Municipals
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Municipal Bond Market Summary:
Week Ending 2/10/23
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 2/3/23-2/10/23
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W | DEALERS |
| 1 | CA MODWTR 1.25 09/01/2037 | 1.253% | 09/01/37 | 4.96% | 94.46 | 90.00 | 2 |
| 2 | CA LOSAPT 5.00 05/15/2037 | 5.000% | 05/15/37 | 3.98% | 117.18 | 112.70 | 7 |
| 3 | CA CDAHSG 3.00 09/01/2056 | 3.000% | 09/01/56 | 3.67% | 72.70 | 70.12 | 3 |
| 4 | GA METTRN 3.00 07/01/2039 | 3.000% | 07/01/39 | 3.46% | 91.03 | 87.99 | 3 |
| 5 | NY NYCGEN 3.00 02/01/2039 | 3.000% | 02/01/39 | 3.02% | 91.41 | 88.73 | 3 |
| 6 | TX AUSFAC 2.86 11/15/2042 | 2.858% | 11/15/42 | 2.62% | 76.42 | 74.47 | 3 |
| 7 | PA PASTRN 5.00 12/01/2030 | 5.000% | 12/01/30 | 2.50% | 119.18 | 116.27 | 3 |
| 8 | CA CBTHGR 1.69 08/01/2029 | 1.690% | 08/01/29 | 2.23% | 84.33 | 82.49 | 3 |
| 9 | MA MAS 5.00 10/01/2036 | 5.000% | 10/01/36 | 2.16% | 118.47 | 115.96 | 10 |
| 10 | CA SAASCD 4.00 08/01/2032 | 4.000% | 08/01/32 | 2.09% | 106.97 | 104.78 | 2 |
Bottom 10 Performers
Showcases the bottom 10 Muni Bond performers based on price movements between 2/3/23-2/10/23
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W | DEALERS |
| 1 | NJ NJSMED 3.00 07/01/2051 | 3.000% | 07/01/51 | -6.23% | 75.51 | 80.52 | 7 |
| 2 | CA PITSCD 3.50 08/01/2046 | 3.500% | 08/01/46 | -5.68% | 89.38 | 94.76 | 3 |
| 3 | PR PRCPWR 5.75 07/01/2036 | 5.750% | 07/01/36 | -5.59% | 66.50 | 70.44 | 2 |
| 4 | CA SFOPWR 6.00 11/01/2040 | 6.000% | 11/01/40 | -3.91% | 108.09 | 112.49 | 5 |
| 5 | TX KLNSCD 3.25 02/01/2039 | 3.250% | 02/01/39 | -3.83% | 93.18 | 96.89 | 2 |
| 6 | GA GASHSG 3.35 12/01/2041 | 3.350% | 12/01/41 | -3.74% | 89.83 | 93.31 | 2 |
| 7 | MO MOSMED 4.00 10/01/2048 | 4.000% | 10/01/48 | -3.72% | 97.97 | 101.76 | 3 |
| 8 | IL ILSHSG 2.23 10/01/2031 | 2.228% | 10/01/31 | -3.67% | 82.65 | 85.80 | 3 |
| 9 | TX HARGEN 3.38 09/01/2041 | 3.375% | 09/01/41 | -3.65% | 90.25 | 93.66 | 2 |
| 10 | TX TAMHGR 3.10 07/01/2049 | 3.100% | 07/01/49 | -3.61% | 77.43 | 80.33 | 4 |
Top 10 State Performers
Showcases the top 10 Muni State performers based on yield movements between 2/3/23-2/10/23
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | MN | -32 bps | 3.05% | 3.37% |
| 2 | CO | -15 bps | 3.37% | 3.52% |
| 3 | DC | -14 bps | 3.48% | 3.61% |
| 4 | HI | -6 bps | 3.60% | 3.66% |
| 5 | MA | -5 bps | 3.12% | 3.17% |
| 6 | NJ | -2 bps | 3.28% | 3.30% |
| 7 | NC | 1 bps | 3.03% | 3.02% |
| 8 | KS | 1 bps | 3.17% | 3.16% |
| 9 | UT | 2 bps | 2.82% | 2.80% |
| 10 | NY | 3 bps | 3.17% | 3.14% |
Bottom 10 State Performers
Showcases the bottom 10 Muni State performers based on yield movements between 2/3/23-2/10/23
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | VA | 48 bps | 3.24% | 2.76% |
| 2 | GA | 47 bps | 3.65% | 3.18% |
| 3 | IL | 31 bps | 3.69% | 3.38% |
| 4 | AZ | 30 bps | 3.06% | 2.76% |
| 5 | ME | 26 bps | 3.44% | 3.18% |
| 6 | NM | 25 bps | 3.00% | 2.74% |
| 7 | MD | 23 bps | 3.00% | 2.77% |
| 8 | MO | 22 bps | 3.32% | 3.10% |
| 9 | FL | 21 bps | 3.54% | 3.33% |
| 10 | WV | 20 bps | 3.26% | 3.07% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 2/3/23-2/10/23 (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 2/3/23-2/10/23 (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 2/3/23-2/10/23 (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 2/3/23-2/10/23
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 2/3/23 vs. the week ending 2/10/23
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | OR BNNSCD 5.00 06/15/2035 | 5.00% | 06/15/35 | 13 | 88 | 75 | 577% |
| 2 | HI HONUTL 2.57 07/01/2041 | 2.57% | 07/01/41 | 6 | 69 | 63 | 1050% |
| 3 | TX BEX 4.00 06/15/2037 | 4.00% | 06/15/37 | 13 | 72 | 59 | 454% |
| 4 | WA WAS 4.00 02/01/2036 | 4.00% | 02/01/36 | 16 | 75 | 59 | 369% |
| 5 | CO COSCTF 6.00 12/15/2039 | 6.00% | 12/15/39 | 10 | 69 | 59 | 590% |
| 6 | CA CAS 4.00 09/01/2032 | 4.00% | 09/01/32 | 22 | 80 | 58 | 264% |
| 7 | TX BIRSCD 4.00 02/15/2048 | 4.00% | 02/15/48 | 21 | 77 | 56 | 267% |
| 8 | PA PEAGEN 5.25 06/30/2036 | 5.25% | 06/30/36 | 10 | 66 | 56 | 560% |
| 9 | MD MDSTRN 3.00 10/01/2035 | 3.00% | 10/01/35 | 50 | 105 | 55 | 110% |
| 10 | CT CTSHGR 4.00 07/01/2051 | 4.00% | 07/01/51 | 49 | 104 | 55 | 112% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 2/3/23 – 2/10/23
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | NY NYSTRN 5.00 03/15/2053 | 5.00% | 03/15/53 | 38 |
| 2 | FL MDCTRN 5.00 10/01/2047 | 5.00% | 10/01/47 | 33 |
| 3 | TX DALSCD 5.00 02/15/2048 | 5.00% | 02/15/48 | 33 |
| 4 | NY NYCGEN 4.00 08/01/2045 | 4.00% | 08/01/45 | 32 |
| 5 | TX TXSWTR 4.00 10/15/2051 | 4.00% | 10/15/51 | 31 |
| 6 | FL MIATRN 5.00 07/01/2052 | 5.00% | 07/01/52 | 31 |
| 7 | NY TRBTRN 5.00 11/15/2051 | 5.00% | 11/15/51 | 30 |
| 8 | PA PASTRN 4.00 12/01/2051 | 4.00% | 12/01/51 | 30 |
| 9 | PR PRCGEN 4.78 07/01/2058 | 4.78% | 07/01/58 | 30 |
| 10 | DC METAPT 4.00 10/01/2052 | 4.00% | 10/01/52 | 30 |
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