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: 03/19/2008.

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)
238595-KB-7	DAVIDSON CNTY N C	4.250	06/01/2015	76.800 / 105.604	106.356 / 106.356	29.556	5	240
091089-KH-4	BIRMINGHAM ALA WTRWKS & SWR BRD WTR & SWR REV SUB-SER A	4.500	01/01/2039	76.600 / 76.600	91.750 / 91.750	15.150	5	130
25457V-AC-0	DIRECTOR ST NEV DEPT BUSINESS & INDUSTRY LAS VEGAS MONORAIL PJ-1ST TIER	5.375	01/01/2040	80.500 / 85.351	93.000 / 93.665	13.165	16	430
57583R-AU-9	MASSACHUSETTS ST DEV FIN AGY REV CURRY COLLEGE-SER A	4.500	03/01/2025	81.250 / 85.000	92.770 / 92.770	11.520	8	195
091086-AL-2	BIRMINGHAM ALA WTR & SWR REV WTS-SER A	4.750	01/01/2029	80.600 / 80.600	91.600 / 91.600	11.000	7	95
594693-AQ-6	MICHIGAN ST STRATEGIC FD POLLUTION CTL REV ADJ-REF-GEN MTRS CORP	6.200	09/01/2020	80.337 / 80.337	90.099 / 90.099	9.762	5	115
38122N-GD-8	GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV ENHANCED-ASSET BKD-SER A	5.000	06/01/2035	89.812 / 89.812	98.625 / 98.625	8.813	2	60
472682-LZ-4	JEFFERSON CNTY ALA SWR REV PREREFUNDED-CAP IMPT-WTS	5.000	02/01/2041	99.254 / 107.345	107.672 / 107.870	8.616	12	2035
249181-WD-6	DENVER COLO CITY & CNTY ARPT REV AMT-SER A	5.000	11/15/2025	91.639 / 97.110	96.832 / 100.110	8.471	10	170
65820P-BS-3	NORTH CAROLINA MED CARE COMMN HEALTH SYS REV MISSION-ST JOSEPHS HEALTH SYS	5.250	10/01/2031	100.475 / 107.330	105.775 / 108.835	8.360	8	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)
238595-KB-7	DAVIDSON CNTY N C	4.250	06/01/2015	76.800 / 105.604	28.804	106.356 / 106.356	5	240
400653-DE-8	GUAM PWR AUTH REV SER A	5.000	10/01/2024	86.609 / 97.900	11.291		5	35
472682-LZ-4	JEFFERSON CNTY ALA SWR REV PREREFUNDED-CAP IMPT-WTS	5.000	02/01/2041	99.254 / 107.345	8.091	107.672 / 107.870	12	2035
65820P-BS-3	NORTH CAROLINA MED CARE COMMN HEALTH SYS REV MISSION-ST JOSEPHS HEALTH SYS	5.250	10/01/2031	100.475 / 107.330	6.855	105.775 / 108.835	8	115
154123-TJ-2	CENTRAL MICH UNIV REVS GEN	5.000	10/01/2023	92.400 / 98.310	5.910	100.000 / 100.000	4	20
249181-WD-6	DENVER COLO CITY & CNTY ARPT REV AMT-SER A	5.000	11/15/2025	91.639 / 97.110	5.471	96.832 / 100.110	10	170
235036-FW-5	DALLAS FORT WORTH TEX INTL ARPT REV JT-SER A-AMBAC	5.000	11/01/2032	86.640 / 91.791	5.151	92.662 / 92.662	9	190
657902-UP-5	NORTH CAROLINA MED CARE COMMN HEALTH CARE FACS REV NOVANT HEALTH PROJ-SER B	5.000	10/01/2028	92.500 / 97.520	5.020		4	20
25457V-AC-0	DIRECTOR ST NEV DEPT BUSINESS & INDUSTRY LAS VEGAS MONORAIL PJ-1ST TIER	5.375	01/01/2040	80.500 / 85.351	4.851	93.000 / 93.665	16	430
717813-EW-5	PHILADELPHIA PA	5.000	09/15/2031	102.500 / 107.087	4.587		8	395

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)
13033W-D2-6	CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV REF-COPIA-SER B	4.625	12/01/2027		53.611 / 71.119	17.508	5	115
88880N-AU-3	TOBACCO SETTLEMENT FING CORP VA SR SER B-1	5.000	06/01/2047		80.087 / 88.531	8.444	8	160
880443-DW-3	TENNESSEE ENERGY ACQUISITION CORP GAS REV SER C	5.000	02/01/2018	96.525 / 96.525	97.091 / 103.977	6.886	42	3135+1
235036-FZ-8	DALLAS FORT WORTH TEX INTL ARPT REV JT-SER A	5.000	11/01/2035	89.142 / 92.170	89.000 / 95.670	6.670	9	120
442348-T7-3	HOUSTON TEX ARPT SYS REV SUB LIEN-SER A	5.125	07/01/2032	95.960 / 95.960	92.500 / 98.960	6.460	3	55
57652T-AV-9	MATAGORDA CNTY TEX NAV DIST NO 1 REV REF-HOUSTON LTG-RMKT-11/24/98	5.125	11/01/2028	87.838 / 87.838	89.496 / 95.250	5.754	17	2415+1
79020F-AM-8	ST JOHN BAPTIST PARISH LA REV MARATHON OIL CORP-SER A	5.125	06/01/2037		87.264 / 92.860	5.596	46	3890+3
20774U-KT-1	CONNECTICUT ST HEALTH & EDL FACS AUTH REV CONNECTICUT COLLEGE-SER G	4.500	07/01/2037		91.750 / 96.830	5.080	3	125
56516M-AS-9	MAPLE GROVE MINN HEALTH CARE SYS REV MAPLE GROVE HOSP CORP	5.250	05/01/2037	92.307 / 93.500	93.974 / 98.750	4.776	38	2205+2
944314-GD-9	WAYNE CHARTER CNTY MICH ARPT REV AMT-DETROIT MET WAYNE CNTY-A	5.000	12/01/2028	92.361 / 95.590	95.645 / 100.420	4.775	11	260

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 :