Market Data
Results of competitive sales: 08/22/2025

CALIFORNIA

San Gabriel Unified School District

Aug 20, 2025 $14,395,000

2025 General Obligation Refunding Bonds (book entry).

Dated Sep 10, 2025.

Due Aug 1, 2026 to 2033.

Non-callable.

Winning bid: RBC Capital Mkts, at 111.3381, TIC 2.2658%.

L.O.: Jones Hall LLP, San Mateo, CA.

F.A.: Fieldman, Rolapp & Associates, Irvine, CA.

Other bidders were:

Huntington Secs, TIC 2.2738%

KeyBanc Cap Mkts, TIC 2.3201%

Hilltop Securities, TIC 2.3257%

UBS Financial Svcs, TIC 2.3453%

Janney Montgomery, TIC 2.3474%

Morgan Stanley, TIC 2.36%

Baird, TIC 2.361%

Fifth Third Secs, TIC 2.372%

FHN Fin Cap Mkts, TIC 2.3858%

Brownstone Inv Grp, TIC 2.4038%

Loop Capital, TIC 2.4284%


INDIANA

West Noble High School Building Corporation

Aug 21, 2025 $12,535,000

Ad Valorem Property Tax First Mortgage Bonds, Series 2025 (Indiana State Aid Intercept Program) (book entry).

Dated Sep 10, 2025.

Due Jul 15, 2027 to Jan 15, 2045.

Callable Jul 15, 2033 at par.

Winning bid: Raymond James, at 101.4503, TIC 4.2861%.

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

L.O.: Ice Miller, Indianapolis, IN.

F.A.: Baker Tilly Municipal Advisors, LLC, Indianapolis, IN.

Other bidders were:

Baird, TIC 4.3034%

TD Securities, TIC 4.3103%

Bernardi Securities, TIC 4.4725%

Mesirow Financial, TIC 4.5179%


NEW JERSEY

Boonton Township

Aug 20, 2025 $12,366,000

Bond Anticipation Notes (book entry).

Dated Aug 28, 2025.

Due Aug 28, 2026.

Purchased $12,366,000.00 by BNY Mellon Cap Mkts, at 4.0%, plus $133,244.89, effective rate 2.9225%.

L.O.: Hawkins, Delafield & Wood, Newark, NJ.

F.A.: Municipal Official(s).

Other bidders were:

Oppenheimer, Effective Rate 3.43%

Jefferies, Effective Rate 3.475%

Monroe Township (Gloucester County)

Aug 21, 2025 $13,863,000

Bond Anticipation Notes of 2025, Series A (book entry).

Dated Sep 4, 2025.

Due Sep 3, 2026.

Purchased $13,863,000.00 by Jefferies, at 4.0%, plus $167,880.93, effective rate 2.7856%.

L.O.: Parker, McCay, P.A., Mount Laurel, NJ.

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

Other bidders were:

Oppenheimer, Effective Rate 2.8638%

Old Bridge Township

Aug 21, 2025 $21,750,000

Notes, Series 2025 Consisting of $15,000,000 General Improvement Notes Series 2025, $300,000 Arena Utility Notes, Series And $6,450,000 Emergency Notes, Series 2025 (book entry).

Dated Sep 10, 2025.

Due Sep 9, 2026.

Purchased $21,750,000.00 by Jefferies, at 4.0%, plus $293,625.00, effective rate 2.6462%.

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

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

Other bidders were:

BNY Mellon Cap Mkts, Effective Rate 2.6835%

Oppenheimer, Effective Rate 2.6864%

TD Securities, Effective Rate 2.7455%

Palmyra Borough

Aug 21, 2025 $1,400,000

Bond Anticipation Notes (bank qualified).

Dated Aug 28, 2025.

Due Dec 5, 2025.

Purchased $1,400,000.00 by First Colonial, at 3.79%, effective rate 3.79%.

L.O.: Archer & Greiner P.C., Red Bank, NJ.

F.A.: Acacia Financial Group, Inc., Mount Laurel, NJ.

Other bidders were:

Piper Sandler, Effective Rate 4.6275%

Roseland Borough

Aug 21, 2025 $5,361,125

Bond Anticipation Notes Consisting of: $4,079,719 General Improvement Bond Anticipation Note And $1,281,406 Water/Sewer Utility Bond Anticipation Note (bank qualified).

Dated Sep 4, 2025.

Due Jun 4, 2026.

Purchased $5,361,125.00 by Janney Montgomery, at 3.4%, plus $4,428.28, effective rate 3.2899%.

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

F.A.: Acacia Financial Group, Inc., Mount Laurel, NJ.

Other bidders were:

Oppenheimer, Effective Rate 3.5893%

Rutherford Borough

Aug 21, 2025 $4,750,000

Bond Anticipation Notes (bank qualified).

Dated Sep 8, 2025.

Due Jun 5, 2026.

Purchased $4,750,000.00 by Piper Sandler, at 3.4%, plus $2,802.50, effective rate 3.3204%.

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

F.A.: Municipal Official(s).

Other bidders were:

Oppenheimer, Effective Rate 3.5335%

BCB Bank, Effective Rate 3.91%

Westfield Town Board of Education

Aug 21, 2025 $25,000,000

Temporary Notes.

Dated Sep 4, 2025.

Due Sep 3, 2026.

Purchased $25,000,000.00 by Jefferies, at 4.0%, plus $350,500.00, effective rate 2.5941%.

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

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

Other bidders were:

TD Securities, Effective Rate 2.6399%

BNY Mellon Cap Mkts, Effective Rate 2.6562%

Oppenheimer, Effective Rate 2.6864%


NEW YORK

Canton Central School District

Aug 21, 2025 $1,783,200

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

Dated Sep 4, 2025.

Due Sep 4, 2026.

Purchased $1,783,200.00 by Piper Sandler, at 3.75%, plus $11,644.30, effective rate 3.097%.

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

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

Other bidders were:

Oppenheimer, Effective Rate 3.2595%

Roosevelt & Cross, Effective Rate 3.305%

Bank of Greene Co, Effective Rate 3.65%

NBT Bank, Effective Rate 3.95%

Germantown Central School District

Aug 21, 2025 $6,000,000

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

Dated Sep 4, 2025.

Due Jul 23, 2026.

Purchased $6,000,000.00 by Oppenheimer, at 4.0%, plus $47,355.00, effective rate 3.1093%.

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

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

Other bidders were:

BNY Mellon Cap Mkts, Effective Rate 3.179%

Bank of Greene Co, Effective Rate 3.59%


Holland Central School District

Aug 21, 2025 $363,043

School District Serial Bonds, 2025 (bank qualified).

Dated Sep 4, 2025.

Due Sep 1, 2026 to 2030.

Non-callable.

Winning bid: Roosevelt & Cross, at n/a, NIC 4.0783%.

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

F.A.: Capital Markets Advisors, LLC, Orchard Park, NY.

Lindenhurst Union Free School District

Aug 21, 2025 $40,000,000

Tax Anticipation Notes For 2025-2026 Taxes.

Dated Sep 4, 2025.

Due Jun 24, 2026.

Purchased $40,000,000.00 by JPMorgan, at 4.0%, plus $422,800.00, effective rate 2.6879%.

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

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

Other bidders were:

Jefferies, Effective Rate 2.7395%

BofA Securities, Effective Rate 2.7599%

BNY Mellon Cap Mkts, Effective Rate 2.95%

Maybrook Village

Aug 21, 2025 $1,140,000

Bond Anticipation Notes - 2025 (bank qualified).

Dated Sep 10, 2025.

Due Sep 10, 2026.

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

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

Other bidders were:

Bank of Greene Co, Effective Rate 3.59%

Oppenheimer, Effective Rate 3.8588%

New Paltz Village

Aug 21, 2025 $3,250,000

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

Dated Sep 11, 2025.

Due Sep 11, 2026.

Purchased $3,250,000.00 by Jefferies, at 4.0%, plus $34,612.50, effective rate 2.935%.

L.O.: Squire Patton Boggs (US) LLP, New York, NY.

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

Other bidders were:

Piper Sandler, Effective Rate 2.94%

Oppenheimer, Effective Rate 2.9813%

Hilltop Securities, Effective Rate 3.0371%

M & T Bank, Effective Rate 3.5%

Bank of Greene Co, Effective Rate 3.59%

Patchogue-Medford Union Free School District

Aug 21, 2025 $46,000,000

Tax Anticipation Notes for 2025-2026 Taxes.

Dated Sep 10, 2025.

Due Jun 24, 2026.

Purchased $46,000,000.00 by Jefferies, at 4.0%, plus $449,880.00, effective rate 2.7603%.

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

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

Other bidders were:

JPMorgan, Effective Rate 2.7615%

BNY Mellon Cap Mkts, Effective Rate 2.9896%


Ridge Fire District

Aug 21, 2025 $700,000

Fire District Serial Bonds - 2025 (bank qualified).

Dated Sep 4, 2025.

Due Sep 1, 2026 to 2035.

Non-callable.

Winning bid: Roosevelt & Cross, at n/a, NIC 4.1574%.

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

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

Other bidders were:

Bank of Greene Co, NIC 4.1907%


Salmon River Central School District

Aug 21, 2025 $650,000

General Obligations School District (Serial) Bonds, 2025.

Dated Sep 4, 2025.

Due Jul 15, 2026 to 2030.

Non-callable.

Winning bid: Oppenheimer, at n/a, NIC 3.8961%.

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

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

Other bidders were:

Roosevelt & Cross, NIC 4.3406%

Salmon River Central School District

Aug 21, 2025 $9,000,000

General Obligations Revenue Anticipation Notes, 2025.

Dated Sep 4, 2025.

Due Jun 26, 2026.

Purchased $9,000,000.00 by Piper Sandler, at 3.25%, plus $13,500.00, effective rate 3.0651%.

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

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

Other bidders were:

Oppenheimer, Effective Rate 3.3129%

South Country Central School District

Aug 21, 2025 $25,000,000

General Obligation Tax Anticipation Notes for 2025 - 2026 Taxes.

Dated Sep 4, 2025.

Due May 29, 2026.

Purchased $25,000,000.00 by Jefferies, at 4.0%, plus $224,755.00, effective rate 2.7787%.

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

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

Other bidders were:

TD Securities, Effective Rate 2.795%

Southern Cayuga Central School District

Aug 21, 2025 $515,627

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

Dated Sep 4, 2025.

Due Aug 21, 2026.

Purchased $515,627.00 by Roosevelt & Cross, at 3.5%, plus $478.00, effective rate 3.4038%.

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

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

Other bidders were:

Oppenheimer, Effective Rate 3.4793%

Bank of Greene Co, Effective Rate 3.96%

Valley Central School District

Aug 21, 2025 $17,700,000

Bond Anticipation Notes, 2025.

Dated Sep 8, 2025.

Due Jun 23, 2026.

Purchased $17,700,000.00 by Janney Montgomery, at 4.0%, plus $182,653.38, effective rate 2.6965%.

L.O.: Bond, Schoeneck & King, PLLC, Syracuse, NY.

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

Other bidders were:

Jefferies, Effective Rate 2.7445%

Oppenheimer, Effective Rate 2.852%

Fidelity Capital, Effective Rate 2.9402%

BNY Mellon Cap Mkts, Effective Rate 2.96%


OHIO

Sandusky (City)

Aug 21, 2025 $11,806,000

Various Purpose Improvement Notes, Series 2025 General Obligation Bond Anticipation Notes, (Limited Tax Bonds) (book entry).

Dated Sep 4, 2025.

Due Sep 3, 2026.

Purchased $11,806,000.00 by Piper Sandler, at 3.5%, plus $97,635.62, effective rate 2.6707%.

L.O.: Squire Patton Boggs (US) LLP, Cleveland, OH.

F.A.: Sudsina & Associates, Vermilion, OH; and Sudsina & Associates, Gypsum, OH.

Other bidders were:

Jefferies, Effective Rate 2.6743%

Oppenheimer, Effective Rate 2.8368%

BOK Fin Secs, Effective Rate 3.5307%


OKLAHOMA

Independent School District No. 10, Pottawatomie County (North Rock Creek)

Aug 20, 2025 $2,100,000

Building Bonds of 2025

(bank qualified) (book entry).

Dated Oct 1, 2025.

Due Oct 1, 2027.

Non-callable.

Winning bid: BOK Fin Secs, at n/a, NIC 3.4935%.

L.O.: Phillips Murrah, P.C., Oklahoma City, OK; and State Attorney General.

F.A.: Stephen L. Smith Corp., Jenks, OK.

Other bidders were:

UMB Bank, NIC 3.4945%

Baker Group, NIC 3.6204%

Country Club Bank, NIC 3.775%


TEXAS

Fort Bend County Municipal Utility District No. 174

Aug 21, 2025 $2,000,000

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

Dated Sep 1, 2025.

Due Sep 1, 2026 to 2049.

Callable Sep 1, 2030 at par.

Winning bid: Fidelity Capital, at 97.1001, NIC 4.8194%.

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

F.A.: Baird, Houston, TX.

Other bidders were:

Raymond James, NIC 4.9217%

Northland Securities, NIC 4.9304%

SAMCO Cap Mkts, NIC 4.9458%

Hilltop Securities, NIC 4.9682%

Bernardi Securities, NIC 5.0529%


Harris County Municipal Utility District No. 421

Aug 21, 2025 $7,900,000

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

Dated Sep 1, 2025.

Due Sep 1, 2027 to 2052.

Callable Sep 1, 2031 at par.

Winning bid: Baird, at 97.0000, NIC 4.6571%.

Other managers: CL King & Associates, Midland Securities Ltd, SouthState | DuncanWilliams Securities Corp., Bernardi Securities, Inc., Celadon Financial Group, LLC, A.G.P./Alliance Global Partners, Northland Securities, Inc., First Southern LLC, Dinosaur Securities, Mountainside Securities LLC, Blaylock Van, LLC, Caldwell Sutter Capital, Inc..

L.O.: Smith, Murdaugh, Little & Bonham, Houston, TX; and State Attorney General.

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

Other bidders were:

SAMCO Cap Mkts, NIC 4.7041%

Stifel Nicolaus, NIC 4.7894%

Raymond James, NIC 4.8067%

Hilltop Securities, NIC 4.8114%


Harris County Municipal Utility District No. 536

Aug 21, 2025 $6,000,000

Unlimited Tax Bonds, Series 2025A (book entry).

Dated Sep 1, 2025.

Due Sep 1, 2026 to 2050.

Callable Sep 1, 2031 at par.

Winning bid: Baird, at 97.0000, NIC 4.7434%.

Other managers: CL King & Associates, Edward Jones, Northland Securities, Inc., Oppenheimer & Co., Inc., Bernardi Securities, Inc., Midland Securities Ltd, Celadon Financial Group, LLC, First Southern LLC, Dinosaur Securities, Mountainside Securities LLC, Blaylock Van, LLC, A.G.P./Alliance Global Partners, Caldwell Sutter Capital, Inc..

L.O.: Schwartz, Page & Harding, Houston, TX; and State Attorney General.

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

Other bidders were:

UMB Bank, NIC 4.7929%

SAMCO Cap Mkts, NIC 4.81%

Raymond James, NIC 4.8342%

Hilltop Securities, NIC 4.8501%

Crews & Associates, NIC 4.8644%


Montgomery County Municipal Utility District No. 144

Aug 21, 2025 $5,000,000

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

Dated Sep 1, 2025.

Due May 1, 2027 to 2051.

Callable May 1, 2032 at par.

Winning bid: Fidelity Capital, at 97.0050, NIC 4.8897%.

L.O.: Sanford Kuhl Hagen Kugle Parker Kahn LLP, Houston, TX; and State Attorney General.

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

Other bidders were:

SWBC Investment Svcs, NIC 4.9028%

SAMCO Cap Mkts, NIC 4.9731%

Baird, NIC 4.9809%

Raymond James, NIC 4.983%

Hilltop Securities, NIC 4.9929%

Crews & Associates, NIC 5.0062%

Stifel Nicolaus, NIC 5.0639%


VIRGINIA

Suffolk (City)

Aug 21, 2025 $33,950,000

General Obligation Bonds, Series 2025 (book entry).

Dated Sep 11, 2025.

Due Feb 1, 2028 to 2046.

Callable Feb 1, 2034 at par.

Winning bid: Piper Sandler, at 104.2956, TIC 4.0474%.

L.O.: McGuireWoods LLP, Richmond, VA.

F.A.: Davenport & Company LLC, Richmond, VA.

Other bidders were:

Fidelity Capital, TIC 4.048%

JPMorgan, TIC 4.065%

BofA Securities, TIC 4.0755%

RBC Capital Mkts, TIC 4.077%

Janney Montgomery, TIC 4.08%

FHN Fin Cap Mkts, TIC 4.0801%

UBS Financial Svcs, TIC 4.093%

Loop Capital, TIC 4.1364%

Baird, TIC 4.1461%

Wells Fargo Corp, TIC 4.147%

Huntington Secs, TIC 4.147%

Mesirow Financial, TIC 4.2006%