Municipals
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Municipal Bond Market Summary:
Week Ending 3/17/23
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 3/10/23-3/17/23
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W | DEALERS |
| 1 | WA WASMED 4.00 08/15/2042 | 4.000% | 08/15/42 | 6.79% | 94.44 | 88.44 | 21 |
| 2 | CA IWEFAC 2.50 04/01/2037 | 2.500% | 04/01/37 | 6.78% | 83.38 | 78.09 | 2 |
| 3 | ND BASPWR 6.13 06/01/2041 | 6.127% | 06/01/41 | 6.58% | 111.70 | 104.80 | 6 |
| 4 | CA CASGEN 4.00 08/01/2047 | 4.000% | 08/01/47 | 5.68% | 98.66 | 93.36 | 2 |
| 5 | CA SCR 3.43 08/01/2037 | 3.430% | 08/01/37 | 5.38% | 89.90 | 85.31 | 3 |
| 6 | TX MESSCD 2.62 08/15/2041 | 2.618% | 08/15/41 | 5.12% | 73.51 | 69.93 | 6 |
| 7 | WI WISHSG 2.05 11/01/2036 | 2.050% | 11/01/36 | 5.03% | 79.23 | 75.44 | 8 |
| 8 | TX ANNSCD 4.00 02/15/2051 | 4.000% | 02/15/51 | 4.28% | 98.89 | 94.84 | 3 |
| 9 | IL COOSCD 4.75 12/01/2036 | 4.750% | 12/01/36 | 4.08% | 100.61 | 96.67 | 3 |
| 10 | CA SFOPWR 6.00 11/01/2040 | 6.000% | 11/01/40 | 4.01% | 112.43 | 108.09 | 4 |
Bottom 10 Performers
Showcases the bottom 10 Muni Bond performers based on price movements between 3/10/23-3/17/23
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W | DEALERS |
| 1 | MN SGLSCD 3.00 02/01/2035 | 3.000% | 02/01/35 | -4.05% | 93.83 | 97.79 | 4 |
| 2 | TX DVLSCD 3.00 06/15/2036 | 3.000% | 06/15/36 | -3.86% | 90.69 | 94.32 | 3 |
| 3 | TX DALAPT 2.84 11/01/2046 | 2.843% | 11/01/46 | -3.80% | 71.47 | 74.29 | 3 |
| 4 | OH CLETRN 4.00 07/01/2040 | 4.000% | 07/01/40 | -3.50% | 97.60 | 101.14 | 3 |
| 5 | TX HOUAPT 4.00 07/01/2041 | 4.000% | 07/01/41 | -3.43% | 84.02 | 87.01 | 2 |
| 6 | TX GPTTRN 5.18 10/01/2042 | 5.184% | 10/01/42 | -3.33% | 101.91 | 105.41 | 2 |
| 7 | PR PRCGEN 5.00 07/01/2058 | 5.000% | 07/01/58 | -2.80% | 93.94 | 96.64 | 17 |
| 8 | MA SHA 3.00 02/15/2036 | 3.000% | 02/15/36 | -2.64% | 94.53 | 97.09 | 4 |
| 9 | NY MTATRN 5.00 11/15/2043 | 5.000% | 11/15/43 | -2.39% | 100.08 | 102.53 | 3 |
| 10 | FL LEEMED 5.00 04/01/2033 | 5.000% | 04/01/33 | -2.29% | 108.48 | 111.03 | 16 |
Top 10 State Performers
Showcases the top 10 Muni State performers based on yield movements between 3/10/23-3/17/23
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | MS | -24 bps | 3.20% | 3.44% |
| 2 | NM | -21 bps | 3.06% | 3.28% |
| 3 | GA | -19 bps | 3.00% | 3.20% |
| 4 | IN | -19 bps | 3.35% | 3.54% |
| 5 | KS | -13 bps | 3.34% | 3.47% |
| 6 | WA | -12 bps | 3.46% | 3.58% |
| 7 | WV | -11 bps | 3.23% | 3.34% |
| 8 | NE | -11 bps | 3.60% | 3.71% |
| 9 | OH | -10 bps | 3.36% | 3.47% |
| 10 | IL | -7 bps | 3.65% | 3.72% |
Bottom 10 State Performers
Showcases the bottom 10 Muni State performers based on yield movements between 3/10/23-3/17/23
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | HI | 35 bps | 3.89% | 3.54% |
| 2 | KY | 13 bps | 3.64% | 3.51% |
| 3 | CO | 12 bps | 3.67% | 3.55% |
| 4 | NC | 10 bps | 3.41% | 3.31% |
| 5 | AL | 10 bps | 3.58% | 3.48% |
| 6 | UT | 7 bps | 3.27% | 3.20% |
| 7 | MD | 6 bps | 3.20% | 3.14% |
| 8 | AZ | 5 bps | 3.51% | 3.47% |
| 9 | NJ | 4 bps | 3.39% | 3.35% |
| 10 | FL | 3 bps | 3.59% | 3.56% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 3/10/23-3/17/23 (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 3/10/23-3/17/23 (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 3/10/23-3/17/23 (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 3/10/23-3/17/23
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 3/10/23 vs. the week ending 3/17/23
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | IL ORL 3.00 12/01/2042 | 3.000% | 12/01/42 | 2 | 76 | 74 | 3700% |
| 2 | WA WASMED 4.00 08/15/2042 | 4.000% | 08/15/42 | 6 | 79 | 73 | 1217% |
| 3 | TX SEGSCD 4.38 02/15/2048 | 4.375% | 02/15/48 | 57 | 122 | 65 | 114% |
| 4 | TX SEGSCD 4.50 02/15/2053 | 4.500% | 02/15/53 | 66 | 123 | 57 | 86% |
| 5 | NJ NJSTRN 4.00 06/15/2050 | 4.000% | 06/15/50 | 159 | 216 | 57 | 36% |
| 6 | IL ILSGEN 5.00 08/15/2047 | 5.000% | 08/15/47 | 10 | 66 | 56 | 560% |
| 7 | TX TAMHGR 5.00 07/01/2042 | 5.000% | 07/01/42 | 44 | 98 | 54 | 123% |
| 8 | NY NYSFAC 4.00 03/15/2046 | 4.000% | 03/15/46 | 2 | 55 | 53 | 2650% |
| 9 | WA WAS 5.00 02/01/2048 | 5.000% | 02/01/48 | 36 | 89 | 53 | 147% |
| 10 | TX PSPSCD 4.00 02/15/2053 | 4.000% | 02/15/53 | 119 | 171 | 52 | 44% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 3/10/23 – 3/17/23
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | NJ NJSTRN 4.00 06/15/2050 | 4.000% | 06/15/50 | 43 |
| 2 | CO DENAPT 5.00 11/15/2053 | 5.000% | 11/15/53 | 39 |
| 3 | NY NYSFAC 3.00 03/15/2049 | 3.000% | 03/15/49 | 37 |
| 4 | TX PSPSCD 4.00 02/15/2053 | 4.000% | 02/15/53 | 35 |
| 5 | NY NYCUTL 4.00 06/15/2051 | 4.000% | 06/15/51 | 34 |
| 6 | CA SFOUTL 5.00 10/01/2044 | 5.000% | 10/01/44 | 33 |
| 7 | NV LAS 4.00 03/01/2053 | 4.000% | 03/01/53 | 33 |
| 8 | OH NEOUTL 4.00 11/15/2043 | 4.000% | 11/15/43 | 33 |
| 9 | CT CTSHGR 4.00 07/01/2051 | 4.000% | 07/01/51 | 32 |
| 10 | TX FTWSCD 5.00 02/15/2041 | 5.000% | 02/15/41 | 32 |
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