Market Data
Results of competitive sales: 04/21/2026



ILLINOIS

New Lenox Fire Protection District

Apr 20, 2026 $2,875,000

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

Dated May 12, 2026.

Due Dec 30, 2027 to 2036.

Callable Dec 30, 2034 at par.

Winning bid: Baird, at n/a, TIC 3.3145%.

Other managers: CL King & Associates, Bernardi Securities, Inc., Edward Jones, Fidelity Capital Markets, Crews & Associates, Inc., Carty, Harding, & Hearn, Inc., Northland Securities, Inc., BOK Financial Securities, Cadz Securities Inc,, Celadon Financial Group, LLC, FMSbonds, Inc., First Southern LLC, Dinosaur Securities, First Bankers' Banc Securities Inc., Mountainside Securities LLC, Blaylock Van, LLC, StoneX Financial Inc., A.G.P./Alliance Global Partners, ZIONS BANK division of ZB, N.A., Institutional Bond Network, LLC.

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

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

Other bidders were:

Hilltop Securities, TIC 3.3699%

TD Financial, TIC 3.3854%

Raymond James, TIC 3.4835%

Stifel Nicolaus, TIC 3.5109%




IOWA

Lewis Central Community School District

Apr 20, 2026 $9,500,000

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

Dated May 20, 2026.

Due Jun 1, 2027 to 2032.

Callable Jun 1, 2030 at par.

Winning bid: Baird, at 103.6473, TIC 3.1829%.

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

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

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

Other bidders were:

Stifel Nicolaus, TIC 3.2326%

BOK Fin Secs, TIC 3.2445%

Baker Group, TIC 3.2995%




MICHIGAN

Newaygo Public Schools

Apr 20, 2026 $15,810,000

2026 School Building and Site Bonds, Series II (General Obligation Unlimited Tax) (Michigan School Bond Qualification and Loan Program).

Dated May 20, 2026.

Due May 1, 2029 to 2051.

Callable May 1, 2036 at par.

Winning bid: Baird, at 101.3918, TIC 4.2386%.

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

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

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

Other bidders were:

Oppenheimer, TIC 4.2974%

FHN Fin Cap Mkts, TIC 4.3302%

KeyBanc Cap Mkts, TIC 4.3353%

Huntington Secs, TIC 4.507%




MINNESOTA

Lakeville (City)

Apr 20, 2026 $36,145,000

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

Dated May 14, 2026.

Due Feb 1, 2027 to 2047.

Callable Feb 1, 2034 at par.

Winning bid: Huntington Secs, at 106.1584, TIC 3.6288%.

L.O.: Dorsey & Whitney, Minneapolis, MN.

F.A.: Northland Securities, Inc., Minneapolis, MN.

Other bidders were:

Fifth Third Secs, TIC 3.6431%

UBS Financial Svcs, TIC 3.6435%

Oppenheimer, TIC 3.655%

Mesirow Financial, TIC 3.67%

TD Financial, TIC 3.67%

Baird, TIC 3.6723%

BofA Securities, TIC 3.6782%

Piper Sandler, TIC 3.6789%

Wells Fargo Corp, TIC 3.691%

Hilltop Securities, TIC 3.6935%

TRB Cap Mkts, TIC 3.699%

Fidelity Capital, TIC 3.6995%


Stearns County

Apr 20, 2026 $283,395,000

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

Dated May 14, 2026.

Due Dec 1, 2027 to 2055.

Callable Dec 1, 2036 at par.

Winning bid: BofA Securities, at 103.0279, TIC 4.1809%.

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

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

Other bidders were:

Jefferies, TIC 4.1983%

Wells Fargo Corp, TIC 4.206%

Morgan Stanley, TIC 4.2082%

JPMorgan, TIC 4.2146%

Baird, TIC 4.2899%




OKLAHOMA

Creek County Independent School District No. 21 (Depew)

Apr 13, 2026 $400,000

Building Bonds of 2026 (bank qualified) (book entry).

Dated Jun 1, 2026.

Due Jun 1, 2028.

Non-callable.

Winning bid: First Bankers' Banc, at n/a, NIC 3.4905%.

In association with: SpiritBank.

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

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

Other bidders were:

BOK Fin Secs, NIC 3.4935%

Northland Securities, NIC 3.6465%

Baker Group, NIC 3.6901%

Exchange Bank, NIC 3.9%


Washington County Independent School District No. 30 (Bartlesville)

Apr 20, 2026 $17,455,000

Combined Purpose General Obligation Bonds, Series 2026A (book entry).

Dated May 1, 2026.

Due May 1, 2028 to 2035.

Non-callable.

Winning bid: Baird, at 103.7079, TIC 3.1477%.

Other managers: CL King & Associates, Edward Jones, Davenport & Company LLC, Colliers Securities LLC, Northland Securities, Inc., Isaak Bond Investments, Inc., Carty, Harding, & Hearn, Inc., Cadz Securities Inc,, BOK Financial Securities, Middlegate Securities, A.G.P./Alliance Global Partners, Celadon Financial Group, LLC, First Southern LLC, Multi-Bank Securities Inc., 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., Institutional Bond Network, LLC.

L.O.: The Public Finance Law Group PLLC, Oklahoma City, OK; and State Attorney General.

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

Other bidders were:

R. Seelaus, TIC 3.185%

Piper Sandler, TIC 3.2499%

TD Financial, TIC 3.2648%

UBS Financial Svcs, TIC 3.3367%

FHN Fin Cap Mkts, TIC 3.3735%

Crews & Associates, TIC 3.3774%




TEXAS

North Central Texas Community College District

Apr 20, 2026 $6,475,000

Tax Notes, Series 2026 (bank qualified) (book entry).

Dated Apr 15, 2026.

Due Aug 15, 2027 to 2036.

Callable Aug 15, 2034 at par.

Winning bid: BOK Fin Secs, at 105.6765, TIC 3.0791%.

L.O.: Norton Rose Fulbright US LLP, Dallas, TX; and State Attorney General.

F.A.: Specialized Public Finance Inc., Dallas, TX; and Specialized Public Finance Inc., Austin, TX.

Other bidders were:

Baird, TIC 3.189%

Stifel Nicolaus, TIC 3.2348%

Raymond James, TIC 3.2933%

Hilltop Securities, TIC 3.3498%