IOWA
Newton Community School District
Mar 13, 2017 . . . . . . $9,620,000
General Obligation School Bonds, Series 2017 (bank qualified) (book entry).
Dated Apr 12, 2017.
Due Jun 1, 2018 to 2035.
Callable Jun 1, 2025 at par.
Winning bid: Citigroup, at 103.1380, TIC 2.8043%.
| Due | Amount | Cpn | Yield | Conc | Ins |
|---|---|---|---|---|---|
| 6/1/18 | $385,000 | 3.00% | 1.00% | ||
| 6/1/19 | $425,000 | 3.00% | 1.25% | ||
| 6/1/20 | $435,000 | 3.00% | 1.40% | ||
| 6/1/21 | $450,000 | 3.00% | 1.60% | ||
| 6/1/22 | $465,000 | 3.00% | 1.75% | ||
| 6/1/23 | $475,000 | 3.00% | 1.90% | ||
| 6/1/24 | $490,000 | 3.00% | 2.00% | ||
| 6/1/25 | $505,000 | 3.00% | 2.15% | ||
| 6/1/26 | $520,000 | 3.00% | 2.25% | ||
| 6/1/27 | $535,000 | 3.00% | 2.35% | ||
| 6/1/28 | $555,000 | 3.00% | 2.45% | ||
| 6/1/29 | $570,000 | 3.00% | 2.55% | ||
| 6/1/30 | $585,000 | 3.00% | 2.65% | ||
| 6/1/31 | $605,000 | 3.00% | 2.75% | ||
| 6/1/32 | $625,000 | 3.25% | 2.90% | ||
| 6/1/33 | $645,000 | 3.25% | 3.00% | ||
| 6/1/34 | $665,000 | 3.50% | 3.10% | ||
| 6/1/35 | $685,000 | 3.50% | 3.20% |
Other managers: Cantor Fitzgerald & Company, Piper Jaffray & Company.
L.O.: Ahlers & Cooney, P.C., Des Moines, IA.
F.A.: PFM Financial Advisors LLC, Des Moines, IA.
Other bidders were:
D.A. Davidson, TIC 2.8637%
SunTrust Robinson, TIC 2.8978%
Robert W. Baird, TIC 2.9271%
Northland Securities, TIC 2.9273%
Wells Fargo Secs, TIC 3.3005%
MICHIGAN
Alba Public School District
Mar 13, 2017 . . . . . . $180,000
2017 School Bus Bonds (General Obligation- Unlimited Tax) (bank qualified).
Dated Apr 4, 2017.
Due May 1, 2018 to 2023.
Non-callable.
Winning bid: CFC Capital, at n/a, TIC 2.1295%.
| Due | Amount | Cpn | Yield | Conc | Ins |
|---|---|---|---|---|---|
| 5/1/18 | $30,000 | 1.25% | NRO | ||
| 5/1/19 | $30,000 | 1.60% | NRO | ||
| 5/1/20 | $30,000 | 1.80% | NRO | ||
| 5/1/21 | $30,000 | 2.00% | NRO | ||
| 5/1/22 | $30,000 | 2.30% | NRO | ||
| 5/1/23 | $30,000 | 2.60% | NRO |
L.O.: Thrun Law Firm, P.C., East Lansing, MI.
F.A.: PFM Financial Advisors LLC, Ann Arbor, MI.
Blue-Spotted Salamander Drain Drainage District
Mar 13, 2017 . . . . . . $945,000
2017 Drain Bonds (General Obligation Limited Tax) (book entry).
Dated Mar 23, 2017.
Due May 1, 2018 to 2037.
Callable May 1, 2026 at par.
Winning bid: Independent Bank, at n/a, TIC 3.162%.
| Due | Amount | Cpn | Yield | Conc | Ins |
|---|---|---|---|---|---|
| 5/1/18 | $45,000 | 2.10% | NRO | ||
| 5/1/19 | $50,000 | 2.10% | NRO | ||
| 5/1/20 | $45,000 | 2.10% | NRO | ||
| 5/1/21 | $50,000 | 2.10% | NRO | ||
| 5/1/22 | $45,000 | 2.10% | NRO | ||
| 5/1/23 | $50,000 | 2.10% | NRO | ||
| 5/1/24 | $45,000 | 2.10% | NRO | ||
| 5/1/25 | $50,000 | 2.10% | NRO | ||
| 5/1/26 | $45,000 | 2.10% | NRO | ||
| 5/1/27 | $50,000 | 3.50% | NRO | ||
| 5/1/28 | $45,000 | 3.50% | NRO | ||
| 5/1/29 | $50,000 | 3.50% | NRO | ||
| 5/1/30 | $45,000 | 3.50% | NRO | ||
| 5/1/31 | $50,000 | 3.50% | NRO | ||
| 5/1/32 | $45,000 | 3.50% | NRO | ||
| 5/1/33 | $50,000 | 3.50% | NRO | ||
| 5/1/34 | $45,000 | 3.50% | NRO | ||
| 5/1/35 | $50,000 | 3.50% | NRO | ||
| 5/1/36 | $45,000 | 3.50% | NRO | ||
| 5/1/37 | $45,000 | 3.50% | NRO |
L.O.: Dickinson Wright PLLC, Detroit, MI.
F.A.: PFM Financial Advisors LLC, Ann Arbor, MI.
Richmond Community Schools
Mar 13, 2017 . . . . . . $4,145,000
2017 Refunding Bonds (General Obligation - Unlimited Tax) (bank qualified).
Dated Apr 4, 2017.
Due May 1, 2019 to 2027.
Non-callable.
Winning bid: Robert W. Baird, at 103.1473, TIC 2.4778%.
| Due | Amount | Cpn | Yield | Conc | Ins |
|---|---|---|---|---|---|
| 5/1/19 | $265,000 | 3.00% | 1.45% | MAC | |
| 5/1/20 | $320,000 | 3.00% | 1.65% | MAC | |
| 5/1/21 | $365,000 | 3.00% | 1.90% | MAC | |
| 5/1/22 | $410,000 | 3.00% | 2.10% | MAC | |
| 5/1/23 | $535,000 | 3.00% | 2.25% | MAC | |
| 5/1/24 | $555,000 | 3.00% | 2.35% | MAC | |
| 5/1/25 | $570,000 | 3.00% | 2.45% | MAC | |
| 5/1/26 | $565,000 | 3.00% | 2.55% | MAC | |
| 5/1/27 | $560,000 | 3.00% | 2.70% | MAC |
Other managers: CL King & Associates, Ross, Sinclaire & Associates LLC, Dougherty & Company LLC, WNJ Capital, Edward Jones, SAMCO Capital Markets, Coastal Securities Corp., SumRidge Partners, LLC, Crews & Associates, Inc., Loop Capital Markets, LLC, R. Seelaus & Co., Inc., Oppenheimer & Co., Inc., Alamo Capital, Sierra Pacific Securities, IFS Securities, Wedbush Securities Inc., Wayne Hummer & Co., Rafferty Capital Markets LLC, W.H. Mell Associates, Inc., First Empire Securities, FMSbonds, Inc., D.A. Davidson & Co., Central States Capital Markets, LLC, Midland Securities Ltd.
L.O.: Thrun Law Firm, P.C., Novi, MI.
F.A.: PFM Financial Advisors LLC, Ann Arbor, MI.
Other bidders were:
J.J.B. Hilliard, TIC 2.5428%
Fifth Third Secs, TIC 2.6934%
Raymond James, TIC 2.8969%
Northland Securities, TIC 3.4783%
MINNESOTA
Cannon Falls Independent School District No. 252
Mar 13, 2017 . . . . . . $6,570,000
General Obligation School Building Refunding Bonds, Series 2017A (Minnesota School District Credit Enhancement Program) (bank qualified) (book entry).
Dated Apr 6, 2017.
Due Feb 1, 2018 to 2028.
Non-callable.
Winning bid: Piper Jaffray, at 107.0625, TIC 2.1064%.
| Due | Amount | Cpn | Yield | Conc | Ins |
|---|---|---|---|---|---|
| 2/1/18 | $100,000 | 2.00% | 1.00% | ||
| 2/1/19 | $555,000 | 2.00% | 1.20% | ||
| 2/1/20 | $560,000 | 3.00% | 1.35% | ||
| 2/1/21 | $580,000 | 4.00% | 1.50% | ||
| 2/1/22 | $605,000 | 4.00% | 1.70% | ||
| 2/1/23 | $630,000 | 4.00% | 1.85% | ||
| 2/1/24 | $660,000 | 4.00% | 2.00% | ||
| 2/1/25 | $685,000 | 3.00% | 2.05% | ||
| 2/1/26 | $710,000 | 3.00% | 2.15% | ||
| 2/1/27 | $730,000 | 3.00% | 2.25% | ||
| 2/1/28 | $755,000 | 3.00% | 2.35% |
Other managers: Cantor Fitzgerald & Company.
L.O.: Knutson, Flynn & Deans, Mendota Heights, MN.
F.A.: Ehlers, Roseville, MN.
Other bidders were:
Wells Fargo Secs, TIC 2.1492%
UMB Bank, TIC 2.1974%
Northland Securities, TIC 2.2437%
Robert W. Baird, TIC 2.2448%
Fifth Third Secs, TIC 2.2535%
Stifel Nicolaus, TIC 2.373%
St. James Independent School District No. 840
Mar 13, 2017 . . . . . . $640,000
General Obligation Facilities Maintenance Bonds, Series 2017A (MN SD Credit Enhancement Program) (bank qualified) (book entry).
Dated Apr 6, 2017.
Due Feb 1, 2020 to 2027.
Non-callable.
Winning bid: United Banker's Bk, at n/a, TIC 2.4299%.
| Due | Amount | Cpn | Yield | Conc | Ins |
|---|---|---|---|---|---|
| 2/1/21 | $145,000 | 1.70% | 1.70% | ||
| 2/1/23 | $160,000 | 2.10% | 2.10% | ||
| 2/1/25 | $160,000 | 2.30% | 2.30% | ||
| 2/1/27 | $175,000 | 2.50% | 2.50% |
L.O.: Knutson, Flynn & Deans, Mendota Heights, MN.
F.A.: Ehlers, Roseville, MN.
Other bidders were:
Northland Securities, TIC 2.4765%
Tracy (City)
Mar 13, 2017 . . . . . . $1,415,000
General Obligation Temporary Bonds, Series 2017A (State of Minnesota Credit Enhancement Program) (bank qualified) (book entry).
Dated Apr 13, 2017.
Due Dec 1, 2019.
Callable Dec 1, 2017 at par.
Winning bid: Piper Jaffray, at 99.5000, TIC 1.4439%.
| Due | Amount | Cpn | Yield | Conc | Ins |
|---|---|---|---|---|---|
| 12/1/19 | $1,415,000 | 1.25% | 1.25% |
L.O.: Kennedy & Graven, Minneapolis, MN.
F.A.: Ehlers, Roseville, MN.
Other bidders were:
United Banker's Bk, TIC 1.4942%
Northland Securities, TIC 1.7438%
MISSOURI
Columbia School District
Mar 13, 2017 . . . . . . $10,000,000
General Obligation Improvement Bonds, Series 2017 (book entry).
Dated Apr 12, 2017.
Due Mar 1, 2022 to 2037.
Callable Mar 1, 2026 at par.
Winning bid: Robert W. Baird, at 100.3445, TIC 3.3888%.
| Due | Amount | Cpn | Yield | Conc | Ins |
|---|---|---|---|---|---|
| 3/1/22 | $240,000 | 4.00% | 1.70% | ||
| 3/1/23 | $250,000 | 4.00% | 1.92% | ||
| 3/1/24 | $260,000 | 5.00% | 2.13% | ||
| 3/1/25 | $270,000 | 5.00% | 2.30% | ||
| 3/1/26 | $280,000 | 5.00% | 2.42% | ||
| 3/1/27 | $295,000 | 2.50% | 2.50% | ||
| 3/1/28 | $305,000 | 3.00% | 2.75% | ||
| 3/1/30 | $645,000 | 3.00% | 3.00% | ||
| 3/1/31 | $345,000 | 3.00% | 3.10% | ||
| 3/1/32 | $355,000 | 3.125% | 3.20% | ||
| 3/1/33 | $370,000 | 3.25% | 3.30% | ||
| 3/1/34 | $385,000 | 3.25% | 3.35% | ||
| 3/1/35 | $1,900,000 | 3.375% | 3.40% | ||
| 3/1/36 | $2,000,000 | 3.375% | 3.45% | ||
| 3/1/37 | $2,100,000 | 3.50% | 3.50% |
Other managers: Edward Jones, CL King & Associates, Fidelity Capital Markets, WNJ Capital, Crews & Associates, Inc., Davenport & Company LLC, Dougherty & Company LLC, Ross, Sinclaire & Associates LLC, Loop Capital Markets, LLC, George K. Baum & Co., Duncan-Williams, Inc., Oppenheimer & Co., Inc., Country Club Bank, Sierra Pacific Securities, Wayne Hummer & Co., SumRidge Partners, LLC, R. Seelaus & Co., Inc., IFS Securities, Central States Capital Markets, LLC, Central Trust Bank, Alamo Capital, Wedbush Securities Inc., First Empire Securities, Valdes & Moreno, Inc., W.H. Mell Associates, Inc., Rafferty Capital Markets LLC, Midland Securities Ltd, Bernardi Securities, Inc., FMSbonds, Inc., First Kentucky Securities Corp., Isaak Bond Investments, Inc..
L.O.: Gilmore & Bell, Kansas City, MO.
F.A.: Piper Jaffray & Company, Leawood, KS.
Other bidders were:
Citigroup, TIC 3.4158%
BA Merrill Lynch, TIC 3.4377%
Morgan Stanley, TIC 3.44%
Janney Montgomery, TIC 3.4418%
Commerce Bank, TIC 3.4473%
JPMorgan, TIC 3.4517%
Hilltop Securities, TIC 3.4937%
Hutchinson Shockey, TIC 3.5945%
NEW JERSEY
Island Heights Borough
Mar 7, 2017 . . . . . . $1,445,000
Bond Anticipation Notes (book entry).
Dated Mar 10, 2017.
Due Mar 9, 2018.
Purchased $1,445,000.00 by Oppenheimer, at 2.0%, plus $419.00, effective rate 1.9709%.
L.O.: Bathgate Wegener & Wolf, Lakewood, NJ.
F.A.: Municipal Official(s).
PENNSYLVANIA
Quakertown Community School District
Mar 13, 2017 . . . . . . $9,395,000
General Obligation Bonds, Series A of 2017 (bank qualified) (book entry).
Dated Apr 17, 2017.
Due Nov 15, 2018 to 2034.
Callable May 15, 2022 at par.
Winning bid: Janney Montgomery, at n/a, TIC 3.4797%.
| Due | Amount | Cpn | Yield | Conc | Ins |
|---|---|---|---|---|---|
| 11/15/22 | $25,000 | 2.00% | 2.00% | ||
| 11/15/26 | $20,000 | 2.70% | 2.75% | ||
| 11/15/27 | $250,000 | 2.75% | 2.75% | ||
| 11/15/28 | $310,000 | 3.00% | 2.85% | ||
| 11/15/29 | $315,000 | 3.00% | 2.95% | ||
| 11/15/30 | $330,000 | 3.00% | 3.00% | ||
| 11/15/31 | $375,000 | 3.05% | 3.41% | ||
| 11/15/32 | $795,000 | 3.20% | 3.20% | ||
| 11/15/33 | $825,000 | 3.30% | 3.30% | ||
| 11/15/34 | $6,150,000 | 3.50% | 3.50% |
L.O.: Fox Rothschild LLP, Blue Bell, PA.
F.A.: PFM Financial Advisors LLC, Harrisburg, PA.
Other bidders were:
Roosevelt & Cross, TIC 3.5415%
Robert W. Baird, TIC 3.5502%
TEXAS
Claude (City)
Mar 13, 2017 . . . . . . $2,355,000
Combination Tax and Revenue Certificates of Obligation, Series 2017 (bank qualified) (book entry).
Dated Mar 1, 2017.
Due Feb 15, 2018 to 2042.
Callable Feb 15, 2027 at par.
Winning bid: BOK Fin Secs, at 100.4204, TIC 3.6902%.
| Due | Amount | Cpn | Yield | Conc | Ins |
|---|---|---|---|---|---|
| 2/15/18 | $35,000 | 4.00% | 1.30% | ||
| 2/15/19 | $65,000 | 4.00% | 1.50% | ||
| 2/15/20 | $65,000 | 4.00% | 1.75% | ||
| 2/15/23 | $215,000 | 2.50% | 2.50% | ||
| 2/15/27 | $310,000 | 2.75% | 2.75% | ||
| 2/15/30 | $260,000 | 3.75% | 3.00% | ||
| 2/15/33 | $295,000 | 3.75% | 3.375% | ||
| 2/15/37 | $450,000 | 3.75% | 3.50% | ||
| 2/15/42 | $660,000 | 4.00% | 3.75% |
Other managers: SunTrust Robinson Humphrey, Stifel, Nicolaus & Co., Inc..
L.O.: McCall Parkhurst & Horton, Dallas, TX; and State Attorney General.
F.A.: Specialized Public Finance Inc., Austin, TX.
Other bidders were:
Robert W. Baird, TIC 3.6961%
Harris County Municipal Utility District No. 530
Mar 13, 2017 . . . . . . $5,670,000
Unlimited Tax Bonds, Series 2017 (book entry).
Dated Mar 15, 2017.
Due Sep 1, 2018 to 2042.
Callable Sep 1, 2023 at par.
Winning bid: RBC Capital Mkts, at 97.5000, NIC 3.8917%.
| Due | Amount | Cpn | Yield | Conc | Ins |
|---|---|---|---|---|---|
| 9/1/18 | $225,000 | 2.00% | 1.50% | ||
| 9/1/19 | $230,000 | 2.00% | 1.75% | ||
| 9/1/20 | $230,000 | 2.00% | 2.00% | ||
| 9/1/21 | $230,000 | 3.00% | 2.25% | ||
| 9/1/22 | $230,000 | 3.00% | 2.50% | ||
| 9/1/23 | $230,000 | 3.00% | 2.75% | ||
| 9/1/24 | $230,000 | 3.00% | 3.00% | ||
| 9/1/25 | $230,000 | 3.00% | 3.15% | ||
| 9/1/26 | $230,000 | 3.25% | 3.30% | ||
| 9/1/27 | $230,000 | 3.375% | 3.40% | ||
| 9/1/28 | $225,000 | 3.50% | 3.50% | ||
| 9/1/29 | $225,000 | 3.50% | 3.60% | ||
| 9/1/30 | $225,000 | 3.625% | 3.70% | ||
| 9/1/31 | $225,000 | 3.75% | 3.75% | ||
| 9/1/32 | $225,000 | 3.75% | 3.80% | ||
| 9/1/33 | $225,000 | 3.75% | 3.85% | ||
| 9/1/34 | $225,000 | 3.75% | 3.90% | ||
| 9/1/35 | $225,000 | 3.75% | 3.95% | ||
| 9/1/39 | $900,000 | 4.00% | 4.00% | ||
| 9/1/42 | $675,000 | 4.00% | 4.10% |
L.O.: Allen Boone Humphries Robinson LLP, Houston, TX; and State Attorney General.
F.A.: FirstSouthwest, a Division of Hilltop Securities Inc., Houston, TX.
Other bidders were:
GMS Group, NIC 3.9123%
FMSbonds, NIC 4.1962%
Harris County Water Control and Improvement District No. 116
Mar 13, 2017 . . . . . . $5,625,000
Unlimited Tax Bonds, Series 2017 (bank qualified) (book entry).
Dated Apr 1, 2017.
Due Mar 1, 2018 to 2037.
Callable Mar 1, 2024 at par.
Winning bid: Hilltop Securities, at 98.0000, NIC 3.4691%.
| Due | Amount | Cpn | Yield | Conc | Ins |
|---|---|---|---|---|---|
| 3/1/18 | $210,000 | 2.00% | 1.20% | NPFGC | |
| 3/1/19 | $215,000 | 2.00% | 1.50% | NPFGC | |
| 3/1/20 | $220,000 | 2.00% | 1.75% | NPFGC | |
| 3/1/21 | $225,000 | 2.00% | 2.00% | NPFGC | |
| 3/1/22 | $230,000 | 2.10% | 2.10% | NPFGC | |
| 3/1/23 | $235,000 | 2.30% | 2.30% | NPFGC | |
| 3/1/24 | $245,000 | 2.50% | 2.50% | NPFGC | |
| 3/1/25 | $250,000 | 2.70% | 2.70% | NPFGC | |
| 3/1/26 | $260,000 | 3.00% | 2.80% | NPFGC | |
| 3/1/27 | $270,000 | 3.00% | 2.90% | NPFGC | |
| 3/1/28 | $275,000 | 3.00% | 3.05% | NPFGC | |
| 3/1/29 | $285,000 | 3.00% | 3.15% | NPFGC | |
| 3/1/30 | $295,000 | 3.125% | 3.25% | NPFGC | |
| 3/1/31 | $305,000 | 3.25% | 3.35% | NPFGC | |
| 3/1/32 | $320,000 | 3.375% | 3.45% | NPFGC | |
| 3/1/34 | $675,000 | 3.50% | 3.625% | NPFGC | |
| 3/1/37 | $1,110,000 | 3.75% | 3.90% | NPFGC |
L.O.: Radcliffe Bobbitt Adams Polley PLLC, Houston, TX; and State Attorney General.
F.A.: Blitch Associates, Inc., Houston, TX.
Other bidders were:
SAMCO Cap Mkts, NIC 3.4948%
Raymond James, NIC 3.5031%
Stifel Nicolaus, NIC 3.6256%
Robert W. Baird, NIC 3.6496%
Northland Securities, NIC 3.747%
WISCONSIN
Baraboo School District
Mar 13, 2017 . . . . . . $9,995,000
General Obligation School Improvement Bonds (bank qualified) (book entry).
Dated Apr 5, 2017.
Due Oct 1, 2017 to Apr 1, 2037.
Callable Apr 1, 2026 at par.
Winning bid: BOK Fin Secs, at 100.2628, TIC 2.7895%.
| Due | Amount | Cpn | Yield | Conc | Ins |
|---|---|---|---|---|---|
| 10/1/17 | $140,000 | 2.00% | 0.95% | NPFGC | |
| 4/1/18 | $915,000 | 2.00% | 1.00% | NPFGC | |
| 4/1/21 | $535,000 | 2.00% | 1.60% | NPFGC | |
| 4/1/22 | $825,000 | 2.00% | 1.80% | NPFGC | |
| 4/1/23 | $845,000 | 2.50% | 2.00% | NPFGC | |
| 4/1/24 | $865,000 | 2.50% | 2.10% | NPFGC | |
| 4/1/25 | $790,000 | 2.50% | 2.20% | NPFGC | |
| 4/1/26 | $815,000 | 2.50% | 2.30% | NPFGC | |
| 4/1/27 | $840,000 | 3.00% | 2.45% | NPFGC | |
| 4/1/28 | $845,000 | 3.00% | 2.65% | NPFGC | |
| 4/1/29 | $895,000 | 3.00% | 2.75% | NPFGC | |
| 4/1/30 | $900,000 | 3.00% | 2.85% | NPFGC | |
| 4/1/37 | $785,000 | 3.35% | 3.35% | NPFGC |
Other managers: Stifel, Nicolaus & Co., Inc., SunTrust Robinson Humphrey.
L.O.: Quarles & Brady, Milwaukee, WI.
F.A.: Robert W. Baird & Co., Inc., Milwaukee, WI.
Other bidders were:
Northland Securities, TIC 2.8407%
Mesirow Financial, TIC 2.843%
Janney Montgomery, TIC 2.9388%
Beaver Dam Unified School District
Mar 13, 2017 . . . . . . $7,000,000
General Obligation Refunding Bonds, Series 2017A (bank qualified) (book entry).
Dated Apr 3, 2017.
Due Apr 1, 2033 to 2037.
Callable Apr 1, 2025 at par.
Winning bid: Northland Securities, at 101.0000, TIC 3.6247%.
| Due | Amount | Cpn | Yield | Conc | Ins |
|---|---|---|---|---|---|
| 4/1/33 | $1,000,000 | 4.50% | 3.15% | NPFGC | |
| 4/1/34 | $1,420,000 | 3.25% | 3.25% | NPFGC | |
| 4/1/35 | $1,475,000 | 3.50% | 3.35% | NPFGC | |
| 4/1/36 | $1,525,000 | 3.50% | 3.45% | NPFGC | |
| 4/1/37 | $1,580,000 | 4.00% | 3.20% | NPFGC |
Other managers: D.A. Davidson & Co..
L.O.: Quarles & Brady, Milwaukee, WI.
F.A.: PMA Securities, Inc., Milwaukee, WI.
Other bidders were:
Cantor Fitzgerald, TIC 3.6999%
Robert W. Baird, TIC 3.7386%
Janney Montgomery, TIC 3.805%
