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: 02/07/2008.

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)
13033W-D2-6	CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV REF-COPIA-SER B	4.625	12/01/2027	60.000 / 60.000	75.045 / 75.045	15.045	6	135
25457V-AA-4	DIRECTOR ST NEV DEPT BUSINESS & INDUSTRY LAS VEGAS MONORAIL PJ-1ST TIER	5.625	01/01/2032	85.000 / 85.000	95.375 / 97.100	12.100	8	180
419800-BX-4	HAWAII ST DEPT BUDGET & FIN SPL PURP REV HAWAIIAN ELEC CO INC-SER A	5.650	10/01/2027	98.117 / 98.117	106.571 / 106.571	8.454	4	830
196473-Y9-7	COLORADO HEALTH FACS AUTH REV HOSP-NORTH COLO MED CTR	6.000	05/15/2020	98.060 / 98.060	100.344 / 105.693	7.633	5	210
44420P-AA-2	HUDSON YDS INFRASTRUCTURE CORP N Y REV SER A-MBIA	4.500	02/15/2047	92.731 / 96.900	97.625 / 99.625	6.894	28	1445
64985F-ET-4	NEW YORK ST ENVIRONMENTAL FACS CORP POLLUTN CTL REV PREREFUNDED-ST WTR-REVOLV FD-B	5.200	05/15/2014	103.036 / 103.036	109.750 / 109.750	6.714	3	60
235241-FW-1	DALLAS TEX AREA RAPID TRAN SALES TAX REV PREREFUNDED-SR LIEN	5.000	12/01/2026	101.432 / 106.105	107.132 / 108.067	6.635	8	50
763495-EC-8	RICHLAND-BEAN BLOSSOM IND SCH BLDG CORP UNREFUNDED BAL-FIRST MTG	5.000	01/15/2022	96.568 / 96.568	103.168 / 103.168	6.600	5	25
733581-SF-0	PORT AUTH N Y & N J CONS-ONE HUNDRED SIXTEENTH SER	4.250	10/01/2026	93.664 / 98.375	100.000 / 100.000	6.336	6	110
249181-TK-4	DENVER COLO CITY & CNTY ARPT REV PREREFUNDED-SER C-MBIA-IBC	6.125	11/15/2025	110.750 / 110.750	117.023 / 117.023	6.273	7	125

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)
574217-S9-7	MARYLAND ST HEALTH & HIGHER EDL FACS AUTH REV WASHINGTON CNTY HOSP	5.750	01/01/2038	94.475 / 100.217	5.742	97.350 / 100.594	92	22075+31
010652-BM-6	ALABAMA 21ST CENTY AUTH TOB SETTLEMENT REV	5.750	12/01/2018	96.000 / 101.500	5.500		4	40
678908-VE-1	OKLAHOMA DEV FIN AUTH REV CONTINUING CARE RETIREMENT-B	6.250	02/01/2032	101.000 / 106.375	5.375		2	45
116421-YT-9	BROWNSVILLE TEX INDPT SCH DIST SCH BLDG	5.000	02/15/2016	106.500 / 111.378	4.878		3	90
121342-HV-4	BURKE CNTY GA DEV AUTH POLLUTN CTL REV ADJ-GA PWR CO PLT VOGTLE PJ	5.000	09/01/2034	95.158 / 100.000	4.842		7	105
797652-R2-2	SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV SECOND SER-ISSUE 15B	4.500	05/01/2028	91.075 / 95.799	4.724		2	35
733581-SF-0	PORT AUTH N Y & N J CONS-ONE HUNDRED SIXTEENTH SER	4.250	10/01/2026	93.664 / 98.375	4.711	100.000 / 100.000	6	110
235241-FW-1	DALLAS TEX AREA RAPID TRAN SALES TAX REV PREREFUNDED-SR LIEN	5.000	12/01/2026	101.432 / 106.105	4.673	107.132 / 108.067	8	50
574217-LL-7	MARYLAND ST HEALTH & HIGHER EDL FACS AUTH REV JOHNS HOPKINS HOSPITAL ISSUE	5.125	11/15/2034	105.752 / 110.417	4.665		5	75
67910H-FB-1	OKLAHOMA ST MUN PWR AUTH PWR SUPPLY SYS REV SER B	5.750	01/01/2024	108.688 / 113.238	4.550	113.504 / 113.504	9	160

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)
73358T-LF-6	PORT AUTH N Y & N J CONS-ONE HUNDRED THIRTY EIGHT	4.750	12/01/2034	97.351 / 97.351	84.306 / 100.780	16.474	31	1435
73358T-QM-6	PORT AUTH N Y & N J CONS-ONE HUNDRED FORTY FIRST	4.500	09/01/2035		93.646 / 99.594	5.948	13	555
196473-Y9-7	COLORADO HEALTH FACS AUTH REV HOSP-NORTH COLO MED CTR	6.000	05/15/2020	98.060 / 98.060	100.344 / 105.693	5.349	5	210
13062P-Q3-9	CALIFORNIA ST VAR PURP	4.250	03/01/2027		94.114 / 99.394	5.280	7	100
059231-SY-7	BALTIMORE MD REV REF-WASTEWATER PROJS-SER C	4.500	07/01/2032		97.256 / 102.295	5.039	10	585
118217-AU-2	BUCKEYE OHIO TOB SETTLEMENT FING AUTH ASSET-BKD-SR-TURBO-SER A-2	5.875	06/01/2047	98.010 / 98.010	97.962 / 102.609	4.647	19	960+1
251255-4G-7	DETROIT MICH WTR SUPPLY SYS REV SR LIEN-B-RMKT 08/16/06	5.000	07/01/2018		107.450 / 111.973	4.523	5	100
468574-HF-8	JACKSON OHIO LOC SCH DIST STARK & SUMMIT CNTYS REF	4.250	12/01/2030		94.750 / 99.240	4.490	11	150
545149-FX-9	LOS ANGELES CNTY CALIF SANTN DISTS FING AUTH REV CAP PROJS-DIST NO 20 SUB-SER A	4.500	10/01/2038	95.380 / 95.800	95.550 / 99.995	4.445	39	4500
59259R-S5-4	METROPOLITAN TRANSN AUTH N Y REV TRANSN-SER B	4.750	11/15/2031		99.491 / 103.500	4.009	39	985

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 :