Market Data
Results of competitive sales: 04/17/2025

COLORADO

Englewood (City)

Apr 16, 2025 $38,685,000

General Obligations Bonds Series 2025 (book entry).

Dated Apr 29, 2025.

Due Dec 1, 2025 to 2044.

Callable Dec 1, 2034 at par.

Winning bid: Morgan Stanley, at 107.7345, TIC 4.1298%.

Other managers: Ramirez & Co., Inc., American Veterans Group, R. Seelaus & Co., Inc..

L.O.: Kutak Rock, Denver, CO.

F.A.: Stifel, Nicolaus & Co., Inc., Denver, CO.

Other bidders were:

Baird, TIC 4.1543%

BNY Mellon Cap Mkts, TIC 4.1548%

Mesirow Financial, TIC 4.1595%

BofA Securities, TIC 4.1669%

Piper Sandler, TIC 4.1715%

UBS Financial Svcs, TIC 4.1723%

TD Securities, TIC 4.1778%

Raymond James, TIC 4.1791%

Wells Fargo Corp, TIC 4.188%

TRB Cap Mkts, TIC 4.189%

JPMorgan, TIC 4.1936%

Huntington Secs, TIC 4.1998%


MARYLAND

Anne Arundel County

Apr 15, 2025 $152,230,000

General Obligation Consolidated Water and Sewer Bonds Series, 2025 Refunding (book entry). $85,280,000

Dated Apr 30, 2025.

Due Apr 1, 2026 to 2035.

Non-callable.

Winning bid: BofA Securities, at n/a, TIC 3.6487%.


General Obligation Consolidated Water and Sewer Series 2025, Refunding (book entry). $66,950,000

Dated Apr 30, 2025.

Due Apr 1, 2026 to 2045.

Callable Apr 1, 2035 at par.

Winning bid: BofA Securities, at n/a, TIC 3.6487%.

L.O.: McKennon Shelton & Henn LLP, Baltimore, MD.

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

Other bidders were:

Morgan Stanley, TIC 3.6667%

JPMorgan, TIC 3.7398%

Wells Fargo Corp, TIC 3.7497%


Anne Arundel County

Apr 15, 2025 $267,640,000

General Obligation Consolidated General Improvement Bonds, Series 2025 (book entry). $183,405,000

Dated Apr 30, 2025.

Due Oct 1, 2025 to 2054.

Callable Apr 1, 2035 at par.

Winning bid: BofA Securities, at n/a, TIC 4.3537%.


General Obligation Consolidated Water and Sewer Bonds Series, 2025 (book entry). $84,235,000

Dated Apr 30, 2025.

Due Oct 1, 2025 to 2054.

Callable Apr 1, 2035 at par.

Winning bid: BofA Securities, at n/a, TIC 4.3537%.

L.O.: McKennon Shelton & Henn LLP, Baltimore, MD.

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

Other bidders were:

Morgan Stanley, TIC 4.3632%

JPMorgan, TIC 4.4022%

Wells Fargo Corp, TIC 4.4957%


MASSACHUSETTS

Springfield (City)

Apr 16, 2025 $15,435,208

General Obligation Bond Anticipation Notes (book entry).

Dated May 2, 2025.

Due May 1, 2026.

Purchased $15,435,208.00 by BNY Mellon Cap Mkts, at 4.25%, plus $117,191.82, effective rate 3.4886%.

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

F.A.: Hilltop Securities Inc., Boston, MA.

Other bidders were:

Oppenheimer, Effective Rate 3.5048%

TD Securities, Effective Rate 3.8358%

Westford (Town)

Apr 15, 2025 $8,445,000

General Obligation Municipal Purpose Loan of 2025 Bonds (book entry).

Dated May 1, 2025.

Due May 1, 2026 to 2045.

Callable May 1, 2033 at par.

Winning bid: Brownstone Inv Grp, at 103.5398, TIC 3.9084%.

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

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

Other bidders were:

StoneX Fin Inc., TIC 3.9179%

Baird, TIC 3.9341%

Bancroft Capital, TIC 3.9348%

Huntington Secs, TIC 3.9447%

FHN Fin Cap Mkts, TIC 4.0511%

Fidelity Capital, TIC 4.0951%


MICHIGAN

Grosse Pointe Farms (City)

Apr 16, 2025 $11,875,000

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

Dated May 1, 2025.

Due Oct 1, 2026 to 2050.

Callable Oct 1, 2033 at par.

Winning bid: Loop Capital, at 99.5552, TIC 4.5565%.

L.O.: Dickinson Wright PLLC, Troy, MI.

F.A.: Bendzinski & Company, Grosse Pointe, MI.

Other bidders were:

Raymond James, TIC 4.5912%

Piper Sandler, TIC 4.6295%

Hilltop Securities, TIC 4.638%

Northland Securities, TIC 4.6428%

UBS Financial Svcs, TIC 4.6938%

Bernardi Securities, TIC 4.7297%

Huntington Secs, TIC 4.7638%


Kentwood (City)

Apr 15, 2025 $19,730,000

2025 Captial Improvement Bonds (Limited Tax General Obligation) (book entry).

Dated May 6, 2025.

Due Oct 1, 2026 to 2045.

Callable Oct 1, 2034 at par.

Winning bid: Hilltop Securities, at 102.1004, TIC 4.4028%.

L.O.: Miller, Canfield, Paddock & Stone, P.L.C., Detroit, MI.

F.A.: Bendzinski & Company, Grosse Pointe, MI.

Other bidders were:

Raymond James, TIC 4.4123%

Mesirow Financial, TIC 4.4706%

Northland Securities, TIC 4.4753%

Huntington Secs, TIC 4.4798%

StoneX Fin Inc., TIC 4.4819%

Loop Capital, TIC 4.6246%

UBS Financial Svcs, TIC 4.6647%


NEW JERSEY

Beach Haven Borough

Apr 16, 2025 $15,200,000

Bond Anticipation Notes, Series 2025 Consisting $11,400,000 General Improvement Bond Anticipation Notes $2,900,000 Water Utility Bond Anticipation Notes $900,000 Sewer Utility Bond Antic Notes (book entry).

Dated Apr 30, 2025.

Due Apr 30, 2026.

Purchased $15,200,000.00 by Oppenheimer, at 5.0%, plus $171,304.00, effective rate 3.873%.

L.O.: Windels, Marx, Lane & Mittendorf, LLP, New Brunswick, NJ.

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

Other bidders were:

BNY Mellon Cap Mkts, Effective Rate 4.0621%

Clinton (Town)

Apr 16, 2025 $1,336,288

Bond Anticipation Note (bank qualified).

Dated Apr 29, 2025.

Due Apr 29, 2026.

Purchased $1,336,288.00 by East Brunswick Twp, at 4.0%, effective rate 4.0%.

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

F.A.: Municipal Official(s).

Glen Gardner (Borough)

Apr 16, 2025 $541,200

Bond Anticipation Notes (bank qualified).

Dated Apr 30, 2025.

Due Apr 29, 2026.

Purchased $541,200.00 by Oppenheimer, at 5.0%, plus $460.00, effective rate 4.9148%.

L.O.: Gibbons P.C., Newark, NJ.

F.A.: Municipal Official(s).

Mendham Township

Apr 16, 2025 $5,954,200

Bond Anticipation Notes, Consisting of $5,954,200 General Improvement Bond Anticipation Note and $161,000 Sewer Utility Bond Anticipation Note (bank qualified) (book entry).

Dated Apr 29, 2025.

Due Apr 28, 2026.

Purchased $5,954,200.00 by Oppenheimer, at 5.0%, plus $75,625.00, effective rate 3.7264%.

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

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

Other bidders were:

BNY Mellon Cap Mkts, Effective Rate 4.0644%

TD Securities, Effective Rate 4.0965%

New Brunswick (City)

Apr 16, 2025 $37,000,000

Bond Anticipation Notes, Series 2025 (book entry).

Dated Apr 29, 2025.

Due Apr 28, 2026.

Purchased $37,000,000.00 by Oppenheimer, at 5.0%, plus $526,510.00, effective rate 3.573%.

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

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

Other bidders were:

BNY Mellon Cap Mkts, Effective Rate 3.5988%

TD Securities, Effective Rate 3.9886%


Somerville Borough Board of Education

Apr 16, 2025 $44,020,000

School Bonds, Series 2025 (New Jersey School Bond Reserve Act, 1980 N.J. Laws c. 72, as amended) (book entry).

Dated May 15, 2025.

Due May 15, 2027 to 2047.

Callable May 15, 2033 at par.

Winning bid: Baird, at 100.0020, NIC 4.0675%.

Other managers: CL King & Associates, Midland Securities Ltd, Blaylock Van, LLC, Northland Securities, Inc., A.G.P./Alliance Global Partners, Bernardi Securities, Inc., Carty, Harding, & Hearn, Inc., Cadz Securities Inc,, FMSbonds, Inc., Bank of New York Mellon Capital Markets, LLC, Celadon Financial Group, LLC, First Southern LLC, Dinosaur Securities, Mountainside Securities LLC, StoneX Financial Inc., InspereX LLC, Caldwell Sutter Capital, Inc., ZIONS BANK division of ZB, N.A., Oppenheimer & Co., Inc..

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

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

Other bidders were:

FHN Fin Cap Mkts, NIC 4.0911%

Mesirow Financial, NIC 4.0921%

Wells Fargo Corp, NIC 4.0934%

Raymond James, NIC 4.1078%

UBS Financial Svcs, NIC 4.2543%


NEW YORK

Cutchogue Fire District

Apr 16, 2025 $15,915,000

Fire District Serial Bonds, 2025.

Dated May 6, 2025.

Due May 1, 2026 to 2047.

Callable May 1, 2033 at par.

Winning bid: Roosevelt & Cross, at n/a, TIC 4.3279%.

Other managers: FHN Financial Capital Markets, Stifel, Nicolaus & Co., Inc., Oppenheimer & Co., Inc., Edward Jones.

L.O.: Hawkins, Delafield & Wood, New York, NY.

F.A.: Munistat Services, Inc., Port Jefferson, NY.

Other bidders were:

BNY Mellon Cap Mkts, TIC 4.3361%

UBS Financial Svcs, TIC 4.3805%

Baird, TIC 4.4111%

Freeport Village

Apr 16, 2025 $12,925,000

Bond Anticipation Notes, 2025 Series C.

Dated Apr 24, 2025.

Due Apr 24, 2026.

Purchased $12,925,000.00 by TD Securities, at 4.75%, plus $150,834.75, effective rate 3.583%.

L.O.: Hawkins, Delafield & Wood, New York, NY.

F.A.: Liberty Capital Services LLC, Garden City, NY; and Liberty Capital Services LLC, East Williston, NY.

Other bidders were:

Oppenheimer, Effective Rate 3.6399%

BNY Mellon, Effective Rate 3.7843%

Malverne Village

Apr 16, 2025 $4,355,000

Bond Anticipation Notes-2025 (bank qualified).

Dated Apr 30, 2025.

Due Apr 30, 2026.

Purchased $4,355,000.00 by Oppenheimer, at 4.25%, plus $30,490.00, effective rate 3.5499%.

L.O.: Hawkins, Delafield & Wood, New York, NY.

F.A.: Munistat Services, Inc., Port Jefferson, NY.

Other bidders were:

Jefferies, Effective Rate 3.982%

BNY Mellon, Effective Rate 4.0359%

Bank of Greene Co, Effective Rate 4.05%

TD Securities, Effective Rate 4.196%

Warrensburg Central School District

Apr 16, 2025 $1,500,000

Bond Anticipation Notes, 2025 (New Issue).

Dated May 1, 2025.

Due Jun 24, 2025.

Purchased $1,500,000.00 by Oppenheimer, at 5.125%, plus $1.00, effective rate 5.1246%.

L.O.: Bartlett, Pontiff, Stewart & Rhodes, P.C., Glens Falls, NY.

F.A.: Bernard P. Donegan, Inc., Fairport, NY.

Other bidders were:

Bank of Greene Co, Effective Rate 5.99%

Roosevelt & Cross, Effective Rate 6.2079%

West Babylon Union Free School District

Apr 16, 2025 $850,000

Bond Anticipation Notes - 2025 Series A.

Dated May 1, 2025.

Due Jul 2, 2025.

Purchased $850,000.00 by JPMorgan Chase, at 4.88%, effective rate 4.88%.

L.O.: Hawkins, Delafield & Wood, New York, NY.

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

Other bidders were:

Oppenheimer, Effective Rate 5.6243%

Roosevelt & Cross, Effective Rate 6.1987%


NORTH CAROLINA

North Carolina

Apr 15, 2025 $300,000,000

Limited Obligation (Build NC) Bonds, Series 2025A (book entry).

Dated May 6, 2025.

Due May 1, 2026 to 2040.

Callable May 1, 2035 at par.

Winning bid: BofA Securities, at 107.8523, TIC 3.7721%.

L.O.: Womble Bond Dickinson LLP, Raleigh, NC.

F.A.: Davenport & Company LLC, Charlotte, NC; and Local Government Commission, Raleigh, NC.

Other bidders were:

Morgan Stanley, TIC 3.8326%

Wells Fargo Corp, TIC 3.863%

JPMorgan, TIC 3.8804%

Truist Secs, Inc., TIC 3.9601%


TEXAS

Fort Bend County Municipal Utility District No. 143

Apr 16, 2025 $8,545,000

Unlimited Tax Bonds, Series 2025 (book entry).

Dated May 1, 2025.

Due Mar 1, 2026 to 2047.

Callable Mar 1, 2031 at par.

Winning bid: Crews & Associates, at n/a, NIC 4.5751%.

L.O.: Allen Boone Humphries Robinson LLP, Houston, TX; and State Attorney General.

F.A.: Masterson Advisors LLC, Houston, TX.

Other bidders were:

SAMCO Cap Mkts, NIC 4.7539%

Hilltop Securities, NIC 5.2503%

Baird, NIC 5.3517%


Sugar Land (City)

Apr 15, 2025 $48,390,000

Combination Tax and Revenue Certificates of Obligation, Series 2025 (book entry).

Dated May 1, 2025.

Due Feb 15, 2026 to 2045.

Callable Feb 15, 2034 at par.

Winning bid: Frost Natl Bk, at 103.7361, TIC 4.2245%.

L.O.: Hunton Andrews Kurth LLP, Houston, TX; and State Attorney General.

F.A.: Hilltop Securities Inc., Houston, TX.

Other bidders were:

Morgan Stanley, TIC 4.2347%

Baird, TIC 4.2606%

Fidelity Capital, TIC 4.2773%

Wells Fargo Corp, TIC 4.2931%

Huntington Secs, TIC 4.2988%

Mesirow Financial, TIC 4.2999%

FHN Fin Cap Mkts, TIC 4.3035%

TD Securities, TIC 4.3188%


TAXABLE ISSUES


NEW YORK

Freeport Village

Apr 16, 2025 $3,765,000

Bond Anticipation Notes, 2025 Series D (Federally Taxable).

Dated Apr 24, 2025.

Due Apr 24, 2026.

Purchased $3,765,000.00 by Oppenheimer, at 5.0%, plus $3,260.00, effective rate 4.9134%.

L.O.: Hawkins, Delafield & Wood, New York, NY.

F.A.: Liberty Capital Services LLC, Garden City, NY; and Liberty Capital Services LLC, East Williston, NY.

Other bidders were:

Roosevelt & Cross, Effective Rate 4.983%

BNY Mellon, Effective Rate 5.5648%


OKLAHOMA

Seminole County Independent School District No. 10 (Sasakwa)

Apr 15, 2025 $270,000

Combined Purpose Bonds of 2025, (Federally Taxable) (book entry).

Dated Jun 1, 2025.

Due Jun 1, 2028 to 2029.

Non-callable.

Winning bid: BOK Fin Secs, at n/a, NIC 4.4607%.

In association with: Security State Bank of Wewoka.

L.O.: Floyd & Driver, PLLC, Norman, OK; and State Attorney General.

F.A.: Stephen H. McDonald & Associates, Inc., Norman, OK.

Other bidders were:

Country Club Bank, NIC 4.8036%

Legacy Bank, NIC 5.2%

Exchange Bank, NIC 5.4643%