Bond Selection

Our expertise as municipal bond specialists – paired with diligent credit research – enable us to find and seize opportunities in market inefficiencies with the goal to produce above average returns.

Interest Rate Comparison

2018-08-15 Interest Rate Comparison

The tables below are a sample of our current bond offerings. Contact us to learn more about any bond or others like it.

Tax-exempt Offerings

Insurer	Cust Ofr	Description	Call 1	CUSIP	Mat Dt	Cpn	Price	Yield	YTM	Taxable
	30	GRAND TRAVERSE CNTY MI LTGO BQ		386497BM2	10/1/2019	3.500	101.582	2.000		n
	250	KIRBY TX LIMITED TAX GO BQ		497314FB5	3/1/2020	4.000	103.142	1.850		n
	35	GRAND TRAVERSE CNTY MI LTGO BQ		386497BN0	10/1/2020	3.500	102.823	2.100		n
ST AID WIT	60	ZIONSVILLE IN SER B LTGO		989726CZ5	1/15/2021	3.250	103.144	1.900		n
ST AID WIT	55	ZIONSVILLE IN SER D LTGO		989726GB4	1/15/2021	3.250	103.144	1.900		n
	160	KIRBY TX LIMTED TAX GO BQ		497314FC3	3/1/2021	4.000	104.832	2.000		n
	250	RENSSELAER IN ELEC UTILITY REVENUE BQ	Callable 7/1/2020 @ 100	760031GG3	7/1/2021	2.500	100.455	2.250	2.335	n
ST AID WIT	60	ZIONSVILLE IN SER B LTGO		989726DA9	7/15/2021	3.250	103.497	2.000		n
ST AID WIT	45	ZIONSVILLE IN SER C LTGO		989726EP5	7/15/2021	3.250	103.497	2.000		n
ST AID WIT	60	ZIONSVILLE IN SER D LTGO		989726GC2	7/15/2021	3.250	103.497	2.000		n
	35	GRAND TRAVERSE CNTY MI LTGO BQ		386497BP5	10/1/2021	3.500	103.840	2.200		n
ST AID WIT	60	ZIONSVILLE IN SER D LTGO		989726GD0	1/15/2022	3.250	103.914	2.050		n
	270	KIRBY TX LIMITED TAX GO BQ		497314FD1	3/1/2022	4.000	106.359	2.100		n
AGM	385	MICHIGAN CITY IN WTRWKS REVENUE REF BQ		594406FQ8	3/1/2022	3.000	103.231	2.050		n
ST AID WIT	60	ZIONSVILLE IN SER B LTGO		989726DC5	7/15/2022	3.250	104.277	2.100		n
ST AID WIT	45	ZIONSVILLE IN SER C LTGO		989726ER1	7/15/2022	3.250	104.277	2.100		n
AGM	190	FRANKLIN CNTY KS UNIF SCH DIST #287		352813AD1	9/1/2022	5.000	111.545	2.000		n
	35	GRAND TRAVERSE CNTY MI LTGO BQ		386497BQ3	10/1/2022	3.500	104.638	2.300		n
ST AID WIT	25	ZIONSVILLE IN SER C LTGO		989726ES9	1/15/2023	3.250	104.587	2.150		n
ST AID WIT	30	ZIONSVILLE IN SER B LTGO		989726DE1	7/15/2023	3.250	104.845	2.200		n
	35	GRAND TRAVERSE CNTY MI LTGO BQ		386497BR1	10/1/2023	3.500	105.222	2.400		n
ST AID WIT	65	ZIONSVILLE IN SER B LTGO		989726DF8	1/15/2024	3.250	104.792	2.300		n
ST AID WIT	40	ZIONSVILLE IN SER B LTGO		989726DG6	7/15/2024	3.250	104.925	2.350		n
AGM	25	WASHOUGAL WA WTR & SWR REVENUE	Callable 3/1/2021 @ 100	940885DG8	9/1/2024	4.500	106.171	2.000	3.363	n
	40	GRAND TRAVERSE CNTY MI LTGO BQ		386497BS9	10/1/2024	3.500	105.600	2.500		n
	25	NORMAL IL REF UTGO BQ	Callable 6/1/2023 @ 100	656066MW4	12/1/2024	4.000	107.672	2.300	2.667	n
ST AID WIT	25	ZIONSVILLE IN SER A LTGO		989726BU7	1/15/2025	3.250	104.405	2.500		n
ST AID WIT	50	ZIONSVILLE IN SER C LTGO		989726EW0	1/15/2025	3.250	104.405	2.500		n
ST AID WIT	65	ZIONSVILLE IN SER D LTGO		989726GK4	1/15/2025	3.250	104.405	2.500		n
ST AID WIT	75	ZIONSVILLE IN SER A LTGO		989726BV5	7/15/2025	3.250	104.398	2.550		n
ST AID WIT	65	ZIONSVILLE IN SER B LTGO		989726DJ0	7/15/2025	3.250	104.398	2.550		n
ST AID WIT	25	ZIONSVILLE IN SER C LTGO		989726EX8	7/15/2025	3.250	104.398	2.550		n
ST AID WIT	65	ZIONSVILLE IN SER D LTGO		989726GL2	7/15/2025	3.250	104.398	2.550		n
	40	GRAND TRAVERSE CNTY MI LTGO BQ		386497BT7	10/1/2025	3.500	105.778	2.600		n
	25	SLINGER WI ELEC SYS REVENUE SER B		83145PBJ4	6/1/2026	4.000	104.912	3.280		n
ST AID WIT	50	ZIONSVILLE IN SER C LTGO		989726EZ3	7/15/2026	3.250	103.885	2.700		n
	40	GRAND TRAVERSE CNTY MI LTGO BQ	Callable 10/1/2025 @ 100	386497BU4	10/1/2026	3.500	105.117	2.700	2.788	n
ST INTERCE	215	WARSAW IN CMNTY SCHS LTGO		936376BN1	1/15/2027	5.000	117.210	2.700		n
ST AID WIT	70	ZIONSVILLE IN SER B LTGO		989726DM3	1/15/2027	3.250	103.723	2.750		n
ST AID WIT	70	ZIONSVILLE IN SER D LTGO		989726GP3	1/15/2027	3.250	103.723	2.750		n
BAM	225	CLINTON IA UTGO	Callable 6/1/2026 @ 100	187720WP8	6/1/2027	3.000	101.740	2.750	2.775	n
ST AID WIT	70	ZIONSVILLE IN SER D LTGO		989726GQ1	7/15/2027	3.250	103.519	2.800		n
	40	GRAND TRAVERSE CNTY MI LTGO BQ	Callable 10/1/2025 @ 100	386497BV2	10/1/2027	3.500	104.461	2.800		n
ST AID WIT	30	ZIONSVILLE IN SER A LTGO		989726CA0	1/15/2028	3.250	103.274	2.850		n
ST AID WIT	75	ZIONSVILLE IN SER B LTGO		989726DP6	1/15/2028	3.250	103.274	2.850		n
ST AID WIT	70	ZIONSVILLE IN SER D LTGO		989726GR9	1/15/2028	3.250	103.274	2.850		n
	100	FOND DU LAC WI PROMISSORY NTS UTGO	Callable 3/1/2026 @ 100	344461LQ9	3/1/2028	3.000	101.350	2.800	2.837	n
ST AID WIT	85	ZIONSVILLE IN SER A LTGO	Callable 1/15/2028 @ 100	989726CB8	7/15/2028	3.250	102.858	2.900	2.915	n
ST AID WIT	75	ZIONSVILLE IN SER D LTGO	Callable 1/15/2028 @ 100	989726GS7	7/15/2028	3.250	102.858	2.900	2.915	n
	45	GRAND TRAVERSE CNTY MI LTGO BQ	Callable 10/1/2025 @ 100	386497BW0	10/1/2028	3.500	103.163	3.000	3.131	n
ST AID WIT	75	ZIONSVILLE IN SER B LTGO	Callable 1/15/2028 @ 100	989726DR2	1/15/2029	3.250	102.031	3.000	3.021	n
ST AID WIT	75	ZIONSVILLE IN SER D LTGO	Callable 1/15/2028 @ 100	989726GT5	1/15/2029	3.250	102.031	3.000	3.021	n
AGM	255	HOBART IN STORM WTR MGMT DIST	Callable 7/1/2028 @ 100	433785AX0	7/1/2029	3.250	102.121	3.000	3.020	n
ST AID WIT	35	ZIONSVILLE IN SER A LTGO	Callable 1/15/2028 @ 100	989726CD4	7/15/2029	3.250	101.620	3.050	3.074	n
ST AID WIT	60	ZIONSVILLE IN SER C LTGO	Callable 1/15/2028 @ 100	989726FF6	7/15/2029	3.250	101.620	3.050	3.074	n
ST AID WIT	75	ZIONSVILLE IN SER D LTGO	Callable 1/15/2028 @ 100	989726GU2	7/15/2029	3.250	101.620	3.050	3.074	n
	25	BROWNSBURG IN BQ	Callable 8/1/2028 @ 100	11609TAX6	8/1/2029	3.000	99.536	3.050		n
AGM	160	FRANKLIN CNTY KS UNIF SCH DIST #287	Callable 9/1/2023 @ 100	352813AL3	9/1/2029	3.000	100.000	3.000	3.000	n
	45	GRAND TRAVERSE CNTY MI LTGO BQ	Callable 10/1/2025 @ 100	386497BX8	10/1/2029	3.500	102.201	3.150	3.261	n
ST AID WIT	80	ZIONSVILLE IN SER B LTGO	Callable 1/15/2028 @ 100	989726DT8	1/15/2030	3.250	101.212	3.100	3.123	n
ST AID WIT	60	ZIONSVILLE IN SER C LTGO	Callable 1/15/2028 @ 100	989726FG4	1/15/2030	3.250	101.212	3.100	3.123	n
	620	ORCHARD PARK TOWN NY LTGO	Callable 7/15/2026 @ 100	685661LW8	7/15/2030	3.250	101.748	3.000	3.074	n
ST AID WIT	115	ZIONSVILLE IN SER A LTGO	Callable 1/15/2028 @ 100	989726CF9	7/15/2030	3.250	100.805	3.150	3.168	n
ST AID WIT	150	ZIONSVILLE IN SER D LTGO	Callable 1/15/2028 @ 100	989726GW8	7/15/2030	3.250	100.805	3.150	3.168	n
	70	WAKEFIELD MA MUNI PURPOSE LOAN LTGO	Callable 8/15/2027 @ 100	931065RA6	8/15/2030	4.000	109.488	2.800	3.050	n
	25	FORT LAUDERDALE FL WTR & SWR REV	Callable 9/1/2021 @ 100	347658TT3	9/1/2030	3.250	100.721	3.000	3.177	n
	45	GRAND TRAVERSE CNTY MI LTGO BQ	Callable 10/1/2025 @ 100	386497BY6	10/1/2030	3.500	101.566	3.250	3.341	n
	480	WESTERVILLE OH CAPITAL FACS LTGO	Callable 6/1/2028 @ 100	960011M68	12/1/2030	4.000	110.665	2.750	2.959	n
ST AID WIT	160	ZIONSVILLE IN SER B LTGO	Callable 1/15/2028 @ 100	989726DV3	1/15/2031	3.250	100.000	3.250	3.250	n
ST AID WIT	120	ZIONSVILLE IN SER C LTGO	Callable 1/15/2028 @ 100	989726FJ8	1/15/2031	3.250	100.000	3.250	3.250	n
	160	BROWNSBURG IN BQ	Callable 8/1/2028 @ 100	11609TBA5	2/1/2031	3.100	98.472	3.250		n
	415	ORCHARD PARK TOWN NY LTGO	Callable 7/15/2026 @ 100	685661LX6	7/15/2031	3.250	101.044	3.100	3.151	n
ST AID WIT	135	ZIONSVILLE IN SER A LTGO	Callable 1/15/2028 @ 100	989726CH5	7/15/2031	3.250	99.684	3.280		n
ST AID WIT	160	ZIONSVILLE IN SER D LTGO	Callable 1/15/2028 @ 100	989726GY4	7/15/2031	3.250	99.684	3.280		n
	50	GRAND TRAVERSE CNTY MI LTGO BQ	Callable 10/1/2025 @ 100	386497BZ3	10/1/2031	3.500	101.250	3.300	3.381	n
	115	BROWNSBURG IN BQ	Callable 8/1/2028 @ 100	11609TBC1	2/1/2032	3.150	97.846	3.350		n
AGM	375	HARRIS CNTY TX MUD #49 UTGO BQ	Callable 4/1/2023 @ 100	414945KL8	4/1/2032	3.375	99.188	3.450		n
BAM	125	CLINTON IA UTGO	Callable 6/1/2026 @ 100	187720WU7	6/1/2032	3.125	98.070	3.300		n
	775	ORCHARD PARK TOWN NY LTGO	Callable 7/15/2026 @ 100	685661LY4	7/15/2032	3.250	100.694	3.150	3.188	n
ST AID WIT	250	ZIONSVILLE IN SER B LTGO	Callable 1/15/2028 @ 100	989726DY7	7/15/2032	3.250	99.444	3.300		n
ST AID WIT	190	ZIONSVILLE IN SER C LTGO	Callable 1/15/2028 @ 100	989726FM1	7/15/2032	3.250	99.444	3.300		n
	50	GRAND TRAVERSE CNTY MI LTGO BQ	Callable 10/1/2025 @ 100	386497CA7	10/1/2032	3.500	100.622	3.400	3.444	n
	250	LAUDERHILL FL CAPITAL IMPT REVENUE	Callable 1/1/2023 @ 100	51856CAR2	1/1/2033	4.125	104.163	3.100	3.748	n
ST AID WIT	260	ZIONSVILLE IN SER A LTGO	Callable 1/15/2028 @ 100	989726CL6	1/15/2033	3.250	98.863	3.350		n
ST AID WIT	250	ZIONSVILLE IN SER D LTGO	Callable 1/15/2028 @ 100	989726HB3	1/15/2033	3.250	98.863	3.350		n
AGM	375	HARRIS CNTY TX MUD #49 UTGO BQ	Callable 4/1/2023 @ 100	414945KM6	4/1/2033	3.375	98.577	3.500		n
BAM	155	CLINTON IA UTGO	Callable 6/1/2026 @ 100	187720WV5	6/1/2033	3.125	97.388	3.350		n
	510	ORCHARD PARK TOWN NY LTGO	Callable 7/15/2026 @ 100	685661LZ1	7/15/2033	3.250	100.345	3.200	3.221	n
	50	GRAND TRAVERSE CNTY MI LTGO BQ	Callable 10/1/2025 @ 100	386497CB5	10/1/2033	3.500	100.000	3.500	3.500	n
ST AID WIT	260	ZIONSVILLE IN SER B LTGO	Callable 1/15/2028 @ 100	989726EB6	1/15/2034	3.250	98.211	3.400		n
ST AID WIT	195	ZIONSVILLE IN SER C LTGO	Callable 1/15/2028 @ 100	989726FQ2	1/15/2034	3.250	98.211	3.400		n
AGM	375	HARRIS CNTY TX MUD #49 UTGO BQ	Callable 4/1/2023 @ 100	414945KN4	4/1/2034	3.500	99.402	3.550		n
BAM	605	CLINTON IA UTGO	Callable 6/1/2026 @ 100	187720WW3	6/1/2034	3.250	98.175	3.400		n
	635	ORCHARD PARK TOWN NY LTGO	Callable 7/15/2026 @ 100	685661MA5	7/15/2034	3.250	100.000	3.250	3.250	n
ST AID WIT	260	ZIONSVILLE IN SER D LTGO	Callable 1/15/2028 @ 100	989726HE7	7/15/2034	3.250	97.926	3.420		n
	55	GRAND TRAVERSE CNTY MI LTGO BQ	Callable 10/1/2025 @ 100	386497CC3	10/1/2034	3.550	100.000	3.550	3.550	n
	60	BROWNSBURG IN BQ	Callable 8/1/2028 @ 100	11609TBJ6	2/1/2035	3.300	98.127	3.450		n
AGM	375	HARRIS CNTY TX MUD #49 UTGO BQ	Callable 4/1/2023 @ 100	414945KP9	4/1/2035	3.500	98.755	3.600		n
BAM	655	CLINTON IA UTGO	Callable 6/1/2026 @ 100	187720WX1	6/1/2035	3.250	97.463	3.450		n
	635	ORCHARD PARK TOWN NY LTGO	Callable 7/15/2026 @ 100	685661MB3	7/15/2035	3.250	99.353	3.300		n
ST AID WIT	275	ZIONSVILLE IN SER B LTGO	Callable 1/15/2028 @ 100	989726EE0	7/15/2035	3.300	98.089	3.450		n
ST AID WIT	210	ZIONSVILLE IN SER C LTGO	Callable 1/15/2028 @ 100	989726FT6	7/15/2035	3.300	98.089	3.450		n
	45	GRAND TRAVERSE CNTY MI LTGO BQ	Callable 10/1/2025 @ 100	386497CD1	10/1/2035	3.600	100.000	3.600	3.600	n
	505	WESTERVILLE OH CAPITAL FACS LTGO	Callable 6/1/2028 @ 100	960011N34	12/1/2035	3.300	100.000	3.300	3.300	n
ST AID WIT	315	ZIONSVILLE IN SER A LTGO	Callable 1/15/2028 @ 100	989726CS1	1/15/2036	3.350	98.311	3.480		n
ST AID WIT	275	ZIONSVILLE IN SER D LTGO	Callable 1/15/2028 @ 100	989726HH0	1/15/2036	3.350	98.311	3.480		n
	650	ORCHARD PARK TOWN NY LTGO	Callable 7/15/2026 @ 100	685661MC1	7/15/2036	3.250	98.659	3.350		n
	55	GRAND TRAVERSE CNTY MI LTGO BQ	Callable 10/1/2025 @ 100	386497CE9	10/1/2036	3.650	100.000	3.650	3.650	n
ST AID WIT	220	ZIONSVILLE IN SER A LTGO	Callable 1/15/2028 @ 100	989726CU6	1/15/2037	3.400	98.382	3.520		n
ST AID WIT	285	ZIONSVILLE IN SER B LTGO	Callable 1/15/2028 @ 100	989726EH3	1/15/2037	3.400	98.382	3.520		n
	660	ORCHARD PARK TOWN NY LTGO	Callable 7/15/2026 @ 100	685661MD9	7/15/2037	3.250	97.917	3.400		n
	60	GRAND TRAVERSE CNTY MI LTGO BQ	Callable 10/1/2025 @ 100	386497CF6	10/1/2037	3.700	100.000	3.700	3.700	n
	660	ORCHARD PARK TOWN NY LTGO	Callable 7/15/2026 @ 100	685661ME7	7/15/2038	3.250	97.134	3.450		n
	60	GRAND TRAVERSE CNTY MI LTGO BQ	Callable 10/1/2025 @ 100	386497CG4	10/1/2038	3.750	100.000	3.750	3.750	n
	585	ORCHARD PARK TOWN NY LTGO	Callable 7/15/2026 @ 100	685661MF4	7/15/2039	3.375	98.154	3.500		n
	105	DEL MAR TX CLG DIST LIMITED TAX GO	Callable 8/15/2026 @ 100	245176GW6	8/15/2039	5.000	114.117	3.002	4.000	n
	605	ORCHARD PARK TOWN NY LTGO	Callable 7/15/2026 @ 100	685661MG2	7/15/2040	3.375	97.348	3.550		n
	150	DEL MAR TX CLG DIST LIMTED TAX	Callable 8/15/2026 @ 100	245176GX4	8/15/2040	5.000	114.131	3.000	4.026	n
	625	ORCHARD PARK TOWN NY LTGO	Callable 7/15/2026 @ 100	685661MJ6	7/15/2042	3.500	98.245	3.610		n
	100	REYNOLDSBURG OH LTGO	Callable 6/1/2028 @ 100	761848TF7	12/1/2042	3.550	97.605	3.700		n
AGM	25	HARRIS CNTY TX MUD #49 UTGO BQ	Callable 4/1/2023 @ 100	414945KX2	4/1/2043	3.625	98.000	3.750		n
	650	ORCHARD PARK TOWN NY LTGO	Callable 7/15/2026 @ 100	685661MK3	7/15/2043	3.500	98.038	3.620		n
	1185	WAKEFIELD MA MUNI PURPOSE LOAN LTGO	Callable 8/15/2027 @ 100	931065RP3	8/15/2043	3.500	99.012	3.560		n
	415	ORCHARD PARK TOWN NY LTGO	Callable 7/15/2026 @ 100	685661ML1	7/15/2044	3.500	97.826	3.630		n
	200	REYNOLDSBURG OH LTGO	Callable 6/1/2028 @ 100	761848TM2	12/1/2048	3.600	97.293	3.750		n

*Tax-Free Offerings are free from current Federal income taxes only. Income may be subject to state and local taxes and the alternative minimum tax (AMT). AMBAC, MBIA, XLCA, FGIC and CIFG are on credit watch for possible downgrade.

Taxable Offerings

Insurer	Cust Ofr	Description	Call 1	CUSIP	Mat Dt	Cpn	Price	Yield	YTM	Taxable
	1000	COOK CNTY IL CCD #524 TAXABLE	Callable 12/1/2020 @ 100	216129ES1	12/1/2023	3.100	99.272	3.250		y
	35	OHIO ST HOSP FAC REVENUE TAXABLE		677561JP8	1/1/2028	3.019	95.024	3.650		y
	330	BROOKFIELD WI TXBL- UTGO	Callable 3/1/2028 @ 100	112857FK8	3/1/2029	3.500	99.562	3.550		y
	10	WICOMICO CNTY MD TXBL-PUB IMPT-SER B	Callable 7/1/2025 @ 100	9675454Y7	7/1/2029	4.000	102.414	3.600	3.728	y
	400	MONTANA ST TAXABLE- UTGO	Callable 8/1/2020 @ 100	612103RL7	8/1/2029	4.800	103.789	2.800	4.361	y
	225	SEDGWICK CNTY KS TAXABLE UTGO	Callable 8/1/2020 @ 100	815323JH4	8/1/2030	5.500	105.116	2.800	4.929	y

May lose principal • Not FDIC insured • Not appropriate for all investors
Past performance does not guarantee future returns
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