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2003/Q3 Worst Bid-side Spreads
Here is the 2003/Q3 list of the one hundred worst "bid-side" spreads when comparing lowest bid to highest bid. 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 |
Spread |
Offer Side Customer Purchase from Dealer |
# of Trades |
Volume (000) |
| 09/23/2003 | ST JOSEPH CNTY IND HOSP AUTH HEALTH SYS REV MADISON CTR INC PROJ | 4.800 | 02/15/2006 | | 93.400 | | 6 | 150 | |
| 09/23/2003 | ROSS CNTY OHIO HOSP REV VAR-FACS-REF IMPT-ADENA HLTH | 12/01/2031 | | 90.000 | | 5 | 2000 | ||
| 07/23/2003 | SIERRA KINGS CALIF HEALTH CARE DIST REV | 6.500 | 12/01/2026 | | 48.000 | | 5 | 180 | |
| 08/05/2003 | HESPERIA CALIF IMPT BD ACT 1915 ASSMT DIST NO 91-1 | 8.500 | 09/02/2024 | | 48.000 | | 2 | 15 | |
| 09/22/2003 | DETROIT MICH CONVENTION FAC REV CAP APPREC-REF | 09/30/2015 | | 38.389 | | 29 | 6220 | ||
| 08/21/2003 | JEFFERSON CNTY ARK PUB FACS BRD HEALTHCARE FACS REV 1ST MTG-PINE BLUFF PJ-S | 8.000 | 12/01/2029 | | 36.400 | | 2 | 160 | |
| 09/22/2003 | DETROIT MICH CONVENTION FAC REV CAP APPREC-REF | 09/30/2014 | | 34.987 | | 20 | 7120 | ||
| 09/30/2003 | NEW YORK N Y REVERT PRAMS 6% 5/15/30-SER 96 | 05/15/2030 | | 31.332 | | 2 | 35 | ||
| 09/25/2003 | ROBBINSDALE MINN HEALTH CARE FACS REV ARS-NORTH MEM HLTH-TRANCHE I | 05/15/2033 | | 26.685 | | 3 | 1250 | ||
| 09/25/2003 | MESA ARIZ | 5.250 | 07/01/2012 | | 25.873 | | 6 | 50 | |
| 09/18/2003 | ROBBINSDALE MINN HEALTH CARE FACS REV ARS-NORTH MEM HLTH-TRANCHE I | 05/15/2033 | | 25.610 | | 6 | 1400 | ||
| 09/24/2003 | FULTON CNTY GA DEV AUTH SPL FACS REV DELTA AIR LINES INC PROJ | 6.950 | 11/01/2012 | | 19.000 | | 7 | 265 | |
| 09/22/2003 | DETROIT MICH CONVENTION FAC REV CAP APPREC-REF | 09/30/2010 | | 18.989 | | 16 | 2675 | ||
| 08/25/2003 | BADGER TOB ASSET SECURITIZATION CORP WIS TOB SETTLEMENT REV ASSET-BKD | 6.375 | 06/01/2032 | | 17.976 | | 19 | 1075 | |
| 08/21/2003 | BADGER TOB ASSET SECURITIZATION CORP WIS TOB SETTLEMENT REV ASSET-BKD | 6.375 | 06/01/2032 | | 17.420 | | 23 | 440 | |
| 07/22/2003 | LITTLE RIV CNTY ARK REV REF-GEORGIA-PACIFIC CORP PROJ | 5.600 | 10/01/2026 | | 17.320 | | 7 | 125 | |
| 08/11/2003 | NEW YORK ST PWR AUTH REV & GEN PURP | 7.000 | 01/01/2018 | | 17.096 | | 2 | 35 | |
| 09/02/2003 | OREGON ST | 7.300 | 07/01/2008 | | 16.112 | | 4 | 40 | |
| 07/15/2003 | SACRAMENTO CALIF MUN UTIL DIST ELEC REV | 5.500 | 02/01/2011 | | 15.435 | | 4 | 60 | |
| 07/17/2003 | NEPHI UTAH INDL DEV REV COLONIAL MANOR HLTH CARE CTR | 7.500 | 11/01/2010 | | 15.321 | | 3 | 9 | |
| 09/22/2003 | DETROIT MICH CONVENTION FAC REV REF-COBO HALL | 5.000 | 09/30/2008 | | 14.643 | | 27 | 5475 | |
| 09/18/2003 | ORLANDO & ORANGE CNTY EXPWY AUTH FLA EXPWY REV SR LIEN | 7.625 | 07/01/2018 | | 14.203 | | 4 | 200 | |
| 09/22/2003 | DETROIT MICH CONVENTION FAC REV CAP APPREC-REF | 09/30/2009 | | 14.142 | | 21 | 3805 | ||
| 09/03/2003 | N Y CNTYS TOB TR I TOB SETTLEMENT PASS THRU BD-B | 6.500 | 06/01/2035 | | 13.717 | | 6 | 295 | |
| 09/29/2003 | LOUISIANA ST SER B | 5.625 | 08/01/2012 | | 13.500 | | 2 | 115 | |
| 07/10/2003 | CALVERT CNTY MD ECONOMIC DEV REV ASBURY-SOLOMONS ISLAND FAC PJ | 8.625 | 01/01/2024 | | 13.450 | | 6 | 30 | |
| 07/25/2003 | LOWER COLO RIV AUTH TEX REV PREREFUNDED-JR LIEN | 6.000 | 01/01/2017 | | 13.100 | | 5 | 25 | |
| 08/13/2003 | MASSACHUSETTS ST HEALTH & EDL FACS AUTH REV BOSTON COLLEGE ISSUE-SER L | 4.750 | 06/01/2031 | | 13.100 | | 6 | 120 | |
| 09/16/2003 | JUNCTION CITY KANS RESIDENTIAL RENT FAC REV WASHINGTON COURT EQUITIES L P | 8.750 | 06/01/2030 | | 13.000 | | 5 | 70 | |
| 08/21/2003 | GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV ASSET-BKD-SER A- | 6.750 | 06/01/2039 | | 12.978 | | 17 | 335 | |
| 08/01/2003 | CONNECTICUT ST CAP APPREC-COLLEGE SVGS PLAN-A | 06/01/2008 | | 12.797 | | 2 | 16 | ||
| 07/14/2003 | NEW YORK N Y SER H | 5.000 | 03/15/2029 | | 12.749 | | 10 | 525 | |
| 07/22/2003 | LOS ANGELES CNTY CALIF PENSION OBLIG CAP APPREC-TAXABLE-C-MBIA-IBC | 06/30/2007 | | 12.747 | | 6 | 272 | ||
| 07/17/2003 | NEW JERSEY ST HWY AUTH GARDEN ST PKWY GEN REV | 6.600 | 01/01/2011 | | 12.672 | | 3 | 15 | |
| 08/19/2003 | FLORIDA ST TPK AUTH TPK REV DEPT OF TRANSPORTATION-SER B | 5.250 | 07/01/2025 | | 12.517 | | 4 | 125 | |
| 09/12/2003 | CHICAGO ILL BRD ED CHICAGO SCH REFORM | 6.000 | 12/01/2026 | | 12.516 | | 6 | 70 | |
| 08/26/2003 | TSASC INC N Y REV TOB FLEX AMORT-1 PLANPRIN 2019 | 6.250 | 07/15/2027 | | 12.448 | | 2 | 25 | |
| 07/02/2003 | NEW YORK ST DORM AUTH REVS PREREFUNDED-CITY UNIV-3RD-2 | 5.000 | 07/01/2028 | | 12.148 | | 6 | 85 | |
| 08/08/2003 | PUERTO RICO COMWLTH PREREFUNDED-PUB IMPT-MBIA IBC | 5.000 | 07/01/2028 | | 11.971 | | 7 | 115 | |
| 08/19/2003 | PHOENIX ARIZ STR & HWY USER REV | 6.500 | 07/01/2009 | | 11.912 | | 2 | 35 | |
| 09/10/2003 | CALIFORNIA STATEWIDE CMNTYS DEV AUTH SPL FACS REV UNITED AIRLINES-L A INTL | 6.250 | 10/01/2035 | | 11.450 | | 5 | 200 | |
| 08/19/2003 | LITTLE ROCK ARK RESIDENTL HSG FACS BRD SINGLE FAMILY MTG REV PREREFUNDED-09 | 7.300 | 09/01/2011 | | 11.200 | | 6 | 30 | |
| 07/07/2003 | SEATTLE WASH SER B | 5.750 | 12/01/2028 | | 11.156 | | 3 | 35 | |
| 07/16/2003 | ILLINOIS HEALTH FACS AUTH REV REF-EVANGELICAL HOSPS-SER A | 6.250 | 04/15/2021 | | 11.100 | | 4 | 55 | |
| 07/16/2003 | BADGER TOB ASSET SECURITIZATION CORP WIS TOB SETTLEMENT REV ASSET-BKD | 6.125 | 06/01/2027 | | 11.065 | | 16 | 1845 | |
| 08/12/2003 | ST PAUL MINN PORT AUTH INDL DEV REV SER C-1996 LOTTERY | 10.000 | 12/01/2006 | | 11.000 | | 3 | 15 | |
| 08/19/2003 | SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV SECOND SER-ISSUE | 5.000 | 05/01/2029 | | 10.900 | | 5 | 225 | |
| 09/03/2003 | COLORADO WTR RES PWR DEV AUTH CLEAN WTR REV SER A | 5.250 | 09/01/2011 | | 10.722 | | 6 | 210 | |
| 09/09/2003 | WASHINGTON ST HEALTH CARE FACS AUTH REV FRANCISCAN HLTH/ST JOSEPH HOSP | 5.625 | 01/01/2013 | | 10.675 | | 4 | 320 | |
| 07/09/2003 | ST PAUL MINN PORT AUTH INDL DEV REV SER C-1996 LOTTERY | 10.000 | 12/01/2006 | | 10.650 | | 7 | 50 | |
| 07/25/2003 | LOWER COLO RIV AUTH TEX REV PREREFUNDED-1996 | 6.000 | 01/01/2017 | | 10.640 | | 3 | 15 | |
| 07/02/2003 | MICHIGAN ST STRATEGIC FD LTD OBLIG REV REF-DETROIT EDISON POLL CTL-C | 5.450 | 09/01/2029 | | 10.605 | | 5 | 40 | |
| 08/07/2003 | NEW YORK ST HSG FIN AGY REF-ST UNIV CONSTR SER-A | 8.000 | 05/01/2011 | | 10.500 | | 2 | 35 | |
| 07/01/2003 | PIEDMONT MUN PWR AGY S C ELEC REV REF | 6.250 | 01/01/2021 | | 10.399 | | 6 | 85 | |
| 07/24/2003 | CALIFORNIA ST REF | 4.250 | 10/01/2026 | | 10.380 | | 6 | 120 | |
| 09/15/2003 | WISCONSIN ST ZERO CPN-SER D-HIGHER ED | 05/01/2006 | | 10.293 | | 3 | 4 | ||
| 08/20/2003 | UNIVERSITY CALIF REVS MULTIPLE PURPOSE PROJS-SER Q | 5.000 | 09/01/2021 | | 10.250 | | 75 | 4895 | |
| 08/26/2003 | SACRAMENTO CALIF MUN UTIL DIST ELEC REV | 6.125 | 06/01/2011 | | 10.195 | | 5 | 85 | |
| 08/25/2003 | MASSACHUSETTS ST CONS LN-SER C | 5.500 | 11/01/2011 | | 9.850 | | 10 | 3000 | |
| 07/10/2003 | TITUSVILLE PA AREA SCH DIST | 5.200 | 07/01/2011 | | 9.790 | | 5 | 310 | |
| 07/30/2003 | NEW YORK N Y UNREFUNDED BALANCE-SER F | 6.125 | 02/01/2025 | | 9.740 | | 3 | 25 | |
| 09/05/2003 | CHILDRENS TR FD P R TOB SETTLEMENT REV ASSET-BKD BDS | 4.000 | 05/15/2012 | | 9.613 | | 6 | 1215 | |
| 07/02/2003 | DALLAS FORT WORTH TEX INTL ARPT REV JT-SER A-AMBAC | 5.000 | 11/01/2032 | | 9.525 | | 637 | 29815 | |
| 08/26/2003 | CALIFORNIA ST | 4.500 | 12/01/2021 | | 9.517 | | 2 | 70 | |
| 08/29/2003 | RODDY RANCH PUB FING AUTH CALIF REV PUB GOLF COURSE PH I IMPTS-B | 8.000 | 10/15/2013 | | 9.500 | | 9 | 180 | |
| 08/19/2003 | BADGER TOB ASSET SECURITIZATION CORP WIS TOB SETTLEMENT REV ASSET-BKD | 6.125 | 06/01/2027 | | 9.281 | | 12 | 1020 | |
| 08/08/2003 | CHICAGO ILL O HARE INTL ARPT SPL FAC REV REF-DELTA AIR LINES INC TERM | 6.450 | 05/01/2018 | | 9.219 | | 8 | 265 | |
| 09/09/2003 | NEW YORK ST DORM AUTH REVS FHA INSD MTG-ELLIS HOSP | 5.500 | 08/01/2015 | | 9.189 | | 4 | 505 | |
| 07/31/2003 | WISCONSIN ST HEALTH & EDL FACS AUTH REV AURORA HEALTH CARE INC-SER A | 5.600 | 02/15/2029 | | 9.170 | | 7 | 195 | |
| 07/30/2003 | TOBACCO SETTLEMENT FING CORP N J ASSET BKD | 5.750 | 06/01/2032 | | 9.119 | | 6 | 590 | |
| 07/15/2003 | SACRAMENTO CALIF MUN UTIL DIST ELEC REV | 5.100 | 12/01/2011 | | 9.100 | | 4 | 20 | |
| 07/15/2003 | TSASC INC N Y REV TOB SETTLEMENT ASSET-BKD-SER 1 | 5.750 | 07/15/2032 | | 9.066 | | 8 | 130 | |
| 09/25/2003 | KENTON CNTY KY ARPT BRD ARPT REV SPL FACS-DELTA AIRLINES PJ-A | 7.125 | 02/01/2021 | | 9.043 | | 7 | 110 | |
| 09/10/2003 | MIAMI-DADE CNTY FLA AVIATION REV SER A | 5.125 | 10/01/2035 | | 9.000 | | 22 | 1365 | |
| 07/01/2003 | CONNECTICUT ST CAP APPREC-SER B | 11/01/2006 | | 8.958 | | 3 | 41 | ||
| 08/13/2003 | NEW JERSEY HEALTH CARE FACS FING AUTH REV FHA-JERSEY CITY MED CENTER | 5.000 | 08/01/2041 | | 8.886 | | 6 | 65 | |
| 09/29/2003 | PORTLAND ORE SWR SYS REV SER A | 6.250 | 06/01/2015 | | 8.851 | | 5 | 455 | |
| 08/04/2003 | MICHIGAN ST STRATEGIC FD LTD OBLIG REV REF-DETROIT EDISON POLL CTL-C | 5.450 | 09/01/2029 | | 8.750 | | 5 | 70 | |
| 08/13/2003 | CALIFORNIA ST DEPT WTR RES PWR SUPPLY REV SER A | 6.000 | 05/01/2013 | | 8.650 | | 6 | 115 | |
| 07/14/2003 | PERRY CNTY MISS POLLUTION CTL REV REF-LEAF RIVER FOREST PROJ | 5.200 | 10/01/2012 | | 8.476 | | 8 | 125 | |
| 09/11/2003 | BEAVER CNTY PA INDL DEV AUTH POLLUTN CTL REV J RAY MCDERMOTT PROJ | 6.800 | 02/01/2009 | | 8.375 | | 4 | 30 | |
| 09/18/2003 | ALLIANCE ARPT AUTH INC TEX SPL FACS REV AMERICAN AIRLINES INC PROJ | 7.500 | 12/01/2029 | | 8.330 | | 11 | 2330 | |
| 09/08/2003 | NEKOOSA WIS POLLUTN CTL REV NEKOOSA PAPERS INC PROJ-B | 5.500 | 07/01/2015 | | 8.236 | | 4 | 285 | |
| 08/13/2003 | JEFFERSON CNTY ALA SWR REV UNREFUNDED BAL-CAP IMPT-WTS | 5.000 | 02/01/2041 | | 8.227 | | 14 | 3565 | |
| 08/25/2003 | SOUTH-WESTERN CITY SCH DIST OHIO FRANKLIN & PICKWAY CNTY | 4.750 | 12/01/2026 | | 8.218 | | 10 | 590 | |
| 07/08/2003 | GRAPEVINE-COLLEYVILLE INDPT SCH DIST TEX REF | 5.125 | 08/15/2022 | | 8.215 | | 2 | 45 | |
| 07/07/2003 | CHICAGO ILL MIDWAY ARPT REV AMT-SER A | 5.125 | 01/01/2031 | | 8.210 | | 3 | 15 | |
| 07/31/2003 | EAST BAY CALIF MUN UTIL DIST WTR SYS REV SUB | 4.750 | 06/01/2028 | | 8.210 | | 7 | 80 | |
| 09/19/2003 | KENTUCKY ST TPK AUTH RES RECOVERY RD REV | 7.200 | 07/01/2009 | | 8.090 | | 3 | 100 | |
| 08/27/2003 | NORTH CHARLESTON S C MUN GOLF COURSE MTG REV | 5.500 | 05/01/2019 | | 8.083 | | 8 | 470 | |
| 08/26/2003 | SACRAMENTO CALIF MUN UTIL DIST ELEC REV | 5.500 | 02/01/2011 | | 8.040 | | 7 | 95 | |
| 08/07/2003 | LARKSPUR CALIF SCH DIST CAP APPREC-SER A | 08/01/2017 | | 8.000 | | 3 | 890 | ||
| 08/20/2003 | SPRINGDALE ARK SCH DIST NO 050 CONSTR-SER B | 3.950 | 06/01/2017 | | 8.000 | | 7 | 395 | |
| 08/20/2003 | TOBACCO SETTLEMENT AUTH WASH TOB SETTLEMENT REV ASSET BACKED | 6.500 | 06/01/2026 | | 8.000 | | 5 | 55 | |
| 09/04/2003 | TOBACCO SETTLEMENT FING CORP N J ASSET BKD | 5.750 | 06/01/2032 | | 7.981 | | 4 | 125 | |
| 09/17/2003 | TOBACCO SETTLEMENT REV MGMT AUTH S C TOB SETTLEMENT REV SER B | 6.375 | 05/15/2028 | | 7.968 | | 10 | 475 | |
| 09/15/2003 | WISCONSIN ST SER D | 05/01/2005 | | 7.900 | | 2 | 3 | ||
| 09/10/2003 | MIAMI-DADE CNTY FLA AVIATION REV SER A | 5.000 | 10/01/2033 | | 7.886 | | 7 | 1040 | |
| 08/08/2003 | MINNEAPOLIS & ST PAUL MINN MET ARPTS COMMN ARPT REV SER A | 5.000 | 01/01/2030 | | 7.850 | | 5 | 165 | |
| 08/12/2003 | LANGHORNE MANOR BORO PA HIGHER ED & HEALTH AUTH REV HOSP-LOWER BUCKS HOSP | 7.000 | 07/01/2005 | | 7.840 | | 5 | 50 |
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 :