Market Data
Results of competitive sales: 03/27/2026



INDIANA

Madison Consolidated School Building Corporation

Mar 25, 2026 $22,000,000

Ad Valorem Property Tax First Mortgage Bonds, Series 2026 (Indiana State Aid Intercept Program) (book entry).

Dated Apr 15, 2026.

Due Jul 15, 2028 to Jan 15, 2046.

Callable Jul 15, 2036 at par.

Winning bid: R. Seelaus, at 106.8700, TIC 4.2758%.

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

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

Other bidders were:

Baird, TIC 4.3317%

Fidelity Capital, TIC 4.4815%


Shelbyville Central Renovation School Building Corporation

Mar 26, 2026 $9,675,000

Ad Valorem Property Tax First Mortgage Refunding Bonds, Series 2026 (Indiana Credit Enhancement Programs) (book entry).

Dated Apr 21, 2026.

Due Jul 15, 2026 to Jan 15, 2031.

Non-callable.

Winning bid: Hilltop Securities, at 104.7820, TIC 3.0478%.

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

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

Other bidders were:

Brownstone Inv Grp, TIC 3.11%

Huntington Secs, TIC 3.1269%

Baird, TIC 3.1852%

Crews & Associates, TIC 3.1871%

R. Seelaus, TIC 3.2381%

StoneX Fin Inc., TIC 3.2545%

Fidelity Capital, TIC 3.3585%

UBS Financial Svcs, TIC 3.3714%

Baker Group, TIC 3.4663%




KENTUCKY

Rowan County School District Finance Corporation

Mar 26, 2026 $2,805,000

School Building Revenue Bonds, Series of 2026 (Kentucky State School District Enhancement Program) (bank qualified) (book entry).

Dated Apr 16, 2026.

Due Apr 1, 2027 to 2046.

Callable Apr 1, 2034 at par.

Winning bid: Raymond James, at 98.0198, NIC 4.3691%.

L.O.: Dinsmore & Shohl LLP, Cincinnati, OH.

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

Other bidders were:

Stifel Nicolaus, NIC 4.4031%

Baird, NIC 4.4176%

Huntington Secs, NIC 4.5909%

Bernardi Securities, NIC 4.6152%




MASSACHUSETTS

Martha's Vineyard Regional Transit Authority

Mar 26, 2026 $2,750,000

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

Dated Apr 9, 2026.

Due Apr 9, 2027.

Purchased $2,750,000.00 by Oppenheimer, at 4.0%, plus $15,400.00, effective rate 3.44%.

L.O.: Mintz, Levin, Cohn, Ferris, Glovsky & Popeo, P.C., Boston, MA.

F.A.: UniBank Fiscal Advisory Services, Inc., Whitinsville, MA.




MICHIGAN

Barry County Board of Road Commissioners

Mar 25, 2026 $6,220,000

Michigan Transportation Fund Notes, Series 2026 (bank qualified) (book entry).

Dated Apr 15, 2026.

Due Oct 1, 2027 to 2036.

Non-callable.

Winning bid: Brownstone Inv Grp, at 109.7590, TIC 3.2266%.

L.O.: Mika, Meyers, Beckett & Jones, P.L.C., Grand Rapids, MI.

F.A.: Bendzinski & Company, Grosse Pointe, MI.

Other bidders were:

R. Seelaus, TIC 3.299%

Baker Group, TIC 3.3301%

StoneX Fin Inc., TIC 3.3792%

Stifel Nicolaus, TIC 3.3881%

BOK Fin Secs, TIC 3.4183%

TD Financial, TIC 3.4347%

Northland Securities, TIC 3.7742%


Imlay City Community Schools

Mar 23, 2026 $900,000

2026 School Building and Site Bonds, Series II (General Obligation - Unlimited Tax) (bank qualified).

Dated Apr 21, 2026.

Due May 1, 2027 to 2030.

Non-callable.

Winning bid: ChoiceOne Bank, at n/a, TIC 3.7996%.

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

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

Other bidders were:

Huntington Secs, TIC 4.0596%

Oppenheimer, TIC 4.2233%


Spring Lake Village

Mar 26, 2026 $7,500,000

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

Dated Apr 16, 2026.

Due May 1, 2027 to 2051.

Callable May 1, 2036 at par.

Winning bid: Baird, at 101.6766, TIC 4.1704%.

Other managers: CL King & Associates, Fidelity Capital Markets, Crews & Associates, Inc., Northland Securities, Inc., Oppenheimer & Co., Inc., A.G.P./Alliance Global Partners, Cadz Securities Inc,, Carty, Harding, & Hearn, Inc., Celadon Financial Group, LLC, First Kentucky Securities Corp., Midland Securities Ltd, First Southern LLC, Dinosaur Securities, Blaylock Van, LLC, First Bankers' Banc Securities Inc., Mountainside Securities LLC, StoneX Financial Inc., Falcon Square Capital, Caldwell Sutter Capital, Inc., ZIONS BANK division of ZB, N.A., Institutional Bond Network, LLC.

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

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

Other bidders were:

BOK Fin Secs, TIC 4.2669%

TD Financial, TIC 4.2731%

Bernardi Securities, TIC 4.4072%




MINNESOTA

North Branch (City)

Mar 25, 2026 $3,080,000

General Obligation Equipment Certificates, Series 2026A (bank qualified) (book entry).

Dated Apr 16, 2026.

Due Feb 1, 2028 to 2042.

Callable Feb 1, 2036 at par.

Winning bid: Baker Group, at 105.7093, TIC 3.6499%.

L.O.: Taft, Stettinius & Hollister LLP, Minneapolis, MN.

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

Other bidders were:

Stifel Nicolaus, TIC 3.6526%

Baird, TIC 3.7022%

Hilltop Securities, TIC 3.714%

BOK Fin Secs, TIC 3.7522%

Northland Securities, TIC 3.7808%

Brownstone Inv Grp, TIC 3.8549%




NEW JERSEY

Seaside Park Borough

Mar 26, 2026 $2,345,000

$2,345,000 Bond Anticipation Notes, Series 2026 Consisting of $2,072,300 General Capital Bond Anticipation Notes, $272,700 Marina Utility Bond Anticipation Notes (bank qualified) (book entry).

Dated Apr 9, 2026.

Due Apr 9, 2027.

Purchased $2,345,000.00 by Fidelity Capital, at 4.0%, plus $26,146.75, effective rate 2.885%.

L.O.: Decotiis FitzPatrick, Cole & Giblin, LLP, Paramus, NJ.

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

Other bidders were:

Piper Sandler, Effective Rate 2.886%

Oppenheimer, Effective Rate 3.082%




NEW YORK

Binghamton (City)

Mar 26, 2026 $16,653,000

General Obligation Public Improvement (Serial) Bonds, 2026 (book entry).

Dated Apr 9, 2026.

Due Apr 1, 2027 to 2051.

Callable Apr 1, 2034 at par.

Winning bid: Fidelity Capital, at n/a, NIC 3.956%.

Other managers: Raymond James & Associates, Inc., Advisors Asset Management Inc, American Veterans Group, Ramirez & Co., Inc., SAMCO Capital Markets, Morgan Stanley & Co., Inc., Zeus Financial, LLC.

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

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

Other bidders were:

Roosevelt & Cross, NIC 3.9701%

Oppenheimer, NIC 4.0244%

Baird, NIC 4.0612%

UBS Financial Svcs, NIC 4.0798%

Mesirow Financial, NIC 4.1775%


Binghamton (City)

Mar 26, 2026 $56,868,250

General Obligation Various Purpose Bond Anticipation Notes - 2026.

Dated Apr 9, 2026.

Due Apr 9, 2027.

Purchased $5,000,000.00 by NBT Bank, at 2.6%, effective rate 2.6%.

Purchased $51,868,250.00 by Jefferies, at 4.0%, plus $589,750.21, effective rate 2.863%.

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

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

Other bidders were:

Jefferies, Effective Rate 2.863%

BofA Securities, Effective Rate 2.873%

Oppenheimer, Effective Rate 2.924%

TD Financial, Effective Rate 3.032%


Homer Village

Mar 26, 2026 $545,200

Bond Anticipation Notes, 2026 (Renewals) (bank qualified).

Dated Apr 13, 2026.

Due Apr 13, 2027.

Purchased $545,200.00 by Roosevelt & Cross, at 4.25%, effective rate 4.25%.

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

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

Other bidders were:

Oppenheimer, Effective Rate 4.7212%


Smithtown (Town)

Mar 26, 2026 $6,700,000

Bond Anticipation Notes - 2026.

Dated Apr 9, 2026.

Due Apr 9, 2027.

Purchased $6,700,000.00 by Truist Secs, Inc., at 3.5%, plus $65,995.00, effective rate 2.515%.

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

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

Other bidders were:

Jefferies, Effective Rate 2.678%

TD Financial, Effective Rate 2.717%

Piper Sandler, Effective Rate 2.739%

Oppenheimer, Effective Rate 2.776%

BNY Mellon Cap Mkts, Effective Rate 2.8842%


Valley Stream Village

Mar 26, 2026 $2,597,110

Budget Notes - 2026 (bank qualified).

Dated Apr 16, 2026.

Due Apr 16, 2027.

Purchased $2,597,110.00 by Oppenheimer, at 5.25%, plus $805.00, effective rate 5.219%.

L.O.: Phillips, Lytle LLP, Garden City, NY.

F.A.: Liberty Capital Services LLC, Garden City, NY.


Watertown (Town)

Mar 26, 2026 $16,865,000

Bond Anticipation Notes, 2026.

Dated Apr 9, 2026.

Due Apr 8, 2027.

Purchased $16,865,000.00 by Oppenheimer, at 4.75%, plus $47,060.00, effective rate 4.4701%.

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

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




OKLAHOMA

Oklahoma County Independent School District No. 1 (Putnam City)

Mar 26, 2026 $32,000,000

General Obligation Combined Purpose Bonds of 2026 (book entry).

Dated May 1, 2026.

Due May 1, 2028.

Non-callable.

Winning bid: JPMorgan, at 100.2260, NIC 3.012%.

In association with: Academy Securities Inc..

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

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

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

Other bidders were:

Baird, NIC 3.5135%




PENNSYLVANIA

West Chester Area School District

Mar 25, 2026 $32,705,000

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

Dated Apr 30, 2026.

Due May 15, 2027 to 2046.

Callable May 15, 2033 at par.

Winning bid: Fidelity Capital, at n/a, TIC 3.9796%.

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

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

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

Other bidders were:

PNC Capital Markets, TIC 4.1309%

Baird, TIC 4.1497%

R. Seelaus, TIC 4.1633%

Hilltop Securities, TIC 4.1667%

Oppenheimer, TIC 4.1939%

UBS Financial Svcs, TIC 4.2106%




TENNESSEE

Union County

Mar 25, 2026 $7,550,000

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

Dated Apr 17, 2026.

Due Jun 1, 2026 to 2046.

Callable Jun 1, 2033 at par.

Winning bid: FHN Fin Cap Mkts, at 103.0170, TIC 3.766%.

L.O.: Bass, Berry & Sims PLC, Knoxville, TN.

F.A.: Cumberland Securities Co., Inc., Knoxville, TN.

Other bidders were:

Hilltop Securities, TIC 3.7968%

Stifel Nicolaus, TIC 3.8233%

Raymond James, TIC 3.8584%

Baird, TIC 3.931%

BOK Fin Secs, TIC 3.9522%

Crews & Associates, TIC 3.9973%




TEXAS

Kyndwood Municipal Utility District

Mar 26, 2026 $5,000,000

Unlimited Tax Bonds, Series 2026 (book entry).

Dated Apr 23, 2026.

Due Sep 1, 2028 to 2050.

Callable Sep 1, 2032 at par.

Winning bid: SAMCO Cap Mkts, at 97.0157, NIC 4.6842%.

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,, TRB Capital Markets, LLC.

L.O.: McCall Parkhurst & Horton, Austin, TX; and State Attorney General.

F.A.: Public Finance Group LLC, Austin, TX.

Other bidders were:

Crews & Associates, NIC 4.78%

Hilltop Securities, NIC 4.8175%

Baird, NIC 4.8269%

Fidelity Capital, NIC 4.8353%




UTAH

Wasatch County Municipal Building Authority

Mar 26, 2026 $43,665,000

Lease Revenue and Refunding Bonds, Series 2026 (book entry).

Dated Apr 15, 2026.

Due Dec 1, 2026 to 2045.

Callable Jun 1, 2036 at par.

Winning bid: Hilltop Securities, at 105.8956, TIC 3.9108%.

L.O.: Gilmore & Bell, Salt Lake City, UT.

F.A.: Zions Public Finance, Salt Lake City, UT.

Other bidders were:

Mesirow Financial, TIC 3.9122%

UBS Financial Svcs, TIC 3.9254%

BofA Securities, TIC 3.9284%

Wells Fargo Corp, TIC 3.95%

Jefferies, TIC 3.985%

Huntington Secs, TIC 3.9889%

Baird, TIC 4.0349%

Morgan Stanley, TIC 4.1711%




TAXABLE ISSUES




OKLAHOMA

Stephens County Independent School District No. 3 (Marlow)

Mar 26, 2026 $1,290,000

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

Dated May 1, 2026.

Due May 1, 2028.

Non-callable.

Winning bid: Northland Securities, at 100.0090, NIC 4.6205%.

L.O.: State Attorney General.

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

Other bidders were:

Baker Group, NIC 4.676%

BOK Fin Secs, NIC 4.72%

Exchange Bank, NIC 4.75%