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: 03/24/2008.

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	84.160 / 91.660	94.290 / 95.660	11.500	8	90
010869-AP-0	ALAMEDA CORRIDOR TRANSN AUTH CALIF REV SR LIEN-SER A	4.750	10/01/2025	90.888 / 97.061	101.760 / 101.760	10.872	4	160
802576-AA-6	SANTA ROSA BAY BRDG AUTH FLA REV	6.250	07/01/2028	86.400 / 86.400	96.000 / 96.000	9.600	4	80
59469C-7N-7	MICHIGAN ST STRATEGIC FD LTD OBLIG REV REF-DETROIT ED CO PROJ-SER B	4.650	10/01/2028	90.012 / 90.012	99.345 / 99.346	9.334	5	110
59333P-BT-4	MIAMI-DADE CNTY FLA AVIATION REV AMT-SER C	5.000	10/01/2028	89.080 / 91.800	98.074 / 98.074	8.994	5	65
235036-FW-5	DALLAS FORT WORTH TEX INTL ARPT REV JT-SER A-AMBAC	5.000	11/01/2032	86.735 / 92.034	90.796 / 95.680	8.945	14	730
64579F-PJ-6	NEW JERSEY HEALTH CARE FACS FING AUTH REV UNREFUNDED BAL-ST BARNABAS-B	4.750	07/01/2028	88.725 / 94.381	97.652 / 97.652	8.927	7	165
733581-2C-5	PORT AUTH N Y & N J CONS-127TH SER	5.125	06/15/2037	93.844 / 94.802	101.608 / 102.650	8.806	12	235
13062P-BP-6	CALIFORNIA ST	5.000	02/01/2032	92.690 / 92.690	98.563 / 101.000	8.310	82	7625
797669-GD-4	SAN FRANCISCO CALIF BAY AREA RAPID TRAN DIST SALES TAX REV	4.750	07/01/2023	97.000 / 97.000	99.777 / 105.108	8.108	5	30

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	84.160 / 91.660	7.500	94.290 / 95.660	8	90
303891-FH-3	FAIRFAX CNTY VA WTR AUTH WTR REV	5.800	01/01/2016	102.350 / 109.797	7.447		4	95
576018-CX-1	MASSACHUSETTS ST TPK AUTH MET HWY SYS REV SUB-SER A	5.000	01/01/2039	90.499 / 97.025	6.526		5	60
010869-AP-0	ALAMEDA CORRIDOR TRANSN AUTH CALIF REV SR LIEN-SER A	4.750	10/01/2025	90.888 / 97.061	6.173	101.760 / 101.760	4	160
64579F-PJ-6	NEW JERSEY HEALTH CARE FACS FING AUTH REV UNREFUNDED BAL-ST BARNABAS-B	4.750	07/01/2028	88.725 / 94.381	5.656	97.652 / 97.652	7	165
235036-FW-5	DALLAS FORT WORTH TEX INTL ARPT REV JT-SER A-AMBAC	5.000	11/01/2032	86.735 / 92.034	5.299	90.796 / 95.680	14	730
413893-CN-6	HARRIS CNTY-HOUSTON TEX SPORTS AUTH SPL REV REF-JR LIEN-SER B	5.250	11/15/2040	93.204 / 98.238	5.034		2	25
933254-XE-9	WALTHAM MASS	4.000	02/01/2020	92.291 / 97.248	4.957	97.250 / 99.864	10	100
89602N-GZ-1	TRIBOROUGH BRDG & TUNL AUTH N Y REVS PREREFUNDED-GEN PURP-SER A	5.000	01/01/2032	102.730 / 107.573	4.843	107.723 / 107.871	9	630
222118-AL-5	COULTERVILLE ILL REV 1ST MTG-COULTERVILLE CARE PJ-A	7.750	10/15/2028	89.546 / 94.110	4.564		7	90

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)
880443-DV-5	TENNESSEE ENERGY ACQUISITION CORP GAS REV SER C	5.000	02/01/2017		99.161 / 105.925	6.764	5	160
79575E-AR-9	SALT VERDE FINL CORP GAS REV ARIZ SR	5.000	12/01/2032		88.963 / 95.228	6.265	2	35
797669-GD-4	SAN FRANCISCO CALIF BAY AREA RAPID TRAN DIST SALES TAX REV	4.750	07/01/2023	97.000 / 97.000	99.777 / 105.108	5.331	5	30
914446-AS-8	UNIVERSITY MED CTR CORP ARIZ HOSP REV	5.000	07/01/2033		88.847 / 93.801	4.954	2	15
235036-FW-5	DALLAS FORT WORTH TEX INTL ARPT REV JT-SER A-AMBAC	5.000	11/01/2032	86.735 / 92.034	90.796 / 95.680	4.884	14	730
88880T-BU-9	TOBACCO SETTLEMENT FING CORP N Y REV ASSET-BKD-SER A-1	5.250	06/01/2022		101.574 / 106.316	4.742	5	250+1
64972H-DQ-2	NEW YORK N Y CITY TRANSITIONAL FIN AUTH BLDG AID REV SER S-2	4.500	01/15/2031		91.750 / 96.250	4.500	73	6330+1
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		89.215 / 93.699	4.484	3	230
091086-BC-1	BIRMINGHAM ALA WTR & SWR REV WTS-SER A-MBIA IBC	4.750	01/01/2029		93.715 / 98.050	4.335	9	205
49130P-3S-1	KENTUCKY HSG CORP HSG REV AMT-SER C	4.800	07/01/2037	86.239 / 87.380	89.860 / 94.195	4.335	11	230

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 :