Here is the list of yesterday's worst Municipal Bond spreads.

Note: Because of pressure from MunicipalBonds.com and increasing coverage about pricing problems in the Muni Markets, on June 23, 2003 the Muni industry finally started releasing full next-day trade reports. This includes a Municipal Bond that traded only once...or "1 trade" markets.

Because MunicipalBonds.com currently studies only same-day spread problems, the additional reporting of "1 trade" markets is not applicable to Worst Spread reports...there needs to be at least two trades to create and judge a spread.

All Information for Trade Date: 01/15/2008.

Worst Ten Spreads Between Lowest BID and Highest OFFER

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)
922799-KK-6	VENTNOR CITY N J	4.850	02/01/2017	52.512 / 52.512	103.606 / 103.606	51.094	4	100
505194-DD-9	LA VERNE CALIF CTFS PARTN BRETHREN HILLCREST HOME-INSD-A	5.600	02/15/2033	88.750 / 88.750	99.490 / 99.490	10.740	2	115
796422-WN-9	SAN ANTONIO TEX WTR REV PREREFUNDED-REF	6.000	05/15/2016	104.120 / 104.120	112.294 / 112.294	8.174	4	25
944314-GD-9	WAYNE CHARTER CNTY MICH ARPT REV AMT-DETROIT MET WAYNE CNTY-A	5.000	12/01/2028	97.000 / 97.000	100.000 / 104.748	7.748	10	220
130479-CH-9	CALIFORNIA MOBILEHOME PK FING AUTH REV RANCH VALLECITOS-SER A	5.250	11/15/2036	85.969 / 87.135	93.659 / 93.659	7.690	6	85
167592-YG-3	CHICAGO ILL O HARE INTL ARPT REV REF-GEN-AIRPORT-3RD LIEN-C-2	5.250	01/01/2034	96.800 / 100.000	100.810 / 104.269	7.469	20	315
05821P-BJ-8	BALDWIN PARK CALIF FING AUTH LEASE REV REF-CMNTY CTR PROJ	5.000	08/01/2034	98.000 / 98.000	105.239 / 105.239	7.239	2	20
940773-6A-7	WASHOE CNTY NEV PARK OPEN SPACE & LIBR-SER B	3.625	05/01/2014	96.300 / 96.300	103.521 / 103.521	7.221	3	60
249181-WD-6	DENVER COLO CITY & CNTY ARPT REV AMT-SER A	5.000	11/15/2025	95.315 / 99.998	101.480 / 102.511	7.196	14	225
45853J-BC-4	INTERCOMMUNITY HOSP FING AUTH CALIF CTFS PARTN	5.250	11/01/2019	93.509 / 97.066	100.550 / 100.550	7.041	8	370

Worst Ten Spreads Between Lowest and Highest BID

CUSIP	Municipal Bond Name / Description	Coupon	Maturity	Bid Side Customer Sold to Dealer (Lowest / Highest)	Spread	Offer Side Customer Purchase from Dealer (Lowest / Highest)	# of Trades	Volume (000)
888808-BM-3	TOBACCO SETTLEMENT FING CORP N J	7.000	06/01/2041	110.000 / 116.511	6.511		2	15
38122N-AQ-5	GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV ASSET-BKD-SER A-1	6.750	06/01/2039	111.750 / 117.500	5.750	117.381 / 117.597	9	165+2
888808-AR-3	TOBACCO SETTLEMENT FING CORP N J ASSET BKD	5.750	06/01/2032	104.049 / 109.448	5.399		10	180+1
89602N-HD-9	TRIBOROUGH BRDG & TUNL AUTH N Y REVS PREREF-GEN PURP-A-AMBAC TCRS	5.000	01/01/2032	102.000 / 107.138	5.138		4	180
733581-6B-3	PORT AUTH N Y & N J CONS-131ST SER	4.625	12/15/2029	91.537 / 96.570	5.033		5	1510
249181-WD-6	DENVER COLO CITY & CNTY ARPT REV AMT-SER A	5.000	11/15/2025	95.315 / 99.998	4.683	101.480 / 102.511	14	225
650033-NB-5	NEW YORK ST URBAN DEV CORP REV CAP APPREC-ST O-CAPGTY-BKENTRY	0.000	01/01/2011	84.501 / 89.150	4.649		3	35
797652-8X-5	SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV SECOND SER-ISSUE 22	4.750	05/01/2029	93.470 / 98.000	4.530	100.500 / 100.500	5	80
45853J-BC-4	INTERCOMMUNITY HOSP FING AUTH CALIF CTFS PARTN	5.250	11/01/2019	93.509 / 97.066	3.557	100.550 / 100.550	8	370
413893-CN-6	HARRIS CNTY-HOUSTON TEX SPORTS AUTH SPL REV REF-JR LIEN-SER B	5.250	11/15/2040	100.130 / 103.588	3.458	103.130 / 103.130	4	45

Worst Ten Spreads Between Lowest and Highest OFFER

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)
01728A-F5-0	ALLEGHENY CNTY PA HOSP DEV AUTH REV HOSP-JEFFERSON REGL MED CTR-A	4.750	05/01/2025		94.440 / 100.000	5.560	7	115
944314-GD-9	WAYNE CHARTER CNTY MICH ARPT REV AMT-DETROIT MET WAYNE CNTY-A	5.000	12/01/2028	97.000 / 97.000	100.000 / 104.748	4.748	10	220
79575E-AS-7	SALT VERDE FINL CORP GAS REV ARIZ SR	5.000	12/01/2037	92.876 / 94.376	94.518 / 98.818	4.300	45	3670+2
658207-FD-2	NORTH CAROLINA HSG FIN AGY HOMEOWNERSHIP REV AMT-1998 TR AGMT-SER 29-A	4.800	07/01/2033	95.510 / 95.510	94.960 / 99.200	4.240	41	4175+3
64971P-FG-5	NEW YORK N Y CITY INDL DEV AGY REV YANKEE STADIUM PJ-PILOT	4.500	03/01/2039	98.900 / 98.900	99.216 / 103.250	4.034	19	870+1
64966G-D7-4	NEW YORK N Y SER G	4.000	08/01/2018		100.000 / 104.023	4.023	9	1615
733581-8D-7	PORT AUTH N Y & N J CONS-132ND SER	5.000	09/01/2038		101.000 / 105.000	4.000	2	105
13062T-5Q-3	CALIFORNIA ST REF-AMBAC TCRS-BNY	4.500	08/01/2027		99.875 / 103.759	3.884	28	3190+3
64986A-BV-2	NEW YORK ST ENVIRONMENTAL FACS CORP ST CLEAN WTR & DRINKING REVOLVING FDS-POOLED FING PG-D	5.000	08/15/2028	105.548 / 105.548	105.548 / 109.416	3.868	14	405+5
888808-DF-6	TOBACCO SETTLEMENT FING CORP N J SR-SER 1A	5.000	06/01/2041	85.265 / 85.265	85.625 / 89.250	3.625	32	1100

For the complete Red Flag list, please go here.

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 :