Market Data
Results of competitive sales: 05/05/2026


IOWA

Waverly (City)

May 4, 2026 $1,925,000

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

Dated Jun 2, 2026.

Due Jun 1, 2027 to 2036.

Callable Jun 1, 2033 at par.

Winning bid: BOK Fin Secs, at n/a, TIC 3.2939%.

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

F.A.: Speer Financial, Inc., Waterloo, IA; and Speer Financial, Inc., Chicago, IL.

Other bidders were:

Northland Securities, TIC 3.3065%

Baird, TIC 3.3574%

TD Financial, TIC 3.4218%

Stifel Nicolaus, TIC 3.5276%



MASSACHUSETTS

Alford (Town)

Apr 21, 2026 $700,000

Bond Anticipation Notes (bank qualified) (book entry).

Dated May 5, 2026.

Due Feb 5, 2027.

Purchased $700,000.00 by Oppenheimer, at 3.75%, plus $56.00, effective rate 3.7393%.

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

Other bidders were:

Adams Comm Bank, Effective Rate 4.0%

UniBank Fiscal Adv, Effective Rate 4.0%

Greenfield Co-Op Bk, Effective Rate 4.2%



MINNESOTA

Buffalo (City)

May 4, 2026 $8,905,000

General Obligation Street Reconstruction and Utility Bonds, Series 2026A (book entry).

Dated May 28, 2026.

Due Feb 1, 2028 to 2047.

Callable Feb 1, 2036 at par.

Winning bid: Baird, at 105.4321, TIC 3.8298%.

Other managers: CL King & Associates, Colliers Securities LLC, Edward Jones, Northland Securities, Inc., SouthState Securities, Bernardi Securities, Inc., 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, BOK Financial Securities, FMSbonds, Inc., First Southern LLC, Dinosaur Securities, First Bankers' Banc Securities Inc., Mountainside Securities LLC, StoneX Financial Inc., Valdes & Moreno, Inc., Blaylock Van, LLC, 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:

Hilltop Securities, TIC 3.993%

Raymond James, TIC 4.0139%

KeyBanc Cap Mkts, TIC 4.0285%


Eagle Lake (City)

May 4, 2026 $5,070,000

General Obligation Improvement and Utility Revenue Bonds, Series 2026A (bank qualified) (book entry).

Dated May 20, 2026.

Due Feb 1, 2028 to 2047.

Callable Feb 1, 2033 at par.

Winning bid: Baird, at 101.9931, NIC 3.838%.

Other managers: CL King & Associates, Colliers Securities LLC, Edward Jones, Fidelity Capital Markets, Crews & Associates, Inc., SouthState Securities, A.G.P./Alliance Global Partners, Cadz Securities Inc,, Celadon Financial Group, LLC, Isaak Bond Investments, Inc., Carty, Harding, & Hearn, Inc., UMB Bank, N.A.., United Banker's Bank, FMSbonds, Inc., Midland Securities Ltd, First Southern LLC, Dinosaur Securities, First Bankers' Banc Securities Inc., Mountainside Securities LLC, Blaylock Van, LLC, StoneX Financial Inc., Valdes & Moreno, Inc., 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.: David Drown Associates, Minneapolis, MN.

Other bidders were:

Northland Securities, NIC 3.8489%

Baker Group, NIC 3.8799%

BOK Fin Secs, NIC 3.8842%

Stifel Nicolaus, NIC 3.9132%

Raymond James, NIC 3.9994%



OKLAHOMA

Cotton County Independent School District No. 333

May 4, 2026 $565,000

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

Dated Jun 1, 2026.

Due Jun 1, 2028 to 2031.

Non-callable.

Winning bid: BOK Fin Secs, at n/a, NIC 3.4964%.

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

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

Other bidders were:

Northland Securities, NIC 3.7062%


Pottawatomie County Independent School District No. 93 (Shawnee)

May 4, 2026 $4,020,000

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

Dated Jun 1, 2026.

Due Jun 1, 2028.

Non-callable.

Winning bid: BOK Fin Secs, at n/a, NIC 3.1435%.

In association with: The American Heritage Bank.

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

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

Other bidders were:

Northland Securities, NIC 3.2965%

Baker Group, NIC 3.788%



TEXAS

Montgomery County Municipal Utility District No. 96

May 4, 2026 $4,200,000

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

Dated Jun 1, 2026.

Due Apr 1, 2028 to 2051.

Callable Apr 1, 2031 at par.

Winning bid: Baird, at 97.0000, NIC 4.5307%.

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

L.O.: Schwartz, Page & Harding, Houston, TX; and State Attorney General.

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

Other bidders were:

Hilltop Securities, NIC 4.5454%

SAMCO Cap Mkts, NIC 4.5575%

Fidelity Capital, NIC 4.6588%

Crews & Associates, NIC 4.6661%


Sienna Municipal Utility District No. 4

May 4, 2026 $3,820,000

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

Dated Jun 1, 2026.

Due Sep 1, 2027 to 2050.

Callable Sep 1, 2031 at par.

Winning bid: Raymond James, at 98.4323, NIC 4.2522%.

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

F.A.: Cedar Creek Municipal Advisors, Houston, TX.

Other bidders were:

Hilltop Securities, NIC 4.2879%

Northland Securities, NIC 4.3096%

SAMCO Cap Mkts, NIC 4.3267%

Stifel Nicolaus, NIC 4.3613%

TD Financial, NIC 4.442%

Crews & Associates, NIC 4.4498%



WISCONSIN

Hudson (City)

May 4, 2026 $8,215,000

General Obligation Promissory Notes, Series 2026A (bank qualified) (book entry).

Dated May 26, 2026.

Due Nov 1, 2027 to May 1, 2046.

Callable Nov 1, 2034 at par.

Winning bid: Piper Sandler, at 105.3910, TIC 3.7614%.

L.O.: Fryberger, Buchanan, Smith & Frederick, Duluth, MN.

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

Other bidders were:

BOK Fin Secs, TIC 3.78%

Baird, TIC 3.7845%

Northland Securities, TIC 3.8136%

FHN Fin Cap Mkts, TIC 3.8248%

Stifel Nicolaus, TIC 3.8638%

Raymond James, TIC 3.9219%



TAXABLE ISSUES



OKLAHOMA

Mayes County Independent School District No. 17 (Locust Grove)

May 4, 2026 $550,000

Taxable Building Bonds of 2026 (book entry).

Dated Jul 1, 2026.

Due Jul 1, 2028.

Non-callable.

Winning bid: BOK Fin Secs, at n/a, NIC 4.4255%.

In association with: All Capital Bank.

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

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

Other bidders were:

Northland Securities, NIC 4.6875%

Baker Group, NIC 4.6972%

Exchange Bank, NIC 4.8818%