Market Data
Results of negotiated sales: 09/12/2025

ARKANSAS

Benton Washington Regional Public Water Authority

Sep 10, 2025 $22,515,000

Water Revenue Bonds, Series 2025 (R) (book entry)

Dated Sep 30, 2025.

Due Oct 1, 2026 to 2055.

First coupon Apr 1, 2026.

2031-2055 Callable Oct 1, 2030 at par.

Purchased through negotiation by Crews & Associates, Inc., as follows:

L.O.: Friday Eldredge & Clark, Little Rock, AR.


CALIFORNIA

Kern Community College District

Sep 10, 2025 $3,525,000

General Obligation Bonds, Election of 2000, Series 2025A (G) (bank qualified) (book entry)

Dated Sep 24, 2025.

Due Aug 1, 2028 to 2030.

First coupon Feb 1, 2026.

Non-callable.

Purchased through negotiation by Oppenheimer & Co., Inc., as follows:

L.O.: Jones Hall LLP, San Mateo, CA.

F.A.: Dale Scott Co., San Francisco, CA.


Long Beach Community College District

Sep 10, 2025 $235,000,000

General Obligation Bonds, 2016 Election, 2025 Series E (G) (book entry) $200,000,000.

Dated Sep 24, 2025.

Due Aug 1, 2026 to 2052.

First coupon Feb 1, 2026.

2036-2052 Callable Aug 1, 2035 at par.

Purchased through negotiation by Raymond James & Associates, Inc., Ramirez & Co., Inc., as follows:


General Obligation Bonds, 2024 Election, 2025 Series A-1 (G) (book entry) $35,000,000.

Dated Sep 24, 2025.

Due Aug 1, 2026 to 2028.

First coupon Feb 1, 2026.

Non-callable.

L.O.: Nixon Peabody LLP, San Francisco, CA.

F.A.: Fieldman, Rolapp & Associates, Irvine, CA.


Santa Cruz County Capital Financing Authority

Sep 10, 2025 $4,885,000

Lease Revenue Bonds 2025 Series A (R) (book entry)

Dated Sep 25, 2025.

Due Jun 1, 2026 to 2055.

First coupon Jun 1, 2026.

2036-2055 Callable Jun 1, 2035 at par.

Purchased through negotiation by Stifel, Nicolaus & Co., Inc., as follows:

L.O.: Norton Rose Fulbright US LLP, Los Angeles, CA.

F.A.: Harrell & Company Advisors, LLC, Tustin, CA.


COLORADO

Dawson Trails Metropolitan District No. 1

Sep 11, 2025 $65,456,000

Subordinate Limited Tax General Obligation Bonds, Series 2025B (L) (book entry)

Dated Sep 18, 2025. Interest accrues Sep 18, 2025.

Due Dec 15, 2055.

First coupon Dec 15, 2025.

2055-2055 Callable Jun 1, 2026 at 103.000%, declining to par Jun 1, 2026.

Purchased through negotiation by Piper Sandler & Co, as follows:

L.O.: Casey Parrot LLC, Broomfield, CO.

F.A.: Crews & Associates, Inc., Little Rock, AR.


FLORIDA

Willowbrook Community Development District

Sep 11, 2025 $9,900,000

Special Assessment Bonds, Series 2025 (Assessment Area Two Project) (N) (book entry)

Dated Sep 25, 2025.

Due May 1, 2027 to 2056.

First coupon Nov 1, 2025.

2036-2056 Callable Nov 1, 2035 at par.

Purchased through negotiation by FMSbonds, Inc., as follows:

L.O.: Greenberg Traurig, P.A., Miami, FL.


Lakewood Ranch Stewardship District

Aug 28, 2025 $149,690,000

Special Assessment Revenue Bonds, Series 2025 (Lakewood Ranch Southeast Project) (N) (book entry)

Dated Sep 9, 2025.

Due May 1, 2028 to 2056.

First coupon Nov 1, 2025.

2036-2056 Callable May 1, 2035 at par.

Purchased through negotiation by MBS Capital Market, as follows:

L.O.: Bryant, Miller & Olive, Orlando, FL.

F.A.: PFM Financial Advisors LLC, Orlando, FL.


Newton Road Community Development District

Sep 10, 2025 $4,225,000

Special Assessment Bonds, Series 2025 (2025 Project) (N) (book entry)

Dated Oct 9, 2025.

Due Jun 15, 2026 to 2055.

First coupon Dec 15, 2025.

2036-2055 Callable Dec 15, 2035 at par.

Purchased through negotiation by FMSbonds, Inc., as follows:

L.O.: Greenberg Traurig, P.A., West Palm Beach, FL.


GEORGIA

Savannah-Georgia Convention Center Authority

Sep 11, 2025 $398,440,000

Convention Center Hotel First Tier Revenue Bonds, Series 2025A (R) (book entry) $89,850,000.

Dated Sep 18, 2025.

Due Jun 1, 2032 to 2061.

First coupon Dec 1, 2025.

2036-2061 Callable Jun 1, 2035 at par.

Purchased through negotiation by Morgan Stanley & Co., Inc., as follows:


Convention Center Hotel Second Tier Revenue Bonds, Series 2025B (R) (book entry) $216,475,000.

Dated Sep 18, 2025.

Due Jun 1, 2031 to 2061.

First coupon Dec 1, 2025.

2036-2061 Callable Jun 1, 2035 at par.


Convention Center Hotel Third Tier Revenue Bonds, Series 2025C (HMT Pledge) (R) (book entry) $92,115,000.

Dated Sep 18, 2025.

Due Jun 1, 2031 to 2058.

First coupon Dec 1, 2025.

2036-2058 Callable Jun 1, 2035 at par.

L.O.: Gray Pannell & Woodward LLP, Savannah, GA.


IOWA

Gilbert Community School District

Sep 11, 2025 $19,400,000

School Infrastructure Sales, Services and Use Tax Revenue and Refunding Bonds, Series 2025 (R) (book entry)

Dated Sep 30, 2025.

Due Jun 1, 2030 to 2050.

First coupon Jun 1, 2026.

2034-2050 Callable Jun 1, 2033 at par.

Purchased through negotiation by Piper Sandler & Co, as follows:

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


INDIANA

Indiana Housing and Community Development Authority

Sep 10, 2025 $15,208,000

Multifamily Housing Revenue Bonds, Series 2025 (Flats on 14th Project) (Mandatory Tender Date: 04/01/2028) (R) (book entry)

Dated Sep 17, 2025. Interest accrues Sep 17, 2025.

Due Apr 1, 2043.

First coupon Apr 1, 2026.

2043-2043 Callable Oct 1, 2027 at par.

Purchased through negotiation by Stifel, Nicolaus & Co., Inc., as follows:

L.O.: Ice Miller, Indianapolis, IN.


North Adams Community Schools Renovation Building Corporation

Sep 10, 2025 $2,625,000

Ad Valorem Property Tax First Mortgage Bonds, Series 2025 (Indiana State Aid Intercept Program) (C) (bank qualified) (book entry)

Dated Oct 1, 2025.

Due Jul 15, 2026 to Jan 15, 2038.

First coupon Jul 15, 2026.

2034-2038 Callable Jul 15, 2033 at par.

Purchased through negotiation by Stifel, Nicolaus & Co., Inc., as follows:

L.O.: Ice Miller, Indianapolis, IN.


MINNESOTA

Minneapolis (City)

Sep 10, 2025 $38,060,000

Revenue Refunding Bonds, 2025 (University Gateway Project) (R) (book entry)

Dated Sep 30, 2025.

Due Dec 1, 2025 to 2045.

First coupon Dec 1, 2025.

2036-2045 Callable Dec 1, 2035 at par.

Purchased through negotiation by Wells Fargo Corporate & Investment Banking, as follows:

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

F.A.: Blue Rose Capital Advisors, Minneapolis, MN.


MISSOURI

Ashland (City)

Sep 10, 2025 $25,390,000

Special Obligation Bonds, Series 2025 (Wastewater Treatment Project) (A) (book entry)

Dated Sep 30, 2025. Interest accrues Sep 30, 2025.

Due Jan 1, 2027 to 2056.

First coupon Jan 1, 2026.

2036-2056 Callable Jan 1, 2035 at par.

Purchased through negotiation by D.A. Davidson & Co., as follows:

L.O.: Gilmore & Bell, P.C., Kansas City, MO.

F.A.: PFM Financial Advisors LLC, Des Moines, IA.


OHIO

Ohio Higher Educational Facility Commission

Sep 10, 2025 $30,000,000

Higher Educational Facility Revenue Bonds (The College of Wooster 2025 Project) (R) (book entry)

Dated Sep 30, 2025. Interest accrues Sep 30, 2025.

Due Sep 1, 2028 to 2055.

First coupon Mar 1, 2026.

2036-2055 Callable Sep 1, 2035 at par.

Purchased through negotiation by Huntington Securities, Inc., as follows:

L.O.: Squire Patton Boggs (US) LLP, Cleveland, OH.

F.A.: Blue Rose Capital Advisors, Minneapolis, MN.


Hamilton County

Sep 10, 2025 $88,300,000

Healthcare Improvement and Refunding Revenue Bonds, Series 2025 (Life Enriching Communities Project) (R) (book entry)

Dated Sep 25, 2025.

Due Jan 1, 2026 to 2055.

First coupon Jan 1, 2026.

2033-2055 Callable Jan 1, 2032 at 103.000%, declining to par Jan 1, 2032.

Purchased through negotiation by Raymond James & Associates, Inc., as follows:

L.O.: Dinsmore & Shohl LLP, Cincinnati, OH.


PENNSYLVANIA

Latrobe Municipal Authority

Sep 10, 2025 $3,025,000

Sewer Revenue Bonds, Series of 2025 (R) (book entry)

Dated Oct 1, 2025.

Due Oct 1, 2026 to 2041.

First coupon Apr 1, 2026.

2031-2041 Callable Oct 1, 2030 at par.

Purchased through negotiation by PNC Capital Markets, as follows:

L.O.: Dinsmore & Shohl LLP, Pittsburgh, PA.


Hollidaysburg Area School District

Sep 10, 2025 $11,680,000

General Obligation Bonds, Series of 2025 (L) (book entry)

Dated Oct 8, 2025.

Due Mar 15, 2027 to 2045.

First coupon Mar 15, 2026.

2034-2045 Callable Sep 15, 2033 at par.

Purchased through negotiation by Raymond James & Associates, Inc., as follows:

L.O.: Dinsmore & Shohl LLP, Pittsburgh, PA.

F.A.: PFM Financial Advisors LLC, Harrisburg, PA.


TEXAS

Dallas and Fort Worth (Cities)

Sep 10, 2025 $286,295,000

Joint Revenue Refunding and Improvement Bonds, Series 2025B (Dallas Fort Worth International Airport) (R) (book entry)

Dated Oct 1, 2025. Interest accrues Oct 2, 2025.

Due Nov 1, 2026 to 2056.

First coupon Nov 1, 2025.

2035-2056 Callable Nov 1, 2034 at par.

Purchased through negotiation by Raymond James & Associates, Inc., Loop Capital Markets, LLC, Blaylock Van, LLC, Mesirow Financial, Inc., as follows:

L.O.: McCall Parkhurst & Horton, Dallas, TX; West & Associates, L.L.P., Dallas, TX; and State Attorney General.

F.A.: Hilltop Securities Inc., Dallas, TX; and Estrada Hinojosa & Company, Inc., Dallas, TX.


Dallas and Fort Worth (Cities)

Sep 10, 2025 $1,681,485,000

Joint Revenue Refunding and Improvement Bonds, Series 2025A-1 (Dallas Fort Worth International Airport) (Fixed Rate) (R) (book entry) (AMT) $1,381,485,000.

Dated Oct 1, 2025.

Due Nov 1, 2026 to 2050.

First coupon Nov 1, 2025.

2035-2050 Callable Nov 1, 2034 at par.

Purchased through negotiation by BofA Securities, J.P. Morgan Securities LLC, PNC Capital Markets, Jefferies LLC, RBC Capital Markets, Baird, Ramirez & Co., Inc., Cabrera Capital Markets, LLC, as follows:


Joint Revenue Refunding and Improvement Bonds, Series 2025A-2 (Dallas Fort Worth International Airport) (Put Bonds) (Put Date: 11/01/2029) (Mandatory Tender Date: 11/01/2032) (R) (book entry) (AMT) $300,000,000.

Dated Oct 1, 2025.

Due Nov 1, 2047 to 2050.

First coupon Nov 1, 2025.

2047-2050 Callable Aug 1, 2029 at par, 2047-2050 Callable Aug 1, 2032 at par.

L.O.: McCall Parkhurst & Horton, Dallas, TX; West & Associates, L.L.P., Dallas, TX; and State Attorney General.

F.A.: Hilltop Securities Inc., Dallas, TX; and Estrada Hinojosa & Company, Inc., Dallas, TX.


Dallas and Fort Worth (Cities)

Sep 10, 2025 $1,681,485,000

Joint Revenue Refunding and Improvement Bonds, Series 2025A-2 (Dallas Fort Worth International Airport) (Put Bonds) (Put Date: 11/01/2029) (Mandatory Tender Date: 11/01/2032) (R) (book entry) (AMT) $300,000,000.

Dated Oct 1, 2025.

Due Nov 1, 2047 to 2050.

First coupon Nov 1, 2025.

2047-2050 Callable Aug 1, 2029 at par, 2047-2050 Callable Aug 1, 2032 at par.


General Obligation Bonds, 2025 (G) (book entry) $15,135,000.

Dated Sep 25, 2025. Interest accrues Sep 25, 2025.

Due Dec 1, 2032 to 2052.

First coupon Dec 1, 2025.

2035-2050 Callable Nov 1, 2034 at par.

Purchased through negotiation by BofA Securities, J.P. Morgan Securities LLC, PNC Capital Markets, Jefferies LLC, RBC Capital Markets, Baird, Ramirez & Co., Inc., Cabrera Capital Markets, LLC, as follows:

L.O.: McCall Parkhurst & Horton, Dallas, TX; West & Associates, L.L.P., Dallas, TX; and State Attorney General.

F.A.: Hilltop Securities Inc., Dallas, TX; and Estrada Hinojosa & Company, Inc., Dallas, TX.


WISCONSIN

PMA Levy and Aid Anticipation Notes Program

Sep 11, 2025 $43,955,000

Note Participations, Series 2025A (R) (book entry) $11,750,000.

Dated Oct 2, 2025. Interest accrues Oct 2, 2025.

Due Aug 27, 2026.

First coupon Aug 27, 2026.

Non-callable.

Purchased through negotiation by Baird, as follows:


Note Participations, Series 2025A (R) (book entry) $32,205,000.

Dated Oct 2, 2025. Interest accrues Oct 2, 2025.

Due Sep 24, 2026.

First coupon Sep 24, 2026.

Non-callable.

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

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


TAXABLE ISSUES


CALIFORNIA

Long Beach Community College District

Sep 10, 2025 $15,000,000

General Obligation Bonds, 2024 Election, 2025 Series A-2 (G) (book entry) (Taxable)

Dated Sep 24, 2025.

Due Aug 1, 2026.

First coupon Feb 1, 2026.

Non-callable.

Purchased through negotiation by Raymond James & Associates, Inc., Ramirez & Co., Inc., as follows:

L.O.: Nixon Peabody LLP, San Francisco, CA.

F.A.: Fieldman, Rolapp & Associates, Irvine, CA.


MASSACHUSETTS

Massachusetts Housing Finance Agency

Sep 4, 2025 $62,660,000

Weekly Variable Rate Housing Bonds, 2025 Series A (Letter of Credit Issued by: Sumitomo Mitsui Banking Corporation) (Expiration: 09/10/2030) (R) (book entry) (Taxable)

Dated Sep 11, 2025.

Due Jun 1, 2041 to Dec 1, 2064.

First coupon Oct 1, 2025.

Callable any time at par.

Purchased through negotiation by Jefferies LLC, Blaylock Van, LLC, as follows:

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

F.A.: CFX Incorporated, New York, NY.