Municipals
GET OUR MUNICIPAL BOND MARKET SUMMARIES STRAIGHT TO YOUR INBOX. LEARN MORE
Municipal Bond Market Summary:
Week Ending 3/3/23
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 2/24/23-3/3/23
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W | DEALERS |
| 1 | CA FOOTRN 0.00 01/15/2035 | 0.000% | 01/15/35 | 2.56% | 64.31 | 62.71 | 5 |
| 2 | OH AKRCTF 3.63 12/01/2038 | 3.625% | 12/01/38 | 2.33% | 93.82 | 91.68 | 3 |
| 3 | KY KYSFIN 2.63 02/01/2033 | 2.625% | 02/01/33 | 2.09% | 88.58 | 86.77 | 2 |
| 4 | HI HISAPT 3.48 07/01/2050 | 3.484% | 07/01/50 | 1.75% | 74.53 | 73.25 | 5 |
| 5 | NJ HRS 2.75 05/15/2033 | 2.750% | 05/15/33 | 1.52% | 93.46 | 92.06 | 2 |
| 6 | CA LOSAPT 4.00 05/15/2042 | 4.000% | 05/15/42 | 1.48% | 97.18 | 95.76 | 5 |
| 7 | NY NYSHGR 3.00 07/01/2039 | 3.000% | 07/01/39 | 1.47% | 84.51 | 83.28 | 2 |
| 8 | TX MEL 3.00 02/15/2033 | 3.000% | 02/15/33 | 1.46% | 95.20 | 93.84 | 4 |
| 9 | MO LBTGEN 2.13 05/01/2031 | 2.125% | 05/01/31 | 1.35% | 88.53 | 87.35 | 2 |
| 10 | PA MIFSCD 2.70 11/15/2033 | 2.700% | 11/15/33 | 1.31% | 88.67 | 87.52 | 2 |
Bottom 10 Performers
Showcases the bottom 10 Muni Bond performers based on price movements between 2/24/23-3/3/23
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W | DEALERS |
| 1 | WV MARHGR 3.00 05/01/2046 | 3.000% | 05/01/46 | -8.55% | 76.34 | 83.47 | 12 |
| 2 | WI WISMED 4.00 08/15/2048 | 4.000% | 08/15/48 | -8.26% | 88.21 | 96.15 | 2 |
| 3 | CA ELKEDU 3.13 02/01/2040 | 3.125% | 02/01/40 | -7.70% | 81.99 | 88.83 | 3 |
| 4 | CA FOOHGR 3.22 08/01/2038 | 3.223% | 08/01/38 | -7.10% | 81.78 | 88.03 | 7 |
| 5 | LA LASSFH 1.85 12/01/2031 | 1.850% | 12/01/31 | -6.00% | 82.11 | 87.36 | 2 |
| 6 | NY NYSHGR 4.00 07/01/2049 | 4.000% | 07/01/49 | -5.73% | 93.34 | 99.02 | 9 |
| 7 | PA GEIMED 4.00 06/01/2041 | 4.000% | 06/01/41 | -5.56% | 93.23 | 98.72 | 9 |
| 8 | TX DALHGR 5.00 02/15/2031 | 5.000% | 02/15/31 | -5.53% | 115.17 | 121.91 | 2 |
| 9 | IL WLMSCD 4.00 01/01/2046 | 4.000% | 01/01/46 | -5.23% | 94.77 | 100.00 | 3 |
| 10 | TX TXSSFH 1.80 03/01/2033 | 1.800% | 03/01/33 | -5.16% | 81.53 | 85.97 | 2 |
Top 10 State Performers
Showcases the top 10 Muni State performers based on yield movements between 2/24/23-3/3/23
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | GA | -33 bps | 3.43% | 3.76% |
| 2 | MS | -22 bps | 3.38% | 3.59% |
| 3 | IL | -11 bps | 3.84% | 3.95% |
| 4 | OH | -10 bps | 3.56% | 3.66% |
| 5 | AL | -7 bps | 3.61% | 3.68% |
| 6 | VA | -7 bps | 3.41% | 3.48% |
| 7 | TN | -5 bps | 3.49% | 3.54% |
| 8 | MI | -3 bps | 3.68% | 3.71% |
| 9 | CA | -3 bps | 3.51% | 3.54% |
| 10 | NM | -2 bps | 3.19% | 3.22% |
Bottom 10 State Performers
Showcases the bottom 10 Muni State performers based on yield movements between 2/24/23-3/3/23
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | KY | 26 bps | 3.63% | 3.37% |
| 2 | AZ | 26 bps | 3.69% | 3.43% |
| 3 | DE | 25 bps | 3.04% | 2.79% |
| 4 | AR | 22 bps | 3.67% | 3.45% |
| 5 | NC | 16 bps | 3.36% | 3.20% |
| 6 | WI | 13 bps | 3.68% | 3.55% |
| 7 | NV | 13 bps | 3.45% | 3.32% |
| 8 | MN | 11 bps | 3.39% | 3.28% |
| 9 | DC | 10 bps | 3.86% | 3.76% |
| 10 | CO | 10 bps | 3.60% | 3.50% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 2/24/23-3/3/23 (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 2/24/23-3/3/23 (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 2/24/23-3/3/23 (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 2/24/23-3/3/23
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 2/24/23 vs. the week ending 3/3/23
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | CO DENSCD 5.00 12/01/2041 | 5.000% | 12/01/41 | 7 | 130 | 123 | 1757% |
| 2 | IL ILSTRN 5.00 01/01/2041 | 5.000% | 01/01/41 | 5 | 105 | 100 | 2000% |
| 3 | MA MASTRN 5.00 06/01/2042 | 5.000% | 06/01/42 | 26 | 123 | 97 | 373% |
| 4 | PA PEAGEN 5.50 06/30/2043 | 5.500% | 06/30/43 | 36 | 126 | 90 | 250% |
| 5 | TX SDSSCD 5.00 02/15/2043 | 5.000% | 02/15/43 | 69 | 155 | 86 | 125% |
| 6 | CA SFOUTL 5.00 10/01/2044 | 5.000% | 10/01/44 | 53 | 136 | 83 | 157% |
| 7 | NY NYSDEV 3.00 03/15/2050 | 3.000% | 03/15/50 | 54 | 137 | 83 | 154% |
| 8 | NY TRBTRN 5.00 11/15/2056 | 5.000% | 11/15/56 | 33 | 116 | 83 | 252% |
| 9 | TX NRTTRN 3.00 01/01/2051 | 3.000% | 01/01/51 | 13 | 96 | 83 | 638% |
| 10 | UT INTPWR 5.00 07/01/2042 | 5.000% | 07/01/42 | 32 | 114 | 82 | 256% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 2/24/23 – 3/3/23
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | NY NYSFAC 3.00 03/15/2049 | 3.000% | 03/15/49 | 37 |
| 2 | NY NYCUTL 4.00 06/15/2051 | 4.000% | 06/15/51 | 37 |
| 3 | PA PASSFH 4.50 10/01/2040 | 4.500% | 10/01/40 | 34 |
| 4 | FL MDCTRN 5.00 10/01/2047 | 5.000% | 10/01/47 | 33 |
| 5 | TX DALSCD 5.00 02/15/2048 | 5.000% | 02/15/48 | 33 |
| 6 | NY NYSDEV 3.00 03/15/2050 | 3.000% | 03/15/50 | 32 |
| 7 | NY NYSTRN 5.00 03/15/2053 | 5.000% | 03/15/53 | 32 |
| 8 | CA SFOUTL 5.00 10/01/2044 | 5.000% | 10/01/44 | 31 |
| 9 | TX SDSSCD 5.00 02/15/2043 | 5.000% | 02/15/43 | 31 |
| 10 | TX TXSWTR 4.00 10/15/2051 | 4.000% | 10/15/51 | 31 |
Stay up-to-date with weekly summaries.
