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: 03/11/2008.

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)
235036-EM-8	DALLAS FORT WORTH TEX INTL ARPT REV REF & IMPT-JT-SER A	5.000	11/01/2035	82.470 / 92.660	95.252 / 97.920	15.450	14	175
472682-MD-2	JEFFERSON CNTY ALA SWR REV UNREFUNDED BALANCE-WTS-SER A	5.375	02/01/2027	78.000 / 83.435	83.100 / 90.161	12.161	21	595
38122N-AP-7	GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV ASSET-BKD-SER A-1	6.250	06/01/2033	103.810 / 103.810	115.549 / 115.549	11.739	5	175
472653-AF-1	JEFFERSON CNTY ALA LTD OBLIG SCH WT SER A	5.250	01/01/2012	86.700 / 86.700	98.000 / 98.000	11.300	6	60
017357-WP-5	ALLEGHENY CNTY PA SAN AUTH SWR REV	5.000	12/01/2037	97.875 / 97.875	100.000 / 109.135	11.260	3	660
797652-U5-1	SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV AMT-SECOND SER-ISSUE 16A	5.000	05/01/2029	88.000 / 88.000	98.760 / 98.760	10.760	4	160
551530-FM-5	LYNN HAVEN FLA CAP IMPT REV REF	4.600	12/01/2032	88.650 / 88.650	98.615 / 98.615	9.965	2	25
495289-EQ-9	KING CNTY WASH SWR REV REF	5.000	01/01/2031	90.294 / 97.386	99.992 / 99.992	9.698	5	410
944314-GD-9	WAYNE CHARTER CNTY MICH ARPT REV AMT-DETROIT MET WAYNE CNTY-A	5.000	12/01/2028	87.906 / 93.970	95.641 / 97.470	9.564	10	355
837031-QG-1	SOUTH CAROLINA JOBS-ECONOMIC DEV AUTH ECONOMIC DEV REV UNREFUNDED BAL-BON SECOURS-B	5.625	11/15/2030	87.000 / 96.118	96.500 / 96.500	9.500	6	35

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)
235036-EM-8	DALLAS FORT WORTH TEX INTL ARPT REV REF & IMPT-JT-SER A	5.000	11/01/2035	82.470 / 92.660	10.190	95.252 / 97.920	14	175
837031-QG-1	SOUTH CAROLINA JOBS-ECONOMIC DEV AUTH ECONOMIC DEV REV UNREFUNDED BAL-BON SECOURS-B	5.625	11/15/2030	87.000 / 96.118	9.118	96.500 / 96.500	6	35
495289-EQ-9	KING CNTY WASH SWR REV REF	5.000	01/01/2031	90.294 / 97.386	7.092	99.992 / 99.992	5	410
64966G-RH-7	NEW YORK N Y PREREFUNDED-SER D	5.000	10/15/2027	102.374 / 108.547	6.173		7	80
944314-GD-9	WAYNE CHARTER CNTY MICH ARPT REV AMT-DETROIT MET WAYNE CNTY-A	5.000	12/01/2028	87.906 / 93.970	6.064	95.641 / 97.470	10	355
472682-MD-2	JEFFERSON CNTY ALA SWR REV UNREFUNDED BALANCE-WTS-SER A	5.375	02/01/2027	78.000 / 83.435	5.435	83.100 / 90.161	21	595
542690-YM-8	LONG ISLAND PWR AUTH N Y ELEC SYS REV UNREFUNDED BALANCE-GEN-SER A	5.125	12/01/2022	101.000 / 106.000	5.000	101.435 / 101.600	7	320
249181-SC-3	DENVER COLO CITY & CNTY ARPT REV PREREFUNDED-SER C	6.125	11/15/2025	105.855 / 110.500	4.645		6	75
745190-AR-9	PUERTO RICO COMWLTH HWY & TRANSN AUTH TRANSN REV SER A	5.500	07/01/2014	104.142 / 108.642	4.500		4	110
085278-CB-3	BERNALILLO CNTY N MEX MULTIFAMILY REV HSG-VISTA MONTANA APTS PJ-A	5.300	12/01/2021	100.575 / 105.030	4.455		3	250

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)
79356N-BA-0	ST TAMMANY PARISH LA SALES TAX DIST NO 03 SALES & USE TAX REV	5.000	06/01/2024	102.141 / 102.304	4.500 / 104.529	100.029	12	1775
798764-E4-4	SAN MARCOS TEX PASS-THROUGH & LTD TAX	5.125	08/15/2031		4.051 / 103.275	99.224	8	275
20774H-7H-1	CONNECTICUT ST HEALTH & EDL FACS AUTH REV WESTMINSTER SCH-SER B	5.000	07/01/2029		100.100 / 110.194	10.094	18	405
017357-WP-5	ALLEGHENY CNTY PA SAN AUTH SWR REV	5.000	12/01/2037	97.875 / 97.875	100.000 / 109.135	9.135	3	660
57583R-AV-7	MASSACHUSETTS ST DEV FIN AGY REV CURRY COLLEGE-SER A	5.000	03/01/2035		84.960 / 93.674	8.714	3	230
472682-MD-2	JEFFERSON CNTY ALA SWR REV UNREFUNDED BALANCE-WTS-SER A	5.375	02/01/2027	78.000 / 83.435	83.100 / 90.161	7.061	21	595
13063A-F4-1	CALIFORNIA ST VAR PURP	5.000	03/01/2020		100.778 / 106.457	5.679	17	1575
64966G-RD-6	NEW YORK N Y PREREFUNDED-SER C	5.000	09/15/2028	103.895 / 108.266	104.895 / 110.541	5.646	10	425
040583-AQ-9	ARIZONA SPORTS & TOURISM AUTH SR REV REF-MULTIPURP STADIUM FAC PJ-A	4.500	07/01/2024		96.097 / 101.660	5.563	3	35
745290-EB-8	PUERTO RICO PORTS AUTH REV SPL FACS-AMERN AIRLINES-SER A	6.250	06/01/2026	87.650 / 87.650	90.200 / 95.750	5.550	7	1125

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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