![]() |
2003/Q3 Worst Offer-side Spreads
Here is the 2003/Q3 list of the one hundred worst "offer-side" spreads when comparing lowest offer to 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 |
Offer Side Customer Purchase from Dealer |
Spread |
# of Trades |
Volume (000) |
| 09/08/2003 | HOWARD CNTY MD UNREFUNDED BAL-CONS PUB IMPT-A | 5.000 | 02/15/2011 | | | 90.000 | 2 | 30 | |
| 09/23/2003 | ROSS CNTY OHIO HOSP REV VAR-FACS-REF IMPT-ADENA HLTH | 12/01/2031 | | | 90.000 | 5 | 2000 | ||
| 09/08/2003 | WASHINGTON ST MOTOR VEHICLE FUEL TAX-SER C | 06/01/2028 | | | 79.484 | 5 | 1550 | ||
| 08/12/2003 | NEW BRUNSWICK N J CAP APPREC-REF-GEN IMPT | 10/15/2021 | | | 76.326 | 14 | 1020 | ||
| 07/16/2003 | DENVER COLO CITY & CNTY CTFS PARTN VAR-REF-WELLINGTON E WEB-C2 | 12/01/2029 | | | 66.667 | 22 | 1950 | ||
| 07/31/2003 | MICHIGAN ST HOSP FIN AUTH REV REF-OAKWOOD OBLIG GRP-SER A | 5.000 | 08/01/2026 | | | 60.179 | 9 | 85 | |
| 08/27/2003 | KANSAS ST TPK AUTH TPK REV REF-SER A | 4.000 | 09/01/2014 | | | 54.867 | 17 | 1215 | |
| 08/06/2003 | NEW BRUNSWICK N J | 4.250 | 10/01/2016 | | | 53.608 | 3 | 160 | |
| 08/18/2003 | CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV L A CNTY DEPT PUB SOCIAL SV | 5.000 | 09/01/2035 | | | 53.138 | 18 | 800 | |
| 09/11/2003 | CALIFORNIA HSG FIN AGY REV VAR-TAXABLE-HOME MTG-SER O | 5.900 | 08/01/2012 | | | 53.100 | 4 | 2700 | |
| 08/18/2003 | CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV BAY AREA TOLL BRDGS-1ST LIE | 5.000 | 07/01/2036 | | | 52.599 | 42 | 3295 | |
| 09/26/2003 | EAST HAVEN CONN REF | 5.000 | 09/01/2015 | | | 50.383 | 6 | 1570 | |
| 09/19/2003 | SAN MATEO CNTY CALIF CMNTY COLLEGE DIST TAXABLE-TAX & REV ANTIC NTS | 10/02/2004 | | | 50.000 | 6 | 0 | ||
| 08/18/2003 | ORANGE CNTY CALIF SANTN DIST CTFS PARTN | 5.000 | 02/01/2033 | | | 49.652 | 15 | 135 | |
| 08/18/2003 | SACRAMENTO CNTY CALIF CTFS PARTN PUB FACS PROJS | 5.000 | 06/01/2029 | | | 49.437 | 19 | 240 | |
| 07/28/2003 | CONNECTICUT ST HSG FIN AUTH HSG MTG FIN PG-SER C 1 | 4.600 | 11/15/2017 | | | 48.255 | 11 | 705 | |
| 08/18/2003 | GALVESTON CNTY TEX CRIMINAL JUSTICE-SER A | 5.000 | 02/01/2028 | | | 48.041 | 39 | 1895 | |
| 09/17/2003 | CONNECTICUT ST SER D | 5.250 | 12/15/2016 | | | 46.882 | 3 | 575 | |
| 09/09/2003 | CASS CNTY MO INDL DEV AUTH INDL REV REF-NATL BENEVOLENT-FOXWOOD | 7.150 | 10/01/2012 | | | 44.317 | 6 | 150 | |
| 08/18/2003 | PRINCETON BORO N J GEN IMPT-SER A | 4.250 | 08/15/2015 | | | 41.539 | 2 | 35 | |
| 09/02/2003 | RHODE ISLAND ST HEALTH & EDL BLDG CORP REV HIGHER EDL-PROVIDENCE COLL-A | 5.000 | 11/01/2024 | | | 40.212 | 76 | 8435 | |
| 07/31/2003 | OLATHE LABETTE CNTY KANS SINGLE FAMILY MTG REV PREREFUNDED-CAP ACCUM-SER A | 02/01/2016 | | | 39.933 | 2 | 70 | ||
| 08/21/2003 | FORSYTH MONT POLLUTION CTL REV REF-PUGET SOUND ENERGY-A | 5.000 | 03/01/2031 | | | 37.322 | 33 | 2115 | |
| 09/11/2003 | NORTH KANSAS CITY MO HOSP REV NORTH KANS CITY HOSP-SER A | 4.250 | 11/15/2013 | | | 35.091 | 4 | 1025 | |
| 08/21/2003 | NEW JERSEY ECONOMIC DEV AUTH REV MOTOR VEHICLE COMMN-SER A | 07/01/2013 | | | 34.912 | 10 | 670 | ||
| 09/18/2003 | LINCOLN-SUDBURY MASS REGL SCH DIST | 4.000 | 02/15/2014 | | | 34.279 | 3 | 90 | |
| 08/18/2003 | SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV SECOND SER-ISSUE | 5.000 | 05/01/2030 | | | 33.482 | 5 | 45 | |
| 09/08/2003 | VERO BEACH FLA WTR & SWR REV | 8.000 | 12/01/2012 | | | 30.580 | 3 | 20 | |
| 09/24/2003 | ASHLAND MASS | 3.500 | 06/01/2013 | | | 29.377 | 11 | 1650 | |
| 08/28/2003 | SANTA CLARITA CALIF CMNTY COLLEGE DIST CAP APPREC-ELECTION 2001 | 08/01/2025 | | | 29.044 | 5 | 1730 | ||
| 07/16/2003 | LITTLE ROCK ARK RESIDENTL HSG FACS BRD SINGLE FAMILY MTG REV | 7.300 | 09/01/2012 | | | 26.297 | 2 | 10 | |
| 07/23/2003 | CASTRO VALLEY CALIF UNI SCH DIST ELECTION 1998 | 4.000 | 08/01/2013 | | | 24.920 | 2 | 480 | |
| 08/05/2003 | PUERTO RICO COMWLTH REF-PUB IMPT-SER C | 5.000 | 07/01/2028 | | | 23.654 | 10 | 535 | |
| 08/21/2003 | ORLANDO FLA UTILS COMMN WTR & ELEC REV REF | 5.000 | 10/01/2025 | | | 23.193 | 20 | 2160 | |
| 09/12/2003 | NORTH DAKOTA ST HSG FIN AGY REV HSG FIN PG-HOME MTG FIN-SER E | 5.150 | 07/01/2018 | | | 22.360 | 4 | 1495 | |
| 08/04/2003 | JACKSONVILLE FLA HEALTH FACS AUTH INDL DEV REV REF-CYPRESS VLG FLA PROJ | 7.000 | 12/01/2022 | | | 22.250 | 4 | 25 | |
| 07/24/2003 | SOUTH LAKE CNTY HOSP DIST FLA REV SOUTH LAKE HOSP INC | 5.800 | 10/01/2034 | | | 21.900 | 3 | 180 | |
| 08/26/2003 | CAMDEN CNTY N J MUN UTILS AUTH SWR REV CAP APPREC SER A | 09/01/2004 | | | 21.446 | 4 | 72 | ||
| 08/19/2003 | LITTLE ROCK ARK RESIDENTL HSG FACS BRD SINGLE FAMILY MTG REV PREREFUNDED-09 | 7.300 | 09/01/2011 | | | 20.497 | 6 | 30 | |
| 08/15/2003 | WAUKEGAN ILL CAP APPREC-SER A | 12/30/2020 | | | 20.196 | 5 | 820 | ||
| 08/12/2003 | ALAMEDA CORRIDOR TRANSN AUTH CALIF REV SR LIEN-SER A | 5.125 | 10/01/2018 | | | 20.109 | 2 | 710 | |
| 07/15/2003 | LOWER COLO RIV AUTH TEX REV PREREFUNDED-JR LIEN-1998 | 6.000 | 01/01/2017 | | | 19.133 | 4 | 30 | |
| 08/18/2003 | CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV BAY AREA TOLL BRDGS-1ST LIE | 3.200 | 07/01/2009 | | | 17.958 | 2 | 35 | |
| 07/15/2003 | DAYTON OHIO SPL FACS REV REF-EMERY AIR FREIGHT-SER A | 5.625 | 02/01/2018 | | | 17.860 | 6 | 180 | |
| 09/18/2003 | SAN DIEGO CALIF REGL BLDG AUTH LEASE REV REF-SAN MIGUEL CONS FIRE DIST | 4.000 | 01/01/2010 | | | 17.701 | 3 | 535 | |
| 07/02/2003 | PHOENIX ARIZ STR & HWY USER REV SR LIEN | 6.250 | 07/01/2011 | | | 17.000 | 4 | 30 | |
| 08/05/2003 | ECONOMY PA MUN AUTH SWR REV GTD | 4.750 | 12/15/2028 | | | 16.500 | 5 | 115 | |
| 09/02/2003 | OREGON ST | 7.300 | 07/01/2008 | | | 16.487 | 4 | 40 | |
| 08/18/2003 | DISTRICT COLUMBIA TOB SETTLEMENT FING CORP ASSET BKD BDS | 6.250 | 05/15/2026 | | | 16.175 | 4 | 190 | |
| 07/30/2003 | BADGER TOB ASSET SECURITIZATION CORP WIS TOB SETTLEMENT REV ASSET-BKD | 6.375 | 06/01/2032 | | | 15.497 | 11 | 2140 | |
| 07/28/2003 | BERGEN CNTY N J UTIL AUTH REV | 6.400 | 12/15/2009 | | | 15.100 | 6 | 140 | |
| 07/25/2003 | FLORIDA ST MUN PWR AGY REV ALL REQUIREMNTS PWR SPPLY PJ | 5.100 | 10/01/2025 | | | 15.038 | 13 | 2045 | |
| 07/28/2003 | PUERTO RICO HSG FIN CORP REV MTG-FHA-6TH PORTFOLIO-SECT 8 | 7.750 | 12/01/2026 | | | 14.861 | 3 | 265 | |
| 08/04/2003 | WAYNE CHARTER CNTY MICH SPL ARPT FACS REV REF-NORTHWEST AIRLINES INC | 6.750 | 12/01/2015 | | | 14.500 | 7 | 110 | |
| 08/18/2003 | PASADENA CALIF ELEC REV | 4.375 | 06/01/2008 | | | 13.677 | 2 | 50 | |
| 07/17/2003 | GARDEN ST N J PRESERVATION TR OPEN SPACE & FARMLAND PRESERVATION SER A | 5.250 | 11/01/2009 | | | 13.389 | 14 | 2235 | |
| 07/24/2003 | MICHIGAN ST BLDG AUTH REV REF-FACS PROG-SER I | 5.000 | 10/15/2010 | | | 13.173 | 16 | 4630 | |
| 09/04/2003 | RUTGERS ST UNIV N J REF | 5.000 | 05/01/2014 | | | 12.932 | 8 | 610 | |
| 08/28/2003 | BADGER TOB ASSET SECURITIZATION CORP WIS TOB SETTLEMENT REV ASSET-BKD | 6.125 | 06/01/2027 | | | 12.782 | 9 | 220 | |
| 08/08/2003 | NORTHWEST PKWY PUB HWY AUTH COLO REV CAP APPREC-SR CONVERTIBLE-C | 06/15/2015 | | | 12.764 | 2 | 45 | ||
| 09/10/2003 | SAN MARCOS CALIF PUB FING AUTH REV SER A | 6.250 | 09/02/2022 | | | 12.742 | 20 | 1755 | |
| 09/18/2003 | SUSSEX CNTY N J MUN UTILS AUTH WASTEWATER FACS REV SER G | 3.200 | 12/01/2011 | | | 12.591 | 6 | 130 | |
| 08/20/2003 | PHOENIX ARIZ STR & HWY USER REV | 6.500 | 07/01/2009 | | | 12.520 | 3 | 60 | |
| 07/18/2003 | CHARLOTTE N C SPL FACS REV DOUGLAS INTL ARPT-US AIRWAYS | 7.750 | 02/01/2028 | | | 12.500 | 2 | 10 | |
| 09/22/2003 | DALLAS-FORT WORTH TEX INTL ARPT FAC IMPT CORP REV AMERICAN AIRLINES INC | 7.250 | 11/01/2030 | | | 12.500 | 7 | 160 | |
| 09/17/2003 | TOBACCO SETTLEMENT FING CORP N J ASSET BKD | 5.375 | 06/01/2018 | | | 12.141 | 7 | 395 | |
| 08/07/2003 | ILLINOIS HEALTH FACS AUTH REV FRANCISCAN SISTERS HLTH CARE-C | 5.750 | 09/01/2018 | | | 11.954 | 3 | 245 | |
| 09/30/2003 | ILLINOIS EDL FACS AUTH REVS ADJ-MED TERM-NORTHWESTN UNIV | 4.950 | 11/01/2008 | | | 11.808 | 3 | 500 | |
| 08/20/2003 | TOBACCO SETTLEMENT FING CORP N J ASSET BKD | 5.375 | 06/01/2018 | | | 11.360 | 4 | 40 | |
| 08/06/2003 | NEW YORK ST DORM AUTH REVS FHA-HOSP-N Y & PRESBYTERIAN | 4.750 | 08/01/2027 | | | 11.300 | 102 | 3585 | |
| 09/03/2003 | COLORADO WTR RES PWR DEV AUTH CLEAN WTR REV SER A | 5.250 | 09/01/2011 | | | 11.086 | 6 | 210 | |
| 08/18/2003 | CALIFORNIA ST REF-MBIA IBC | 4.250 | 12/01/2007 | | | 11.070 | 9 | 750 | |
| 08/15/2003 | PUERTO RICO COMWLTH MBIA-IBC | 5.400 | 07/01/2025 | | | 10.927 | 3 | 130 | |
| 09/22/2003 | DETROIT MICH CONVENTION FAC REV REF-COBO HALL | 3.200 | 09/30/2010 | | | 10.916 | 18 | 2775 | |
| 09/24/2003 | MC KINNEY TEX INDPT SCH DIST REF | 5.375 | 02/15/2015 | | | 10.741 | 2 | 250 | |
| 07/29/2003 | REGIONAL TRANSN AUTH ILL SER A | 5.000 | 07/01/2008 | | | 10.710 | 4 | 255 | |
| 09/03/2003 | NEW JERSEY ECONOMIC DEV AUTH ECONOMIC DEV REV AMERICAN AIRLINES INC PROJ | 7.100 | 11/01/2031 | | | 10.625 | 18 | 965 | |
| 09/18/2003 | WEST SACRAMENTO CALIF IMPT BD ACT 1915 ASSMT DIST 90-1 | 8.400 | 09/02/2012 | | | 10.621 | 2 | 50 | |
| 08/25/2003 | NEW JERSEY ECONOMIC DEV AUTH SPL FAC REV CONTINENTAL AIRLINES INC PJ | 6.250 | 09/15/2029 | | | 10.545 | 4 | 140 | |
| 08/01/2003 | NORTH CAROLINA EASTN MUN PWR AGY PWR SYS REV REF-SER A | 5.625 | 01/01/2024 | | | 10.491 | 3 | 30 | |
| 07/10/2003 | VERMONT MUN BD BK SER 2 | 3.300 | 12/01/2013 | | | 10.422 | 19 | 1230 | |
| 09/26/2003 | TOBACCO SETTLEMENT AUTH WASH TOB SETTLEMENT REV ASSET BACKED | 6.625 | 06/01/2032 | | | 10.419 | 15 | 475 | |
| 09/03/2003 | DALLAS-FORT WORTH TEX INTL ARPT FAC IMPT CORP REV AMERICAN AIRLINES INC | 6.000 | 11/01/2014 | | | 10.370 | 7 | 115 | |
| 07/23/2003 | CUYAHOGA CNTY OHIO HOSP REV DEACONESS HOSP PROJ | 6.750 | 11/01/2009 | | | 10.321 | 3 | 40 | |
| 09/05/2003 | KENTUCKY ST TPK AUTH TOLL RD REV | 6.125 | 07/01/2008 | | | 10.280 | 4 | 155 | |
| 07/10/2003 | CALVERT CNTY MD ECONOMIC DEV REV ASBURY-SOLOMONS ISLAND FAC PJ | 8.625 | 01/01/2024 | | | 10.265 | 6 | 30 | |
| 07/23/2003 | BADGER TOB ASSET SECURITIZATION CORP WIS TOB SETTLEMENT REV ASSET-BKD | 6.000 | 06/01/2017 | | | 10.261 | 16 | 315 | |
| 07/08/2003 | MARICOPA CNTY ARIZ UNI SCH DIST NO 48 SCOTTSDALE REF-SER B | 4.000 | 07/01/2013 | | | 10.221 | 12 | 1310 | |
| 07/03/2003 | GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV ASSET-BKD-SER A- | 5.000 | 06/01/2013 | | | 10.194 | 3 | 200 | |
| 09/26/2003 | CLEVELAND OHIO ARPT SPL REV CONTINENTAL AIRLINES INC PJ | 5.375 | 09/15/2027 | | | 10.096 | 5 | 170 | |
| 08/29/2003 | BUENA PK CALIF SPL TAX CMNTY FACS DIST 01-1-PARK MALL | 09/01/2033 | | | 10.050 | 40 | 2290 | ||
| 08/08/2003 | DAYTON OHIO SPL FACS REV REF-AIR FREIGHT-E-CONV-9/3/96 | 6.050 | 10/01/2009 | | | 10.002 | 4 | 125 | |
| 07/08/2003 | WARREN MICH WTR & SWR REV | 5.250 | 11/01/2015 | | | 10.000 | 3 | 150 | |
| 07/10/2003 | PUERTO RICO PUB FIN CORP REF-SER B | 4.200 | 08/01/2011 | | | 10.000 | 8 | 505 | |
| 07/10/2003 | PUERTO RICO PUB FIN CORP REF-SER B | 4.450 | 08/01/2012 | | | 10.000 | 3 | 240 | |
| 07/22/2003 | ST MARYS KANS HEALTH CARE FACS REV REF-ST MARYS HEALTH CTR PROJ | 4.250 | 07/01/2009 | | | 10.000 | 11 | 105 | |
| 07/22/2003 | ST MARYS KANS HEALTH CARE FACS REV REF-ST MARYS HEALTH CTR PROJ | 4.500 | 07/01/2010 | | | 10.000 | 8 | 110 | |
| 07/30/2003 | TEXAS ST REF-TAXABLE-WTR FINL-ASSIST-B | 3.950 | 08/01/2014 | | | 10.000 | 2 | 40 | |
| 08/13/2003 | DEL MAR TEX COLLEGE DIST | 2.000 | 08/15/2005 | | | 10.000 | 4 | 540 | |
| 08/20/2003 | NEW YORK N Y SER J | 5.350 | 08/01/2012 | | | 10.000 | 4 | 300 |
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 :