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: 01/28/2008.

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)
517082-BC-6	LARGO FLA SUN COAST HEALTH SYS REV HOSP	6.300	03/01/2020	75.310 / 75.310	75.310 / 89.000	13.690	8	260
249189-AK-7	DENVER COLO CONVENTION CTR HOTEL AUTH REV SR-SER A	5.000	12/01/2017	101.003 / 101.003	110.625 / 110.625	9.622	2	60
64605L-5X-2	NEW JERSEY ST EDL FACS AUTH REV REF-MONTCLAIR ST UNIV-SER J	4.250	07/01/2034	90.349 / 90.349	99.212 / 99.212	8.863	3	80
64970K-U7-0	NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV SER B	4.500	06/15/2029	95.500 / 95.500	103.487 / 103.487	7.987	5	50
544587-LV-8	LOS ANGELES CALIF MUN IMPT CORP LEASE REV POLICE HEADQUARTERS FAC-SER A	4.500	01/01/2037	92.784 / 92.784	99.195 / 100.167	7.383	6	110
388640-YU-2	GRAPEVINE-COLLEYVILLE INDPT SCH DIST TEX CAP APPREC-REF	0.000	08/15/2024	40.409 / 40.409	41.969 / 47.670	7.261	4	90
944314-GD-9	WAYNE CHARTER CNTY MICH ARPT REV AMT-DETROIT MET WAYNE CNTY-A	5.000	12/01/2028	95.522 / 99.390	100.000 / 102.433	6.911	30	1280
590545-PU-7	MESA ARIZ UTIL SYS REV REF-SECOND SER	4.500	07/01/2028	95.930 / 96.550	96.400 / 102.702	6.772	13	165+4
745291-MA-9	PUERTO RICO PUB FIN CORP COMMWLTH APPROP-SER A	5.000	08/01/2029	101.750 / 101.750	108.389 / 108.389	6.639	4	65
679111-LX-0	OKLAHOMA ST TPK AUTH TPK REV PREREFUNDED-1ST SR-AMBAC-TCRS	6.000	01/01/2022	115.400 / 115.400	121.993 / 121.993	6.593	4	50

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)
542402-AQ-5	LONG BEACH CALIF BD FIN AUTH LEASE REV REF-CIVIC CTR PROJ-SER A	5.000	10/01/2027	94.705 / 100.637	5.932		5	65
59465J-HH-8	MICHIGAN ST HSG DEV AUTH LTD OBLIG REV WALLED LAKE VILLA PROJ	6.000	04/15/2018	95.530 / 100.080	4.550		2	15
64966G-BZ-4	NEW YORK N Y UNREFUNDED BAL-SER F	5.000	08/01/2023	97.095 / 101.000	3.905	101.219 / 101.219	5	110
944314-GD-9	WAYNE CHARTER CNTY MICH ARPT REV AMT-DETROIT MET WAYNE CNTY-A	5.000	12/01/2028	95.522 / 99.390	3.868	100.000 / 102.433	30	1280
86139P-BA-4	STOCKTON CALIF PORT DIST PORT REV SER A	4.500	07/01/2032	92.993 / 96.727	3.734	99.000 / 99.000	8	1465
38122N-AQ-5	GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV ASSET-BKD-SER A-1	6.750	06/01/2039	112.390 / 116.050	3.660	116.177 / 118.079	11	240
650031-JL-2	NEW YORK ST URBAN DEV CORP PREREFUNDED-SR LIEN-CORP PURP	5.500	07/01/2026	97.490 / 101.041	3.551		5	275
64966G-EF-5	NEW YORK N Y PREREFUNDED-SER J	5.500	06/01/2020	108.887 / 112.410	3.523		5	155
888806-AB-2	TOBACCO SETTLEMENT REV MGMT AUTH S C TOB SETTLEMENT REV SER B	6.000	05/15/2022	99.500 / 103.000	3.500	105.250 / 105.250	5	215
64579E-7W-0	NEW JERSEY HEALTH CARE FACS FING AUTH REV HLTH SYS-CATHOLIC HLTH EAST-A	5.375	11/15/2033	108.000 / 111.425	3.425	110.516 / 110.516	7	340

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)
517082-BC-6	LARGO FLA SUN COAST HEALTH SYS REV HOSP	6.300	03/01/2020	75.310 / 75.310	75.310 / 89.000	13.690	8	260
590545-PU-7	MESA ARIZ UTIL SYS REV REF-SECOND SER	4.500	07/01/2028	95.930 / 96.550	96.400 / 102.702	6.302	13	165+4
235035-AK-8	DALLAS-FORT WORTH TEX INTL ARPT FAC IMPT CORP REV AMERICAN AIRLINES INC	6.000	11/01/2014		92.500 / 98.359	5.859	10	360
388640-YU-2	GRAPEVINE-COLLEYVILLE INDPT SCH DIST TEX CAP APPREC-REF	0.000	08/15/2024	40.409 / 40.409	41.969 / 47.670	5.701	4	90
745235-TF-8	PUERTO RICO PUB BLDGS AUTH REV GTD REF-GOVT FACS-SER H	5.250	07/01/2015		107.548 / 113.151	5.603	4	40
546398-DH-8	LOUISIANA PUB FACS AUTH REV OCHSNER CLINIC FNDTN PJ-SER B	5.500	05/15/2027		110.367 / 114.819	4.452	3	65
70917N-8V-9	PENNSYLVANIA ST HIGHER EDL FACS AUTH REV YORK COLLEGE PA PROJ-SER EE 1	5.250	11/01/2026	101.723 / 101.723	101.723 / 105.814	4.091	35	4200+3
130534-B2-5	CALIFORNIA POLLUTN CTL FING AUTH POLLUTN CTL REV REF-PACIFIC GAS-C-RMKT 6/01/07	4.750	12/01/2023		98.625 / 102.500	3.875	6	1085
735388-3N-8	PORT SEATTLE WASH REV SER A	5.000	04/01/2031		101.902 / 105.770	3.868	8	260
378325-BA-1	GLENDALE ARIZ TRANSN EXCISE TAX REV	4.500	07/01/2032		98.050 / 101.791	3.741	31	2150

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 :