Market Data
Results of competitive sales: 12/01/2025

NEW YORK

Bolivar Village

Nov 26, 2025 $995,000

Bond Anticipation Notes - 2025 (bank qualified).

Dated Dec 10, 2025.

Due Dec 9, 2026.

Purchased $995,000.00 by Bank of Greene Co, at 3.79%, effective rate 3.79%.

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

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

Other bidders were:

Roosevelt & Cross, Effective Rate 4.0%

Oppenheimer, Effective Rate 4.3748%


NORTH DAKOTA

Bismarck (City)

Nov 25, 2025 $1,835,000

Sidewalk, Curb and Gutter Warrants, Series SCG-2024 (book entry).

Dated Dec 9, 2025.

Due May 1, 2026 to 2035.

Callable May 1, 2031 at par.

Winning bid: StoneX Fin Inc., at 104.5261, TIC 3.2035%.

L.O.: Ohnstad Twichell, Fargo, ND.

F.A.: Colliers Securities LLC, Bismarck, ND.

Other bidders were:

TD Financial, TIC 3.2386%

Brownstone Inv Grp, TIC 3.2988%

Baird, TIC 3.4292%


Bismarck (City)

Nov 25, 2025 $15,295,000

Refunding Improvement Bonds of 2025, Series U (book entry).

Dated Dec 9, 2025.

Due May 1, 2026 to 2040.

Callable May 1, 2033 at par.

Winning bid: FHN Fin Cap Mkts, at 105.0000, TIC 3.1359%.

Other managers: Morgan Stanley & Co., Inc., Raymond James & Associates, Inc., Fidelity Capital Markets, Ramirez & Co., Inc., Advisors Asset Management Inc, SumRidge Partners, LLC, Zeus Financial, LLC.

L.O.: Ohnstad Twichell, Fargo, ND.

F.A.: Colliers Securities LLC, Bismarck, ND.

Other bidders were:

Huntington Secs, TIC 3.1591%

Brownstone Inv Grp, TIC 3.1625%

Piper Sandler, TIC 3.1686%

UBS Financial Svcs, TIC 3.1753%

Hilltop Securities, TIC 3.187%

TD Financial, TIC 3.2435%

Baird, TIC 3.2463%

Janney Montgomery, TIC 3.3389%


TEXAS

Westwood Shores Municipal Utility District

Nov 25, 2025 $3,655,000

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

Dated Dec 1, 2025.

Due May 1, 2031 to 2047.

Callable Nov 1, 2031 at par.

Winning bid: SAMCO Cap Mkts, at 97.0045, NIC 4.8113%.

Other managers: FHN Financial Capital Markets, Intercoastal Capital Markets, Inc., M. E. Allison & Co., Inc., R. Seelaus & Co., Inc., Ramirez & Co., Inc., CINCaP Investment Group, Carty, Harding, & Hearn, Inc., Bancroft Capital, LLC, StoneX Financial Inc., Cadz Securities Inc,.

L.O.: Mitchell, Zientek & Scruggs, LLP, Woodlands, TX; and State Attorney General.

F.A.: Blitch Associates, Inc., Houston, TX.

Other bidders were:

SWBC Investment Svcs, NIC 4.8417%

Raymond James, NIC 4.8899%

Baird, NIC 4.9014%


WISCONSIN

Slinger Village

Nov 25, 2025 $3,405,000

General Obligation Promissory Notes, Series 2025C (book entry).

Dated Dec 11, 2025.

Due Mar 1, 2027 to 2045.

Callable Mar 1, 2034 at par.

Winning bid: UMB Bank, at 104.9687, TIC 3.8472%.

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

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

Other bidders were:

Baird, TIC 4.0156%

Fidelity Capital, TIC 4.091%