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: 03/31/2008.

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)
26444C-GC-0	DULUTH MINN ECONOMIC DEV AUTH HEALTH CARE FACS REV BENEDICTINE HLTH SYS-ST MARYS	5.250	02/15/2021	86.072 / 86.072	109.250 / 109.250	23.178	4	110
677596-AU-2	OHIO ST POLLUTION CTL REV REF-GENERAL MOTORS CORP PROJ	5.625	03/01/2015	81.983 / 81.983	94.519 / 94.519	12.536	4	175
79727L-AT-6	SAN DIEGO CALIF CONVENTION CTR EXPANSION FING AUTH LEASE REV SER A	4.750	04/01/2028	87.748 / 92.855	97.665 / 97.665	9.917	4	35
544663-8R-1	LOS ANGELES CNTY CALIF CTFS PARTN FOR FUTURE ISSUES SEE DISNEY PARKING REF PROJ	4.750	03/01/2023	91.257 / 91.257	99.750 / 99.750	8.493	2	20
763261-MW-1	RICHARDSON TEX INDPT SCH DIST	4.500	02/15/2030	86.408 / 86.408	94.854 / 94.854	8.446	4	20
733581-SF-0	PORT AUTH N Y & N J CONS-ONE HUNDRED SIXTEENTH SER	4.250	10/01/2026	89.430 / 91.502	97.673 / 97.750	8.320	11	860
181004-DE-9	CLARK CNTY NEV INDL DEV REV SOUTHWEST GAS CORP PROJ-SER A	4.850	10/01/2035	82.859 / 84.490	91.122 / 91.122	8.263	7	380
472682-MD-2	JEFFERSON CNTY ALA SWR REV UNREFUNDED BALANCE-WTS-SER A	5.375	02/01/2027	74.000 / 74.000	74.000 / 82.190	8.190	14	305
576000-FG-3	MASSACHUSETTS ST SCH BLDG AUTH DEDICATED SALES TAX REV SER A	4.500	08/15/2035	88.470 / 88.470	96.120 / 96.591	8.121	5	110
207900-BG-5	CONNECTICUT ST DEV AUTH WTR FAC REV REF-AMT-CONN WTR PJ-B	5.125	03/01/2028	90.357 / 90.357	98.407 / 98.407	8.050	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)
785652-BV-9	SABINE RIVER AUTH TEX POLLUTN CTL REV REF-TXU ELECTRIC PJ-SER A	6.450	06/01/2021	80.110 / 88.375	8.265	80.150 / 80.150	6	240
132813-BX-3	CAMDEN CNTY N J MUN UTILS AUTH SWR REV CAP APPREC SER B	0.000	09/01/2010	91.481 / 98.000	6.519		4	100
649851-BM-3	NEW YORK ST ENVIRONMENTAL FACS CORP WTR FACS REV LONG ISLAND WTR CORP PROJ-A	4.900	10/01/2034	88.580 / 94.921	6.341		6	190
888808-AS-1	TOBACCO SETTLEMENT FING CORP N J ASSET BKD	6.000	06/01/2037	104.767 / 110.500	5.733	111.242 / 112.064	14	535
13062T-2W-3	CALIFORNIA ST PREREFUNDED	5.000	11/01/2030	102.500 / 107.828	5.328	107.614 / 107.614	4	90
59333P-EF-1	MIAMI-DADE CNTY FLA AVIATION REV SER A	5.125	10/01/2035	89.278 / 94.480	5.202	92.398 / 92.398	6	75
79727L-AT-6	SAN DIEGO CALIF CONVENTION CTR EXPANSION FING AUTH LEASE REV SER A	4.750	04/01/2028	87.748 / 92.855	5.107	97.665 / 97.665	4	35
041438-FF-4	ARLINGTON CNTY VA INDL DEV AUTH HOSP FAC REV VA HOSP CTR ARLINGTON HLTH SYS	5.250	07/01/2025	102.247 / 106.869	4.622		5	45
93974A-FA-7	WASHINGTON ST VAR PURP-SER 02-A	5.000	07/01/2025	96.121 / 100.508	4.387	98.746 / 102.508	4	60
520840-HB-8	LAWTON MICH CMNTY SCHS PREREFUNDED	5.000	05/01/2031	100.114 / 104.500	4.386	102.295 / 106.734	8	135

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)
57420U-AK-1	MARYLAND ST ECONOMIC DEV CORP NURSING FAC MTG REV SR-RAVENWOOD HLTHCARE FAC-A	8.750	08/01/2027		33.000 / 92.000	59.000	2	13.501
472682-MD-2	JEFFERSON CNTY ALA SWR REV UNREFUNDED BALANCE-WTS-SER A	5.375	02/01/2027	74.000 / 74.000	74.000 / 82.190	8.190	14	305
235036-FW-5	DALLAS FORT WORTH TEX INTL ARPT REV JT-SER A-AMBAC	5.000	11/01/2032	89.050 / 89.050	89.500 / 95.632	6.132	17	515
56036Y-BF-1	MAIN STR NAT GAS INC GA GAS PROJ REV SER A	5.000	03/15/2022	97.933 / 97.933	94.148 / 99.598	5.450	5	1075
64971P-EA-9	NEW YORK N Y CITY INDL DEV AGY REV QUEENS BASEBALL STADIUM-PILOT	4.750	01/01/2042		92.125 / 97.439	5.314	3	60
38122N-PA-4	GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV ASSET-BKD-SR-SER A-1	5.750	06/01/2047		88.249 / 93.290	5.041	15	395+1
745190-ZN-1	PUERTO RICO COMWLTH HWY & TRANSN AUTH TRANSN REV REF-SER N	5.250	07/01/2031		99.100 / 104.000	4.900	85	2605
118217-AT-5	BUCKEYE OHIO TOB SETTLEMENT FING AUTH ASSET-BKD-SR-TURBO-SER A-2	6.500	06/01/2047	96.559 / 96.559	96.692 / 101.580	4.888	38	3785+2
235036-EM-8	DALLAS FORT WORTH TEX INTL ARPT REV REF & IMPT-JT-SER A	5.000	11/01/2035	88.550 / 88.550	86.692 / 91.550	4.858	4	60
79575E-AK-4	SALT VERDE FINL CORP GAS REV ARIZ SR	5.250	12/01/2024		94.777 / 99.375	4.598	17	620

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 :