Municipals
GET OUR MUNICIPAL BOND MARKET SUMMARIES STRAIGHT TO YOUR INBOX. LEARN MORE
Municipal Bond Market Summary:
Week Ending 3/10/23
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 3/3/23-3/10/23
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W | DEALERS |
| 1 | TX TXSWTR 4.00 10/15/2051 | 4.000% | 10/15/51 | 5.92% | 99.84 | 94.25 | 19 |
| 2 | TX HMATRN 0.00 12/01/2052 | 0.000% | 12/01/52 | 5.24% | 19.17 | 18.22 | 4 |
| 3 | HI HON 2.88 07/01/2043 | 2.875% | 07/01/43 | 3.89% | 73.73 | 70.97 | 2 |
| 4 | IL CHI 6.26 01/01/2040 | 6.257% | 01/01/40 | 3.79% | 102.61 | 98.86 | 5 |
| 5 | CA IMRHGR 2.97 08/01/2034 | 2.969% | 08/01/34 | 3.69% | 85.81 | 82.76 | 4 |
| 6 | HI HON 2.80 07/01/2041 | 2.800% | 07/01/41 | 3.67% | 74.73 | 72.08 | 2 |
| 7 | IL CHITRN 4.00 12/01/2049 | 4.000% | 12/01/49 | 3.64% | 90.62 | 87.44 | 4 |
| 8 | CT NRW 3.64 08/01/2046 | 3.641% | 08/01/46 | 3.60% | 83.04 | 80.15 | 2 |
| 9 | TN MEMDEV 4.00 04/01/2046 | 4.000% | 04/01/46 | 3.44% | 99.19 | 95.90 | 2 |
| 10 | CA ALA 4.55 08/01/2042 | 4.545% | 08/01/42 | 3.05% | 96.94 | 94.07 | 3 |
Bottom 10 Performers
Showcases the bottom 10 Muni Bond performers based on price movements between 3/3/23-3/10/23
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W | DEALERS |
| 1 | NY NYCDEV 2.88 11/15/2046 | 2.875% | 11/15/46 | -9.66% | 72.64 | 80.40 | 19 |
| 2 | IN INSTRN 5.00 06/01/2028 | 5.000% | 06/01/28 | -9.38% | 99.83 | 110.16 | 3 |
| 3 | UT MILDEV 4.00 06/01/2052 | 4.000% | 06/01/52 | -8.75% | 68.95 | 75.56 | 2 |
| 4 | NC NCSMED 5.00 10/01/2050 | 5.000% | 10/01/50 | -8.43% | 94.52 | 103.22 | 6 |
| 5 | MD MDSDEV 1.95 03/01/2027 | 1.950% | 03/01/27 | -7.99% | 87.42 | 95.01 | 2 |
| 6 | CA CAS 4.00 03/01/2050 | 4.000% | 03/01/50 | -5.80% | 95.70 | 101.59 | 3 |
| 7 | CA CASMED 5.00 11/15/2028 | 5.000% | 11/15/28 | -5.75% | 100.78 | 106.93 | 2 |
| 8 | GA MELPWR 4.00 01/01/2049 | 4.000% | 01/01/49 | -5.29% | 88.24 | 93.17 | 8 |
| 9 | OK TULAPT 3.50 06/01/2027 | 3.500% | 06/01/27 | -4.91% | 89.21 | 93.81 | 5 |
| 10 | SD SDSMED 4.00 09/01/2050 | 4.000% | 09/01/50 | -4.31% | 92.10 | 96.25 | 6 |
Top 10 State Performers
Showcases the top 10 Muni State performers based on yield movements between 3/3/23-3/10/23
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | HI | -45 bps | 3.50% | 3.95% |
| 2 | NJ | -26 bps | 3.35% | 3.61% |
| 3 | MO | -26 bps | 3.31% | 3.57% |
| 4 | CT | -26 bps | 3.50% | 3.75% |
| 5 | GA | -24 bps | 3.19% | 3.43% |
| 6 | PA | -21 bps | 3.53% | 3.74% |
| 7 | AZ | -20 bps | 3.47% | 3.67% |
| 8 | NV | -20 bps | 3.26% | 3.45% |
| 9 | MS | -17 bps | 3.42% | 3.59% |
| 10 | WI | -17 bps | 3.51% | 3.68% |
Bottom 10 State Performers
Showcases the bottom 10 Muni State performers based on yield movements between 3/3/23-3/10/23
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | NE | 11 bps | 3.70% | 3.59% |
| 2 | NM | 4 bps | 3.24% | 3.20% |
| 3 | KS | 1 bps | 3.47% | 3.46% |
| 4 | IN | -1 bps | 3.52% | 3.54% |
| 5 | VA | -3 bps | 3.39% | 3.42% |
| 6 | WA | -4 bps | 3.57% | 3.61% |
| 7 | NC | -7 bps | 3.29% | 3.37% |
| 8 | SC | -8 bps | 3.41% | 3.49% |
| 9 | FL | -8 bps | 3.55% | 3.63% |
| 10 | MI | -8 bps | 3.60% | 3.68% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 3/3/23-3/10/23 (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 3/3/23-3/10/23 (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 3/3/23-3/10/23 (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 3/3/23-3/10/23
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 3/3/23 vs. the week ending 3/10/23
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | OH NEOUTL 4.00 11/15/2043 | 4.000% | 11/15/43 | 40 | 129 | 89 | 223% |
| 2 | TX BARSCD 5.00 02/15/2034 | 5.000% | 02/15/34 | 2 | 87 | 85 | 4250% |
| 3 | NJ NJSTRN 4.00 06/15/2050 | 4.000% | 06/15/50 | 77 | 159 | 82 | 106% |
| 4 | CA SFOSCD 4.00 06/15/2031 | 4.000% | 06/15/31 | 5 | 83 | 78 | 1560% |
| 5 | SC SCSMED 5.00 05/01/2048 | 5.000% | 05/01/48 | 20 | 94 | 74 | 370% |
| 6 | TN MEMAPT 5.00 07/01/2049 | 5.000% | 07/01/49 | 6 | 80 | 74 | 1233% |
| 7 | NY NYSDEV 4.00 03/15/2038 | 4.000% | 03/15/38 | 15 | 85 | 70 | 467% |
| 8 | NY NYCGEN 4.00 02/01/2038 | 4.000% | 02/01/38 | 6 | 75 | 69 | 1150% |
| 9 | AZ MESUTL 5.00 07/01/2034 | 5.000% | 07/01/34 | 1 | 68 | 67 | 6700% |
| 10 | WA CLASCD 5.00 12/01/2031 | 5.000% | 12/01/31 | 1 | 67 | 66 | 6600% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 3/3/23 – 3/10/23
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | NJ NJSTRN 4.00 06/15/2050 | 4.000% | 06/15/50 | 40 |
| 2 | NY NYSFAC 3.00 03/15/2049 | 3.000% | 03/15/49 | 39 |
| 3 | CO DENAPT 5.00 11/15/2053 | 5.000% | 11/15/53 | 39 |
| 4 | NY NYCUTL 4.00 06/15/2051 | 4.000% | 06/15/51 | 37 |
| 5 | CA SFOUTL 5.00 10/01/2044 | 5.000% | 10/01/44 | 33 |
| 6 | NV LAS 4.00 03/01/2053 | 4.000% | 03/01/53 | 33 |
| 7 | NY NYSTRN 5.00 03/15/2053 | 5.000% | 03/15/53 | 32 |
| 8 | NY PORTRN 4.00 07/15/2060 | 4.000% | 07/15/60 | 31 |
| 9 | TX TXSWTR 4.00 10/15/2051 | 4.000% | 10/15/51 | 31 |
| 10 | OH NEOUTL 4.00 11/15/2043 | 4.000% | 11/15/43 | 31 |
Stay up-to-date with weekly summaries.
