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: 04/29/2008.

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)
047060-CT-3	ATHENS-CLARKE CNTY GA UNI GOVT DEV AUTH EDL FACS REV CAP APPREC-UGAREF CENT PRECINT	0.000	06/15/2017	69.685 / 69.685	84.891 / 84.891	15.206	3	360
050213-D8-7	AUBURN ALA CAP IMPT SCH WTS	4.375	08/01/2035	87.330 / 87.330	90.330 / 100.000	12.670	6	80
235036-FW-5	DALLAS FORT WORTH TEX INTL ARPT REV JT-SER A-AMBAC	5.000	11/01/2032	87.062 / 92.160	92.500 / 96.000	8.938	15	395
106213-FH-9	BRAZOS RIVER AUTH TEX POLLUTN CTL REV ADJ-REF-TXU ELEC CO PJ-SER C	5.750	05/01/2036	87.200 / 92.438	92.284 / 95.438	8.238	10	215
944314-GD-9	WAYNE CHARTER CNTY MICH ARPT REV AMT-DETROIT MET WAYNE CNTY-A	5.000	12/01/2028	91.797 / 95.750	95.505 / 100.000	8.203	14	275
81684L-CK-0	SEMITROPIC IMPT DIST SEMITROPIC WTR STORAGE DIST SER A	4.625	12/01/2035	87.033 / 87.033	95.225 / 95.225	8.192	6	195
59465M-RF-4	MICHIGAN ST HSG DEV AUTH RENTAL HSG REV AMT-SER B	4.800	10/01/2032	87.000 / 87.000	95.160 / 95.160	8.160	2	15
924160-8G-2	VERMONT EDL & HEALTH BLDGS FING AGY REV DEV & MENTAL HLTH SVCS-SER A	4.700	08/15/2031	90.157 / 90.157	98.054 / 98.054	7.897	4	140
472902-HT-5	JEFFERSON CNTY KY HEALTH FACS REV PREREFUNDED-ALLIANT HEALTH SYS	5.125	10/01/2027	97.214 / 97.214	104.962 / 104.962	7.748	2	45
785652-BX-5	SABINE RIVER AUTH TEX POLLUTN CTL REV ADJ-REF-TXU ELEC CO PJ-SER B	5.750	07/01/2030	91.210 / 91.210	96.250 / 98.750	7.540	6	155

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-DB-3	DALLAS FORT WORTH TEX INTL ARPT REV REF & IMPT-JT-SER A	5.500	11/01/2035	91.590 / 97.160	5.570	95.844 / 97.250	7	25+2
735397-BG-5	PORT SEATTLE WASH SPL FAC REV UNREFUNDED BALANCE-AMT-SER C	6.000	09/01/2029	96.375 / 101.720	5.345	101.000 / 101.000	5	45
106213-FH-9	BRAZOS RIVER AUTH TEX POLLUTN CTL REV ADJ-REF-TXU ELEC CO PJ-SER C	5.750	05/01/2036	87.200 / 92.438	5.238	92.284 / 95.438	10	215
235036-FW-5	DALLAS FORT WORTH TEX INTL ARPT REV JT-SER A-AMBAC	5.000	11/01/2032	87.062 / 92.160	5.098	92.500 / 96.000	15	395
296344-BT-0	ESCONDIDO CALIF REV CTFS PARTN SER A	5.000	09/01/2033	94.000 / 98.161	4.161		4	130
745190-TU-2	PUERTO RICO COMWLTH HWY & TRANSN AUTH TRANSN REV SER K	5.000	07/01/2040	105.815 / 109.893	4.078		4	445
249181-WD-6	DENVER COLO CITY & CNTY ARPT REV AMT-SER A	5.000	11/15/2025	93.565 / 97.610	4.045	97.465 / 100.000	12	680
59259R-S5-4	METROPOLITAN TRANSN AUTH N Y REV TRANSN-SER B	4.750	11/15/2031	93.200 / 97.200	4.000	99.500 / 100.000	12	845
944314-GD-9	WAYNE CHARTER CNTY MICH ARPT REV AMT-DETROIT MET WAYNE CNTY-A	5.000	12/01/2028	91.797 / 95.750	3.953	95.505 / 100.000	14	275
792075-JQ-7	ST LUCIE CNTY FLA SCH BRD CTFS PARTN	4.250	07/01/2026	90.110 / 93.766	3.656		4	75

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)
44420P-AA-2	HUDSON YDS INFRASTRUCTURE CORP N Y REV SER A-MBIA	4.500	02/15/2047		92.073 / 103.125	11.052	8	230
050213-D8-7	AUBURN ALA CAP IMPT SCH WTS	4.375	08/01/2035	87.330 / 87.330	90.330 / 100.000	9.670	6	80
946303-QC-1	WAYNE ST UNIV MICH UNIV REVS REF-GEN	5.000	11/15/2013	107.644 / 107.644	100.000 / 109.100	9.100	5	350
251237-T4-5	DETROIT MICH SEW DISP REV REF-SYS-SR LIEN-A-RMK 12/14/06	5.250	07/01/2018		100.000 / 108.650	8.650	4	100
594751-AB-5	MICHIGAN TOB SETTLEMENT FIN AUTH TOB SETTLEMENT ASSET TAXABLE-TURBO-SER A	7.309	06/01/2034		89.500 / 95.600	6.100	4	155
745266-BD-7	PUERTO RICO CONVENTION CTR DIST AUTH HOTEL OCCUPANCY TAX SER A	4.500	07/01/2036		87.685 / 93.095	5.410	3	55
017343-CK-8	ALLEGHENY CNTY PA PORT AUTH SPL REV TRANSN	5.000	03/01/2029		96.848 / 101.735	4.887	3	55
657902-WU-2	NORTH CAROLINA MED CARE COMMN HEALTH CARE FACS REV 1ST MTG-PRESBYTERIAN HOMES PJ	6.000	10/01/2010		102.475 / 107.250	4.775	2	75
483233-LA-8	KALAMAZOO MICH HOSP FIN AUTH HOSP FAC REV REF-BRONSON HOSP-A-RMK 4/30/08	5.000	05/15/2026		100.000 / 104.596	4.596	3	265
944314-GD-9	WAYNE CHARTER CNTY MICH ARPT REV AMT-DETROIT MET WAYNE CNTY-A	5.000	12/01/2028	91.797 / 95.750	95.505 / 100.000	4.495	14	275

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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