Worst One Hundred Spread Offenders for 2004/Q1

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2004/Q1 Worst Bid/Offer Spreads

Here is the 2004/Q1 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)
03/10/2004	566823-NW-6	MARICOPA CNTY ARIZ INDL DEV AUTH MULTI FAMILY HSG REV VAR-GRAN VICTORIA HSG	5.900	04/15/2030	.900 / .900	100.000 / 100.000	99.100	2	700
01/20/2004	451295-RA-9	IDAHO HEALTH FACS AUTH REV VAR-REF-TRINITY HEALTH GRP-A		12/01/2036	1.000 / 100.000	100.000 / 100.000	99.000	5	1225
02/09/2004	040504-EW-8	ARIZONA EDL LN MARKETING CORP EDL LN REV VAR-TAXABLE-SR-SER-E-1		12/01/2037	1.000 / 100.000	99.996 / 100.000	99.000	9	1000
03/25/2004	64982P-SG-8	NEW YORK ST DORM AUTH LEASE REV VAR-MUN HLTH FACS IMPT-SER 2-2		01/15/2023	25.000 / 100.000	100.000 / 100.000	75.000	8	1150
03/05/2004	254839-ZC-0	DISTRICT COLUMBIA REV CAP APPREC-UNIV-GEORGETOWN-A		04/01/2021	41.040 / 41.041	41.569 / 110.980	69.940	9	2325
03/05/2004	646139-PY-5	NEW JERSEY ST TPK AUTH TPK REV SER A	5.500	01/01/2025	107.300 / 107.300	170.924 / 170.924	63.624	2	30
02/26/2004	764595-AC-8	RICHMOND CNTY GA DEV AUTH REV ZERO CPN-1ST MTG-A-RMK12/15/92		12/01/2021	41.568 / 41.568	102.803 / 102.803	61.235	2	305
03/15/2004	59259R-BE-3	METROPOLITAN TRANSN AUTH N Y REV REF-INSD-SER A	5.000	11/15/2030	65.576 / 103.291	106.799 / 108.375	42.799	5	85
02/24/2004	560211-HB-3	MAHTOMEDI MINN INDPT SCH DIST NO 832 CAP APPREC-SER B		02/01/2016	60.550 / 60.550	63.453 / 101.069	40.519	8	1565
02/05/2004	80189N-AC-8	SANTA FE CNTY N MEX MULTIFAMILY REV HSG-VILLA GRANDE APTS PJ	7.250	11/15/2016	1.000 / 1.000	40.000 / 40.000	39.000	5	25
02/03/2004	455284-AC-3	INDIANAPOLIS IND MULTI-FAMILY REV HSG-SUNRISE APTS PROJ-SER A	6.800	06/01/2019	2.375 / 2.375	36.560 / 36.560	34.185	4	60
03/05/2004	20786L-AB-7	CONNECTOR 2000 ASSN INC S C TOLL RD REV SR-SOUTHN CONNECTOR PJ-SER A	5.375	01/01/2038	34.000 / 62.000	64.000 / 65.000	31.000	12	2715
02/24/2004	678908-UZ-5	OKLAHOMA DEV FIN AUTH REV CONTINUING CARE RETIREMENT-A	7.250	02/01/2016	73.500 / 73.500	100.875 / 100.875	27.375	4	70
03/17/2004	79875L-AA-7	SAN MARCOS CALIF PUB FING AUTH REV SER A	6.250	09/02/2022	100.250 / 118.521	121.771 / 126.773	26.523	6	645
02/24/2004	077001-AY-1	BEECHNUT MUN UTIL DIST TEX EXCHANGEABLE	11.250	03/01/2002	62.000 / 62.000	88.500 / 88.500	26.500	4	20
03/05/2004	79306E-DG-6	ST PAUL MINN PORT AUTH INDL DEV REV SER C-1996 LOTTERY	10.000	12/01/2006	72.270 / 90.000	75.250 / 98.000	25.730	6	50
02/03/2004	948804-AD-1	WEIRTON W VA POLLUTN CTL REV REF-WEIRTON STEEL CORP PJ	.500	04/01/2012	28.150 / 52.000	52.000 / 53.500	25.350	19	5361
01/20/2004	081516-AD-8	BEN HILL CNTY GA DEV AUTH HEALTHCARE FAC REV CHAMBER HEALTH CARE SOC INC-A	7.750	08/01/2029	54.860 / 54.860	79.000 / 80.000	25.140	11	425
01/29/2004	948804-AD-1	WEIRTON W VA POLLUTN CTL REV REF-WEIRTON STEEL CORP PJ	.500	04/01/2012	29.750 / 50.000	30.000 / 52.750	23.000	12	807
03/18/2004	13077Y-AA-4	CALIFORNIA STATEWIDE CMNTYS DEV AUTH SPL FACS REV UTD AIR LINES INC-LOS ANG	5.625	10/01/2034	13.800 / 14.300	16.560 / 36.338	22.538	8	1250
01/12/2004	238259-2B-0	DAUPHIN CNTY PA GEN AUTH REV HOTEL & CONF CTR-HYATT REGENCY	6.200	01/01/2029	41.000 / 59.750	63.125 / 63.125	22.125	9	515
01/07/2004	181004-BG-6	CLARK CNTY NEV INDL DEV REV NEVADA PWR CO PJ-A-ACA-CBI	5.600	10/01/2030	81.000 / 100.000	81.250 / 102.350	21.350	8	605
01/15/2004	363716-AW-1	GALLATIN MO CTFS PARTN NAT GAS DISTR & TRANSMISSION	7.300	12/01/2018	53.800 / 53.800	75.000 / 75.000	21.200	5	125
02/19/2004	251174-AV-0	DETROIT MICH LOC DEV FIN AUTH SUB-TAX INCREMENT-SER A	5.500	05/01/2021	79.900 / 79.900	83.780 / 101.000	21.100	5	115
02/19/2004	948804-AD-1	WEIRTON W VA POLLUTN CTL REV REF-WEIRTON STEEL CORP PJ	.500	04/01/2012	34.000 / 44.750	4.000 / 54.480	20.480	20	471
01/07/2004	888805-AG-3	TOBACCO SETTLEMENT AUTH IOWA TOB SETTLEMENT REV ASSET-BKD-SER B	5.600	06/01/2035	81.000 / 82.092	86.000 / 100.000	19.000	12	630
02/26/2004	54473E-GN-8	LOS ANGELES CNTY CALIF PUB WKS FING AUTH LEASE REV MULTIPLE CAP FACS PROJ V	6.500	05/01/2011	102.482 / 102.482	121.313 / 121.313	18.831	3	1200
03/23/2004	88880P-AC-8	TOBACCO SETTLEMENT FING CORP LA REV ASSET-BKD-SER B	5.875	05/15/2039	85.535 / 89.567	93.000 / 104.259	18.724	21	2335
03/31/2004	544628-DT-4	LOS ANGELES CALIF REGL ARPTS IMPT CORP LEASE REV UTD AIRLS-LA INTL-ACR 8/1/	8.800	11/15/2021	39.000 / 39.000	57.520 / 57.520	18.520	8	1360
02/24/2004	548100-2M-7	LOWER COLO RIV AUTH TEX REV PREREFUNDED-JR LIEN-1997	6.000	01/01/2017	105.020 / 105.020	123.215 / 123.215	18.195	5	80
02/04/2004	360052-AG-9	FULTON CNTY GA DEV AUTH SPL FACS REV DELTA AIR LINES INC PROJ	6.950	11/01/2012	72.090 / 72.090	89.246 / 89.996	17.906	6	165
03/16/2004	610218-AH-2	MONONGALIA CNTY W VA BLDG COMMN REV SER A	6.000	11/15/2027	80.500 / 80.500	97.750 / 97.750	17.250	8	96
01/30/2004	239874-AP-5	DAYTON OHIO SPL FACS REV REF-EMERY AIR FREIGHT-SER A	5.625	02/01/2018	74.520 / 88.250	77.520 / 91.250	16.730	7	120
01/08/2004	363716-AW-1	GALLATIN MO CTFS PARTN NAT GAS DISTR & TRANSMISSION	7.300	12/01/2018	79.000 / 93.750	95.500 / 95.500	16.500	7	130
03/01/2004	836520-FA-9	SOUTH BEND IND ECONOMIC DEV REV SER A	6.000	11/15/2022	82.500 / 82.500	99.000 / 99.000	16.500	6	30
03/12/2004	382065-AA-8	GOOCHLAND CNTY VA INDL DEV AUTH INDL DEV REV REF-NEKOOSA PACKAGING CORP	5.650	12/01/2025	80.000 / 91.500	93.475 / 96.000	16.000	10	460
02/11/2004	13016N-BV-5	CALIFORNIA CNTY CALIF TOB SECURITIZATION AGY TOB SETTLEMENT REV ASSET-BKD-A	4.750	06/01/2019	83.500 / 83.500	99.252 / 99.252	15.752	5	155
03/31/2004	544628-EZ-9	LOS ANGELES CALIF REGL ARPTS IMPT CORP LEASE REV REF-UNITED AIR LINES-L A I	6.875	11/15/2012	37.400 / 53.000	41.000 / 53.000	15.600	8	410
02/04/2004	196630-PP-6	COLORADO SPRINGS COLO UTILS REV	6.600	11/15/2018	109.200 / 109.200	124.498 / 124.498	15.298	5	40
02/12/2004	742501-BE-8	PRINCETON W VA HOSP REV CMNTY HOSP ASSOC INC PJ	6.000	05/01/2019	55.250 / 55.250	70.500 / 70.500	15.250	6	180
02/09/2004	786004-HG-9	SACRAMENTO CALIF MUN UTIL DIST ELEC REV	6.750	03/01/2010	100.000 / 100.000	115.064 / 115.064	15.064	2	80
03/05/2004	639905-BZ-0	NEENAH WIS JT SCH DIST REF	4.600	03/01/2011	94.000 / 94.000	94.000 / 108.887	14.887	3	1270
02/11/2004	360052-AG-9	FULTON CNTY GA DEV AUTH SPL FACS REV DELTA AIR LINES INC PROJ	6.950	11/01/2012	78.500 / 90.348	90.014 / 93.058	14.558	10	255
02/24/2004	649653-FU-1	NEW YORK N Y SER B	7.250	10/01/2006	98.188 / 98.188	100.188 / 112.529	14.341	7	270
01/13/2004	161044-BF-8	CHARLOTTE N C SPL FACS REV DOUGLAS INTL ARPT-US AIRWAYS	7.750	02/01/2028	62.500 / 62.500	76.800 / 76.800	14.300	5	125
01/20/2004	888808-AT-9	TOBACCO SETTLEMENT FING CORP N J ASSET BKD	6.125	06/01/2042	82.000 / 91.837	82.000 / 96.076	14.076	10	455
01/26/2004	092597-AA-1	BLACKWATER HSG CORP FLA HSG REV SER A	6.500	06/01/2025	26.500 / 26.500	40.500 / 40.500	14.000	6	50
02/25/2004	340736-VK-0	FLORIDA HSG FIN AGY MULTIFAM HSG-SR LIEN-SER I-1	6.600	07/01/2028	86.000 / 86.000	100.000 / 100.000	14.000	4	90
03/02/2004	826310-AE-4	SIERRA FOOTHILLS CALIF PUB FING AUTH CTFS PARTN SER A	8.000	12/15/2005	22.000 / 33.200	36.000 / 36.000	14.000	3	100
03/29/2004	605343-TT-9	MISSISSIPPI DEV BK SPL OBLIG CAP PJS & EQUIP ACQUISITION-A2	5.000	07/01/2024	94.830 / 94.830	100.000 / 108.684	13.854	7	80
02/17/2004	953564-CY-5	WEST KNOX UTIL DIST KNOX CNTY TENN WTR & SWR REV CAP APPREC-REF & IMPT-SER		12/01/2010	61.511 / 61.511	75.364 / 75.364	13.853	4	12
01/05/2004	791649-HC-3	ST LOUIS MO INDL DEV AUTH REV SR LIEN-ST LOUIS CONVENTION-A	7.200	12/15/2028	88.000 / 88.000	101.750 / 101.750	13.750	2	35
03/24/2004	785652-BV-9	SABINE RIVER AUTH TEX POLLUTN CTL REV REF-TXU ELECTRIC PJ-SER A	6.450	06/01/2021	95.000 / 95.000	107.500 / 108.750	13.750	6	175
03/10/2004	888808-BK-7	TOBACCO SETTLEMENT FING CORP N J	6.750	06/01/2039	88.500 / 99.250	101.520 / 102.046	13.546	16	890
02/05/2004	235035-AF-9	DALLAS-FORT WORTH TEX INTL ARPT FAC IMPT CORP REV DELTA AIR LINES INC	7.125	11/01/2026	71.000 / 81.500	76.186 / 84.500	13.500	9	145
02/18/2004	452010-SK-8	ILLINOIS HSG DEV AUTH MULTI-FAMILY HSG	5.000	07/01/2025	85.500 / 85.500	87.500 / 99.000	13.500	3	20
02/25/2004	967005-AM-1	WICHITA CNTY TEX HEALTH FACS DEV CORP REV REF-ROLLING MEADOWS FAC-SER A	6.250	01/01/2028	86.550 / 97.750	88.920 / 100.000	13.450	6	60
03/31/2004	544712-JC-7	LOS ANGELES CNTY CALIF MET TRANSN AUTH SALES TAX REV REF-PROP A-FIRST TIER-	5.250	07/01/2027	100.747 / 100.747	105.500 / 114.016	13.269	3	65
01/07/2004	13033J-SJ-2	CALIFORNIA HEALTH FACS FING AUTH REV HOSP OF THE GOOD SAMARITAN	7.000	09/01/2021	86.750 / 86.750	100.000 / 100.000	13.250	3	70
03/08/2004	074876-BP-7	BEAVER CNTY PA INDL DEV AUTH POLLUTN CTL REV J RAY MCDERMOTT PROJ	6.800	02/01/2009	79.000 / 79.000	82.000 / 92.250	13.250	6	40
02/09/2004	716220-BK-3	PETERSBURG IND POLLUTN CTL REV IND PWR & LT-CONV 08/01/01	6.375	11/01/2029	104.130 / 104.130	117.344 / 117.344	13.214	4	150
03/03/2004	546279-GL-8	LOUISIANA LOC GOVT ENVIRONMENTAL FACS & CMNTY DEV AUTH REV CAP PJS & EQUIP	6.300	07/01/2030	110.010 / 110.010	113.000 / 123.139	13.129	7	190
03/12/2004	686076-CY-4	OREGON ST ECONOMIC DEV REV VAR-GA-PACIFIC CORP-SER CLVII	6.350	08/01/2025	88.630 / 88.630	101.500 / 101.700	13.070	3	55
02/10/2004	341589-DQ-9	FLORIDA ST BRD REGT HSG REV FLA INTL UNIV	4.500	07/01/2028	89.000 / 89.000	102.000 / 102.000	13.000	3	150
01/12/2004	649834-AN-8	NEW YORK ST DORM AUTH REVS STATE UNIV EDL FACS-SER A	5.500	05/15/2011	111.270 / 111.270	112.270 / 123.994	12.724	13	1140
01/28/2004	888808-AT-9	TOBACCO SETTLEMENT FING CORP N J ASSET BKD	6.125	06/01/2042	85.328 / 90.577	91.452 / 98.000	12.672	26	905
03/25/2004	59465E-KB-8	MICHIGAN ST HOSP FIN AUTH REV HOSP-HOLLAND CMNTY HOSP	5.625	01/01/2028	97.500 / 97.500	110.126 / 110.126	12.626	2	10
01/13/2004	386442-RK-5	GRAND RIVER DAM AUTH OKLA REV REF	5.500	06/01/2013	105.000 / 105.000	117.611 / 117.611	12.611	7	95
02/11/2004	79306E-NK-6	ST PAUL MINN PORT AUTH INDL DEV REV SER F-1996 LOTTERY	8.500	09/01/2008	70.400 / 70.400	82.970 / 82.970	12.570	4	20
02/10/2004	196474-HG-8	COLORADO HEALTH FACS AUTH REV REF-NATL BENEVOLENT ASSN-B	5.250	02/01/2028	62.500 / 62.500	75.000 / 75.000	12.500	3	1020
01/26/2004	575854-AV-6	MASSACHUSETTS ST HSG FIN AGY MULTI-FAMILY HSG INSD MTG-FHA	6.500	04/01/2021	111.250 / 111.250	123.737 / 123.737	12.487	8	240
01/09/2004	821697-RM-3	SHELBY CNTY TENN HEALTH EDL & HSG FACS BRD REV MULTIFAM HSG-CAMERON KIRBY-A	5.900	07/01/2018	87.120 / 87.120	99.570 / 99.570	12.450	4	170
03/19/2004	898526-CV-8	TSASC INC N Y REV TOB SETTLEMENT ASSET-BKD-SER 1	5.500	07/15/2024	88.928 / 88.928	101.375 / 101.375	12.447	2	35
03/03/2004	73358E-BN-3	PORT AUTH N Y & N J SPL OBLIG REV SPL PJ-JFK INTL AIR TERMINAL-6	5.750	12/01/2025	98.750 / 98.750	108.570 / 111.125	12.375	4	40
01/06/2004	888805-AG-3	TOBACCO SETTLEMENT AUTH IOWA TOB SETTLEMENT REV ASSET-BKD-SER B	5.600	06/01/2035	78.728 / 83.500	82.750 / 91.099	12.371	23	2955
03/08/2004	235035-AH-5	DALLAS-FORT WORTH TEX INTL ARPT FAC IMPT CORP REV AMERICAN AIRLINES INC	7.250	11/01/2030	66.700 / 66.700	79.050 / 79.050	12.350	5	195
02/25/2004	888808-AT-9	TOBACCO SETTLEMENT FING CORP N J ASSET BKD	6.125	06/01/2042	85.456 / 88.875	89.593 / 97.750	12.294	13	285
03/29/2004	442436-VT-5	HOUSTON TEX WTR & SWR SYS REV REF-JR LIEN-SER A	5.375	12/01/2027	96.856 / 105.830	103.744 / 109.080	12.224	7	60
03/12/2004	346668-BP-0	FORSYTH MONT POLLUTION CTL REV REF-MONTANA PWR-COLSTRIP PJ-A	6.125	05/01/2023	84.780 / 84.780	96.983 / 96.983	12.203	2	90
02/24/2004	360052-AG-9	FULTON CNTY GA DEV AUTH SPL FACS REV DELTA AIR LINES INC PROJ	6.950	11/01/2012	81.060 / 81.060	93.200 / 93.200	12.140	3	80
02/24/2004	888809-AC-4	TOBACCO SETTLEMENT FING CORP RHODE IS ASSET BKD-SER A	6.250	06/01/2042	88.122 / 91.118	90.375 / 100.250	12.128	20	2255
01/13/2004	717825-NA-7	PHILADELPHIA PA HOSPS & HIGHER ED FACS AUTH REV TEMPLE UNIV CHILDRENS MED-A	5.750	06/15/2029	90.000 / 97.300	100.000 / 102.112	12.112	21	565
01/13/2004	88880P-AC-8	TOBACCO SETTLEMENT FING CORP LA REV ASSET-BKD-SER B	5.875	05/15/2039	81.263 / 90.362	89.490 / 93.331	12.068	20	2285
01/16/2004	186432-SF-8	CLEVELAND OHIO WTRWKS REV REF-FIRST MTG-SER G	5.500	01/01/2013	104.090 / 104.090	111.000 / 116.150	12.060	5	120
01/23/2004	447201-AD-6	HUNTSVILLE-CARLTON COVE ALA SPL CARE FACS FING AUTH RETIREMENT FAC REV CARL	8.125	11/15/2031	44.000 / 44.000	56.000 / 56.000	12.000	4	20
03/29/2004	360052-AJ-3	FULTON CNTY GA DEV AUTH SPL FACS REV DELTA AIRLINES INC PROJ	5.450	05/01/2023	45.000 / 45.000	57.000 / 57.000	12.000	3	235
01/21/2004	360052-AH-7	FULTON CNTY GA DEV AUTH SPL FACS REV DELTA AIRLINES INC PROJ	5.300	05/01/2013	63.030 / 70.250	75.000 / 75.000	11.970	7	115
03/11/2004	655899-BK-7	NORFOLK VA PKG SYS REV REF-SER B	5.500	02/01/2031	100.200 / 100.200	112.122 / 112.122	11.922	6	660
01/26/2004	079257-EU-1	BELLEVUE OHIO MUN BLDG	5.800	12/01/2019	105.250 / 105.250	117.160 / 117.160	11.910	4	1150
01/21/2004	263075-JR-5	DU PAGE CNTY ILL SCH DIST NO 045 VILLA PARK CAP APPREC		12/01/2013	57.229 / 57.229	69.127 / 69.127	11.898	2	0
02/26/2004	378334-KB-1	GLENDALE ARIZ UN HIGH SCH DIST NO 205 SCH IMPT-PROJ OF 2003	4.500	07/01/2015	94.573 / 103.246	106.457 / 106.457	11.884	5	715
01/22/2004	762241-6X-0	RHODE ISLAND ST HEALTH & EDL BLDG CORP REV REF-HOSP FING-ROGER WILLIAMS	5.500	07/01/2028	72.680 / 82.456	84.556 / 84.556	11.876	6	135
01/13/2004	542690-CH-3	LONG ISLAND PWR AUTH N Y ELEC SYS REV CAP APPREC-GEN-SER A		12/01/2023	30.150 / 39.750	41.998 / 41.998	11.848	6	120
01/20/2004	684228-EM-7	ORANGE CNTY CALIF CTFS PARTN LOMA RIDGE/DATA CTR PROJ	6.000	06/01/2021	108.000 / 116.468	119.843 / 119.843	11.843	4	100
01/13/2004	957366-AB-3	WESTCHESTER CNTY N Y HEALTH CARE CORP REV SR LIEN-SER A	6.000	11/01/2030	97.000 / 98.000	105.102 / 108.750	11.750	13	405
02/12/2004	649868-WK-8	NEW YORK ST HSG FIN AGY REV INSD-MULTIFAMILY MTG HSG-SER C	6.500	08/15/2024	101.650 / 101.650	101.650 / 113.295	11.645	4	55
02/17/2004	882720-EE-1	TEXAS ST VETERANS LD	6.000	12/01/2030	98.380 / 107.700	110.000 / 110.000	11.620	5	115
01/20/2004	132047-AD-3	CAMBRIA CNTY PA INDL DEV AUTH REV FIRST MTG-SENIOR CHOICE-SER A	8.250	05/01/2011	90.000 / 90.000	101.600 / 101.600	11.600	2	10
03/02/2004	879017-AZ-4	TEHACHAPI CALIF CMNTY FACS DIST SPL TAX REF-NO 89-1-SER A	7.000	10/01/1998	65.000 / 65.000	76.590 / 76.590	11.590	5	25
03/11/2004	888808-AT-9	TOBACCO SETTLEMENT FING CORP N J ASSET BKD	6.125	06/01/2042	86.210 / 91.750	92.500 / 97.750	11.540	27	770

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 :