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2003 Worst Offer-side Spreads
Here is the 2003 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) |
| 06/02/2003 | NEW JERSEY ST TPK AUTH TPK REV SER C | 6.500 | 01/01/2016 | | | 108.858 | 5 | 65 | |
| 05/29/2003 | WISCONSIN CTR DIST WIS TAX REV JR DEDICATED-SER B | 5.750 | 12/15/2027 | | | 104.520 | 5 | 105 | |
| 05/29/2003 | LAKELAND FLA ELEC & WTR REV REF & IMPT-JR SUB LIEN-SER B | 5.625 | 10/01/2019 | | | 103.572 | 4 | 400 | |
| 05/29/2003 | JEFFERSON CNTY ALA SWR REV WTS-SER D | 5.750 | 02/01/2027 | | | 102.987 | 3 | 265 | |
| 10/27/2003 | GEORGIA MUN ELEC AUTH PWR REV CAP APPREC-REF-SER B | 01/01/2013 | | | 101.646 | 6 | 430 | ||
| 05/30/2003 | PUERTO RICO COMWLTH REF-PUB IMPT-SER C | 5.000 | 07/01/2021 | | | 101.287 | 4 | 950 | |
| 05/29/2003 | PORT HOUSTON AUTH TEX HARRIS CNTY REV PORT IMPT-SER A | 5.500 | 10/01/2024 | | | 100.792 | 4 | 100 | |
| 05/29/2003 | CALIFORNIA ST | 5.000 | 02/01/2013 | | | 100.725 | 14 | 31805 | |
| 06/02/2003 | DELAWARE RIV PORT AUTH PA & NJ REV | 5.500 | 01/01/2026 | | | 100.595 | 8 | 205 | |
| 06/02/2003 | HOPEWELL VALLEY N J REGL SCH DIST | 5.800 | 05/01/2006 | | | 100.550 | 5 | 125 | |
| 10/08/2003 | NEW YORK N Y REVERT PRAMS 5.00% 9/15/28-115 | 09/15/2028 | | | 100.500 | 8 | 320 | ||
| 06/02/2003 | HOLYOKE MASS | 5.250 | 08/01/2006 | | | 100.263 | 5 | 250 | |
| 05/29/2003 | NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV SER A | 6.000 | 06/15/2025 | | | 100.018 | 3 | 215 | |
| 05/30/2003 | MASSACHUSETTS ST HEALTH & EDL FACS AUTH REV NORTHEASTERN UNIV-SER I | 5.000 | 10/01/2019 | | | 99.584 | 5 | 425 | |
| 05/29/2003 | MICHIGAN ST HOSP FIN AUTH REV HOSP-ST JOHN HOSP & MED CTR-A | 5.250 | 05/15/2026 | | | 99.479 | 6 | 105 | |
| 06/03/2003 | INDIANAPOLIS IND LOC PUB IMPT BD BK SER D | 4.900 | 01/01/2007 | | | 99.417 | 5 | 1250 | |
| 05/29/2003 | CALIFORNIA ST | 4.250 | 09/01/2008 | | | 99.327 | 5 | 820 | |
| 06/02/2003 | ILLINOIS HEALTH FACS AUTH REV FHA INSD MTG-SINAI HEALTH SYS | 6.000 | 02/15/2024 | | | 99.300 | 2 | 35 | |
| 06/03/2003 | GWINNETT CNTY GA WTR & SEW AUTH REV | 5.000 | 08/01/2015 | | | 98.730 | 2 | 40 | |
| 06/02/2003 | MONTGOMERY TWP N J BRD ED | 5.000 | 04/01/2026 | | | 97.953 | 9 | 200 | |
| 06/03/2003 | CHICAGO ILL BRD ED CHICAGO SCH REFORM-SER A | 5.250 | 12/01/2027 | | | 97.602 | 4 | 630 | |
| 06/02/2003 | CALIFORNIA ST | 5.250 | 06/01/2018 | | | 97.580 | 6 | 1200 | |
| 05/29/2003 | PORT AUTH N Y & N J CONS-98TH SER | 5.900 | 08/01/2007 | | | 97.305 | 4 | 470 | |
| 05/29/2003 | ROCKFORD ILL SCH DIST NO 205 | 4.100 | 02/01/2009 | | | 97.123 | 5 | 450 | |
| 06/02/2003 | RIO RANCHO N MEX WTR & WASTEWTR SYS REV REF | 5.250 | 05/15/2018 | | | 97.094 | 2 | 50 | |
| 06/02/2003 | TEXAS WTR DEV BRD REV ST REVOLVING FD-SR LIEN-B | 5.125 | 07/15/2018 | | | 96.375 | 5 | 2250 | |
| 06/02/2003 | FLORIDA ST BRD ED CAP OUTLAY PUB ED-SER C | 4.750 | 06/01/2029 | | | 96.358 | 9 | 295 | |
| 06/02/2003 | NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV FUTURE TAX SECD-SER B | 5.000 | 05/01/2026 | | | 96.330 | 5 | 405 | |
| 05/29/2003 | SAN DIEGO CALIF PUB FACS FING AUTH WTR REV SUB | 5.000 | 08/01/2023 | | | 96.028 | 4 | 365 | |
| 06/02/2003 | NEW JERSEY WASTEWATER TREATMENT TR LN REV INSD-SER B | 6.375 | 04/01/2014 | | | 95.886 | 5 | 125 | |
| 06/02/2003 | CHICAGO ILL O HARE INTL ARPT REV REF-GEN ARPT THIRD LIEN-SER A | 5.375 | 01/01/2032 | | | 95.760 | 10 | 85 | |
| 05/29/2003 | NEW YORK ST DORM AUTH REVS MEM SLOAN KETTERING-1-MBIA IBC | 4.000 | 07/01/2015 | | | 95.518 | 2 | 155 | |
| 05/29/2003 | ADAMS CNTY COLO SCH DIST NO 012 REF-D-CONV TAX EXEMPT-10/16/96 | 5.200 | 12/15/2004 | | | 95.500 | 5 | 75 | |
| 06/02/2003 | NEW JERSEY HEALTH CARE FACS FING AUTH REV FHA-JERSEY CITY MED CENTER | 5.000 | 08/01/2041 | | | 95.444 | 13 | 330 | |
| 06/03/2003 | MICHIGAN ST HOSP FIN AUTH REV ASCENSION HEALTH-SER B | 5.250 | 11/15/2026 | | | 95.238 | 7 | 140 | |
| 06/03/2003 | CONNECTICUT ST SER D | 3.250 | 11/15/2007 | | | 94.817 | 3 | 45 | |
| 06/03/2003 | MERRIMACK CNTY N H | 3.000 | 12/01/2008 | | | 94.625 | 8 | 400 | |
| 05/29/2003 | DALLAS FORT WORTH TEX INTL ARPT REV JT-SER A | 5.000 | 11/01/2035 | | | 94.500 | 52 | 28655 | |
| 06/03/2003 | JEA FLA ELEC SYS REV SUB SER A-MBIA IBC | 4.500 | 10/01/2026 | | | 92.790 | 32 | 1715 | |
| 06/02/2003 | LOUISIANA ST REF-SER A | 5.000 | 04/15/2004 | | | 92.568 | 4 | 2000 | |
| 06/03/2003 | CARY N C PUB IMPT | 3.000 | 06/01/2010 | | | 92.000 | 3 | 290 | |
| 05/29/2003 | ALABAMA ST REF-SER A | 5.500 | 10/01/2003 | | | 91.520 | 4 | 120 | |
| 05/30/2003 | SOUTHBOROUGH MASS SCH | 2.250 | 06/01/2007 | | | 91.125 | 2 | 250 | |
| 05/30/2003 | MIAMI-DADE CNTY FLA AVIATION REV REF-MIAMI INTL ARPT-SER C | 2.000 | 10/01/2007 | | | 91.000 | 10 | 990 | |
| 06/03/2003 | MERRIMACK CNTY N H | 3.125 | 12/01/2012 | | | 90.875 | 6 | 270 | |
| 05/30/2003 | CENTRAL BASIN MUN WTR DIST CALIF CTFS PARTN REF-CENTRAL BASIN PROJ | 3.250 | 08/01/2013 | | | 90.829 | 5 | 350 | |
| 06/03/2003 | BALTIMORE MD BRD SCH COMMRS SCH SYS REV SER A | 2.500 | 05/01/2009 | | | 90.829 | 5 | 255 | |
| 06/03/2003 | MERRIMACK CNTY N H | 3.000 | 12/01/2011 | | | 90.750 | 4 | 550 | |
| 03/12/2003 | NEW YORK ST DORM AUTH REVS FHA-INSD MTG-BROOKLYN HOSP CTR | 5.200 | 02/01/2039 | | | 90.375 | 5 | 735 | |
| 06/02/2003 | PORTLAND ORE WTR SYS REV | 4.700 | 08/01/2003 | | | 90.125 | 4 | 210 | |
| 03/11/2003 | SAN JOSE CALIF CMNTY FACS DIST SPL TAX NO 6-GREAT OAKS-ROUTE 85 | 6.000 | 09/01/2023 | | | 90.000 | 5 | 75 | |
| 03/14/2003 | NEW YORK ST DORM AUTH REVS ST PERS INCOME TAX-ECONOMIC-A | 2.000 | 12/15/2004 | | | 90.000 | 13 | 3945 | |
| 06/13/2003 | UNIVERSITY AKRON OHIO GEN RCPTS SER A | 2.000 | 01/01/2007 | | | 90.000 | 9 | 1420 | |
| 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 | ||
| 12/24/2003 | NEW YORK N Y SER C | 5.000 | 09/15/2028 | | | 90.000 | 5 | 160 | |
| 01/24/2003 | BURLINGTON KANS POLLUTION CTL REV FLOATING RATE TR RCPTS-2002-L3 | 06/01/2031 | | | 89.992 | 2 | 4350 | ||
| 04/24/2003 | WEST GOSHEN PA SWR AUTH SWR REV GTD | 1.500 | 09/01/2005 | | | 82.397 | 2 | 350 | |
| 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 | ||
| 02/18/2003 | CHARLOTTE N C SER A | 4.500 | 07/01/2020 | | | 74.344 | 2 | 70 | |
| 01/22/2003 | WEST COAST REGL WTR SUPPLY AUTH FLA REV REF-HILLSBOROUGH CNTY PROJ | 5.750 | 10/01/2019 | | | 74.038 | 3 | 105 | |
| 06/12/2003 | CALIFORNIA ST DEPT WTR RES PWR SUPPLY REV ARS-SAVRS-D-5 | 05/01/2022 | | | 70.588 | 24 | 4860 | ||
| 10/30/2003 | POCAHONTAS PKWY ASSN VA RT 895 CONNECTOR TOLL RD REV CAP APPREC-SR-B-ACA-CB | 08/15/2024 | | | 70.336 | 7 | 355 | ||
| 04/04/2003 | PORT AUTH N Y & N J SPL OBLIG REV SPL PJ-JFK INTL AIR TERMINAL-6 | 6.250 | 12/01/2008 | | | 69.711 | 7 | 540 | |
| 02/05/2003 | MISSOURI ST HSG DEV COMMN SINGLE FAMILY MTG REV AMT-HOMEOWN LN PROG-SER A | 4.800 | 09/01/2016 | | | 69.326 | 2 | 55 | |
| 02/04/2003 | MOUNT LEBANON PA SCH DIST | 4.800 | 02/15/2031 | | | 69.250 | 17 | 315 | |
| 07/16/2003 | DENVER COLO CITY & CNTY CTFS PARTN VAR-REF-WELLINGTON E WEB-C2 | 12/01/2029 | | | 66.667 | 22 | 1950 | ||
| 01/07/2003 | COLQUITT CNTY GA DEV AUTH REV ZERO CPN-SUB-C RMKT-03/23/92 | 12/01/2021 | | | 66.247 | 14 | 865 | ||
| 07/31/2003 | MICHIGAN ST HOSP FIN AUTH REV REF-OAKWOOD OBLIG GRP-SER A | 5.000 | 08/01/2026 | | | 60.179 | 9 | 85 | |
| 04/28/2003 | DISTRICT COLUMBIA TOB SETTLEMENT FING CORP ASSET BKD BDS | 6.750 | 05/15/2040 | | | 59.900 | 17 | 1780 | |
| 10/24/2003 | MISSISSIPPI HSG FIN CORP SINGLE FAMILY MTG PUR REV CAP APPREC-PREREFUNDED | 09/15/2016 | | | 58.348 | 3 | 130 | ||
| 10/07/2003 | OSSINING TWN N Y PUB IMPT | 4.500 | 05/15/2023 | | | 58.158 | 4 | 310 | |
| 11/05/2003 | BENTON CNTY WASH PUB UTIL DIST NO 001 ELEC REV REF | 6.000 | 11/01/2004 | | | 55.008 | 4 | 6 | |
| 08/27/2003 | KANSAS ST TPK AUTH TPK REV REF-SER A | 4.000 | 09/01/2014 | | | 54.867 | 17 | 1215 | |
| 01/24/2003 | WEATHERFORD TEX INDPT SCH DIST CAP APPREC-REF | 02/15/2019 | | | 54.676 | 4 | 215 | ||
| 12/19/2003 | PROVIDENCE R I SER B | 5.350 | 01/15/2007 | | | 54.000 | 9 | 1155 | |
| 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 | |
| 01/22/2003 | LOS ANGELES CALIF DEPT WTR & PWR ELEC PLT REV UNREF BAL-2ND-MBIA IBC BNY | 4.750 | 10/15/2020 | | | 51.500 | 3 | 150 | |
| 09/26/2003 | EAST HAVEN CONN REF | 5.000 | 09/01/2015 | | | 50.383 | 6 | 1570 | |
| 10/03/2003 | CONNECTICUT ST SER E | 4.150 | 08/15/2019 | | | 50.116 | 4 | 55 | |
| 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 | |
| 06/26/2003 | SMITHFIELD R I | 5.000 | 10/15/2006 | | | 49.232 | 3 | 65 | |
| 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 | |
| 04/11/2003 | PUERTO RICO COMWLTH HWY & TRANSN AUTH HWY REV REF-SER AA-AMBAC | 5.000 | 07/01/2035 | | | 43.895 | 98 | 52900 | |
| 05/27/2003 | CALIFORNIA ST DEPT WTR RES PWR SUPPLY REV ARS-SAVRS-D-5 | 05/01/2022 | | | 42.857 | 2 | 300 | ||
| 08/18/2003 | PRINCETON BORO N J GEN IMPT-SER A | 4.250 | 08/15/2015 | | | 41.539 | 2 | 35 | |
| 01/16/2003 | NEW YORK N Y SER F | 5.300 | 01/15/2026 | | | 40.625 | 60 | 6130 | |
| 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 | |
| 01/30/2003 | PORT OF BAY CITY AUTH TEX MATAGORDA CNTY REV HOECHST CELANESE CORP PROJ | 6.500 | 05/01/2026 | | | 40.000 | 4 | 280 | |
| 02/11/2003 | LAREDO TEX WTRWKS REV REF-SYS | 5.250 | 04/01/2008 | | | 40.000 | 3 | 50 | |
| 07/31/2003 | OLATHE LABETTE CNTY KANS SINGLE FAMILY MTG REV PREREFUNDED-CAP ACCUM-SER A | 02/01/2016 | | | 39.933 | 2 | 70 |
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 :