Municipals
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Municipal Bond Market Summary:
Week Ending 2/17/23
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 2/10/23-2/17/23
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W | DEALERS |
| 1 | NJ NJSDEV 4.00 06/15/2037 | 4.000% | 06/15/37 | 3.89% | 104.92 | 100.99 | 4 |
| 2 | NJ NJSTRN 0.00 12/15/2029 | 0.000% | 12/15/29 | 3.47% | 79.94 | 77.26 | 2 |
| 3 | VA VACHGR 1.87 02/01/2031 | 1.865% | 02/01/31 | 1.90% | 82.58 | 81.04 | 4 |
| 4 | IL ILS 6.63 02/01/2035 | 6.630% | 02/01/35 | 1.34% | 105.28 | 103.89 | 3 |
| 5 | TX TAREDU 2.08 09/01/2028 | 2.081% | 09/01/28 | 1.25% | 86.84 | 85.77 | 5 |
| 6 | NY NYCGEN 5.00 08/01/2039 | 5.000% | 08/01/39 | 0.94% | 102.60 | 101.65 | 2 |
| 7 | WA WASFAC 4.00 07/01/2031 | 4.000% | 07/01/31 | 0.82% | 94.77 | 94.00 | 6 |
| 8 | TX LTE 5.00 08/01/2027 | 5.000% | 08/01/27 | 0.77% | 110.75 | 109.91 | 2 |
| 9 | NV NVS 5.00 05/01/2029 | 5.000% | 05/01/29 | 0.71% | 115.92 | 115.10 | 4 |
| 10 | WI WISMED 4.00 12/15/2049 | 4.000% | 12/15/49 | 0.69% | 96.01 | 95.36 | 7 |
Bottom 10 Performers
Showcases the bottom 10 Muni Bond performers based on price movements between 2/10/23-2/17/23
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W | DEALERS |
| 1 | UT UTSMED 3.00 05/15/2050 | 3.000% | 05/15/50 | -7.82% | 76.35 | 82.83 | 12 |
| 2 | OH FRAFAC 5.00 12/01/2051 | 5.000% | 12/01/51 | -7.62% | 93.97 | 101.72 | 4 |
| 3 | CA CASMED 3.00 08/15/2051 | 3.000% | 08/15/51 | -7.32% | 75.53 | 81.50 | 19 |
| 4 | FL PALMED 5.00 05/15/2036 | 5.000% | 05/15/36 | -6.28% | 84.83 | 90.51 | 4 |
| 5 | TX UNIHGR 3.85 08/15/2046 | 3.852% | 08/15/46 | -5.56% | 87.24 | 92.38 | 7 |
| 6 | FL PALMED 5.00 05/15/2047 | 5.000% | 05/15/47 | -5.47% | 79.94 | 84.56 | 2 |
| 7 | PA PASMED 4.00 11/15/2042 | 4.000% | 11/15/42 | -5.06% | 94.93 | 100.00 | 2 |
| 8 | AZ VVLFAC 3.02 06/01/2037 | 3.024% | 06/01/37 | -4.68% | 75.72 | 79.44 | 5 |
| 9 | ME MESMED 4.00 07/01/2050 | 4.000% | 07/01/50 | -4.54% | 94.44 | 98.93 | 3 |
| 10 | TX LARUTL 3.00 03/01/2039 | 3.000% | 03/01/39 | -4.46% | 84.65 | 88.61 | 2 |
Top 10 State Performers
Showcases the top 10 Muni State performers based on yield movements between 2/10/23-2/17/23
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | MD | -16 bps | 2.85% | 3.01% |
| 2 | GA | -8 bps | 3.57% | 3.64% |
| 3 | FL | -6 bps | 3.56% | 3.63% |
| 4 | CO | -3 bps | 3.34% | 3.37% |
| 5 | NE | -3 bps | 3.39% | 3.42% |
| 6 | NV | 2 bps | 3.29% | 3.27% |
| 7 | MO | 5 bps | 3.37% | 3.31% |
| 8 | IL | 7 bps | 3.76% | 3.70% |
| 9 | KY | 8 bps | 3.26% | 3.17% |
| 10 | WI | 11 bps | 3.40% | 3.28% |
Bottom 10 State Performers
Showcases the bottom 10 Muni State performers based on yield movements between 2/10/23-2/17/23
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | MS | 40 bps | 3.68% | 3.27% |
| 2 | OK | 38 bps | 3.30% | 2.91% |
| 3 | UT | 37 bps | 3.19% | 2.82% |
| 4 | NC | 34 bps | 3.37% | 3.03% |
| 5 | MA | 29 bps | 3.41% | 3.12% |
| 6 | VA | 29 bps | 3.53% | 3.24% |
| 7 | IN | 28 bps | 3.51% | 3.22% |
| 8 | CT | 28 bps | 3.68% | 3.40% |
| 9 | OH | 24 bps | 3.68% | 3.44% |
| 10 | PA | 22 bps | 3.57% | 3.35% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 2/10/23-2/17/23 (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 2/10/23-2/17/23 (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 2/10/23-2/17/23 (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 2/10/23-2/17/23
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 2/10/23 vs. the week ending 2/17/23
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | FL LEEMED 5.00 04/01/2037 | 5.00% | 04/01/37 | 5 | 77 | 72 | 1440% |
| 2 | TX LTESCD 4.00 08/15/2048 | 4.00% | 08/15/48 | 10 | 82 | 72 | 720% |
| 3 | MO MOSTRN 5.00 05/01/2027 | 5.00% | 05/01/27 | 42 | 109 | 67 | 160% |
| 4 | IL CHITRN 5.00 01/01/2027 | 5.00% | 01/01/27 | 12 | 74 | 62 | 517% |
| 5 | FL LEEMED 5.00 04/01/2033 | 5.00% | 04/01/33 | 10 | 70 | 60 | 600% |
| 6 | NY NYSDEV 5.00 03/15/2026 | 5.00% | 03/15/26 | 39 | 98 | 59 | 151% |
| 7 | NJ NJSMED 5.00 07/01/2031 | 5.00% | 07/01/31 | 3 | 61 | 58 | 1933% |
| 8 | CO COSMED 4.00 08/01/2049 | 4.00% | 08/01/49 | 87 | 144 | 57 | 66% |
| 9 | NC CHAMED 5.00 01/15/2027 | 5.00% | 01/15/27 | 12 | 69 | 57 | 475% |
| 10 | DC DCTTRN 4.00 07/15/2043 | 4.00% | 07/15/43 | 15 | 71 | 56 | 373% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 2/10/23 – 2/17/23
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | NY NYCGEN 4.00 08/01/2045 | 4.00% | 08/01/45 | 33 |
| 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 NYSTRN 5.00 03/15/2053 | 5.00% | 03/15/53 | 32 |
| 5 | PA PASSFH 4.70 10/01/2046 | 4.70% | 10/01/46 | 32 |
| 6 | FL MIATRN 5.00 07/01/2052 | 5.00% | 07/01/52 | 31 |
| 7 | PA PASTRN 4.00 12/01/2051 | 4.00% | 12/01/51 | 30 |
| 8 | VA HRDTRN 5.00 07/01/2042 | 5.00% | 07/01/42 | 30 |
| 9 | NY TRBTRN 5.00 11/15/2051 | 5.00% | 11/15/51 | 30 |
| 10 | MA MAS 5.00 11/01/2052 | 5.00% | 11/01/52 | 29 |
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