Market Data
Results of negotiated sales: 10/14/2025

ALABAMA

Decatur (City)

Sep 30, 2025 $35,195,000

General Obligation Warrants, Series 2025-A (G) (book entry) $30,110,000.

Dated Oct 23, 2025.

Due Oct 1, 2033 to 2055.

First coupon Apr 1, 2026.

2036-2055 Callable Oct 1, 2035 at par.

Purchased through negotiation by Frazer Lanier Co., Inc., as follows:

L.O.: Bradley Arant Boult Cummings LLC, Birmingham, AL.


CALIFORNIA

Rancho Santa Fe School District

Oct 9, 2025 $19,460,000

2025 General Obligation Refunding Bonds (G) (book entry)

Dated Oct 22, 2025.

Due Aug 1, 2026 to 2032.

First coupon Feb 1, 2026.

Non-callable.

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

L.O.: Stradling, Yocca, Carlson & Rauth, Newport Beach, CA.

F.A.: Isom Advisors Inc., Walnut Creek, CA.


Fontana Public Financing Authority

Oct 8, 2025 $132,975,000

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

Dated Oct 23, 2025.

Due Nov 1, 2026 to 2055.

First coupon May 1, 2026.

2036-2055 Callable Nov 1, 2035 at par.

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

L.O.: Stradling, Yocca, Carlson & Rauth, Newport Beach, CA.

F.A.: CSG Advisors Inc., San Francisco, CA.


Scotts Valley Unified School District

Oct 8, 2025 $10,020,000

2025 Refunding General Obligation Bonds (O) (book entry)

Dated Oct 22, 2025.

Due Aug 1, 2026 to 2039.

First coupon Feb 1, 2026.

2036-2039 Callable Aug 1, 2035 at par.

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

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

F.A.: Isom Advisors Inc., Walnut Creek, CA.


California Municipal Finance Authority

Oct 9, 2025 $4,830,000

Special Tax Revenue Bonds, Series 2025C (BOLD Program) (R) (book entry)

Dated Oct 23, 2025.

Due Sep 1, 2027 to 2055.

First coupon Mar 1, 2026.

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

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

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


Riverside Unified School District

Oct 9, 2025 $23,550,000

Special Tax Bonds, Series 2025 (Community Facilities District No. 38) (R) (book entry)

Dated Oct 23, 2025.

Due Sep 1, 2027 to 2055.

First coupon Mar 1, 2026.

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

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

L.O.: Best, Best & Krieger LLP, Riverside, CA.

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


San Diego Unified School District

Oct 8, 2025 $670,000,000

2025 General Obligation Bonds, (Election of 2022, Series C-3) (Dedicated Unlimited Ad Valorem Property Tax Bonds) (G) (book entry) $295,030,000.

Dated Oct 22, 2025.

Due Jul 1, 2026 to 2050.

First coupon Jan 1, 2026.

2046-2050 Callable Jul 1, 2035 at par.

Purchased through negotiation by Jefferies LLC, Stifel, Nicolaus & Co., Inc., BofA Securities, as follows:


2025 General Obligation Bonds, (Election of 2018, Series I-3) (Dedicated Unlimited Ad Valorem Property Tax Bonds) (G) (book entry) $215,735,000.

Dated Oct 22, 2025.

Due Jul 1, 2026 to 2055.

First coupon Jan 1, 2026.

2036-2055 Callable Jul 1, 2035 at par.


2025 General Obligation Bonds (Election of 2008, Series P-2) (Dedicated Unlimited Ad Valorem Property Tax Bonds) (G) (book entry) $92,260,000.

Dated Oct 22, 2025.

Due Jul 1, 2026 to 2045.

First coupon Jan 1, 2026.

2036-2045 Callable Jul 1, 2035 at par.


2025 General Obligation Bonds, (Election of 2018, Series I-2) (Dedicated Unlimited Ad Valorem Property Tax Bonds) (G) (book entry) $25,000,000.

Dated Oct 22, 2025.

Due Jul 1, 2029 to 2031.

First coupon Jan 1, 2026.

Non-callable.


2025 General Obligation Bonds (Election of 2022, Series C-2) (Dedicated Unlimited Ad Valorem Property Tax Bonds) (G) (book entry) $10,000,000.

Dated Oct 22, 2025.

Due Jul 1, 2030 to 2032.

First coupon Jan 1, 2026.

Non-callable.

L.O.: Orrick, Herrington & Sutcliffe, San Francisco, CA.

F.A.: KNN Public Finance, Los Angeles, CA.


COLORADO

Hunting Hill Metropolitan District

Oct 9, 2025 $6,100,000

Limited Tax General Obligation Refunding Bonds, Series 2025 (L) (bank qualified) (book entry)

Dated Oct 15, 2025.

Due Dec 1, 2026 to 2048.

First coupon Dec 1, 2025.

2031-2048 Callable Dec 1, 2030 at 103.000%, declining to par Dec 1, 2030.

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

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


CONNECTICUT

Cromwell (Town)

Oct 8, 2025 $40,450,000

General Obligation Bonds, Issue of 2025 (G) (book entry)

Dated Oct 20, 2025.

Due Apr 15, 2027 to 2055.

First coupon Apr 15, 2026.

2036-2055 Callable Apr 15, 2035 at par.

Purchased through negotiation by Mesirow Financial, Inc., as follows:

L.O.: Pullman & Comley, Hartford, CT.


ILLINOIS

Pingree Grove Village

Oct 8, 2025 $31,790,000

Special Tax Refunding Bonds, Series 2025 (Special Service Areas Number Two and Seven) (R) (book entry)

Dated Oct 23, 2025.

Due Mar 1, 2026 to 2036.

First coupon Mar 1, 2026.

2035-2036 Callable Mar 1, 2034 at par.

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

L.O.: Miller, Canfield, Paddock & Stone, P.L.C., Chicago, IL.

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


INDIANA

MCCSC 1996 School Building Corporation

Oct 8, 2025 $35,000,000

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

Dated Oct 30, 2025.

Due Jul 15, 2029 to Jan 15, 2045.

First coupon Jul 15, 2026.

2036-2045 Callable Jul 15, 2035 at par.

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

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

F.A.: Baker Tilly Municipal Advisors, LLC, Indianapolis, IN.


MINNESOTA

Duluth Independent School District No. 709

Oct 9, 2025 $38,664,949

General Obligation Capital Appreciation Facilities Maintenance Bonds, Series 2025A (Minnesota School District Enhancement Program) (G) (book entry)

Dated Nov 5, 2025. Interest accrues Nov 5, 2025.

Due Feb 1, 2029 to 2034.

2033-2034 Callable Feb 1, 2032 at par.

Purchased through negotiation by Baird, as follows:

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

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


NORTH CAROLINA

Raleigh (City)

Oct 8, 2025 $68,175,000

Limited Obligation Bonds, Series 2025 (R) (book entry)

Dated Oct 22, 2025.

Due Oct 1, 2026 to 2045.

First coupon Apr 1, 2026.

2036-2045 Callable Oct 1, 2035 at par.

Purchased through negotiation by BofA Securities, Ramirez & Co., Inc., as follows:

L.O.: Womble Bond Dickinson LLP, Charlotte, NC.

F.A.: DEC Associates, Charlotte, NC.


NEBRASKA

Sanitary and Improvement District No. 366 of Sarpy County (The Tower District)

Oct 7, 2025 $2,840,000

General Obligation Bonds, Series 2025 (G) (bank qualified) (book entry)

Dated Nov 19, 2025. Interest accrues Nov 19, 2025.

Due Nov 15, 2030 to 2045.

First coupon May 15, 2026.

2031-2045 Callable Nov 15, 2030 at par.

Purchased through negotiation by Ameritas Investment Corp., as follows:

L.O.: Kutak Rock, Omaha, NE.

F.A.: Bluestem Capital Partners, Elkhorn, NE.


OHIO

Ohio

Oct 8, 2025 $185,270,000

Hospital Revenue Bonds, Series 2025A (University Hospitals Health System, Inc.) (R) (book entry)

Dated Oct 23, 2025.

Due Jan 15, 2027 to 2036.

First coupon Jan 15, 2026.

2036-2036 Callable Jan 15, 2035 at par.

Purchased through negotiation by BofA Securities, Morgan Stanley & Co., Inc., RBC Capital Markets, as follows:

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

F.A.: Kaufman, Hall & Associates, LLC, Chicago, IL.


Board of Education of the Wapakoneta City School District

Oct 8, 2025 $14,015,000

School Improvement General Obligation Refunding Bonds, Series 2025 (Ohio School District Credit Enhancement) (G) (book entry)

Dated Oct 30, 2025.

Due Dec 1, 2026 to 2035.

First coupon Jun 1, 2026.

Non-callable.

Purchased through negotiation by RBC Capital Markets, as follows:

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


PENNSYLVANIA

Chester County Health & Education Facilities Authority

Oct 8, 2025 $53,465,000

Revenue Bonds, Series 2025 (Tel Hai Retirement Community Project) (R) (book entry)

Dated Oct 23, 2025. Interest accrues Oct 23, 2025.

Due Jun 1, 2026 to 2055.

First coupon Jun 1, 2026.

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

Purchased through negotiation by Ziegler Capital Markets Group, as follows:

L.O.: Eckert, Seamans, Cherin & Mellott, Harrisburg, PA.

F.A.: FSL Public Finance, LLC, Reading, PA.


Lower Paxton Township

Oct 8, 2025 $5,000,000

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

Dated Nov 12, 2025.

Due Apr 1, 2027 to 2051.

First coupon Apr 1, 2026.

2031-2051 Callable Oct 1, 2030 at par.

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

L.O.: McNees Wallace & Nurick LLC, Harrisburg, PA.

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


Scranton City School District

Oct 8, 2025 $21,360,000

General Obligation Bonds, Series A of 2025 (Pennsylvania State Aid Intercept Program) (L) (book entry)

Dated Nov 13, 2025.

Due Dec 1, 2025 to Jun 1, 2037.

First coupon Dec 1, 2025.

2034-2037 Callable Dec 1, 2033 at par.

Purchased through negotiation by Stifel, Nicolaus & Co., Inc., Raymond James & Associates, Inc., RBC Capital Markets, as follows:

L.O.: Stevens & Lee, Scranton, PA.

F.A.: FSL Public Finance, LLC, Scranton, PA.


Erie (City)

Oct 8, 2025 $20,900,000

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

Dated Nov 5, 2025.

Due Nov 15, 2026 to 2046.

First coupon May 15, 2026.

2034-2046 Callable Nov 15, 2033 at par.

Purchased through negotiation by PNC Capital Markets, as follows:

L.O.: Knox McLauglin Gornall and Sennett, P.C., Erie, PA.


SOUTH CAROLINA

South Carolina Housing Finance and Development Authority

Oct 9, 2025 $195,000,000

Mortgage Revenue Bonds, Series 2025 C (R) (book entry)

Dated Oct 29, 2025.

Due Jan 1, 2027 to 2056.

First coupon Jan 1, 2026.

2034-2056 Callable Jan 1, 2034 at par.

Purchased through negotiation by BofA Securities, RBC Capital Markets, Wells Fargo Corporate & Investment Banking, as follows:

L.O.: Burr Forman McNair, Columbia, SC.

F.A.: Raymond James & Associates, Inc., St. Petersburg, FL.


TENNESSEE

Chattanooga Health, Educational and Housing Facility Board

Oct 8, 2025 $20,000,000

Multifamily Housing Revenue Bonds, Series 2025 (One Westside Phase 2B Project) (Mandatory Tender Date: 05/01/2029) (R) (book entry)

Dated Oct 14, 2025. Interest accrues Oct 14, 2025.

Due May 1, 2044.

First coupon May 1, 2026.

2044-2044 Callable Nov 1, 2028 at par.

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

L.O.: Bass, Berry & Sims PLC, Knoxville, TN.


UTAH

Lehi (City)

Oct 8, 2025 $13,920,000

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

Dated Oct 30, 2025.

Due Jun 1, 2026 to 2045.

First coupon Jun 1, 2026.

2036-2045 Callable Jun 1, 2035 at par.

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

L.O.: Farnsworth Johnson PLLC, Provo, UT.

F.A.: LRB Public Finance Advisors, Inc., Salt Lake, UT.


TAXABLE ISSUES


ALABAMA

Decatur (City)

Sep 30, 2025 $35,195,000

General Obligation Warrants, Series 2025-B (G) (book entry) (Taxable) $5,085,000.

Dated Oct 23, 2025.

Due Oct 1, 2026 to 2033.

First coupon Apr 1, 2026.

Non-callable.

Purchased through negotiation by Frazer Lanier Co., Inc., as follows:

L.O.: Bradley Arant Boult Cummings LLC, Birmingham, AL.


CALIFORNIA

San Diego Unified School District

Oct 8, 2025 $670,000,000

2025 General Obligation Bonds (Election of 2022, Series C-1) (Dedicated Unlimited Ad Valorem Property Tax Bonds) (G) (book entry) (Taxable) $14,970,000.

Dated Oct 22, 2025.

Due Jan 1, 2026.

First coupon Jan 1, 2026.

Non-callable.


2025 General Obligation Bonds (Election of 2018, Series I-1) (Dedicated Unlimited Ad Valorem Property Tax Bonds) (G) (book entry) (Taxable) $9,265,000.

Dated Oct 22, 2025.

Due Jan 1, 2026.

First coupon Jan 1, 2026.

Non-callable.


2025 General Obligation Bonds (Election of 2008, Series P-1) (Dedicated Unlimited Ad Valorem Property Tax Bonds) (G) (book entry) (Taxable) $7,740,000.

Dated Oct 22, 2025.

Due Jan 1, 2026.

First coupon Jan 1, 2026.

Non-callable.

L.O.: Orrick, Herrington & Sutcliffe, San Francisco, CA.

F.A.: KNN Public Finance, Los Angeles, CA.


INDIANA

Monroe County Community School Corporation

Oct 8, 2025 $7,300,000

General Obligation Bonds of 2025 (Indiana State Aid Intercept Program) (L) (book entry) (Taxable)

Dated Oct 30, 2025.

Due Jul 15, 2027 to Jan 15, 2036.

First coupon Jul 15, 2026.

Non-callable.

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

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

F.A.: Baker Tilly Municipal Advisors, LLC, Indianapolis, IN.