Market Data
Results of competitive sales: 12/12/2024

ARKANSAS

Bald Knob School District No. 1 of White County

Dec 11, 2024 $1,47,10,000

Refunding and Construction Bonds (Arkansas School District Intercept Program) (book entry).

Dated Jan 8, 2025.

Due Feb 1, 2026 to 2055.

Callable Feb 1, 2030 at par.

Winning bid: Carty & Co, at 98.2292, TIC 3.9942%.

L.O.: Friday Eldredge & Clark, Little Rock, AR.

F.A.: Stephens Inc., Little Rock, AR.

Other bidders were:

Raymond James, TIC 4.0253%

Baird, TIC 4.0458%


ILLINOIS

Barrington Community Unit School District No. 220

Dec 10, 2024 $1,33,20,000

General Obligation School Bonds, Series 2024 (book entry).

Dated Dec 30, 2024.

Due Dec 1, 2026 to 2034.

Non-callable.

Winning bid: KeyBanc Cap Mkts, at 111.8025, TIC 2.8915%.

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

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

Other bidders were:

Jefferies, TIC 2.9141%

Raymond James, TIC 2.9234%

UBS Financial Svcs, TIC 2.9316%

Piper Sandler, TIC 2.932%

Fifth Third Secs, TIC 2.9347%

Mesirow Financial, TIC 2.9381%

Baird, TIC 2.9463%

Hilltop Securities, TIC 2.9945%

Janney Montgomery, TIC 3.0676%

Huntington Secs, TIC 3.2127%


Dekalb Park District

Dec 11, 2024 $15,11,255

General Obligation Limited Tax Park Bonds, Series 2024B (bank qualified).

Dated Dec 23, 2024.

Due Nov 1, 2025.

Non-callable.

Winning bid: Time Bank, at n/a, NIC 3.63%.

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

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

Other bidders were:

First Secure Comm Bk, NIC 3.76%

Resource Bk, N.A., NIC 4.05%

Peoples Natl Bk, NIC 4.12%


Glen Ellyn Park District

Dec 10, 2024 $14,05,595

General Obligation Limited Tax Park Bonds, Series 2024B (bank qualified).

Dated Dec 30, 2024.

Due Dec 15, 2025.

Non-callable.

Winning bid: Wintrust Bank, at n/a, NIC 3.56%.

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

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

Other bidders were:

Republic Bk- Chicago, NIC 3.57%

Time Bank, NIC 3.61%

First Secure Comm Bk, NIC 3.76%

Peoples Natl Bk, NIC 3.94%


MAINE

Town of Washburn

Dec 11, 2024 $50,00,000

2024 General Obligation Bonds (bank qualified) (book entry).

Dated Dec 27, 2024.

Due Nov 1, 2025 to 2054.

Callable Nov 1, 2034 at par.

Winning bid: Fidelity Capital, at 101.3121, TIC 3.8768%.

Other managers: Raymond James & Associates, Inc..

L.O.: Bernstein, Shur, Sawyer & Nelson P.A., Augusta, ME.

F.A.: Northeast Municipal Advisors LLC, Portland, ME.

Other bidders were:

Piper Sandler, TIC 3.9545%

Baird, TIC 3.9902%

Roosevelt & Cross, TIC 4.2178%


MASSACHUSETTS

Framingham (City)

Dec 11, 2024 $1,12,03,019

General Obligation Bond Anticipation Notes (book entry).

Dated Dec 19, 2024.

Due Dec 18, 2025.

Purchased $11,203,019.00 by Jefferies, at 4.0%, plus $155,497.90, effective rate 2.6081%.

L.O.: Locke Lord LLP, Boston, MA.

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

Other bidders were:

TD Securities, Effective Rate 2.9762%

BNY Mellon Cap Mkts, Effective Rate 2.9891%

Oppenheimer, Effective Rate 2.9926%

Fidelity Capital, Effective Rate 3.0835%


MINNESOTA

Richfield (City)

Dec 10, 2024 $1,00,00,000

General Obligation Sales Tax Bonds, Series 2024A (bank qualified) (book entry).

Dated Dec 30, 2024.

Due Feb 1, 2026 to 2030.

Non-callable.

Winning bid: Hilltop Securities, at 106.6101, TIC 2.7131%.

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

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

Other bidders were:

Jefferies, TIC 2.753%

Piper Sandler, TIC 2.7586%

KeyBanc Cap Mkts, TIC 2.7822%

Mesirow Financial, TIC 2.793%

Baird, TIC 2.8183%

BOK Fin Secs, TIC 2.8195%

TD Securities, TIC 2.8278%

Northland Securities, TIC 2.8557%


Special School District No. 1 (Minneapolis)

Dec 10, 2024 $2,68,10,000

General Obligation Long-Term Facilities Maintenance Bonds, Series 2024B (Minnesota School District Enhancement Program) (book entry).

Dated Dec 31, 2024.

Due Feb 1, 2026 to 2045.

Callable Feb 1, 2034 at par.

Winning bid: TD Securities, at 112.3206, TIC 3.5124%.

L.O.: Dorsey & Whitney, Minneapolis, MN.

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

Other bidders were:

JPMorgan, TIC 3.5363%

BofA Securities, TIC 3.5422%

Jefferies, TIC 3.5815%

Wells Fargo Corp, TIC 3.588%

KeyBanc Cap Mkts, TIC 3.6076%

Morgan Stanley, TIC 3.6086%

Baird, TIC 3.6269%


Special School District No. 1 (Minneapolis)

Dec 10, 2024 $5,04,65,000

General Obligation School Building Bonds, Series 2024A (Minnesota School District Credit Enhancement Program) (book entry).

Dated Dec 31, 2024.

Due Feb 1, 2026 to 2045.

Callable Feb 1, 2034 at par.

Winning bid: JPMorgan, at 110.3786, TIC 3.554%.

In association with: Academy Securities Inc..

In association with: Estrada Hinojosa & Company, Inc., Rice Financial Products Company, Stern Brothers & Co..

L.O.: Dorsey & Whitney, Minneapolis, MN.

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

Other bidders were:

TD Securities, TIC 3.5577%

Piper Sandler, TIC 3.5592%

BofA Securities, TIC 3.5594%

RBC Capital Mkts, TIC 3.5676%

Jefferies, TIC 3.5971%

Wells Fargo Corp, TIC 3.6%

Morgan Stanley, TIC 3.6364%

Baird, TIC 3.6564%


MISSOURI

Fulton Public School District No. 58 of Callaway County

Dec 11, 2024 $98,00,000

General Obligation Refunding Bonds, Series 2024 (Missouri Direct Deposit Program) (bank qualified) (book entry).

Dated Dec 20, 2024.

Due Mar 1, 2036 to 2040.

Callable Mar 1, 2030 at par.

Winning bid: BOK Fin Secs, at 101.7150, TIC 3.8342%.

L.O.: Armstrong Teasdale LLP, Kansas City, MO.

F.A.: L.J. Hart & Company, St. Louis, MO.

Other bidders were:

Baird, TIC 3.8692%

Raymond James, TIC 3.8959%

Hilltop Securities, TIC 3.9295%

KeyBanc Cap Mkts, TIC 3.9559%


NEW YORK

Philipstown (Town)

Dec 11, 2024 $1,25,500

Bond Anticipation Notes, 2024 (Series C) (bank qualified).

Dated Dec 19, 2024.

Due Dec 19, 2025.

Purchased $125,500.00 by Bank of Greene Co, at 4.25%, effective rate 4.25%.

L.O.: Orrick, Herrington & Sutcliffe, New York, NY.

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

Other bidders were:

Roosevelt & Cross, Effective Rate 4.9195%


TENNESSEE

Loudon (City)

Dec 11, 2024 $83,20,000

Electric System Revenue Bonds, Series 2024 (book entry).

Dated Dec 17, 2024.

Due Sep 1, 2025 to 2044.

Callable Sep 1, 2034 at par.

Winning bid: Raymond James, at 109.1048, TIC 3.5951%.

Other managers: Fidelity Capital Markets, Ramirez & Co., Inc., SumRidge Partners, LLC, Advisors Asset Management Inc, American Veterans Group, Intercoastal Capital Markets, Inc..

L.O.: Bass, Berry & Sims PLC, Nashville, TN.

F.A.: Oakdale Municipal Advisors, Portland, TN.

Other bidders were:

Baker Group, TIC 3.6026%

UMB Bank, TIC 3.6065%

D.A. Davidson, TIC 3.6362%

Hilltop Securities, TIC 3.6499%

KeyBanc Cap Mkts, TIC 3.6963%

Baird, TIC 3.7019%

FHN Fin Cap Mkts, TIC 3.7503%


TEXAS

Harris County Municipal Utility District No. 120

Dec 11, 2024 $32,70,000

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

Dated Jan 1, 2025.

Due Aug 1, 2027 to 2045.

Callable Aug 1, 2031 at par.

Winning bid: Raymond James, at 99.1682, NIC 3.7278%.

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

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

Other bidders were:

Baird, NIC 3.8009%

Baker Group, NIC 3.8413%

SAMCO Cap Mkts, NIC 3.9126%

Crews & Associates, NIC 3.9296%

Hilltop Securities, NIC 4.0311%


WISCONSIN

Marshfield Unified School District

Dec 11, 2024 $1,40,00,000

General Obligation School Building and Facility Improvement Bonds, Series 2024 (book entry).

Dated Dec 30, 2024.

Due Apr 1, 2025 to 2044.

Callable Apr 1, 2033 at par.

Winning bid: BOK Fin Secs, at 104.1270, TIC 3.8018%.

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

F.A.: PMA Securities, Inc., Milwaukee, WI; and PMA Securities, Inc., Warrenville, IL.

Other bidders were:

Hilltop Securities, TIC 3.8641%

Fidelity Capital, TIC 3.8657%

Baird, TIC 3.8891%

TD Securities, TIC 3.9146%


Reedsburg School District

Dec 11, 2024 $1,40,00,000

General Obligation School Improvement Bonds (book entry).

Dated Dec 30, 2024.

Due Apr 1, 2025 to 2044.

Callable Apr 1, 2035 at par.

Winning bid: BOK Fin Secs, at 103.9404, TIC 3.6976%.

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

F.A.: Wisconsin Public Finance Professional, LLC, Brookfield, WI.

Other bidders were:

Baird, TIC 3.704%

Raymond James, TIC 3.7667%

TD Securities, TIC 3.813%

Hilltop Securities, TIC 3.8272%


TAXABLE ISSUES


GEORGIA

Lawrenceville Downtown Development Authority

Dec 11, 2024 $86,85,000

Revenue Bonds (The Lawrence Hotel Project), Federally Taxable Series 2024B (book entry).

Dated Dec 19, 2024.

Due Dec 1, 2030 to 2038.

Callable Dec 1, 2029 at par.

Winning bid: Baird, at 99.1063, TIC 4.7915%.

Other managers: CL King & Associates, Stifel, Nicolaus & Co., Inc., Crews & Associates, Inc., Edward Jones, Northland Securities, Inc., Middlegate Securities, Oppenheimer & Co., Inc., Bank of New York Mellon Capital Markets, LLC, Cadz Securities Inc,, First Bankers' Banc Securities Inc., SouthState | DuncanWilliams Securities Corp., Bernardi Securities, Inc., Isaak Bond Investments, Inc., Celadon Financial Group, LLC, A.G.P./Alliance Global Partners, Wintrust Bank, First Southern LLC, Dinosaur Securities, Mountainside Securities LLC, StoneX Financial Inc., Valdes & Moreno, Inc., Blaylock Van, LLC, Carty & Company, Inc., Caldwell Sutter Capital, Inc..

L.O.: Butler Snow, LLP, Atlanta, GA.

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

Other bidders were:

Hilltop Securities, TIC 4.9036%

Piper Sandler, TIC 4.9525%

Wells Fargo Corp, TIC 5.1046%


MINNESOTA

Iron Range Resources and Rehabilitation Department

Dec 11, 2024 $45,75,000

Taxable Revenue Bonds, Series 2024B (book entry).

Dated Dec 31, 2024.

Due Oct 1, 2025 to 2027.

Non-callable.

Winning bid: Baird, at 99.4139, TIC 4.6151%.

Other managers: CL King & Associates, Colliers Securities LLC, Crews & Associates, Inc., Bank of New York Mellon Capital Markets, LLC, Cadz Securities Inc,, Country Club Bank, Celadon Financial Group, LLC, A.G.P./Alliance Global Partners, Dinosaur Securities, Mountainside Securities LLC, StoneX Financial Inc., Valdes & Moreno, Inc., Blaylock Van, LLC, Carty & Company, Inc., Caldwell Sutter Capital, Inc..

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

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

Other bidders were:

Northland Securities, TIC 4.6342%