Market Data
Results of competitive sales: 09/14/2026



KANSAS

Trego County Rural Water District No. 2

Sep 10, 2026 $1,810,000

Water System Revenue Bonds, Series 2026 (bank qualified) (book entry).

Dated Sep 28, 2026.

Due Nov 1, 2027 to 2046.

Callable Nov 1, 2031 at par.

Winning bid: Hilltop Securities, at 98.0000, TIC 4.4918%.

L.O.: Gilmore & Bell, Wichita, KS.

F.A.: McLiney and Company a division of SAMCO Capital Markets, Mission, KS.

Other bidders were:

Baird, TIC 4.6871%




MASSACHUSETTS

Massachusetts

Sep 9, 2026 $129,090,000

General Obligation Refunding Bonds 2026 Series C (book entry).

Dated Sep 16, 2026.

Due Dec 1, 2031 to 2038.

Non-callable.

Winning bid: Cabrera Cap Mkts, at 110.6374, TIC 3.6172%.

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

F.A.: Acacia Financial Group, Inc., Marlton, NJ.

Other bidders were:

Wells Fargo Corp, TIC 3.6188%

JPMorgan, TIC 3.624%

Morgan Stanley, TIC 3.6246%

RBC Capital Mkts, TIC 3.6258%

Raymond James, TIC 3.6323%

Jefferies, TIC 3.6393%

Huntington Secs, TIC 3.679%

Goldman Sachs, TIC 3.6842%

BofA Securities, TIC 3.6874%

Oppenheimer, TIC 3.6937%




NEW YORK

Carmel (Town)

Sep 10, 2026 $2,192,000

Public Improvement (Serial) Bonds, 2026 (bank qualified) (book entry).

Dated Sep 24, 2026.

Due Sep 15, 2027 to 2048.

Callable Sep 15, 2034 at par.

Winning bid: TD Financial, at 101.5062, TIC 4.3659%.

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

F.A.: Capital Markets Advisors, LLC, Great Neck, NY.

Other bidders were:

Baird, TIC 4.4254%

Brownstone Inv Grp, TIC 4.5048%

Roosevelt & Cross, TIC 4.534%


Cortlandt (Town)

Sep 10, 2026 $2,540,000

General Obligation Public Improvement (Serial) Bonds, 2026.

Dated Oct 1, 2026.

Due Oct 1, 2027 to 2046.

Callable Oct 1, 2034 at par.

Winning bid: TD Financial, at n/a, NIC 4.3147%.

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

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

Other bidders were:

Baird, NIC 4.3663%

Roosevelt & Cross, NIC 4.4803%

Raymond James, NIC 4.5533%




TEXAS

River Ranch Municipal Utility District No. 3 of Liberty County

Sep 10, 2026 $13,585,000

Unlimited Tax Bonds, Series 2026 (book entry).

Dated Oct 1, 2026.

Due Sep 1, 2027 to 2050.

Callable Sep 1, 2032 at par.

Winning bid: SAMCO Cap Mkts, at 97.0048, NIC 5.2099%.

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.: Smith, Murdaugh, Little & Bonham, Houston, TX; and State Attorney General.

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

Other bidders were:

Baird, NIC 5.2133%

Hilltop Securities, NIC 5.3386%




WISCONSIN

Dane County

Sep 10, 2026 $124,725,000

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

Dated Oct 7, 2026.

Due Jun 1, 2027 to 2046.

Callable Jun 1, 2035 at par.

Winning bid: JPMorgan, at 104.3776, TIC 4.1933%.

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

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

Other bidders were:

BofA Securities, TIC 4.197%

Wells Fargo Corp, TIC 4.232%

Jefferies, TIC 4.2532%

Morgan Stanley, TIC 4.2537%

Baird, TIC 4.4755%