Market Data
Results of competitive sales: 01/20/2026

CALIFORNIA

Cambrian School District

Jan 15, 2026 $5,000,000

General Obligation Bonds, Election of 2020, Series 2026 (bank qualified) (book entry).

Dated Feb 3, 2026.

Due Aug 1, 2028 to 2035.

Non-callable.

Winning bid: Brownstone Inv Grp, at 111.4654, TIC 2.2368%.

L.O.: Parker & Covert LLP, Sacramento, CA.

F.A.: Government Financial Services Joint Power Authority, Sacramento, CA.

Other bidders were:

Fidelity Capital, TIC 2.227%

StoneX Fin Inc., TIC 2.2651%

Piper Sandler, TIC 2.2653%

Hilltop Securities, TIC 2.2666%

Loop Capital, TIC 2.2679%

Stifel Nicolaus, TIC 2.2715%

Huntington Secs, TIC 2.2775%

Baird, TIC 2.2816%

Bancroft Capital, TIC 2.5152%

D.A. Davidson, TIC 2.8867%



ILLINOIS

Boone County

Jan 15, 2026 $6,725,000

General Obligation Bonds (Alternate Revenue Source), Series 2026 (bank qualified) (book entry).

Dated Feb 18, 2026.

Due Dec 15, 2029 to 2045.

Callable Dec 15, 2033 at par.

Winning bid: Hilltop Securities, at n/a, TIC 3.6595%.

L.O.: Nixon Peabody LLP, Chicago, IL.

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

Other bidders were:

Baker Group, TIC 3.6733%

FHN Fin Cap Mkts, TIC 3.6776%

Northland Securities, TIC 3.7028%

Baird, TIC 3.738%

Stifel Nicolaus, TIC 3.7533%

Bernardi Securities, TIC 3.7536%

Brownstone Inv Grp, TIC 4.0538%



OHIO

Bay Village City School District

Jan 15, 2026 $9,000,000

Special ObligationsTax Anticipation Notes, Series 2026 (book entry).

Dated Jan 22, 2026.

Due Jun 1, 2027 to 2036.

Callable Jun 1, 2030 at par.

Winning bid: Piper Sandler, at 103.5337, TIC 2.9432%.

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

F.A.: Sudsina & Associates, Aurora, OH.

Other bidders were:

Fidelity Capital, TIC 2.9593%

Baird, TIC 2.9903%

TD Financial, TIC 3.0527%

Hilltop Securities, TIC 3.1258%

StoneX Fin Inc., TIC 3.1488%

Brownstone Inv Grp, TIC 3.1657%

Huntington Secs, TIC 3.3088%



OREGON

Hillsboro (City)

Jan 15, 2026 $91,805,000

Full Faith and Credit Bonds, Series 2026 (book entry).

Dated Jan 29, 2026.

Due Jun 1, 2027 to 2046.

Callable Jun 1, 2036 at par.

Winning bid: BofA Securities, at 109.2067, TIC 3.4995%.

L.O.: Hawkins, Delafield & Wood, Portland, OR.

F.A.: Piper Sandler & Co, Portland, OR.

Other bidders were:

JPMorgan, TIC 3.5231%

Morgan Stanley, TIC 3.5365%

Mesirow Financial, TIC 3.5452%

Baird, TIC 3.5707%

Hilltop Securities, TIC 3.5718%

TRB Cap Mkts, TIC 3.5794%

Wells Fargo Corp, TIC 3.5871%

Raymond James, TIC 3.6608%



PENNSYLVANIA

Dover Township

Jan 14, 2026 $10,000,000

General Obligation Bonds, Series of 2026 (bank qualified) (book entry).

Dated Feb 17, 2026.

Due Sep 1, 2027 to 2055.

Callable Mar 1, 2031 at par.

Winning bid: FHN Fin Cap Mkts, at n/a, TIC 4.1711%.

L.O.: Barley Snyder LLP, Lancaster, PA.

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

Other bidders were:

Hilltop Securities, TIC 4.174%

Baird, TIC 4.1762%

Huntington Secs, TIC 4.2687%

Stifel Nicolaus, TIC 4.3228%

TD Financial, TIC 4.3343%



TEXAS

Sunrise Beach Village (City)

Jan 15, 2026 $11,225,000

Combination Tax and Revenue Certificates of Obligation, Series 2026 (book entry).

Dated Feb 19, 2026.

Due Aug 15, 2030 to 2046.

Callable Aug 15, 2035 at par.

Winning bid: Hilltop Securities, at 107.9591, TIC 3.5998%.

L.O.: Bickerstaff Heath Delgado Acosta LLP, Austin, TX; and State Attorney General.

F.A.: Specialized Public Finance Inc., Austin, TX.

Other bidders were:

Raymond James, TIC 3.6764%

Baker Group, TIC 3.6891%

BOK Fin Secs, TIC 3.7027%

TD Financial, TIC 3.7058%

Baird, TIC 3.7937%

Crews & Associates, TIC 3.7998%

TRB Cap Mkts, TIC 3.8004%

Huntington Secs, TIC 3.8108%

Bancroft Capital, TIC 3.8651%



TAXABLE ISSUES


OKLAHOMA

Delaware County Independent School District No. 3 (Kansas)

Jan 15, 2026 $420,000

Building Bonds of 2026 (Federally Taxable) (book entry).

Dated Mar 1, 2026.

Due Mar 1, 2028 to 2029.

Non-callable.

Winning bid: BOK Fin Secs, at n/a, NIC 4.2016%.

In association with: Grand Savings Bank.

L.O.: Floyd & Driver, PLLC, Norman, OK; and State Attorney General.

F.A.: Stephen H. McDonald & Associates, Inc., Norman, OK.

Other bidders were:

Exchange Bank, NIC 4.4725%

Baker Group, NIC 4.6291%

Northland Securities, NIC 4.8382%


Sapulpa (City)

Jan 15, 2026 $2,000,000

General Obligation Limited Tax Bonds, Taxable Series 2026B (book entry).

Dated Feb 1, 2026.

Due Feb 1, 2028 to 2031.

Non-callable.

Winning bid: Northland Securities, at 100.3005, TIC 3.8951%.

L.O.: Hilborne & Weidman, Tulsa, OK; and State Attorney General.

F.A.: Municipal Finance Services, Inc., Edmond, OK.

Other bidders were:

BOK Fin Secs, TIC 4.0234%

Baird, TIC 4.0594%

First Bankers' Banc, TIC 4.0677%

Bernardi Securities, TIC 4.2374%