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: 02/13/2008.

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)
60635R-PX-9	MISSOURI ST HEALTH & EDL FACS AUTH HEALTH FACS REV PREREFUNDED	7.625	07/01/2018	99.300 / 99.300	118.797 / 118.797	19.497	3	70
955489-AF-6	WEST POINT VA INDL DEV AUTH SOLID WASTE DISP REV REF-CHESAPEAKE CORP PJ-SER B	6.250	03/01/2019	78.000 / 86.000	89.000 / 89.000	11.000	4	100
73358T-QM-6	PORT AUTH N Y & N J CONS-ONE HUNDRED FORTY FIRST	4.500	09/01/2035	89.240 / 89.240	94.597 / 99.100	9.860	13	380
89602N-HB-3	TRIBOROUGH BRDG & TUNL AUTH N Y REVS PREREFUND-GEN PURP-A-MBIA IBC	5.000	01/01/2032	101.000 / 109.010	109.040 / 109.040	8.040	6	1920
01030P-FS-0	ALABAMA HSG FIN AUTH MULTI FAMILY HSG REV GNMA COLL-EAST LAKE HOUSE PJ-A	4.900	06/20/2048	92.000 / 92.000	99.750 / 99.750	7.750	4	145
810235-BF-7	SCOTTS VALLEY CALIF WTR DIST PUB FACS CORP CTFS PARTN	5.250	01/01/2032	87.153 / 87.153	93.544 / 93.544	6.391	5	50
13062T-H8-0	CALIFORNIA ST REF	4.250	08/01/2033	89.964 / 93.358	93.740 / 96.070	6.106	28	5365
407272-G3-1	HAMILTON CNTY OHIO HOSP FACS REV CHILDRENS HOSP MED CTR-SER G	4.750	05/15/2028	94.359 / 98.030	100.280 / 100.280	5.921	3	35
888808-DF-6	TOBACCO SETTLEMENT FING CORP N J SR-SER 1A	5.000	06/01/2041	84.500 / 84.500	86.250 / 90.375	5.875	28	810
17131N-CD-5	CHULA VISTA CALIF PUB FING AUTH REV REF-SER A	4.500	09/01/2032	90.650 / 90.650	96.500 / 96.500	5.850	4	20

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)
353186-ZN-2	FRANKLIN CNTY OHIO HOSP REV REF & IMPT-DOCTORS HOSP PROJ	5.875	12/01/2023	100.000 / 109.938	9.938		6	205
553751-FG-8	M-S-R PUB PWR AGY CALIF SAN JUAN PROJ REV SER E	6.000	07/01/2022	98.406 / 106.461	8.055		6	45
89602N-HB-3	TRIBOROUGH BRDG & TUNL AUTH N Y REVS PREREFUND-GEN PURP-A-MBIA IBC	5.000	01/01/2032	101.000 / 109.010	8.010	109.040 / 109.040	6	1920
955489-AF-6	WEST POINT VA INDL DEV AUTH SOLID WASTE DISP REV REF-CHESAPEAKE CORP PJ-SER B	6.250	03/01/2019	78.000 / 86.000	8.000	89.000 / 89.000	4	100
130175-QD-7	CALIFORNIA EDL FACS AUTH REV STANFORD UNIV-SER Q	5.250	12/01/2032	99.000 / 104.906	5.906		5	125
400653-DE-8	GUAM PWR AUTH REV SER A	5.000	10/01/2024	98.010 / 102.679	4.669		2	250
786134-AV-8	SACRAMENTO CNTY CALIF SANTN DIST FING AUTH REV MBIA-IBC	4.750	12/01/2023	98.253 / 102.580	4.327	100.000 / 100.000	5	320
64966F-BF-0	NEW YORK N Y PREREFUNDED-SER H	5.125	08/01/2025	97.100 / 101.200	4.100		3	15
745235-C3-3	PUERTO RICO PUB BLDGS AUTH REV GTD PREREFUNDED-GOVT FACS-D	5.125	07/01/2024	105.600 / 109.546	3.946	109.206 / 109.206	15	1005+1
407272-G3-1	HAMILTON CNTY OHIO HOSP FACS REV CHILDRENS HOSP MED CTR-SER G	4.750	05/15/2028	94.359 / 98.030	3.671	100.280 / 100.280	3	35

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)
650859-TU-5	NEWBURGH N Y CITY SCH DIST	3.250	06/15/2016		3.100 / 101.087	97.987	6	470
650859-TZ-4	NEWBURGH N Y CITY SCH DIST	3.750	06/15/2021		3.750 / 99.995	96.245	5	230
60534Q-NP-2	MISSISSIPPI DEV BK SPL OBLIG MADISON CNTY MISS HWY CONSTR	5.000	01/01/2018		100.000 / 110.249	10.249	8	2065+3
402630-AP-2	GULFPORT-BILOXI REGL ARPT AUTH MISS ARPT REV AMT-PASSENGER FAC-SER A	5.000	10/01/2028	84.921 / 84.921	84.921 / 90.253	5.332	4	80
38122N-GE-6	GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV ENHANCED-ASSET BKD-SER A	5.000	06/01/2038	98.700 / 98.700	98.750 / 103.982	5.232	12	105+8
29509R-AF-2	ERIE CNTY N Y INDL DEV AGY REV ORCHARD PK CCRC INC PJ-A	6.000	11/15/2036		94.760 / 99.375	4.615	3	1015
64966G-Q7-0	NEW YORK N Y SUBSER I-1	5.000	02/01/2013	109.182 / 109.252	104.710 / 109.282	4.572	52	7160+4
73358T-QM-6	PORT AUTH N Y & N J CONS-ONE HUNDRED FORTY FIRST	4.500	09/01/2035	89.240 / 89.240	94.597 / 99.100	4.503	13	380
151437-BL-3	CENTER CITY DIST PA REF-BUSINESS IMPT ASSMT	4.750	12/01/2025		98.780 / 103.280	4.500	2	10
010869-DS-1	ALAMEDA CORRIDOR TRANSN AUTH CALIF REV CAP APPREC-REF-SUB LIEN-SER A	0.000	10/01/2019		58.545 / 62.902	4.357	7	200

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.

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