Market Data
Results of competitive sales: 10/27/2025

CONNECTICUT

Branford (Town)

Oct 23, 2025 $9,500,000

General Obligation Bonds, Issue of 2025 (bank qualified) (book entry).

Dated Nov 3, 2025.

Due Oct 15, 2026 to 2043.

Callable Oct 15, 2031 at par.

Winning bid: BNY Mellon Cap Mkts, at 107.1077, TIC 3.2084%.

L.O.: Pullman & Comley, Hartford, CT.

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

Other bidders were:

Roosevelt & Cross, TIC 3.2113%

FHN Fin Cap Mkts, TIC 3.2125%

Huntington Secs, TIC 3.2215%

Loop Capital, TIC 3.2316%

Baird, TIC 3.2418%

StoneX Fin Inc., TIC 3.2484%


ILLINOIS

School District No. 27 Cook County (Northbrook)

Oct 23, 2025 $26,340,000

General Obligation Limited Tax School Bonds, 2025B (book entry).

Dated Nov 6, 2025.

Due Dec 1, 2026 to 2054.

Callable Dec 1, 2035 at par.

Winning bid: JPMorgan, at 101.1618, TIC 4.2793%.

In association with: Academy Securities Inc..

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

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

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

Other bidders were:

KeyBanc Cap Mkts, TIC 4.2891%

Baird, TIC 4.2953%

Fidelity Capital, TIC 4.3087%


INDIANA

Huntington Redevelopment Authority

Oct 23, 2025 $9,795,000

Lease Rental Revenue Bonds, Series 2025 (book entry).

Dated Nov 12, 2025.

Due Feb 1, 2026 to 2045.

Callable Aug 1, 2035 at par.

Winning bid: Baird, at 105.5443, TIC 3.8152%.

Other managers: CL King & Associates, Edward Jones, Bernardi Securities, Inc., Crews & Associates, Inc., Northland Securities, Inc., Davenport & Company LLC, Oppenheimer & Co., Inc., Carty, Harding, & Hearn, Inc., Cadz Securities Inc,, A.G.P./Alliance Global Partners, Midland Securities Ltd, FMSbonds, Inc., First Kentucky Securities Corp., Celadon Financial Group, LLC, BOK Financial Securities, Multi-Bank Securities Inc., First Southern LLC, Dinosaur Securities, First Bankers' Banc Securities Inc., Mountainside Securities LLC, StoneX Financial Inc., Blaylock Van, LLC, Falcon Square Capital, Caldwell Sutter Capital, Inc., ZIONS BANK division of ZB, N.A..

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

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

Other bidders were:

KeyBanc Cap Mkts, TIC 3.9951%


IOWA

Clive (City)

Oct 23, 2025 $5,625,000

General Obligation Urban Renewal Bonds, Series 2025B (book entry).

Dated Nov 13, 2025.

Due Jun 1, 2026 to 2040.

Callable Jun 1, 2033 at par.

Winning bid: TD Financial, at 105.9393, TIC 3.3971%.

L.O.: Dorsey & Whitney, Des Moines, IA.

F.A.: PFM Financial Advisors LLC, Des Moines, IA.

Other bidders were:

Baird, TIC 3.425%

FHN Fin Cap Mkts, TIC 3.4616%


KANSAS

Johnson County

Oct 22, 2025 $60,200,000

General Obligation Internal Improvement Bonds, Series 2025A (General Obligation Bonds Payable From Unlimited Ad Valorem Taxes) (book entry).

Dated Nov 19, 2025.

Due Sep 1, 2026 to 2055.

Callable Sep 1, 2035 at par.

Winning bid: Hilltop Securities, at 108.4707, TIC 3.6795%.

L.O.: Gilmore & Bell, P.C., Kansas City, MO.

F.A.: Baker Tilly Municipal Advisors, LLC, Overland Park, KS; and Baker Tilly Municipal Advisors, LLC, St. Paul, MN.

Other bidders were:

Morgan Stanley, TIC 3.6853%

JPMorgan, TIC 3.6988%

BofA Securities, TIC 3.6997%

Wells Fargo Corp, TIC 3.7%

Piper Sandler, TIC 3.7082%

Huntington Secs, TIC 3.7094%

Baird, TIC 3.7135%

Jefferies, TIC 3.7154%

Mesirow Financial, TIC 3.7185%

UBS Financial Svcs, TIC 3.7341%

KeyBanc Cap Mkts, TIC 3.7775%


Johnson County Public Building Commission

Oct 22, 2025 $5,935,000

Lease Purchase Revenue Bonds (Master Lease), Series 2025A (book entry).

Dated Nov 19, 2025.

Due Sep 1, 2026 to 2045.

Callable Sep 1, 2035 at par.

Winning bid: TD Financial, at 108.5380, TIC 3.6509%.

L.O.: Gilmore & Bell, P.C., Kansas City, MO.

F.A.: Baker Tilly Municipal Advisors, LLC, St. Paul, MN; and Baker Tilly Municipal Advisors, LLC, Overland Park, KS.

Other bidders were:

Baird, TIC 3.7039%


MICHIGAN

Mason Building Authority

Oct 23, 2025 $16,620,000

2025 Building Authority Bonds (General Obligation Limited Tax) (book entry).

Dated Nov 6, 2025.

Due Oct 1, 2026 to 2055.

Callable Oct 1, 2035 at par.

Winning bid: Loop Capital, at 101.5292, TIC 4.259%.

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

F.A.: Bendzinski & Company, Okemos, MI.

Other bidders were:

FHN Fin Cap Mkts, TIC 4.3051%

KeyBanc Cap Mkts, TIC 4.4131%

Northland Securities, TIC 4.462%


NEW YORK

Kings Park Central School District

Oct 23, 2025 $10,900,000

Tax Anticipation Notes For 2025 - 2026 Taxes.

Dated Nov 5, 2025.

Due Jun 18, 2026.

Purchased $10,900,000.00 by TD Financial, at 3.25%, plus $37,169.00, effective rate 2.6995%.

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

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

Other bidders were:

Jefferies, Effective Rate 2.7445%

Hilltop Securities, Effective Rate 2.7577%

BNY Mellon Cap Mkts, Effective Rate 2.7797%

Oppenheimer, Effective Rate 2.7852%


PENNSYLVANIA

Newport School District

Oct 23, 2025 $6,795,000

General Obligation Bonds, Series of 2025 (bank qualified) (book entry).

Dated Nov 25, 2025.

Due Aug 15, 2026 to 2045.

Callable Feb 15, 2031 at par.

Winning bid: Janney Montgomery, at n/a, TIC 4.0387%.

L.O.: Eckert, Seamans, Cherin & Mellott, Harrisburg, PA.

F.A.: PFM Financial Advisors LLC, Harrisburg, PA.

Other bidders were:

Baker Group, TIC 4.0452%

Baird, TIC 4.0889%

Hilltop Securities, TIC 4.0961%


SOUTH CAROLINA

Aiken County Consolidated School District

Oct 22, 2025 $20,000,000

General Obligation Bonds, Series 2025 (South Carolina School District Credit Enhancement Program) (book entry).

Dated Nov 5, 2025.

Due Apr 1, 2026 to 2030.

Non-callable.

Winning bid: JPMorgan, at 101.6761, TIC 2.5308%.

In association with: Academy Securities Inc..

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

L.O.: Burr & Forman, Columbia, SC.

F.A.: Compass Municipal Advisors, Columbia, SC.

Other bidders were:

Huntington Secs, TIC 2.6123%

Hilltop Securities, TIC 2.6463%

Jefferies, TIC 2.6627%

TD Financial, TIC 2.6661%

UBS Financial Svcs, TIC 2.7114%

Loop Capital, TIC 2.752%

Baird, TIC 2.8515%

Raymond James, TIC 2.8698%


TEXAS

Montgomery County Municipal Utility District No. 129

Oct 22, 2025 $4,640,000

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

Dated Nov 1, 2025.

Due Sep 1, 2027 to 2050.

Callable Sep 1, 2030 at par.

Winning bid: GMS Group, at 97.0000, NIC 4.8592%.

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

F.A.: Baird, Houston, TX.

Other bidders were:

RBC Capital Mkts, NIC 4.8593%

Hilltop Securities, NIC 4.889%

SAMCO Cap Mkts, NIC 4.9152%


Montgomery County Municipal Utility District No. 162

Oct 23, 2025 $9,300,000

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

Dated Nov 1, 2025.

Due Sep 1, 2027 to 2050.

Callable Sep 1, 2030 at par.

Winning bid: SWBC Investment Svcs, at 97.0163, NIC 4.5594%.

L.O.: The Muller Law Group, Sugar Land, TX; and State Attorney General.

F.A.: Baird, Houston, TX.

Other bidders were:

SAMCO Cap Mkts, NIC 4.5919%

Northland Securities, NIC 4.6196%

Crews & Associates, NIC 4.6457%