Market Data
Results of competitive sales: 08/01/2025

CONNECTICUT

Connecticut Regional School District No. 18

Jul 31, 2025 $20,110,000

General Obligation Bond Anticipation Notes (book entry).

Dated Aug 14, 2025.

Due Aug 13, 2026.

Purchased $20,110,000.00 by Jefferies, at 4.0%, plus $261,832.20, effective rate 2.6944%.

L.O.: Robinson & Cole, Hartford, CT.

F.A.: Munistat Services, Inc., Madison, CT.

Other bidders were:

TD Securities, Effective Rate 2.7545%

Oppenheimer, Effective Rate 2.7586%

Janney Montgomery, Effective Rate 2.7961%

Fidelity Capital, Effective Rate 2.8107%

Coventry (Town)

Jul 31, 2025 $9,141,000

General Obligation Bond Anticipation Notes (bank qualified) (book entry).

Dated Aug 14, 2025.

Due Aug 13, 2026.

Purchased $9,141,000.00 by Jefferies, at 4.0%, plus $121,392.48, effective rate 2.6683%.

L.O.: Robinson & Cole, Hartford, CT.

F.A.: Munistat Services, Inc., Madison, CT.

Other bidders were:

TD Securities, Effective Rate 2.7703%

Oppenheimer, Effective Rate 2.7706%

Piper Sandler, Effective Rate 2.8277%


KENTUCKY

Harlan County School District Finance Corporation

Jul 31, 2025 $615,000

School Building Revenue Bonds, Series 2025 (Kentucky State School District Credit Enhancement Program) (bank qualified) (book entry).

Dated Aug 21, 2025.

Due Aug 1, 2026 to 2045.

Callable Aug 1, 2033 at par.

Winning bid: Bernardi Securities, at 98.1111, NIC 4.9729%.

L.O.: Steptoe & Johnson PLLC, Louisville, KY.

F.A.: RSA Advisors, LLC, Lexington, KY.


Russell Independent School District Finance Corporation

Jul 30, 2025 $4,125,000

School Building Revenue Bonds, Series of 2025 (Kentucky State School District Credit Enhancement Program) (bank qualified) (book entry).

Dated Aug 20, 2025.

Due Aug 1, 2026 to 2045.

Callable Aug 1, 2033 at par.

Winning bid: Stifel Nicolaus, at 98.0043, NIC 4.4792%.

Other managers: BOK Financial Securities.

L.O.: Steptoe & Johnson PLLC, Louisville, KY.

F.A.: RSA Advisors, LLC, Lexington, KY.

Other bidders were:

Raymond James, NIC 4.5472%

TD Securities, NIC 4.5521%

Baird, NIC 4.5539%

KeyBanc Cap Mkts, NIC 4.8529%


MICHIGAN

Dean Lake - Lake Level Special Assessment District

Jul 31, 2025 $1,870,000

Special Assessment Bonds, Series 2025 (General Obligation Limited Tax) (bank qualified) (book entry).

Dated Aug 21, 2025.

Due Jun 1, 2026 to 2045.

Callable Jun 1, 2035 at par.

Winning bid: Brownstone Inv Grp, at 103.8958, TIC 4.1687%.

L.O.: Dickinson Wright PLLC, Grand Rapids, MI.

F.A.: MFCI, LLC, Milford, MI.

Other bidders were:

Raymond James, TIC 4.2353%

Baird, TIC 4.2468%

StoneX Fin Inc., TIC 4.298%


Hart Public Schools

Jul 30, 2025 $3,465,000

2025 School Building and Site Bonds, Series I (General Obligation - Unlimited Tax).

Dated Aug 21, 2025.

Due May 1, 2029 to 2045.

Callable May 1, 2035 at par.

Winning bid: TD Securities, at 103.7018, TIC 4.6396%.

L.O.: Thrun Law Firm, P.C., East Lansing, MI.

F.A.: PFM Financial Advisors LLC, Ann Arbor, MI.

Other bidders were:

Bernardi Securities, TIC 4.6404%

Huntington Secs, TIC 4.6791%

Baird, TIC 4.6932%

KeyBanc Cap Mkts, TIC 4.787%

StoneX Fin Inc., TIC 4.7871%

FHN Fin Cap Mkts, TIC 4.8197%


Waterford Charter Township

Jul 31, 2025 $9,945,000

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

Dated Aug 20, 2025.

Due May 1, 2026 to 2045.

Callable May 1, 2035 at par.

Winning bid: Raymond James, at 102.6045, TIC 4.2976%.

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

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

F.A.: Baker Tilly Municipal Advisors, LLC, Southfield, MI; and Baker Tilly Municipal Advisors, LLC, Indianapolis, IN.

Other bidders were:

Loop Capital, TIC 4.3281%

Baird, TIC 4.3385%

StoneX Fin Inc., TIC 4.3401%

TD Securities, TIC 4.3526%

Brownstone Inv Grp, TIC 4.3545%

Huntington Secs, TIC 4.3798%

Hilltop Securities, TIC 4.4183%


NEW JERSEY

Alpine Borough

Jul 31, 2025 $2,150,000

General Obligation Bond Anticipation Notes (bank qualified).

Dated Aug 12, 2025.

Due Aug 12, 2026.

Purchased $2,150,000.00 by Janney Montgomery, at 4.25%, plus $2,709.00, effective rate 4.124%.

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

F.A.: Municipal Official(s).

Clifton (City)

Jul 30, 2025 $18,460,000

General Improvement Bonds, Series 2025 (book entry).

Dated Aug 28, 2025.

Due Aug 15, 2026 to 2036.

Callable Aug 15, 2032 at par.

Winning bid: PNC Capital Markets, at 104.7721, TIC 3.1945%.

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

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

Other bidders were:

Jefferies, TIC 3.2572%

Hilltop Securities, TIC 3.268%

Cabrera Cap Mkts, TIC 3.2823%

Janney Montgomery, TIC 3.2832%

FHN Fin Cap Mkts, TIC 3.2938%

Huntington Secs, TIC 3.2953%

Mesirow Financial, TIC 3.3414%

Raymond James, TIC 3.3543%

TD Securities, TIC 3.3722%

Baird, TIC 3.3791%


Perth Amboy (City)

Jul 31, 2025 $8,938,000

General Obligation Bonds, Series 2025, Consisting of: $4,063,000* Gen Imp Bonds, $4,175,000* Water/Wastewater Util Bonds, $400,000* Parking Util Bonds and $300,000* Marina Util Bonds (book entry).

Dated Aug 14, 2025.

Due Jun 1, 2026 to 2048.

Callable Jun 1, 2033 at par.

Winning bid: Roosevelt & Cross, at 103.6717, TIC 3.9301%.

Other managers: FHN Financial Capital Markets, Stifel, Nicolaus & Co., Inc., R. Seelaus & Co., Inc., Edward Jones, CINCaP Investment Group.

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

F.A.: GB Associates LLC, South Orange, NJ; and GB Associates LLC, Livingston, NJ.

Other bidders were:

TD Securities, TIC 3.9503%

Baird, TIC 3.9799%

PNC Capital Markets, TIC 4.1156%

Fidelity Capital, TIC 4.1348%

Pleasantville (City)

Jul 31, 2025 $2,173,982

Bond Anticipation Notes, Series 2025 (bank qualified).

Dated Aug 14, 2025.

Due May 13, 2026.

Purchased $2,173,982.00 by Oppenheimer, at 4.0%, plus $5,934.97, effective rate 3.6346%.

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

F.A.: Municipal Official(s).

Other bidders were:

Passaic Vly Wtr Comm, Effective Rate 4.2999%

Shamong Township

Jul 30, 2025 $1,454,591

Bond Anticipation Notes, Series 2025 (bank qualified).

Dated Aug 7, 2025.

Due Aug 6, 2026.

Purchased $1,454,591.00 by Piper Sandler, at 4.0%, plus $2,981.91, effective rate 3.79%.

L.O.: Raymond Coleman, Moorestown, NJ.

F.A.: Municipal Official(s).

Other bidders were:

Janney Montgomery, Effective Rate 3.8318%


NEW YORK

Berlin Central School District

Jul 31, 2025 $925,733

Bond Anticipation Notes, 2025 (bank qualified).

Dated Aug 21, 2025.

Due Aug 21, 2026.

Purchased $925,733.00 by Oppenheimer, at 4.0%, plus $4,185.00, effective rate 3.5479%.

L.O.: Whiteman Osterman & Hanna, Albany, NY.

F.A.: Fiscal Advisors & Marketing, Inc., Syracuse, NY.

Other bidders were:

Roosevelt & Cross, Effective Rate 3.568%

Pioneer Bank, Effective Rate 3.8%

Bank of Greene Co, Effective Rate 3.97%

Chester Fire District

Jul 30, 2025 $12,000,000

Fire District Serial Bonds, 2025.

Dated Aug 20, 2025.

Due Aug 15, 2026 to 2055.

Callable Aug 15, 2033 at par.

Winning bid: Janney Montgomery, at 100.0264, TIC 4.6263%.

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

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

Other bidders were:

Baird, TIC 4.6776%

Mesirow Financial, TIC 4.687%

Fidelity Capital, TIC 4.6998%

UBS Financial Svcs, TIC 4.722%

Huntington Secs, TIC 4.7636%

Roosevelt & Cross, TIC 4.7801%

Cobleskill-Richmondville Central School District

Jul 31, 2025 $1,500,000

General Obligations Bond Anticipation Notes, 2025.

Dated Aug 14, 2025.

Due Jun 30, 2026.

Purchased $1,500,000.00 by Oppenheimer, at 4.0%, plus $7,026.00, effective rate 3.4664%.

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

F.A.: Fiscal Advisors & Marketing, Inc., Syracuse, NY.

Other bidders were:

Roosevelt & Cross, Effective Rate 3.5751%

Geneseo (Town)

Jul 31, 2025 $1,290,000

Bond Anticipation Notes, 2025 (bank qualified).

Dated Aug 19, 2025.

Due Aug 18, 2026.

Purchased $1,290,000.00 by Oppenheimer, at 4.0%, plus $5,060.00, effective rate 3.6066%.

L.O.: Underberg & Kessler LLP, Rochester, NY.

F.A.: Municipal Solutions, Inc., LeRoy, NY; and Municipal Solutions, Inc., Canandaigua, NY.

Other bidders were:

Roosevelt & Cross, Effective Rate 3.654%

Bank of Greene Co, Effective Rate 3.99%

Five Star Bnk, Effective Rate 4.9%

Harpursville Central School District

Jul 31, 2025 $1,361,214

General Obligations Bond Anticipation Notes, 2025 Series C.

Dated Aug 12, 2025.

Due Aug 12, 2026.

Purchased $1,361,214.00 by Oppenheimer, at 4.0%, plus $9,058.00, effective rate 3.3346%.

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

F.A.: Fiscal Advisors & Marketing, Inc., Syracuse, NY.

Other bidders were:

Roosevelt & Cross, Effective Rate 3.54%

NBT Bank, Effective Rate 3.85%

Kingston (City)

Jul 31, 2025 $439,000

Bond Anticipation Notes, 2025 Series D.

Dated Aug 12, 2025.

Due Aug 12, 2026.

Purchased $439,000.00 by NBT Bank, at 3.3%, effective rate 3.3%.

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

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

Other bidders were:

Roosevelt & Cross, Effective Rate 3.628%

Oppenheimer, Effective Rate 3.7435%

M & T Bank, Effective Rate 4.04%

Bank of Greene Co, Effective Rate 4.5%

JPMorgan Chase, Effective Rate 5.11%

Mamaroneck (Town)

Jul 31, 2025 $4,035,450

Bond Anticipation Notes, 2025 (bank qualified).

Dated Aug 14, 2025.

Due Aug 14, 2026.

Purchased $4,035,450.00 by Fidelity Capital, at 4.0%, plus $48,021.85, effective rate 2.81%.

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

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

Other bidders were:

Oppenheimer, Effective Rate 2.8836%

Jefferies, Effective Rate 2.948%

TD Securities, Effective Rate 2.951%

Piper Sandler, Effective Rate 3.123%

Bank of Greene Co, Effective Rate 3.99%

Morristown Central School District

Jul 31, 2025 $4,844,000

General Obligations Bond Anticipation Notes, 2025 (bank qualified).

Dated Aug 14, 2025.

Due Jul 29, 2026.

Purchased $4,844,000.00 by Piper Sandler, at 3.35%, plus $7,169.12, effective rate 3.1956%.

L.O.: WJ Marquardt PLLC, Skaneateles, NY.

F.A.: Fiscal Advisors & Marketing, Inc., Syracuse, NY.

Other bidders were:

Jefferies, Effective Rate 3.2309%

Oppenheimer, Effective Rate 3.3801%

New Lebanon Central School District

Jul 31, 2025 $612,000

Bond Anticipation Notes, 2025 (bank qualified).

Dated Aug 14, 2025.

Due Aug 14, 2026.

Purchased $612,000.00 by Oppenheimer, at 4.0%, plus $2,506.00, effective rate 3.5905%.

L.O.: Barclay Damon LLP, Albany, NY.

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

Other bidders were:

Roosevelt & Cross, Effective Rate 3.685%

Piper Sandler, Effective Rate 3.847%

Bank of Greene Co, Effective Rate 3.95%

Owego Apalachin Central School District

Jul 31, 2025 $2,738,575

General Obligation Bond Anticipation Notes, 2025.

Dated Aug 14, 2025.

Due Aug 14, 2026.

Purchased $2,738,575.00 by Piper Sandler, at 4.0%, plus $22,322.29, effective rate 3.1849%.

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

F.A.: Fiscal Advisors & Marketing, Inc., Syracuse, NY.

Other bidders were:

Oppenheimer, Effective Rate 3.4897%


Rockland County

Jul 31, 2025 $69,675,000

Various Purposes (Serial) Bonds, 2025 Series A (book entry).

Dated Aug 14, 2025.

Due Aug 1, 2026 to 2054.

Callable Aug 1, 2033 at par.

Winning bid: JPMorgan, at 101.7088, TIC 4.1792%.

In association with: Academy Securities Inc..

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

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

F.A.: Capital Markets Advisors, LLC, Great Neck, NY; and Capital Markets Advisors, LLC, New York, NY.

Other bidders were:

FHN Fin Cap Mkts, TIC 4.1947%

UBS Financial Svcs, TIC 4.2162%

Mesirow Financial, TIC 4.22%

Cabrera Cap Mkts, TIC 4.23%

BofA Securities, TIC 4.2406%

Baird, TIC 4.2603%

Wells Fargo Corp, TIC 4.267%

Raymond James, TIC 4.2754%

RBC Capital Mkts, TIC 4.2766%

TD Securities, TIC 4.2929%

Jefferies, TIC 4.358%

Schenevus Central School District

Jul 31, 2025 $725,000

Bond Anticipation Notes, 2025 (Renewals) (bank qualified).

Dated Aug 19, 2025.

Due Jul 17, 2026.

Purchased $725,000.00 by Oppenheimer, at 4.0%, plus $2,102.00, effective rate 3.6818%.

L.O.: Timothy R. McGill, Esq., Fairport, NY.

F.A.: Fiscal Advisors & Marketing, Inc., Syracuse, NY.

Other bidders were:

Roosevelt & Cross, Effective Rate 3.7464%

Bank of Greene Co, Effective Rate 3.99%

Springville-Griffith Institute Central School District

Jul 31, 2025 $2,030,000

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

Dated Aug 14, 2025.

Due Aug 14, 2026.

Purchased $2,030,000.00 by BNY Mellon Cap Mkts, at 4.0%, plus $15,851.05, effective rate 3.2192%.

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

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

Other bidders were:

Oppenheimer, Effective Rate 3.3261%

Piper Sandler, Effective Rate 3.355%

Unadilla Valley Central School District

Jul 31, 2025 $13,750,000

General Obligations Bond Anticipation Notes, 2025.

Dated Aug 14, 2025.

Due Jun 26, 2026.

Purchased $13,750,000.00 by Jefferies, at 4.0%, plus $129,255.00, effective rate 2.9153%.

L.O.: Trespasz Law Offices LLP, Syracuse, NY.

F.A.: Fiscal Advisors & Marketing, Inc., Syracuse, NY.

Other bidders were:

Oppenheimer, Effective Rate 2.9394%

TD Securities, Effective Rate 2.9838%

Watertown (Town)

Jul 31, 2025 $570,802

Bond Anticipation Notes, Series 2025A (bank qualified).

Dated Aug 20, 2025.

Due Apr 9, 2026.

Purchased $570,802.00 by Bank of Greene Co, at 4.44%, effective rate 4.44%.

L.O.: Barclay Damon LLP, Albany, NY.

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

Other bidders were:

Oppenheimer, Effective Rate 4.4859%


TEXAS

Fort Bend County Municipal Utility District No. 134D

Jul 31, 2025 $21,560,000

Unlimited Tax Bonds, Series 2025 (book entry).

Dated Sep 1, 2025.

Due Sep 1, 2026 to 2049.

Callable Sep 1, 2030 at par.

Winning bid: Raymond James, at 98.6325, NIC 4.8363%.

Other managers: Fidelity Capital Markets.

L.O.: Coats Rose, P.C, Houston, TX; and State Attorney General.

F.A.: Baird, Houston, TX.

Other bidders were:

SAMCO Cap Mkts, NIC 4.9087%

Northland Securities, NIC 4.9292%

Hilltop Securities, NIC 4.9996%


Murphy (City)

Jul 31, 2025 $17,620,000

Tax and Waterworks and Sewer System (Limited Pledge) Revenue Certificates of Obligation, Series 2025 (book entry).

Dated Aug 15, 2025.

Due Feb 15, 2026 to 2045.

Callable Feb 15, 2034 at par.

Winning bid: BOK Fin Secs, at 105.0799, TIC 4.4535%.

L.O.: Norton Rose Fulbright US LLP, Dallas, TX; and State Attorney General.

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

Other bidders were:

Huntington Secs, TIC 4.4759%

Baird, TIC 4.485%

Fidelity Capital, TIC 4.542%