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: 04/17/2008.

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)
25457V-AC-0	DIRECTOR ST NEV DEPT BUSINESS & INDUSTRY LAS VEGAS MONORAIL PJ-1ST TIER	5.375	01/01/2040	76.816 / 76.816	89.653 / 89.653	12.837	5	140
235036-EM-8	DALLAS FORT WORTH TEX INTL ARPT REV REF & IMPT-JT-SER A	5.000	11/01/2035	87.000 / 87.000	95.670 / 97.800	10.800	8	95
040506-GX-9	ARIZONA HEALTH FACS AUTH HOSP SYS REV NORTHERN ARIZ HEALTHCARE SYS	4.750	10/01/2030	90.550 / 90.550	98.396 / 100.556	10.006	6	75
64469D-DB-4	NEW HAMPSHIRE ST HSG FIN AUTH SINGLE FAMILY MTG REV AMT-ACQUISITION-SER A	4.850	01/01/2038	83.100 / 83.100	91.495 / 92.735	9.635	57	1230
63166M-CB-3	NASSAU CNTY N Y TOBACCO SETTLEMENT CORP ASSET BKD-SR-A-3	5.125	06/01/2046	88.905 / 88.905	92.250 / 98.189	9.284	10	190
57419P-JC-4	MARYLAND ST CMNTY DEV ADMIN DEPT HSG & CMNTY DEV AMT-RESIDENTIAL-SER D	4.850	09/01/2037	83.100 / 88.195	90.915 / 90.915	7.815	5	40
681793-A2-1	OMAHA PUB PWR DIST NEB ELEC REV SER B	5.700	02/01/2017	99.055 / 104.349	106.850 / 106.850	7.795	4	55
67756Q-BY-2	OHIO ST HSG FIN AGY RESIDENTIAL MTG REV AMT-MTG BKD SECS-SER L	4.700	09/01/2031	87.000 / 91.810	94.560 / 94.560	7.560	5	40
011842-GM-7	ALASKA ST INTL ARPTS REVS AMT-SER A	5.000	10/01/2024	93.491 / 93.491	100.992 / 100.992	7.501	3	70
79727L-AT-6	SAN DIEGO CALIF CONVENTION CTR EXPANSION FING AUTH LEASE REV SER A	4.750	04/01/2028	92.509 / 92.509	99.959 / 99.959	7.450	2	80

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)
657883-CH-5	NORTH BROWARD FLA HOSP DIST REV PREREFUNDED-IMPT	6.000	01/15/2031	99.500 / 107.850	8.350	100.000 / 100.000	3	25
13033W-LB-7	CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV BAY AREA TOLL BRDGS-1ST LIEN-A	5.000	07/01/2036	98.000 / 103.403	5.403	103.417 / 104.475	5	105
681793-A2-1	OMAHA PUB PWR DIST NEB ELEC REV SER B	5.700	02/01/2017	99.055 / 104.349	5.294	106.850 / 106.850	4	55
57419P-JC-4	MARYLAND ST CMNTY DEV ADMIN DEPT HSG & CMNTY DEV AMT-RESIDENTIAL-SER D	4.850	09/01/2037	83.100 / 88.195	5.095	90.915 / 90.915	5	40
67756Q-BY-2	OHIO ST HSG FIN AGY RESIDENTIAL MTG REV AMT-MTG BKD SECS-SER L	4.700	09/01/2031	87.000 / 91.810	4.810	94.560 / 94.560	5	40
65956N-AT-3	NORTH HARRIS CNTY REGL WTR AUTH TEX REV SR LIEN	5.000	12/15/2033	91.566 / 96.241	4.675	97.454 / 97.454	7	455
249181-WD-6	DENVER COLO CITY & CNTY ARPT REV AMT-SER A	5.000	11/15/2025	94.463 / 98.980	4.517	100.000 / 100.230	8	120
59333P-EJ-3	MIAMI-DADE CNTY FLA AVIATION REV AMT-MIAMI INTL ARPT-SER A	5.000	10/01/2033	87.823 / 91.880	4.057	90.780 / 95.190	10	640
254845-CY-4	DISTRICT COLUMBIA WTR & SWR AUTH PUB UTIL REV SUB LIEN-SER A	5.000	10/01/2038	96.661 / 100.705	4.044		4	1050
311457-EZ-4	FARMINGTON N MEX UTIL SYS REV PREREFUNDED	5.750	05/15/2013	98.010 / 101.728	3.718		5	35

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)
733581-L2-6	PORT AUTH N Y & N J CONS-124TH SER	5.000	08/01/2036		94.125 / 101.448	7.323	11	195
167592-WL-4	CHICAGO ILL O HARE INTL ARPT REV REF-GEN ARPT THIRD LIEN-SER A	5.375	01/01/2032	92.376 / 95.000	92.451 / 99.705	7.254	16	325
796422-WN-9	SAN ANTONIO TEX WTR REV PREREFUNDED-REF	6.000	05/15/2016		104.460 / 111.395	6.935	5	25
63166M-CB-3	NASSAU CNTY N Y TOBACCO SETTLEMENT CORP ASSET BKD-SR-A-3	5.125	06/01/2046	88.905 / 88.905	92.250 / 98.189	5.939	10	190
13033F-YB-0	CALIFORNIA HEALTH FACS FING AUTH REV REF-CEDARS-SINAI MED CTR	5.000	11/15/2034	97.738 / 97.738	94.250 / 100.000	5.750	28	2810
13062T-AM-6	CALIFORNIA ST PREREFUNDED-2006	5.750	05/01/2030	101.908 / 101.908	102.200 / 107.883	5.683	5	65
792905-CH-2	ST PAUL MINN HSG & REDEV AUTH HEALTH CARE FAC REV HEALTHPARTNERS OBLIG GROUP PJ	5.250	05/15/2036	85.901 / 85.901	86.251 / 91.772	5.521	4	30+2
047870-DK-3	ATLANTA GA WTR & WASTEWTR REV SER A-UNREFUNDED BALANCE	5.000	11/01/2038		93.221 / 98.460	5.239	2	50
18085P-HM-9	CLARK CNTY NEV ARPT REV SUB LIEN-SER A-2	5.000	07/01/2038		99.100 / 103.750	4.650	143	30065+5
92707U-AB-2	VILLAGE CMNTY DEV DIST NO 6 FLA SPL ASSMT REV	5.800	05/01/2035		95.464 / 100.000	4.536	5	235

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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