Municipals

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Municipal Bond Market Summary:
Week Ending 1/20/23

Our newsletter presents key trends derived from observable Municipal Bond pricing data over a weekly period.

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Top/Bottom Muni Performers
Top/Bottom state Perfromers
10 Yr Yld – All
10 Yr Yld – GO
10 Yr Yld – Rev
Sentiment
Top Movers
Most Quoted Munis

Top 10 Performers

Showcases the top 10 Muni Bond performers based on price movements between 1/13/23-1/20/23

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W DEALERS
1 OR ORSHGR 1.79 06/30/2030 1.793% 06/30/30 8.43% 85.00 78.39 16
2 PA MONHGR 4.00 09/01/2049 4.000% 09/01/49 7.66% 97.77 90.81 4
3 AZ SALPWR 4.84 01/01/2041 4.839% 01/01/41 7.33% 103.57 96.49 4
4 FL MIATRN 4.00 07/01/2050 4.000% 07/01/50 7.12% 98.19 91.67 6
5 VA VACHGR 3.00 02/01/2036 3.000% 02/01/36 7.10% 95.77 89.43 4
6 NY NYCDEV 3.00 11/15/2051 3.000% 11/15/51 6.80% 74.94 70.17 4
7 CA SBDDEV 2.98 09/01/2035 2.982% 09/01/35 6.54% 85.34 80.11 2
8 TX TXSHGR 2.65 05/15/2047 2.647% 05/15/47 6.28% 72.90 68.60 3
9 CA CASGEN 3.00 04/01/2050 3.000% 04/01/50 6.18% 79.96 75.30 12
10 TX HAR 5.00 10/01/2047 5.000% 10/01/47 6.06% 115.85 109.22 12

Bottom 10 Performers

Showcases the bottom 10 Muni Bond performers based on price movements between 1/13/23-1/20/23

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W DEALERS
1 IL FRE 3.85 01/01/2026 3.850% 01/01/26 -5.88% 96.67 102.71 2
2 VA HMRUTL 5.00 10/01/2032 5.000% 10/01/32 -4.55% 106.47 111.54 2
3 IL ILSGEN 3.25 05/15/2039 3.250% 05/15/39 -4.50% 87.95 92.10 2
4 WY WYSHSG 3.20 12/01/2041 3.200% 12/01/41 -2.56% 90.93 93.32 2
5 MI OKLHGR 5.00 03/01/2035 5.000% 03/01/35 -2.27% 105.56 108.01 3
6 NY NYSHSG 1.95 11/01/2032 1.950% 11/01/32 -2.00% 83.40 85.10 2
7 NY MTATRN 4.00 11/15/2044 4.000% 11/15/44 -1.82% 99.81 101.66 3
8 FL FLSHSG 1.55 01/01/2032 1.550% 01/01/32 -1.56% 88.62 90.02 2
9 IL REGTRN 5.00 07/01/2028 5.000% 07/01/28 -1.50% 111.07 112.77 2
10 TN TNSHSG 3.50 01/01/2047 3.500% 01/01/47 -1.48% 99.08 100.57 2

Top 10 State Performers

Showcases the top 10 Muni State performers based on yield movements between 1/13/23-1/20/23

RANK STATE CHANGE YLD YLD-1W
1 OR -36 bps 3.46% 3.82%
2 HI -35 bps 3.51% 3.86%
3 MS -33 bps 3.08% 3.41%
4 CT -27 bps 3.25% 3.52%
5 ME -25 bps 3.22% 3.47%
6 GA -22 bps 3.13% 3.35%
7 NJ -21 bps 3.27% 3.48%
8 NE -20 bps 3.01% 3.21%
9 KS -20 bps 3.14% 3.34%
10 SC -19 bps 3.00% 3.19%

Bottom 10 State Performers

Showcases the bottom 10 Muni State performers based on yield movements between 1/13/23-1/20/23

RANK STATE CHANGE YLD YLD-1W
1 MD 30 bps 3.19% 2.88%
2 AZ 23 bps 3.16% 2.93%
3 IL 19 bps 3.66% 3.47%
4 AL 17 bps 3.23% 3.06%
5 MO 15 bps 3.62% 3.47%
6 TN 13 bps 3.30% 3.17%
7 MA 6 bps 3.22% 3.16%
8 NH 4 bps 2.66% 2.61%
9 FL 4 bps 3.30% 3.26%
10 WA 0 bps 3.55% 3.54%

10 Year Yield by State – All

Displays the average Muni 10 year yield by state between 1/13/23-1/20/23 (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 1/13/23-1/20/23 (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 1/13/23-1/20/23 (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 1/13/23-1/20/23

Top Quote Volume Movers: This Week vs Last Week

Exhibits the Munis with the largest increase in quote volume for the week ending 1/13/23 vs. the week ending 1/20/23

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 NY MTATRN 5.25 11/15/2057 5.25% 11/15/57 29 110 81 279%
2 NY MTATRN 4.00 11/15/2051 4.00% 11/15/51 5 82 77 1540%
3 NY NYCDEV 3.00 03/01/2049 3.00% 03/01/49 28 104 76 271%
4 NY NYSHGR 5.00 07/01/2049 5.00% 07/01/49 5 80 75 1500%
5 NY TRBTRN 5.00 11/15/2051 5.00% 11/15/51 37 109 72 195%
6 NY NYSDEV 3.00 03/15/2048 3.00% 03/15/48 9 80 71 789%
7 TX AUSUTL 5.00 11/15/2039 5.00% 11/15/39 17 75 58 341%
8 WA DOUUTL 5.00 09/01/2047 5.00% 09/01/47 6 64 58 967%
9 CO DENSCD 4.00 12/01/2045 4.00% 12/01/45 38 95 57 150%
10 GA ATLAPT 4.00 07/01/2040 4.00% 07/01/40 21 76 55 262%

Most Quoted Munis

Ranks the Munis that were quoted by the highest number of dealers between 1/13/23 – 1/20/23

RANK TRANCHE COUPON MATURITY DEALERS
1 NY NYSTRN 5.00 03/15/2053 5.00% 03/15/53 35
2 NY NYCGEN 5.00 02/01/2047 5.00% 02/01/47 32
3 NY NYCGEN 4.00 08/01/2045 4.00% 08/01/45 31
4 VA HRDTRN 4.00 07/01/2050 4.00% 07/01/50 30
5 NY PORTRN 5.00 01/15/2052 5.00% 01/15/52 30
6 UT UNIHGR 4.00 08/01/2051 4.00% 08/01/51 30
7 PR PRCGEN 5.00 07/01/2058 5.00% 07/01/58 30
8 NY TRBTRN 5.50 11/15/2057 5.50% 11/15/57 29
9 TX TXSWTR 4.00 10/15/2045 4.00% 10/15/45 27
10 MA MAS 5.00 07/01/2045 5.00% 07/01/45 27

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