Market Data
Results of competitive sales: 04/07/2026



IOWA

Harris-Lake Park Community School District

Apr 6, 2026 $1,660,000

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

Dated May 5, 2026.

Due May 1, 2027 to 2045.

Callable May 1, 2034 at par.

Winning bid: Baird, at 103.0171, TIC 3.9021%.

Other managers: CL King & Associates, Colliers Securities LLC, Fidelity Capital Markets, UMB Bank, N.A., Crews & Associates, Inc., Cadz Securities Inc,, Bernardi Securities, Inc., Carty, Harding, & Hearn, Inc., Celadon Financial Group, LLC, Central States Capital Markets, LLC, Commerce Brokerage Services Inc, Isaak Bond Investments, Inc., Midland Securities Ltd, Blaylock Van, LLC, Dinosaur Securities, First Bankers' Banc Securities Inc., Mountainside Securities LLC, StoneX Financial Inc., United Banker's Bank, Falcon Square Capital, Caldwell Sutter Capital, Inc., ZIONS BANK division of ZB, N.A., Institutional Bond Network, LLC.

L.O.: Ahlers & Cooney, P.C., Des Moines, IA.

F.A.: Piper Sandler & Co, Des Moines, IA.

Other bidders were:

Northland Securities, TIC 3.97%




MICHIGAN

Kaleva-Norman-Dickson School District

Apr 6, 2026 $8,900,000

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

Dated Apr 28, 2026.

Due May 1, 2028 to 2035.

Non-callable.

Winning bid: R. Seelaus, at 109.1748, TIC 3.2473%.

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

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

Other bidders were:

Hilltop Securities, TIC 3.2733%

TD Financial, TIC 3.3346%

BOK Fin Secs, TIC 3.3469%

Huntington Secs, TIC 3.3592%

Baird, TIC 3.4034%

Stifel Nicolaus, TIC 3.4992%




MINNESOTA

Chippewa County

Apr 6, 2026 $4,255,000

General Obligation Capital Improvement Bonds, Series 2026A (Minnesota County Credit Enhancement Program) (bank qualified) (book entry).

Dated Apr 22, 2026.

Due Dec 1, 2027 to 2041.

Callable Dec 1, 2035 at par.

Winning bid: Baird, at 107.6644, TIC 3.4357%.

Other managers: CL King & Associates, Colliers Securities LLC, Edward Jones, Fidelity Capital Markets, Crews & Associates, Inc., Bernardi Securities, Inc., Oppenheimer & Co., Inc., A.G.P./Alliance Global Partners, Cadz Securities Inc,, Celadon Financial Group, LLC, Isaak Bond Investments, Inc., Carty, Harding, & Hearn, Inc., United Banker's Bank, FMSbonds, Inc., First Kentucky Securities Corp., Central States Capital Markets, LLC, Midland Securities Ltd, Dinosaur Securities, First Bankers' Banc Securities Inc., Mountainside Securities LLC, Blaylock Van, LLC, Falcon Square Capital, Caldwell Sutter Capital, Inc., ZIONS BANK division of ZB, N.A., Institutional Bond Network, LLC.

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

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

Other bidders were:

BOK Fin Secs, TIC 3.4766%

TD Financial, TIC 3.4812%

Baker Group, TIC 3.4836%

Raymond James, TIC 3.5267%

Northland Securities, TIC 3.5322%

Stifel Nicolaus, TIC 3.5324%

Piper Sandler, TIC 3.5355%

Brownstone Inv Grp, TIC 3.6069%


Redwood County

Apr 6, 2026 $1,505,000

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

Dated May 7, 2026.

Due Feb 1, 2027 to 2046.

Callable Feb 1, 2036 at par.

Winning bid: Baird, at 104.3546, TIC 3.7238%.

Other managers: CL King & Associates, Colliers Securities LLC, Edward Jones, Fidelity Capital Markets, Crews & Associates, Inc., A.G.P./Alliance Global Partners, Cadz Securities Inc,, Celadon Financial Group, LLC, Isaak Bond Investments, Inc., Carty, Harding, & Hearn, Inc., United Banker's Bank, Midland Securities Ltd, First Southern LLC, Dinosaur Securities, Mountainside Securities LLC, Blaylock Van, LLC, ZIONS BANK division of ZB, N.A., Institutional Bond Network, LLC.

L.O.: Kutak Rock, Minneapolis, MN.

F.A.: Baker Tilly Municipal Advisors, LLC, St. Paul, MN.

Other bidders were:

Northland Securities, TIC 3.8357%

BOK Fin Secs, TIC 3.851%

TD Financial, TIC 3.9403%

Raymond James, TIC 3.9702%


Willmar (City)

Apr 6, 2026 $8,305,000

General Obligation Tax Abatement Bonds, Series 2026A (book entry).

Dated Apr 23, 2026.

Due Feb 1, 2028 to 2047.

Callable Feb 1, 2036 at par.

Winning bid: Baird, at 104.4460, TIC 3.9345%.

Other managers: CL King & Associates, Colliers Securities LLC, Edward Jones, Crews & Associates, Inc., Carty, Harding, & Hearn, Inc., Middlegate Securities, Cadz Securities Inc,, A.G.P./Alliance Global Partners, Isaak Bond Investments, Inc., Celadon Financial Group, LLC, Oppenheimer & Co., Inc., BOK Financial Securities, Midland Securities Ltd, FMSbonds, Inc., First Kentucky Securities Corp., Dinosaur Securities, First Bankers' Banc Securities Inc., Mountainside Securities LLC, Blaylock Van, LLC, Caldwell Sutter Capital, Inc., ZIONS BANK division of ZB, N.A., Institutional Bond Network, LLC, UMB Bank, N.A..

L.O.: Kutak Rock, Minneapolis, MN.

F.A.: Baker Tilly Municipal Advisors, LLC, St. Paul, MN.

Other bidders were:

Northland Securities, TIC 3.9517%

TD Financial, TIC 3.9779%

R. Seelaus, TIC 4.0183%

FHN Fin Cap Mkts, TIC 4.0741%

Hilltop Securities, TIC 4.1274%




TEXAS

Brazoria County Municipal Utility District No. 42

Apr 6, 2026 $4,200,000

Unlimited Tax Road Bonds, Series 2026 (bank qualified) (book entry).

Dated May 1, 2026.

Due Apr 1, 2028 to 2051.

Callable Apr 1, 2031 at par.

Winning bid: Hilltop Securities, at 97.0000, NIC 5.0331%.

Other managers: FMSbonds, Inc..

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

F.A.: GMS Group, L.L.C., Houston, TX.

Other bidders were:

RBC Capital Mkts, NIC 5.1046%

Crews & Associates, NIC 5.1596%


Galveston County Municipal Utility District No. 36

Apr 6, 2026 $1,910,000

Unlimited Tax Bonds, Series 2026 (bank qualified) (book entry).

Dated May 1, 2026.

Due Sep 1, 2027 to 2050.

Callable Sep 1, 2032 at par.

Winning bid: Baird, at 97.0000, NIC 4.4431%.

Other managers: CL King & Associates, Midland Securities Ltd, SouthState Securities, Multi-Bank Securities Inc., Celadon Financial Group, LLC, A.G.P./Alliance Global Partners, Northland Securities, Inc., Dinosaur Securities, Mountainside Securities LLC, Blaylock Van, LLC, Falcon Square Capital, Caldwell Sutter Capital, Inc., Institutional Bond Network, LLC, BOK Financial Securities.

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

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

Other bidders were:

SAMCO Cap Mkts, NIC 4.5128%

Hilltop Securities, NIC 4.5315%

Crews & Associates, NIC 4.5344%

Raymond James, NIC 4.5838%




TAXABLE ISSUES




OKLAHOMA

Lincoln County Independent School District No. 105 (Carney)

Apr 6, 2026 $150,000

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

Dated May 1, 2026.

Due May 1, 2028 to 2029.

Non-callable.

Winning bid: BOK Fin Secs, at n/a, NIC 4.9995%.

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

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

Other bidders were:

Northland Securities, NIC 5.8056%