Market Data
Results of competitive sales: 07/21/2026



ILLINOIS

Naperville (City)

Jul 20, 2026 $38,410,000

General Obligation Bonds, Series 2026 (book entry).

Dated Aug 5, 2026.

Due Dec 1, 2028 to 2046.

Callable Dec 1, 2035 at par.

Winning bid: Barclays Capital, at n/a, TIC 3.9271%.

L.O.: Katten Muchin Rosenman LLP, Chicago, IL.

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

Other bidders were:

JPMorgan, TIC 4.0124%

Hilltop Securities, TIC 4.0215%

Oppenheimer, TIC 4.0239%

Fidelity Capital, TIC 4.0245%

TD Financial, TIC 4.0339%

Truist Secs, Inc., TIC 4.0592%

Jefferies, TIC 4.0896%

Mesirow Financial, TIC 4.095%

Huntington Secs, TIC 4.1118%

Baird, TIC 4.1246%




KANSAS

Gardner (City)

Jul 20, 2026 $935,000

General Obligation Temporary Notes, Series 2026C (book entry).

Dated Aug 13, 2026.

Due Oct 1, 2028.

Callable Apr 1, 2027 at par.

Winning bid: Baird, at 99.1600, TIC 3.4128%.

Other managers: CL King & Associates, Colliers Securities LLC, Crews & Associates, Inc., Northland Securities, Inc., Carty, Harding, & Hearn, Inc., Cadz Securities Inc,, Central States Capital Markets, LLC, Celadon Financial Group, LLC, A.G.P./Alliance Global Partners, Isaak Bond Investments, Inc., D.A. Davidson & Co., Midland Securities Ltd, Multi-Bank Securities Inc., First Southern LLC, Dinosaur Securities, First Bankers' Banc Securities Inc., Mountainside Securities LLC, Valdes & Moreno, Inc., Caldwell Sutter Capital, Inc., ZIONS BANK division of ZB, N.A., Institutional Bond Network, LLC, Blaylock Van, LLC.

L.O.: Kutak Rock, Kansas City, MO.

F.A.: Baker Tilly Municipal Advisors, LLC, Overland Park, KS; and Baker Tilly Municipal Advisors, LLC, St. Paul, MN.

Other bidders were:

Oppenheimer, TIC 4.0785%




MINNESOTA

Fergus Falls (City)

Jul 20, 2026 $3,600,000

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

Dated Aug 3, 2026.

Due Feb 1, 2028 to 2042.

Callable Feb 1, 2034 at par.

Winning bid: Northland Securities, at 102.6317, NIC 3.7157%.

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

F.A.: David Drown Associates, Minneapolis, MN.

Other bidders were:

Stifel Nicolaus, NIC 3.77%

BOSC, NIC 3.7785%

Baird, NIC 3.804%

Raymond James, NIC 3.8536%


Independent School District No.2886 (Glenville-Emmons School District)

Jul 20, 2026 $1,550,000

General Obligation Facilities Maintenance Bonds, Series 2026A (Minnesota School District Credit Enhancement Program) (bank qualified) (book entry).

Dated Aug 13, 2026.

Due Feb 1, 2028 to 2029.

Non-callable.

Winning bid: Baird, at 103.7026, TIC 3.0469%.

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., Midland Securities Ltd, Multi-Bank Securities Inc., First Southern LLC, Dinosaur Securities, Mountainside Securities LLC, Blaylock Van, LLC, StoneX Financial Inc., Caldwell Sutter Capital, Inc., ZIONS BANK division of ZB, N.A., Institutional Bond Network, LLC.

L.O.: Kennedy & Graven, Minneapolis, MN.

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

Other bidders were:

Raymond James, TIC 3.152%

Northland Securities, TIC 3.1548%


Savage (City)

Jul 20, 2026 $3,660,000

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

Dated Aug 20, 2026.

Due Feb 1, 2028 to 2042.

Callable Feb 1, 2036 at par.

Winning bid: Baird, at 107.7171, TIC 3.4335%.

Other managers: CL King & Associates, Colliers Securities LLC, Edward Jones, Fidelity Capital Markets, Crews & Associates, Inc., Bernardi Securities, Inc., The Baker Group, Cadz Securities Inc,, Celadon Financial Group, LLC, Isaak Bond Investments, Inc., Carty, Harding, & Hearn, Inc., 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., Falcon Square Capital, Caldwell Sutter Capital, Inc., ZIONS BANK division of ZB, N.A., Institutional Bond Network, LLC, A.G.P./Alliance Global Partners.

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

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

Other bidders were:

TD Financial, TIC 3.4395%

Piper Sandler, TIC 3.4837%

Brownstone Inv Grp, TIC 3.4925%

Raymond James, TIC 3.4986%

Northland Securities, TIC 3.5094%

Hilltop Securities, TIC 3.5556%

BOK Fin Secs, TIC 3.5742%




TEXAS

Brazoria County Municipal Utility District No. 81

Jul 20, 2026 $3,000,000

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

Dated Aug 1, 2026.

Due Sep 1, 2028 to 2051.

Callable Sep 1, 2032 at par.

Winning bid: SAMCO Cap Mkts, at 98.0036, NIC 4.7572%.

Other managers: FHN Financial Capital Markets, Intercoastal Capital Markets, Inc., M. E. Allison & Co., Inc., R. Seelaus & Co., LLC, 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.: Norton Rose Fulbright US LLP, Houston, TX; and State Attorney General.

F.A.: Tierra Financial Advisors, LLC, Richmond, TX; and Tierra Financial Advisors, LLC, Arlington, TX.

Other bidders were:

Baird, NIC 4.7706%

Hilltop Securities, NIC 4.8484%

Crews & Associates, NIC 4.8624%


Fort Bend County Municipal Utility District No. 134F

Jul 20, 2026 $20,270,000

Unlimited Tax Bonds, Series 2026 (book entry).

Dated Aug 1, 2026.

Due Sep 1, 2027 to 2050.

Callable Sep 1, 2031 at par.

Winning bid: SAMCO Cap Mkts, at 97.0011, NIC 4.5344%.

Other managers: FHN Financial Capital Markets, Intercoastal Capital Markets, Inc., M. E. Allison & Co., Inc., R. Seelaus & Co., LLC, 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.: Coats Rose, P.C, Houston, TX; and State Attorney General.

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

Other bidders were:

Northland Securities, NIC 4.5747%

Hilltop Securities, NIC 4.5915%


Montgomery County Municipal Utility District No. 121

Jul 20, 2026 $2,715,000

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

Dated Aug 1, 2026.

Due Sep 1, 2027 to 2051.

Callable Sep 1, 2031 at par.

Winning bid: Northland Securities, at 97.5000, NIC 4.5168%.

Other managers: Celadon Financial Group, LLC, CL King & Associates.

L.O.: The Muller Law Group, Sugar Land, TX; and State Attorney General.

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

Other bidders were:

SAMCO Cap Mkts, NIC 4.529%

Raymond James, NIC 4.5376%

Hilltop Securities, NIC 4.5527%

Crews & Associates, NIC 4.58%




WISCONSIN

Freedom Area School District

Jul 20, 2026 $14,000,000

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

Dated Aug 10, 2026.

Due Mar 1, 2027 to 2046.

Callable Mar 1, 2034 at par.

Winning bid: Baird, at 100.0416, TIC 4.5433%.

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

L.O.: Quarles & Brady, Milwaukee, WI.

F.A.: PMA Securities, Inc., Milwaukee, WI.

Other bidders were:

FHN Fin Cap Mkts, TIC 4.5671%




TAXABLE ISSUES




KANSAS

Gardner (City)

Jul 20, 2026 $5,025,000

Taxable General Obligation Bonds, Series 2026A (Taxable Under Federal Law) (book entry).

Dated Aug 13, 2026.

Due Oct 1, 2026 to 2040.

Callable Oct 1, 2035 at par.

Winning bid: Baird, at 100.0991, TIC 4.8981%.

Other managers: CL King & Associates, Colliers Securities LLC, Stifel, Nicolaus & Co., Inc., Crews & Associates, Inc., Edward Jones, Cadz Securities Inc,, First Bankers' Banc Securities Inc., D.A. Davidson & Co., Isaak Bond Investments, Inc., Celadon Financial Group, LLC, BOK Financial Securities, A.G.P./Alliance Global Partners, First Kentucky Securities Corp., First Southern LLC, Midland Securities Ltd, Multi-Bank Securities Inc., Dinosaur Securities, Mountainside Securities LLC, StoneX Financial Inc., Valdes & Moreno, Inc., Central States Capital Markets, LLC, Blaylock Van, LLC, Carty, Harding, & Hearn, Inc., Caldwell Sutter Capital, Inc., ZIONS BANK division of ZB, N.A., Institutional Bond Network, LLC, UMB Bank, N.A..

L.O.: Kutak Rock, Kansas City, MO.

F.A.: Baker Tilly Municipal Advisors, LLC, Overland Park, KS; and Baker Tilly Municipal Advisors, LLC, St. Paul, MN.

Other bidders were:

Piper Sandler, TIC 4.92%

Commerce Bank, TIC 5.0742%

Bernardi Securities, TIC 5.0936%

Northland Securities, TIC 5.1499%