Municipals
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Municipal Bond Market Summary:
Week Ending 2/3/23
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 1/27/23-2/3/23
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W | DEALERS |
| 1 | WA FRAPWR 2.97 09/01/2041 | 2.974% | 09/01/41 | 8.64% | 77.21 | 71.07 | 4 |
| 2 | WV MARHGR 3.48 05/01/2032 | 3.477% | 05/01/32 | 6.26% | 98.03 | 92.25 | 4 |
| 3 | FL MDCTRN 4.00 10/01/2049 | 4.000% | 10/01/49 | 5.71% | 97.84 | 92.56 | 6 |
| 4 | MN MINMED 5.00 11/15/2034 | 5.000% | 11/15/34 | 5.59% | 114.36 | 108.30 | 4 |
| 5 | CT WES 2.86 07/01/2046 | 2.864% | 07/01/46 | 5.56% | 74.46 | 70.53 | 6 |
| 6 | CA SEMIMP 3.25 12/01/2037 | 3.250% | 12/01/37 | 5.22% | 98.44 | 93.56 | 2 |
| 7 | NJ NJSTRN 0.00 12/15/2030 | 0.000% | 12/15/30 | 5.16% | 76.78 | 73.01 | 3 |
| 8 | SC SCSUTL 6.45 12/01/2042 | 6.447% | 12/01/42 | 5.00% | 120.00 | 114.29 | 5 |
| 9 | CA UNVHGR 4.86 05/15/2112 | 4.858% | 05/15/12 | 4.73% | 95.69 | 91.37 | 2 |
| 10 | WA WASHSG 5.00 01/01/2036 | 5.000% | 01/01/36 | 4.62% | 94.09 | 89.93 | 2 |
Bottom 10 Performers
Showcases the bottom 10 Muni Bond performers based on price movements between 1/27/23-2/3/23
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W | DEALERS |
| 1 | KY KYS 5.00 09/01/2034 | 5.000% | 09/01/34 | -4.51% | 102.15 | 106.97 | 2 |
| 2 | OK GRRPWR 6.93 06/01/2030 | 6.930% | 06/01/30 | -4.35% | 105.37 | 110.16 | 5 |
| 3 | CA PEREDU 4.00 10/01/2043 | 4.000% | 10/01/43 | -4.33% | 96.00 | 100.34 | 2 |
| 4 | OR ORSHGR 1.79 06/30/2030 | 1.793% | 06/30/30 | -3.53% | 82.00 | 85.00 | 18 |
| 5 | PA ALLHGR 5.00 03/01/2034 | 5.000% | 03/01/34 | -3.15% | 109.28 | 112.83 | 3 |
| 6 | TX GPTTRN 3.22 10/01/2049 | 3.216% | 10/01/49 | -2.78% | 75.86 | 78.03 | 6 |
| 7 | CA ORAWTR 5.00 08/15/2034 | 5.000% | 08/15/34 | -2.40% | 111.71 | 114.46 | 2 |
| 8 | PR PRC 0.00 11/01/2051 | 0.000% | 11/01/51 | -2.02% | 34.58 | 35.29 | 6 |
| 9 | TX BEA 3.00 03/01/2038 | 3.000% | 03/01/38 | -1.27% | 90.25 | 91.42 | 2 |
| 10 | IL ILSMEC 5.00 10/01/2031 | 5.000% | 10/01/31 | -1.13% | 106.01 | 107.22 | 2 |
Top 10 State Performers
Showcases the top 10 Muni State performers based on yield movements between 1/27/23-2/3/23
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | NM | -32 bps | 2.75% | 3.08% |
| 2 | ND | -24 bps | 2.93% | 3.17% |
| 3 | OK | -23 bps | 2.85% | 3.08% |
| 4 | OR | -21 bps | 3.24% | 3.45% |
| 5 | AZ | -19 bps | 2.76% | 2.96% |
| 6 | IL | -19 bps | 3.38% | 3.56% |
| 7 | IA | -19 bps | 3.10% | 3.28% |
| 8 | NY | -18 bps | 3.14% | 3.33% |
| 9 | UT | -18 bps | 2.80% | 2.99% |
| 10 | MO | -18 bps | 3.10% | 3.28% |
Bottom 10 State Performers
Showcases the bottom 10 Muni State performers based on yield movements between 1/27/23-2/3/23
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | NV | 12 bps | 3.08% | 2.97% |
| 2 | DC | 10 bps | 3.59% | 3.49% |
| 3 | MN | 9 bps | 3.37% | 3.29% |
| 4 | NC | 9 bps | 3.03% | 2.94% |
| 5 | KS | 8 bps | 3.16% | 3.08% |
| 6 | MS | 6 bps | 3.16% | 3.09% |
| 7 | CT | 6 bps | 3.26% | 3.20% |
| 8 | OH | 5 bps | 3.33% | 3.27% |
| 9 | HI | 5 bps | 3.67% | 3.62% |
| 10 | CO | 3 bps | 3.52% | 3.49% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 1/27/23-2/3/23 (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 1/27/23-2/3/23 (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 1/27/23-2/3/23 (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 1/27/23-2/3/23
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 1/27/23 vs. the week ending 2/3/23
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | WI WIS 4.00 05/01/2039 | 4.00% | 05/01/39 | 16 | 94 | 78 | 488% |
| 2 | NV NVSTRN 4.00 12/01/2032 | 4.00% | 12/01/32 | 12 | 78 | 66 | 550% |
| 3 | FL FLSDEV 5.00 09/15/2040 | 5.00% | 09/15/40 | 12 | 75 | 63 | 525% |
| 4 | WA KINUTL 5.00 01/01/2047 | 5.00% | 01/01/47 | 15 | 72 | 57 | 380% |
| 5 | SC USCEDU 4.00 05/01/2051 | 4.00% | 05/01/51 | 20 | 76 | 56 | 280% |
| 6 | NY NYSFAC 3.00 03/15/2049 | 3.00% | 03/15/49 | 31 | 85 | 54 | 174% |
| 7 | FL POKEDU 5.00 01/01/2025 | 5.00% | 01/01/25 | 10 | 63 | 53 | 530% |
| 8 | NY NYCUTL 3.00 06/15/2044 | 3.00% | 06/15/44 | 33 | 82 | 49 | 148% |
| 9 | FL SOUMED 3.00 05/01/2051 | 3.00% | 05/01/51 | 8 | 57 | 49 | 613% |
| 10 | VA HRDTRN 5.00 07/01/2042 | 5.00% | 07/01/42 | 76 | 124 | 48 | 63% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 1/27/23 – 2/3/23
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | NY NYSTRN 5.00 03/15/2053 | 5.00% | 03/15/53 | 38 |
| 2 | NY PORTRN 5.00 01/15/2052 | 5.00% | 01/15/52 | 32 |
| 3 | FL MDCTRN 5.00 10/01/2047 | 5.00% | 10/01/47 | 31 |
| 4 | FL MIATRN 5.00 07/01/2052 | 5.00% | 07/01/52 | 31 |
| 5 | NY NYCGEN 4.00 08/01/2045 | 4.00% | 08/01/45 | 30 |
| 6 | UT UNIHGR 4.00 08/01/2051 | 4.00% | 08/01/51 | 30 |
| 7 | CA LOSUTL 5.00 07/01/2052 | 5.00% | 07/01/52 | 30 |
| 8 | VA HRDTRN 5.00 07/01/2042 | 5.00% | 07/01/42 | 30 |
| 9 | FL MDCTRN 5.00 10/01/2032 | 5.00% | 10/01/32 | 29 |
| 10 | OK OKSWTR 5.00 04/01/2051 | 5.00% | 04/01/51 | 29 |
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