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2003 Worst Bid-side Spreads
Here is the 2003 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) |
| 06/03/2003 | NEW JERSEY BLDG AUTH ST BLDG REV REF-SER B | 5.250 | 12/15/2006 | | 104.570 | | 4 | 100 | |
| 06/03/2003 | NEW JERSEY ST TRANSN TR FD AUTH TRANSN SYS-SER C | 5.375 | 12/15/2007 | | 102.339 | | 5 | 125 | |
| 06/03/2003 | CONNECTICUT ST UNREFUNDED BALANCE-SER A | 5.300 | 05/15/2010 | | 99.595 | | 5 | 125 | |
| 06/02/2003 | DELAWARE RIV PORT AUTH PA & NJ REV | 5.500 | 01/01/2026 | | 96.859 | | 8 | 205 | |
| 06/02/2003 | CALIFORNIA ST | 5.250 | 06/01/2018 | | 95.691 | | 6 | 1200 | |
| 06/03/2003 | NEW YORK ST ENVIRONMENTAL FACS CORP POLLUTN CTL REV STATE WTR REV-FD-A-PRER | 5.700 | 06/15/2006 | | 95.200 | | 5 | 75 | |
| 06/03/2003 | NEW YORK ST ENVIRONMENTAL FACS CORP POLLUTN CTL REV PREREFUNDED-ST WTR REV- | 5.700 | 06/15/2006 | | 95.000 | | 5 | 50 | |
| 06/03/2003 | MERRIMACK CNTY N H | 3.000 | 12/01/2008 | | 94.000 | | 8 | 400 | |
| 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 | |
| 06/02/2003 | MONTGOMERY TWP N J BRD ED | 5.000 | 04/01/2026 | | 93.302 | | 9 | 200 | |
| 06/03/2003 | HARRIS CNTY TEX REF-TOLL RD-SR LIEN | 5.000 | 08/15/2016 | | 93.122 | | 8 | 145 | |
| 01/23/2003 | LITTLETON MASS | 4.750 | 01/15/2023 | | 92.812 | | 5 | 2700 | |
| 06/02/2003 | NEW JERSEY HEALTH CARE FACS FING AUTH REV FHA-JERSEY CITY MED CENTER | 5.000 | 08/01/2041 | | 91.647 | | 13 | 330 | |
| 05/29/2003 | MIAMI-DADE CNTY FLA PARKS PROG | 5.800 | 11/01/2003 | | 91.255 | | 4 | 40 | |
| 05/28/2003 | ORLANDO & ORANGE CNTY EXPWY AUTH FLA EXPWY REV REF-SR LIEN | 5.250 | 07/01/2023 | | 90.385 | | 7 | 235 | |
| 06/10/2003 | ILLINOIS STUDENT ASSISTANCE COMMN STUDENT LN REV AUCTION RATE-SR-SER DD-I | 3.800 | 03/01/2005 | | 90.000 | | 9 | 28000 | |
| 09/23/2003 | ROSS CNTY OHIO HOSP REV VAR-FACS-REF IMPT-ADENA HLTH | 12/01/2031 | | 90.000 | | 5 | 2000 | ||
| 06/02/2003 | NEW YORK N Y SER J | 4.750 | 06/01/2033 | | 89.426 | | 51 | 13545 | |
| 04/04/2003 | NORTH CAROLINA MUN PWR AGY NO 1 CATAWBA ELEC REV | 5.750 | 01/01/2015 | | 80.000 | | 6 | 80 | |
| 02/27/2003 | WEST NEW YORK N J MUN UTILS AUTH SWR REV CAP APPREC-REF | 12/15/2020 | | 61.350 | | 4 | 310 | ||
| 04/10/2003 | CHICAGO ILL BRD ED CAP APPREC-CHICAGO SCH RFM-A | 12/01/2016 | | 55.277 | | 2 | 25 | ||
| 11/05/2003 | BENTON CNTY WASH PUB UTIL DIST NO 001 ELEC REV REF | 6.000 | 11/01/2004 | | 55.008 | | 4 | 6 | |
| 02/18/2003 | PUERTO RICO PUB FIN CORP COMWLTH APPROP-SER C | 5.800 | 08/01/2011 | | 51.590 | | 2 | 11485 | |
| 05/29/2003 | PUERTO RICO ELEC PWR AUTH PWR REV CAP APPREC-REF-SER N-MBIA-IBC | 07/01/2017 | | 49.341 | | 4 | 4835 | ||
| 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 | |
| 01/24/2003 | LONG ISLAND PWR AUTH N Y ELEC SYS REV CAP APPREC-SER A | 06/01/2022 | | 47.534 | | 3 | 5665 | ||
| 03/28/2003 | ALLIANCE ARPT AUTH INC TEX SPL FACS REV AMERICAN AIRLINES INC PROJ | 7.500 | 12/01/2029 | | 44.456 | | 4 | 2015 | |
| 01/24/2003 | LITTLE RIV CNTY ARK REV REF-GEORGIA-PACIFIC CORP PROJ | 5.600 | 10/01/2026 | | 38.491 | | 7 | 100 | |
| 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 | ||
| 02/27/2003 | ILLINOIS DEV FIN AUTH REV CAP APPREC-LOC GOVT PG-SER A | 01/01/2013 | | 34.184 | | 10 | 1090 | ||
| 12/04/2003 | BEDFORD CNTY PA REDEV AUTH REV FIRST MTG-BEDFORD SPRINGS GOLF | 6.750 | 12/15/2026 | | 34.012 | | 21 | 2475 | |
| 03/31/2003 | MICHIGAN ST HOSP FIN AUTH REV DETROIT MED CTR OBLIGATED-A | 5.000 | 08/15/2012 | | 33.923 | | 11 | 560 | |
| 09/30/2003 | NEW YORK N Y REVERT PRAMS 6% 5/15/30-SER 96 | 05/15/2030 | | 31.332 | | 2 | 35 | ||
| 12/30/2003 | SULLIVAN CNTY TENN HEALTH & EDL FACS BRD REV CONV-1ST MTG-KINGSPORT HSG-A | 8.375 | 07/01/2012 | | 29.970 | | 5 | 60 | |
| 01/06/2003 | CHARLOTTE N C SPL FACS REV REF-CHARLOTTE/DOUGLAS INTL ARP | 5.600 | 07/01/2027 | | 29.900 | | 27 | 13400 | |
| 03/10/2003 | AMERICAN NATL FISH & WILDLIFE MUSEUM DIST MO MUSEUM REV | 7.000 | 09/01/2019 | | 29.400 | | 4 | 45 | |
| 11/24/2003 | NEW YORK ST DORM AUTH REVS JUDICIAL FACS LEASE | 7.375 | 07/01/2016 | | 27.000 | | 3 | 20 | |
| 09/25/2003 | ROBBINSDALE MINN HEALTH CARE FACS REV ARS-NORTH MEM HLTH-TRANCHE I | 05/15/2033 | | 26.685 | | 3 | 1250 | ||
| 12/01/2003 | SANGAMON CNTY ILL CMNTY UNIT SCH DIST NO 5 CAP APPREC | 01/01/2008 | | 26.516 | | 2 | 200 | ||
| 11/05/2003 | MINNEAPOLIS MINN REV WALKER METHODIST SR SVCS-SER C | 5.875 | 11/15/2018 | | 25.964 | | 4 | 20 | |
| 09/25/2003 | MESA ARIZ | 5.250 | 07/01/2012 | | 25.873 | | 6 | 50 | |
| 06/24/2003 | ORANGE BEACH ALA WTR SWR & FIRE PROTN AUTH REV | 2.500 | 05/15/2009 | | 25.653 | | 3 | 900 | |
| 09/18/2003 | ROBBINSDALE MINN HEALTH CARE FACS REV ARS-NORTH MEM HLTH-TRANCHE I | 05/15/2033 | | 25.610 | | 6 | 1400 | ||
| 05/07/2003 | COOK CNTY ILL HIGH SCH DIST NO 201 CICERO | 4.100 | 12/01/2004 | | 24.864 | | 2 | 125 | |
| 12/09/2003 | DENHAM SPRINGS-LIVINGSTON HSG & MTG FIN AUTH LA SINGLE FAMILY REV | 7.200 | 08/01/2010 | | 22.714 | | 5 | 415 | |
| 06/20/2003 | NEVADA CNTY CALIF CMNTY FACS DIST SPL TAX NO 1-WILDWOOD ESTATES-SER A | 8.400 | 09/01/2019 | | 22.250 | | 5 | 555 | |
| 05/07/2003 | FULTON CNTY GA DEV AUTH SPL FACS REV DELTA AIR LINES INC PROJ | 6.950 | 11/01/2012 | | 22.000 | | 6 | 1400 | |
| 10/28/2003 | CHILDRENS TR FD P R TOB SETTLEMENT REV ASSET-BKD BDS | 5.500 | 05/15/2039 | | 21.286 | | 5 | 200 | |
| 03/31/2003 | TSASC INC N Y REV TOB SETTLEMENT ASSET-BKD-SER 1 | 5.500 | 07/15/2024 | | 21.246 | | 21 | 1480 | |
| 02/12/2003 | WA-NEE ELEM / HIGH SCH BLDG CORP IND CAP APPREC-FIRST MTG | 01/15/2011 | | 20.779 | | 4 | 80 | ||
| 05/14/2003 | MONTANA ST BRD INVT RESOURCE RECOVERY REV YELLOWSTONE ENERGY L P PROJ | 7.000 | 12/31/2012 | | 20.770 | | 4 | 60 | |
| 05/01/2003 | SIERRA FOOTHILLS CALIF PUB FING AUTH CTFS PARTN SER A | 8.250 | 12/15/2007 | | 20.522 | | 3 | 135 | |
| 02/14/2003 | KENTUCKY ECONOMIC DEV FIN AUTH HEALTH SYS REV NORTON HEALTHCARE INC-SER B | 10/01/2013 | | 20.470 | | 6 | 100 | ||
| 10/09/2003 | SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV CAP APPREC-REF-SER | 01/15/2008 | | 19.989 | | 3 | 110 | ||
| 03/11/2003 | NEW JERSEY ECONOMIC DEV AUTH REV CAP APPREC-HILLCREST HLTH SVC | 01/01/2021 | | 19.957 | | 3 | 90 | ||
| 03/12/2003 | NEW JERSEY ECONOMIC DEV AUTH SPL FAC REV CONTINENTAL AIRLINES INC PJ | 6.250 | 09/15/2029 | | 19.900 | | 4 | 80 | |
| 10/07/2003 | ELKHART CNTY IND HOSP AUTH REV REF-INDL DEV-OAKLAWN CTR PJ | 8.500 | 03/01/2026 | | 19.735 | | 6 | 100 | |
| 01/08/2003 | ALEXANDER CITY ALA WTS | 2.000 | 05/01/2006 | | 19.600 | | 4 | 720 | |
| 03/25/2003 | HARRIS CNTY TEX CAP APPREC-REF-SUB-UNLTD TAX-A | 08/15/2008 | | 19.290 | | 5 | 60 | ||
| 01/24/2003 | ST PAUL MINN PORT AUTH INDL DEV REV SER L-1996 LOTTERY | 9.750 | 12/01/2014 | | 19.000 | | 4 | 110 | |
| 06/30/2003 | MONTANA ST BRD INVT RESOURCE RECOVERY REV YELLOWSTONE ENERGY L P PROJ | 7.000 | 12/31/2012 | | 19.000 | | 3 | 55 | |
| 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 | ||
| 03/31/2003 | CHILDRENS TR FD P R TOB SETTLEMENT REV ASSET-BKD BDS | 5.500 | 05/15/2039 | | 18.695 | | 18 | 10015 | |
| 06/20/2003 | NEW YORK ST MTG AGY REV TAXABLE-FIFTEENTH SER | 8.250 | 10/01/2014 | | 18.430 | | 12 | 390 | |
| 04/01/2003 | CHILDRENS TR FD P R TOB SETTLEMENT REV ASSET-BKD BDS | 5.375 | 05/15/2033 | | 18.367 | | 16 | 9265 | |
| 10/27/2003 | ORANGE BEACH ALA WTR SWR & FIRE PROTN AUTH REV | 5.400 | 05/15/2020 | | 18.054 | | 4 | 100 | |
| 05/15/2003 | PUERTO RICO COMWLTH HWY & TRANSN AUTH HWY REV REF-SER W-MBIA-IBC | 5.500 | 07/01/2015 | | 18.000 | | 3 | 4545 | |
| 08/25/2003 | BADGER TOB ASSET SECURITIZATION CORP WIS TOB SETTLEMENT REV ASSET-BKD | 6.375 | 06/01/2032 | | 17.976 | | 19 | 1075 | |
| 06/25/2003 | MARYLAND ST TRANSN AUTH TRANSN FACS PRJS REV | 6.800 | 07/01/2016 | | 17.685 | | 7 | 40 | |
| 03/31/2003 | NEW YORK N Y CITY INDL DEV AGY SPL FAC REV BRITISH AIRWAYS PLC PJ | 5.250 | 12/01/2032 | | 17.500 | | 3 | 2020 | |
| 04/01/2003 | TOBACCO SETTLEMENT REV MGMT AUTH S C TOB SETTLEMENT REV SER B | 6.375 | 05/15/2028 | | 17.500 | | 23 | 1380 | |
| 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 | |
| 04/01/2003 | TOBACCO SETTLEMENT FING CORP LA REV ASSET-BKD-SER B | 5.875 | 05/15/2039 | | 17.000 | | 27 | 1430 | |
| 05/19/2003 | LOWER COLO RIV AUTH TEX REV PREREFUNDED-JR LIEN | 6.000 | 01/01/2017 | | 16.930 | | 4 | 35 | |
| 03/13/2003 | CAMDEN CNTY N J IMPT AUTH REV HLTH CARE REDEV PJ-COOPER HLTH | 6.000 | 02/15/2027 | | 16.894 | | 4 | 5120 | |
| 02/19/2003 | SOUTH CAROLINA JOBS-ECONOMIC DEV AUTH HEALTH FACS REV REF-1ST MTG-LUTHERAN | 5.700 | 05/01/2026 | | 16.835 | | 4 | 4130 | |
| 04/04/2003 | TOBACCO SETTLEMENT FING CORP N J ASSET BKD | 5.750 | 06/01/2032 | | 16.830 | | 34 | 2810 | |
| 10/27/2003 | GEORGIA MUN ELEC AUTH PWR REV CAP APPREC-REF-SER B | 01/01/2013 | | 16.667 | | 6 | 430 | ||
| 01/31/2003 | DALLAS-FORT WORTH TEX INTL ARPT FAC IMPT CORP REV REF-AMER AIRLINES-SER A | 5.950 | 05/01/2029 | | 16.550 | | 9 | 8125 | |
| 12/19/2003 | IDAHO FALLS IDAHO ELEC REV | 6.750 | 04/01/2019 | | 16.450 | | 4 | 360 | |
| 04/08/2003 | ARKANSAS ST DEV FIN AUTH TOB SETTLEMENT REV BIOSCIENCES INSTITUTE COLLEGE | 5.125 | 12/01/2028 | | 16.205 | | 5 | 160 | |
| 04/22/2003 | CHILDRENS TR FD P R TOB SETTLEMENT REV ASSET-BKD BDS | 4.100 | 05/15/2013 | | 16.194 | | 5 | 45 | |
| 01/28/2003 | LANCASTER CNTY NEB HOSP AUTH NO 1 HOSP REV BRYAN MEM HOSP PROJ | 6.600 | 06/01/2012 | | 16.190 | | 6 | 108 | |
| 09/02/2003 | OREGON ST | 7.300 | 07/01/2008 | | 16.112 | | 4 | 40 | |
| 03/31/2003 | TOBACCO SETTLEMENT AUTH IOWA TOB SETTLEMENT REV ASSET-BKD-SER B | 5.600 | 06/01/2035 | | 16.000 | | 33 | 1900 | |
| 03/31/2003 | NEW JERSEY ECONOMIC DEV AUTH SPL FAC REV CONTINENTAL AIRLINES INC PJ | 6.625 | 09/15/2012 | | 16.000 | | 7 | 6035 | |
| 04/07/2003 | ARKANSAS ST DEV FIN AUTH TOB SETTLEMENT REV BIOSCIENCES INSTITUTE COLLEGE | 5.125 | 12/01/2028 | | 15.913 | | 4 | 160 | |
| 04/02/2003 | TOBACCO SETTLEMENT FING CORP N J ASSET BKD | 5.000 | 06/01/2014 | | 15.868 | | 4 | 75 | |
| 02/04/2003 | LOS ANGELES CALIF REGL ARPTS IMPT CORP LEASE REV REF-FACS SUBLEASE-INTL ARP | 6.350 | 11/01/2025 | | 15.793 | | 37 | 37320 | |
| 02/21/2003 | CHILDRENS TR FD P R TOB SETTLEMENT REV ASSET-BKD BDS | 5.375 | 05/15/2033 | | 15.714 | | 15 | 3470 | |
| 07/15/2003 | SACRAMENTO CALIF MUN UTIL DIST ELEC REV | 5.500 | 02/01/2011 | | 15.435 | | 4 | 60 | |
| 04/01/2003 | TOBACCO SETTLEMENT FING CORP N J ASSET BKD | 6.125 | 06/01/2042 | | 15.336 | | 31 | 2875 | |
| 07/17/2003 | NEPHI UTAH INDL DEV REV COLONIAL MANOR HLTH CARE CTR | 7.500 | 11/01/2010 | | 15.321 | | 3 | 9 | |
| 02/18/2003 | CHILDRENS TR FD P R TOB SETTLEMENT REV ASSET BACKED BDS | 6.000 | 07/01/2026 | | 15.250 | | 7 | 511 |
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 :