Market Data
Results of competitive sales: 01/29/2025

CALIFORNIA

Tamalpais Union High School District

Jan 28, 2025 $175,000,000

General Obligation Bonds, 2024 Election, 2025 Series A (book entry).

Dated Feb 11, 2025.

Due Aug 1, 2026 to 2050.

Callable Aug 1, 2034 at par.

Winning bid: Jefferies, at 103.5665, TIC 3.8726%.

L.O.: Dannis Woliver Kelley, Long Beach, CA.

F.A.: Keygent LLC, El Segundo, CA.

Other bidders were:

BofA Securities, TIC 3.8765%

Wells Fargo Corp, TIC 3.8812%

Truist Secs, Inc., TIC 3.8849%

UBS Financial Svcs, TIC 3.8857%

JPMorgan, TIC 3.8869%

KeyBanc Cap Mkts, TIC 3.8874%

Mesirow Financial, TIC 3.8995%

Stifel Nicolaus, TIC 3.9014%

Raymond James, TIC 3.9161%

Morgan Stanley, TIC 3.9361%

BNY Mellon Cap Mkts, TIC 3.947%

Baird, TIC 3.9767%

TD Securities, TIC 4.0205%


ILLINOIS

Bensenville Village

Jan 28, 2025 $1,320,700

General Obligation Limited Tax Bonds, Series 2025 (bank qualified).

Dated Feb 12, 2025.

Due Dec 15, 2025 to 2027.

Non-callable.

Winning bid: Republic Bk- Chicago, at n/a, NIC 3.682%.

L.O.: Taft, Stettinius & Hollister LLP, Chicago, IL.

F.A.: Speer Financial, Inc., Chicago, IL.

Other bidders were:

Wintrust Bank, NIC 3.98%

Huntington Pub Cap, NIC 4.45%

Baystone Fin Group, NIC 5.66%


Niles Township Community High School District No. 219

Jan 27, 2025 $26,065,000

General Obligation Lease Certificates (Limited Tax), Series 2025 (book entry).

Dated Feb 19, 2025.

Due Jun 1, 2026 to 2030.

Callable Jun 1, 2028 at par.

Winning bid: Janney Montgomery, at 103.3962, TIC 3.3191%.

L.O.: Chapman and Cutler LLP, Chicago, IL.

F.A.: PMA Securities, Inc, Naperville, IL.

Other bidders were:

Mesirow Financial, TIC 3.3659%

Baird, TIC 3.3743%

KeyBanc Cap Mkts, TIC 3.4021%

Hilltop Securities, TIC 3.4079%

Piper Sandler, TIC 3.4137%

Fifth Third Secs, TIC 3.4303%

Baker Group, TIC 3.5008%

StoneX Fin Inc., TIC 3.5456%

Truist Secs, Inc., TIC 3.5725%


MASSACHUSETTS

Groton (Town)

Jan 28, 2025 $877,204

Bond Anticipation Notes.

Dated Feb 13, 2025.

Due Feb 12, 2026.

Purchased $877,204.00 by M & T Bank, at 3.96%, effective rate 3.96%.

F.A.: UniBank Fiscal Advisory Services, Inc., Whitinsville, MA.

Other bidders were:

Piper Sandler, Effective Rate 3.9862%

Oppenheimer, Effective Rate 4.058%

UniBank Fiscal Adv, Effective Rate 5.75%


Hingham (Town)

Jan 28, 2025 $37,661,683

General Obligation Bond Anticipation Notes (book entry).

Dated Feb 13, 2025.

Due Feb 13, 2026.

Purchased $37,661,683.00 by JPMorgan, at 4.0%, plus $465,875.01, effective rate 2.763%.

L.O.: Troutman Pepper Locke LLP (as successor to Locke Lord LLP), Boston, MA.

F.A.: Capital Markets Advisors, LLC, Great Neck, NY.

Other bidders were:

BofA Securities, Effective Rate 2.824%

TD Securities, Effective Rate 2.977%

Oppenheimer, Effective Rate 2.982%

Truist Secs, Inc., Effective Rate 3.015%

BNY Mellon Cap Mkts, Effective Rate 3.0733%

Fidelity Capital, Effective Rate 3.132%


MINNESOTA

Elk River Independent School District No. 728

Jan 27, 2025 $32,545,000

General Obligation Facilities Maintenance Bonds, Series 2025A (Minnesota School District Credit Enhancement Program) (book entry).

Dated Feb 20, 2025.

Due Feb 1, 2026 to 2042.

Callable Feb 1, 2033 at par.

Winning bid: Mesirow Financial, at 103.7354, TIC 3.802%.

L.O.: Kennedy & Graven, Minneapolis, MN.

F.A.: Ehlers, Roseville, MN; and Ehlers, Waukesha, WI.

Other bidders were:

Piper Sandler, TIC 3.8499%

FHN Fin Cap Mkts, TIC 3.8603%

Wells Fargo Corp, TIC 3.871%

Baird, TIC 3.8722%

KeyBanc Cap Mkts, TIC 3.8767%

Hilltop Securities, TIC 3.8826%

Truist Secs, Inc., TIC 3.8854%

UBS Financial Svcs, TIC 3.908%

PNC Capital Markets, TIC 3.9143%

BOK Fin Secs, TIC 3.9158%

TD Securities, TIC 3.9241%


Waterville-Elysian-Morristown Independent School District No. 2143

Jan 27, 2025 $12,165,000

General Obligation Facilities Maintenance Bonds, Series 2025A (Minnesota School District Credit Enhancement Program) (book entry).

Dated Feb 20, 2025.

Due Feb 1, 2026 to 2045.

Callable Feb 1, 2033 at par.

Winning bid: Hilltop Securities, at 100.6913, TIC 4.006%.

L.O.: Kennedy & Graven, Minneapolis, MN.

F.A.: Ehlers, Roseville, MN; and Ehlers, Waukesha, WI.

Other bidders were:

Baird, TIC 4.0268%

UBS Financial Svcs, TIC 4.0468%

KeyBanc Cap Mkts, TIC 4.061%

TD Securities, TIC 4.0613%

BOK Fin Secs, TIC 4.0657%

Mesirow Financial, TIC 4.0914%

Raymond James, TIC 4.0942%


NEW JERSEY

Bloomingdale Borough

Jan 28, 2025 $5,138,000

Bond Anticipation Notes, Series 2025 (bank qualified) (book entry).

Dated Feb 13, 2025.

Due Feb 12, 2026.

Purchased $5,138,000.00 by BNY Mellon Cap Mkts, at 4.5%, plus $64,137.65, effective rate 3.2482%.

L.O.: Wilentz, Goldman & Spitzer, Woodbridge, NJ.

F.A.: Phoenix Advisors, Hamilton, NJ.

Other bidders were:

Oppenheimer, Effective Rate 3.275%

TD Securities, Effective Rate 3.3662%

Piper Sandler, Effective Rate 3.4966%


Haddonfield Borough

Jan 28, 2025 $1,825,000

Bond Anticipation Note (bank qualified).

Dated Feb 6, 2025.

Due Oct 30, 2025.

Purchased $1,825,000.00 by Janney Montgomery, at 3.75%, plus $1,423.50, effective rate 3.6436%.

L.O.: McManimon Scotland & Baumann, Roseland, NJ.

F.A.: Municipal Official(s).


Lodi Borough

Jan 28, 2025 $15,175,000

General Improvement Bonds (book entry).

Dated Feb 1, 2025.

Due Feb 1, 2026 to 2039.

Callable Feb 1, 2032 at par.

Winning bid: Cabrera Cap Mkts, at 104.7498, TIC 3.1934%.

L.O.: Rogut McCarthy LLC, Cranford, NJ.

F.A.: Phoenix Advisors, Hamilton, NJ.

Other bidders were:

FHN Fin Cap Mkts, TIC 3.2237%

Loop Capital, TIC 3.2244%

Janney Montgomery, TIC 3.2296%

StoneX Fin Inc., TIC 3.2353%

Huntington Secs, TIC 3.2387%

Fidelity Capital, TIC 3.2398%

Hilltop Securities, TIC 3.2437%

Jefferies, TIC 3.256%

Mesirow Financial, TIC 3.256%

Roosevelt & Cross, TIC 3.2562%

Baird, TIC 3.2639%

PNC Capital Markets, TIC 3.2783%

TD Securities, TIC 3.3396%

SWBC Investment Svcs, TIC 3.3567%


NEW YORK

Pomfret (Town)

Jan 28, 2025 $490,000

Bond Anticipation Notes,2025 (bank qualified).

Dated Feb 13, 2025.

Due Nov 13, 2025.

Purchased $490,000.00 by Bank of Greene Co, at 4.09%, effective rate 4.09%.

L.O.: Hodgson, Russ LLP, Buffalo, NY.

F.A.: Municipal Solutions, Inc., Canandaigua, NY.

Other bidders were:

Roosevelt & Cross, Effective Rate 4.1092%

Oppenheimer, Effective Rate 4.3584%

Evans Bank N.A., Effective Rate 4.5%


West Seneca (Town)

Jan 28, 2025 $22,899,000

Bond Anticipation Notes - 2025.

Dated Feb 6, 2025.

Due Feb 6, 2026.

Purchased $22,899,000.00 by Oppenheimer, at 4.0%, plus $172,626.00, effective rate 3.2461%.

L.O.: Harris Beach PLLC, Buffalo, NY.

F.A.: Capital Markets Advisors, LLC, Orchard Park, NY.

Other bidders were:

BNY Mellon Cap Mkts, Effective Rate 3.2864%

TD Securities, Effective Rate 3.41%


NORTH CAROLINA

Mecklenburg County

Jan 28, 2025 $230,410,000

Limited Obligation Bonds (County of Mecklenburg, North Carolina), Series 2025 (book entry).

Dated Feb 18, 2025.

Due Feb 1, 2026 to 2045.

Callable Feb 1, 2035 at par.

Winning bid: Truist Secs, Inc., at 108.7417, TIC 3.6135%.

L.O.: Parker, Poe, Adams & Bernstein, L.L.P., Raleigh, NC.

F.A.: First Tryon Advisors, Charlotte, NC; and Local Government Commission, Raleigh, NC.

Other bidders were:

Wells Fargo Corp, TIC 3.619%

JPMorgan, TIC 3.622%

BofA Securities, TIC 3.6349%

Mesirow Financial, TIC 3.6413%

Morgan Stanley, TIC 3.6444%

Jefferies, TIC 3.6599%

Baird, TIC 3.6623%


OHIO

Piqua (City)

Jan 28, 2025 $3,200,000

Capital Facilities Bonds, Series 2025 (General Obligation Limited Tax) (bank qualified) (book entry).

Dated Feb 12, 2025.

Due Dec 1, 2026 to 2045.

Callable Dec 1, 2033 at par.

Winning bid: BNY Mellon Cap Mkts, at 105.0971, TIC 3.776%.

L.O.: Frost Brown Todd LLC, Columbus, OH.

F.A.: Baker Tilly Municipal Advisors, LLC, Columbus, OH.

Other bidders were:

Baird, TIC 3.851%

Piper Sandler, TIC 3.8558%

SWBC Investment Svcs, TIC 3.8651%

Raymond James, TIC 3.8875%

Bernardi Securities, TIC 3.9501%

KeyBanc Cap Mkts, TIC 3.9669%

Hilltop Securities, TIC 4.014%

Stifel Nicolaus, TIC 4.0502%

FHN Fin Cap Mkts, TIC 4.0792%

TD Securities, TIC 4.0811%

Brownstone Inv Grp, TIC 4.1027%

Fifth Third Secs, TIC 4.1244%


TEXAS

The Colony Municipal Utility District No. 1C

Jan 27, 2025 $3,015,000

Unlimited Tax Bonds, Series 2025 (bank qualified) (book entry).

Dated Feb 26, 2025.

Due Aug 15, 2027 to 2050.

Callable Aug 15, 2030 at par.

Winning bid: Hilltop Securities, at 97.0000, NIC 4.5562%.

Other managers: FMSbonds, Inc..

L.O.: McCall Parkhurst & Horton, Austin, TX; and State Attorney General.

F.A.: Specialized Public Finance Inc., Austin, TX.

Other bidders were:

SAMCO Cap Mkts, NIC 4.5578%

Raymond James, NIC 4.5705%

Baird, NIC 4.5721%

SWBC Investment Svcs, NIC 4.5763%

Crews & Associates, NIC 4.6369%


TAXABLE ISSUES


ILLINOIS

Lincoln Land Community College District No. 526

Jan 28, 2025 $2,770,000

Taxable General Obligation Refunding Bonds, Series 2025A (book entry).

Dated Feb 18, 2025.

Due Dec 15, 2029 to 2031.

Non-callable.

Winning bid: Raymond James, at 101.5174, TIC 4.6706%.

L.O.: Hart, Southworth & Witsman, Springfield, IL.

F.A.: PMA Securities, Inc, Naperville, IL.

Other bidders were:

Hilltop Securities, TIC 4.7322%

Piper Sandler, TIC 4.7942%

Fifth Third Secs, TIC 4.7972%

Bernardi Securities, TIC 4.8427%

Baird, TIC 4.8827%

Northland Securities, TIC 4.9376%

KeyBanc Cap Mkts, TIC 5.1848%


NEW JERSEY

Haddonfield Borough

Jan 28, 2025 $9,992,000

Bond Anticipation Note (Federally Taxable).

Dated Feb 6, 2025.

Due Oct 30, 2025.

Purchased $9,992,000.00 by Muni Excess Jt Ins, at 4.65%, effective rate 4.65%.

L.O.: McManimon Scotland & Baumann, Roseland, NJ.

F.A.: Municipal Official(s).