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: 03/14/2008.

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)
589659-BS-9	MERIDIAN MET DIST COLO REF-SER A	5.000	12/01/2031	82.705 / 82.705	85.205 / 95.073	12.368	4	60
86909R-AH-4	SUSQUEHANNA AREA REGL ARPT AUTH PA ARPT SYS REV AMT-SER A	5.000	01/01/2028	90.405 / 102.000	95.999 / 102.000	11.595	8	80
48543B-GH-5	KANSAS ST DEV FIN AUTH HEALTH FACS REV STORMONT VAIL HLTHCARE-SER K	5.375	11/15/2030	94.004 / 94.004	103.588 / 103.588	9.584	6	30
605277-AB-8	MISSISSIPPI BUSINESS FIN CORP MISS POLLUTN CTL REV SYS ENERGY RES INC PJ	5.875	04/01/2022	94.487 / 94.487	103.000 / 103.000	8.513	2	75
20772F-4X-5	CONNECTICUT ST SER C	5.000	05/01/2013	100.000 / 100.000	108.304 / 108.304	8.304	4	20
70917R-FA-8	PENNSYLVANIA ST HIGHER EDL FACS AUTH REV TEMPLE UNIV-FIRST SER	4.500	04/01/2036	89.500 / 89.500	92.500 / 97.721	8.221	13	450
57419J-B4-4	MARYLAND ST CMNTY DEV ADMIN DEPT HSG & CMNTY DEV AMT-RESIDENTIAL-SER D	5.250	09/01/2029	92.086 / 98.100	100.141 / 100.141	8.055	4	220
59333P-ED-6	MIAMI-DADE CNTY FLA AVIATION REV SER A	5.000	10/01/2029	91.750 / 91.750	96.500 / 99.695	7.945	11	255
745235-D6-5	PUERTO RICO PUB BLDGS AUTH REV GTD UNREFUNDED BAL-GOVT FACS-I	5.250	07/01/2033	92.069 / 92.069	99.796 / 99.796	7.727	3	130
592650-MQ-5	METROPOLITAN WASHINGTON D C ARPTS AUTH GEN ARPT REV AMT-REF-SER B	5.000	10/01/2028	92.374 / 92.424	95.424 / 99.921	7.547	5	115

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)
86909R-AH-4	SUSQUEHANNA AREA REGL ARPT AUTH PA ARPT SYS REV AMT-SER A	5.000	01/01/2028	90.405 / 102.000	11.595	95.999 / 102.000	8	80
745190-TU-2	PUERTO RICO COMWLTH HWY & TRANSN AUTH TRANSN REV SER K	5.000	07/01/2040	103.686 / 109.808	6.122		4	260
611305-HA-4	MONROE TWP MIDDLESEX CNTY N J BRD ED	4.250	08/01/2026	86.887 / 93.000	6.113		2	50
57419J-B4-4	MARYLAND ST CMNTY DEV ADMIN DEPT HSG & CMNTY DEV AMT-RESIDENTIAL-SER D	5.250	09/01/2029	92.086 / 98.100	6.014	100.141 / 100.141	4	220
888808-AT-9	TOBACCO SETTLEMENT FING CORP N J ASSET BKD	6.125	06/01/2042	108.129 / 113.083	4.954	112.240 / 112.240	7	250+1
047870-DK-3	ATLANTA GA WTR & WASTEWTR REV SER A-UNREFUNDED BALANCE	5.000	11/01/2038	93.060 / 98.000	4.940		2	15
575898-AL-5	MASSACHUSETTS ST PORT AUTH SPL FACS REV DELTA AIR LINES INC PJ-SER A	5.000	01/01/2027	86.510 / 91.281	4.771	90.219 / 90.219	6	55
26444C-GG-1	DULUTH MINN ECONOMIC DEV AUTH HEALTH CARE FACS REV BENEDICTINE HLTH SYS-ST MARYS	5.250	02/15/2028	106.250 / 110.978	4.728		12	180
64966G-RH-7	NEW YORK N Y PREREFUNDED-SER D	5.000	10/15/2027	104.909 / 109.384	4.475		6	85
26444C-GB-2	DULUTH MINN ECONOMIC DEV AUTH HEALTH CARE FACS REV BENEDICTINE HLTH SYS-ST MARYS	5.250	02/15/2033	106.250 / 110.676	4.426		11	145

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)
311450-DP-2	FARMINGTON N MEX POLLUTN CTL REV REF-PUB SVC CO-B-RMK 12/1/97	5.800	04/01/2022		81.750 / 98.110	16.360	5	120
717818-V4-7	PHILADELPHIA PA AUTH FOR INDL DEV REVS CULTURAL & COML CORRIDORS PG-A	5.000	12/01/2021		89.000 / 101.971	12.971	7	180
589659-BS-9	MERIDIAN MET DIST COLO REF-SER A	5.000	12/01/2031	82.705 / 82.705	85.205 / 95.073	9.868	4	60
13066Y-MK-2	CALIFORNIA ST DEPT WTR RES PWR SUPPLY REV SER H	4.500	05/01/2017		99.995 / 106.841	6.846	52	11975+4
86909R-AH-4	SUSQUEHANNA AREA REGL ARPT AUTH PA ARPT SYS REV AMT-SER A	5.000	01/01/2028	90.405 / 102.000	95.999 / 102.000	6.001	8	80
70917R-FA-8	PENNSYLVANIA ST HIGHER EDL FACS AUTH REV TEMPLE UNIV-FIRST SER	4.500	04/01/2036	89.500 / 89.500	92.500 / 97.721	5.221	13	450
181004-DE-9	CLARK CNTY NEV INDL DEV REV SOUTHWEST GAS CORP PROJ-SER A	4.850	10/01/2035		88.750 / 93.839	5.089	6	60
646136-QD-6	NEW JERSEY ST TRANSN TR FD AUTH TRANSN SYS-SER A	4.750	12/15/2037	96.158 / 96.158	96.426 / 101.263	4.837	53	3165
646136-PX-3	NEW JERSEY ST TRANSN TR FD AUTH TRANSN SYS-SER A	5.000	12/15/2024		101.000 / 105.828	4.828	23	1005
531127-AC-2	LIBERTY N Y DEV CORP REV GOLDMAN SACHS HEADQUATERS	5.250	10/01/2035		100.287 / 105.114	4.827	40	2620

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 :