Market Data
Results of competitive sales: 03/24/2025

GEORGIA

Forsyth County

Mar 20, 2025 $93,585,000

General Obligation Sales Tax Bonds, Series 2025 (book entry).

Dated Apr 1, 2025.

Due Mar 1, 2026 to 2031.

Non-callable.

Winning bid: Wells Fargo Corp, at 107.4748, TIC 2.7825%.

L.O.: Murray Barnes Finister LLP, Atlanta, GA.

F.A.: Davenport & Company LLC, Atlanta, GA.

Other bidders were:

JPMorgan, TIC 2.7834%

TD Securities, TIC 2.7864%

Hilltop Securities, TIC 2.7874%

Jefferies, TIC 2.7892%

Mesirow Financial, TIC 2.8092%

Baird, TIC 2.8098%

Truist Secs, Inc., TIC 2.8329%

UBS Financial Svcs, TIC 2.8712%

Morgan Stanley, TIC 2.9081%

KeyBanc Cap Mkts, TIC 2.9829%


NEBRASKA

Lincoln (City)

Mar 20, 2025 $13,900,000

General Obligation Stormwater Drainage and Flood Management System Bonds, Series 2025 (book entry).

Dated Apr 3, 2025.

Due Dec 15, 2026 to 2044.

Callable Dec 15, 2033 at par.

Winning bid: Hilltop Securities, at n/a, TIC 3.8178%.

L.O.: Gilmore & Bell, Omaha, NE.

F.A.: Piper Sandler & Co, Lincoln, NE.

Other bidders were:

Huntington Secs, TIC 3.821%

Fidelity Capital, TIC 3.8556%

Baird, TIC 3.8643%

TD Securities, TIC 3.902%

Northland Securities, TIC 3.9125%

Baker Group, TIC 3.9214%


NEVADA

Nevada System of Higher Education

Mar 20, 2025 $60,710,000

Certificates of Participation, Series 2025 (book entry).

Dated Apr 3, 2025.

Due Jul 1, 2028 to 2055.

Callable Jul 1, 2035 at par.

Winning bid: Truist Secs, Inc., at 101.1404, TIC 4.4389%.

L.O.: Taft, Stettinius & Hollister LLP, Las Vegas, NV; and Taft, Stettinius & Hollister LLP, Reno, NV.

F.A.: JNA Consulting Group LLC, Boulder City, NV.

Other bidders were:

Mesirow Financial, TIC 4.4829%

Wells Fargo Corp, TIC 4.4866%

Jefferies, TIC 4.495%

Morgan Stanley, TIC 4.5264%

Fidelity Capital, TIC 4.5899%


NEW YORK

New York State Dormitory Authority

Mar 20, 2025 $434,950,000

State Personal Income Tax Revenue Bonds (General Purpose), Series 2025A Bidding Group 4 Bonds (book entry).

Dated Mar 27, 2025.

Due Mar 15, 2052 to 2055.

Callable Mar 15, 2035 at par.

Winning bid: BofA Securities, at 104.5134, TIC 4.7107%.

L.O.: Nixon Peabody LLP, New York, NY; and Bryant Rabbino LLP, New York, NY.

F.A.: Public Resources Advisory Group, New York, NY.

Other bidders were:

JPMorgan, TIC 4.715%

Morgan Stanley, TIC 4.7168%

Goldman Sachs, TIC 4.722%

Wells Fargo Corp, TIC 4.723%

RBC Capital Mkts, TIC 4.7266%

Jefferies, TIC 4.747%


New York State Dormitory Authority

Mar 20, 2025 $436,920,000

State Personal Income Tax Revenue Bonds (General Purpose), Series 2025A Bidding Group 3 Bonds (book entry).

Dated Mar 27, 2025.

Due Mar 15, 2047 to 2051.

Callable Mar 15, 2035 at par.

Winning bid: BofA Securities, at 104.9731, TIC 4.6541%.

L.O.: Nixon Peabody LLP, New York, NY; and Bryant Rabbino LLP, New York, NY.

F.A.: Public Resources Advisory Group, New York, NY.

Other bidders were:

Morgan Stanley, TIC 4.655%

JPMorgan, TIC 4.6622%

Wells Fargo Corp, TIC 4.677%

Goldman Sachs, TIC 4.6794%

RBC Capital Mkts, TIC 4.6951%

Barclays Capital, TIC 4.6955%

Jefferies, TIC 4.7089%


New York State Dormitory Authority

Mar 20, 2025 $532,745,000

State Personal Income Tax Revenue Bonds (General Purpose), Series 2025A Bidding Group 2 Bonds (book entry).

Dated Mar 27, 2025.

Due Mar 15, 2039 to 2046.

Callable Mar 15, 2035 at par.

Winning bid: BofA Securities, at 107.8847, TIC 4.3532%.

L.O.: Nixon Peabody LLP, New York, NY; and Bryant Rabbino LLP, New York, NY.

F.A.: Public Resources Advisory Group, New York, NY.

Other bidders were:

Morgan Stanley, TIC 4.4011%

Jefferies, TIC 4.4014%

JPMorgan, TIC 4.4026%

Wells Fargo Corp, TIC 4.4121%

Barclays Capital, TIC 4.4123%

Goldman Sachs, TIC 4.4284%

RBC Capital Mkts, TIC 4.4583%


New York State Dormitory Authority

Mar 20, 2025 $575,560,000

State Personal Income Tax Revenue Bonds (General Purpose), Series 2025A Bidding Group 1 Bonds (book entry).

Dated Mar 27, 2025.

Due Mar 15, 2028 to 2038.

Callable Mar 15, 2035 at par.

Winning bid: BofA Securities, at 111.5333, TIC 3.4%.

L.O.: Nixon Peabody LLP, New York, NY; and Bryant Rabbino LLP, New York, NY.

F.A.: Public Resources Advisory Group, New York, NY.

Other bidders were:

JPMorgan, TIC 3.4367%

Jefferies, TIC 3.4448%

Wells Fargo Corp, TIC 3.4503%

Morgan Stanley, TIC 3.4696%

Goldman Sachs, TIC 3.4857%

Barclays Capital, TIC 3.5158%

RBC Capital Mkts, TIC 3.5576%


WISCONSIN

Stoughton (City)

Mar 20, 2025 $1,485,000

Waterworks System Revenue Bonds, Series 2025B (book entry).

Dated Apr 10, 2025.

Due May 1, 2026 to 2043.

Callable May 1, 2034 at par.

Winning bid: Brownstone Inv Grp, at 106.2724, TIC 4.0287%.

L.O.: Quarles & Brady, Milwaukee, WI.

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

Other bidders were:

Baird, TIC 4.035%

Bernardi Securities, TIC 4.0687%

TD Securities, TIC 4.091%

BOK Fin Secs, TIC 4.1722%


TAXABLE ISSUES


CALIFORNIA

California

Mar 20, 2025 $413,980,000

Federally Taxable Various Purpose General Obligation Bonds, (Bid Group B) (Taxable) (book entry).

Dated Mar 27, 2025.

Due Sep 1, 2035.

Non-callable.

Winning bid: JPMorgan, at 100.7250, TIC 5.0104%.

L.O.: Orrick, Herrington & Sutcliffe, Sacramento, CA.

F.A.: Public Resources Advisory Group, Los Angeles, CA.

Other bidders were:

Barclays Capital, TIC 5.0163%

Wells Fargo Corp, TIC 5.0405%

RBC Capital Mkts, TIC 5.0611%

Jefferies, TIC 5.0629%

Goldman Sachs, TIC 5.1355%

TD Securities, TIC 5.1509%

BofA Securities, TIC 5.1515%

Morgan Stanley, TIC 5.2774%


California

Mar 20, 2025 $442,310,000

Federally Taxable Various Purpose General Obligation Bonds, Bid Group A (book entry). $411,835,000

Dated Mar 27, 2025.

Due Sep 1, 2030.

Non-callable.

Winning bid: Wells Fargo Corp, at 102.1253, TIC 4.51%.


Federally Taxable Various Purpose General Obligation Refunding Bonds, Bid Group A (book entry). $30,475,000

Dated Mar 27, 2025.

Due Mar 1, 2028 to 2031.

Non-callable.

Winning bid: Wells Fargo Corp, at 102.1253, TIC 4.51%.

L.O.: Orrick, Herrington & Sutcliffe, Sacramento, CA.

F.A.: Public Resources Advisory Group, Los Angeles, CA.

Other bidders were:

Goldman Sachs, TIC 4.6065%

JPMorgan, TIC 4.6268%

Barclays Capital, TIC 4.646%

BofA Securities, TIC 4.6621%

RBC Capital Mkts, TIC 4.6677%

Jefferies, TIC 4.727%

Morgan Stanley, TIC 4.7376%

Raymond James, TIC 4.8185%


NEW YORK

New York State Dormitory Authority

Mar 20, 2025 $58,975,000

State Personal Income Tax Revenue Bonds (General Purpose), Series 2025B (Federally Taxable) (book entry).

Dated Mar 27, 2025.

Due Mar 15, 2026 to 2027.

Non-callable.

Winning bid: JPMorgan, at 99.9526, TIC 4.2005%.

L.O.: Nixon Peabody LLP, New York, NY; and Bryant Rabbino LLP, New York, NY.

F.A.: Public Resources Advisory Group, New York, NY.

Other bidders were:

Raymond James, TIC 4.3085%

Piper Sandler, TIC 4.3311%

RBC Capital Mkts, TIC 4.3343%

Wells Fargo Corp, TIC 4.3346%

BofA Securities, TIC 4.3568%

Jefferies, TIC 4.3845%

Morgan Stanley, TIC 4.4046%

Goldman Sachs, TIC 4.4394%


NORTH DAKOTA

Minot Public School District No. 1

Mar 20, 2025 $2,855,000

Taxable General Obligation School Building Bonds, Series 2025 (North Dakota School District Credit Enhancement Program) (book entry).

Dated Apr 15, 2025.

Due Aug 1, 2026 to 2044.

Callable Aug 1, 2032 at par.

Winning bid: Colliers Secs, LLC, at 99.2299, TIC 4.9316%.

L.O.: Arntson Stewart Wegner PC, Bismarck, ND.

F.A.: PFM Financial Advisors LLC, Minneapolis, MN.

Other bidders were:

Baird, TIC 4.9975%

Bernardi Securities, TIC 5.1507%

Piper Sandler, TIC 5.2856%