Municipals
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Municipal Bond Market Summary:
Week Ending 1/13/23
Our newsletter presents key trends derived from observable Municipal Bond pricing data over a weekly period.
Top 10 Performers
Showcases the top 10 Muni Bond performers based on price movements between 1/6/23-1/13/23
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W | DEALERS |
| 1 | MD MDSMED 3.05 07/01/2040 | 3.052% | 07/01/40 | 11.98% | 81.23 | 72.54 | 5 |
| 2 | CA SAASCD 0.00 08/01/2033 | 0.000% | 08/01/33 | 9.29% | 69.99 | 64.04 | 3 |
| 3 | IL MPNFAC 0.00 12/15/2054 | 0.000% | 12/15/54 | 9.08% | 20.09 | 18.42 | 4 |
| 4 | NY NYSTRN 4.13 03/15/2057 | 4.125% | 03/15/57 | 7.94% | 98.87 | 91.60 | 8 |
| 5 | NY MTATRN 4.00 11/15/2045 | 4.000% | 11/15/45 | 7.70% | 92.47 | 85.85 | 8 |
| 6 | NY NYSDEV 4.00 03/15/2048 | 4.000% | 03/15/48 | 7.09% | 98.73 | 92.19 | 8 |
| 7 | CT WES 2.86 07/01/2046 | 2.864% | 07/01/46 | 6.98% | 71.12 | 66.48 | 3 |
| 8 | GA MELPWR 4.00 01/01/2049 | 4.000% | 01/01/49 | 6.62% | 99.39 | 93.22 | 11 |
| 9 | CA LRSHGR 3.00 08/01/2035 | 3.000% | 08/01/35 | 6.11% | 98.99 | 93.29 | 12 |
| 10 | PA PASHGR 4.00 08/15/2049 | 4.000% | 08/15/49 | 6.04% | 99.03 | 93.39 | 2 |
Bottom 10 Performers
Showcases the bottom 10 Muni Bond performers based on price movements between 1/6/23-1/13/23
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W | DEALERS |
| 1 | CA OXNWTR 7.00 06/01/2040 | 7.000% | 06/01/40 | -4.12% | 113.18 | 118.04 | 5 |
| 2 | MO MOSMED 3.88 02/15/2032 | 3.875% | 02/15/32 | -3.75% | 99.88 | 103.77 | 2 |
| 3 | CA WHISCD 3.25 08/01/2033 | 3.250% | 08/01/33 | -3.66% | 99.82 | 103.62 | 2 |
| 4 | KS WIC 3.00 06/01/2030 | 3.000% | 06/01/30 | -3.49% | 99.58 | 103.18 | 2 |
| 5 | NY NYC 3.00 08/01/2031 | 3.000% | 08/01/31 | -3.26% | 98.84 | 102.17 | 2 |
| 6 | CA SDGAPT 5.59 07/01/2043 | 5.594% | 07/01/43 | -3.22% | 100.59 | 103.94 | 2 |
| 7 | TX FTW 3.10 03/01/2032 | 3.100% | 03/01/32 | -3.11% | 99.28 | 102.46 | 2 |
| 8 | CA KERSCD 3.00 08/01/2030 | 3.000% | 08/01/30 | -2.73% | 99.19 | 101.98 | 2 |
| 9 | CA SUNSCD 4.00 09/01/2050 | 4.000% | 09/01/50 | -2.36% | 100.42 | 102.85 | 4 |
| 10 | PA SELSCD 3.00 03/01/2030 | 3.000% | 03/01/30 | -2.13% | 100.02 | 102.20 | 3 |
Top 10 State Performers
Showcases the top 10 Muni State performers based on yield movements between 1/6/23-1/13/23
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | VA | -50 bps | 2.73% | 3.23% |
| 2 | MD | -47 bps | 2.88% | 3.35% |
| 3 | AL | -42 bps | 3.06% | 3.48% |
| 4 | IL | -42 bps | 3.39% | 3.81% |
| 5 | LA | -40 bps | 3.25% | 3.65% |
| 6 | NC | -40 bps | 2.92% | 3.31% |
| 7 | AZ | -38 bps | 2.93% | 3.30% |
| 8 | PA | -31 bps | 3.32% | 3.63% |
| 9 | MO | -30 bps | 3.49% | 3.79% |
| 10 | FL | -29 bps | 3.26% | 3.55% |
Bottom 10 State Performers
Showcases the bottom 10 Muni State performers based on yield movements between 1/6/23-1/13/23
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | HI | 29 bps | 3.85% | 3.56% |
| 2 | OR | 28 bps | 3.81% | 3.53% |
| 3 | GA | 19 bps | 3.30% | 3.11% |
| 4 | WA | 12 bps | 3.54% | 3.43% |
| 5 | NV | 3 bps | 3.11% | 3.08% |
| 6 | SC | 3 bps | 3.19% | 3.16% |
| 7 | CA | 1 bps | 3.57% | 3.56% |
| 8 | MS | -1 bps | 3.43% | 3.44% |
| 9 | NE | -1 bps | 3.21% | 3.22% |
| 10 | CO | -2 bps | 3.45% | 3.47% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 1/6/23-1/13/23 (General Obligation and Revenue Bonds)
Results are based on 5 select states, however, we offer data across all 50 states and U.S. territories
10 Year Yield by State – GO Only
Displays the average Muni 10 year yield by state between 1/6/23-1/13/23 (General Obligation Bonds only)
Results are based on 5 select states, however, we offer data across all 50 states and U.S. territories
10 Year Yield by State – Rev Only
Displays the average Muni 10 year yield by state between 1/6/23-1/13/23 (Revenue Bonds only)
Results are based on 5 select states, however, we offer data across all 50 states and U.S. territories
Sentiment
Reveals the percent of Muni bonds increasing in price (advancers) vs. decreasing in price (decliners) between 1/6/23-1/13/23
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 1/6/23 vs. the week ending 1/13/23
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | NY NYSTRN 5.00 03/15/2053 | 5.00% | 03/15/53 | 107 | 164 | 57 | 53% |
| 2 | NY NYCUTL 5.00 06/15/2052 | 5.00% | 06/15/52 | 19 | 75 | 56 | 295% |
| 3 | NY NYSHGR 4.00 03/15/2046 | 4.00% | 03/15/46 | 19 | 74 | 55 | 289% |
| 4 | NJ NJSTRN 5.00 06/15/2030 | 5.00% | 06/15/30 | 7 | 59 | 52 | 743% |
| 5 | SC SCSUTL 4.00 12/01/2052 | 4.00% | 12/01/52 | 12 | 64 | 52 | 433% |
| 6 | AZ AZSMED 4.00 02/01/2050 | 4.00% | 02/01/50 | 43 | 95 | 52 | 121% |
| 7 | OH UPPGEN 5.00 12/01/2046 | 5.00% | 12/01/46 | 10 | 60 | 50 | 500% |
| 8 | NY NYCGEN 4.00 08/01/2045 | 4.00% | 08/01/45 | 54 | 103 | 49 | 91% |
| 9 | NJ NJSTRN 4.00 06/15/2050 | 4.00% | 06/15/50 | 50 | 98 | 48 | 96% |
| 10 | DC METAPT 4.00 10/01/2052 | 4.00% | 10/01/52 | 77 | 125 | 48 | 62% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 1/6/23 – 1/13/23
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | NY NYSTRN 5.00 03/15/2053 | 5.00% | 03/15/53 | 32 |
| 2 | NY NYCUTL 5.25 06/15/2052 | 5.25% | 06/15/52 | 31 |
| 3 | NY PORTRN 5.00 01/15/2052 | 5.00% | 01/15/52 | 29 |
| 4 | PR PRCGEN 5.00 07/01/2058 | 5.00% | 07/01/58 | 29 |
| 5 | VA HRDTRN 4.00 07/01/2050 | 4.00% | 07/01/50 | 28 |
| 6 | NY NYCGEN 4.00 08/01/2045 | 4.00% | 08/01/45 | 28 |
| 7 | UT UNIHGR 4.00 08/01/2051 | 4.00% | 08/01/51 | 27 |
| 8 | NY TRBTRN 5.00 05/15/2051 | 5.00% | 05/15/51 | 26 |
| 9 | TN MNVAPT 5.25 07/01/2047 | 5.25% | 07/01/47 | 25 |
| 10 | NY NYSHGR 4.00 03/15/2049 | 4.00% | 03/15/49 | 25 |
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