/2003	79575D-RQ-5	SALT RIVER PROJ ARIZ AGRIC IMPT & PWR DIST ELEC SYS REV PREREF-SALT RIV-MAN	5.000	01/01/2020	97.530 / 97.530	110.566 / 110.566	13.036	5	30
08/04/2003	08869F-CQ-0	BIBB CNTY GA DEV AUTH REV 1ST MTG-NATL ASSISTANCE-SER A	8.750	03/01/2030	87.000 / 87.000	100.000 / 100.000	13.000	3	100
08/21/2003	38122N-AQ-5	GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV ASSET-BKD-SER A-	6.750	06/01/2039	76.360 / 89.338	88.580 / 89.338	12.978	17	335
07/23/2003	303585-LT-8	FAIRBORN OHIO DAYTON-YELLOW SPRINGS RD IMPT		12/01/2005	100.000 / 100.000	112.894 / 112.894	12.894	2	20
07/21/2003	88880M-AH-4	TOBACCO SETTLEMENT AUTH WASH TOB SETTLEMENT REV ASSET BACKED	6.500	06/01/2026	83.403 / 83.403	96.250 / 96.250	12.847	4	340
07/23/2003	232265-AV-0	CUYAHOGA CNTY OHIO HOSP REV DEACONESS HOSP PROJ	6.750	11/01/2009	99.250 / 99.250	101.750 / 112.071	12.821	3	40
07/21/2003	056559-AJ-6	BADGER TOB ASSET SECURITIZATION CORP WIS TOB SETTLEMENT REV ASSET-BKD	6.000	06/01/2017	85.500 / 85.500	94.808 / 98.206	12.706	6	55
09/22/2003	82620N-FG-7	SIENNA PLANTATION MUN UTIL DIST NO 2 TEX	4.750	10/01/2008	97.000 / 97.000	109.703 / 109.703	12.703	2	160
09/22/2003	251131-CC-0	DETROIT MICH CONVENTION FAC REV REF-COBO HALL	5.000	09/30/2012	96.995 / 96.995	109.695 / 109.695	12.700	6	1000

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 :