Municipals
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Municipal Bond Market Summary:
Week Ending 3/31/23
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 3/24/23-3/31/23
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W | DEALERS |
| 1 | CA FOOHGR 3.22 08/01/2038 | 3.223% | 08/01/38 | 6.09% | 86.74 | 81.77 | 3 |
| 2 | ME MESGEN 8.00 12/01/2051 | 8.000% | 12/01/51 | 5.89% | 63.53 | 60.00 | 5 |
| 3 | IL ILS 4.00 06/01/2041 | 4.000% | 06/01/41 | 5.74% | 97.61 | 92.31 | 2 |
| 4 | OH MDN 2.50 12/01/2051 | 2.500% | 12/01/51 | 5.43% | 68.19 | 64.67 | 3 |
| 5 | CA WASMED 4.00 07/01/2037 | 4.000% | 07/01/37 | 5.09% | 97.65 | 92.92 | 8 |
| 6 | GA MELPWR 6.66 04/01/2057 | 6.655% | 04/01/57 | 4.75% | 115.04 | 109.82 | 5 |
| 7 | CA MVYSCD 3.00 08/01/2050 | 3.000% | 08/01/50 | 4.63% | 78.60 | 75.13 | 6 |
| 8 | PA CMNGEN 4.01 06/01/2033 | 4.014% | 06/01/33 | 4.23% | 95.89 | 92.00 | 4 |
| 9 | MT KALMED 5.25 05/15/2047 | 5.250% | 05/15/47 | 4.19% | 83.29 | 79.94 | 14 |
| 10 | CO COSMED 4.00 08/01/2049 | 4.000% | 08/01/49 | 3.67% | 90.59 | 87.38 | 19 |
Bottom 10 Performers
Showcases the bottom 10 Muni Bond performers based on price movements between 3/24/23-3/31/23
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W | DEALERS |
| 1 | HI HON 2.65 07/01/2038 | 2.650% | 07/01/38 | -4.83% | 73.82 | 77.56 | 6 |
| 2 | CA OROMED 5.00 04/01/2031 | 5.000% | 04/01/31 | -4.74% | 97.25 | 102.09 | 9 |
| 3 | TX WAC 3.13 02/01/2036 | 3.125% | 02/01/36 | -4.33% | 91.84 | 96.00 | 2 |
| 4 | PA CMNGEN 3.63 06/01/2029 | 3.631% | 06/01/29 | -4.11% | 92.99 | 96.98 | 18 |
| 5 | CA CDAHSG 4.00 08/01/2056 | 4.000% | 08/01/56 | -3.85% | 77.34 | 80.44 | 3 |
| 6 | FL CCRMED 6.00 07/01/2050 | 6.000% | 07/01/50 | -3.54% | 77.16 | 80.00 | 5 |
| 7 | MI MISHSG 2.70 10/01/2056 | 2.700% | 10/01/56 | -3.13% | 63.49 | 65.54 | 4 |
| 8 | WI PUBMEC 4.00 01/01/2045 | 4.000% | 01/01/45 | -2.90% | 92.35 | 95.11 | 3 |
| 9 | WI PUBFIN 5.25 12/01/2039 | 5.250% | 12/01/39 | -2.64% | 87.83 | 90.20 | 3 |
| 10 | AK NRTFAC 4.00 06/01/2050 | 4.000% | 06/01/50 | -2.54% | 88.75 | 91.06 | 3 |
Top 10 State Performers
Showcases the top 10 Muni State performers based on yield movements between 3/24/23-3/31/23
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | NC | -42 bps | 2.97% | 3.39% |
| 2 | RI | -30 bps | 3.03% | 3.32% |
| 3 | OR | -18 bps | 3.52% | 3.70% |
| 4 | UT | -14 bps | 3.05% | 3.19% |
| 5 | TX | -11 bps | 4.21% | 4.32% |
| 6 | WA | -9 bps | 3.42% | 3.51% |
| 7 | DC | -9 bps | 3.60% | 3.69% |
| 8 | IA | -4 bps | 3.24% | 3.28% |
| 9 | NM | -4 bps | 3.09% | 3.13% |
| 10 | ME | -4 bps | 3.28% | 3.32% |
Bottom 10 State Performers
Showcases the bottom 10 Muni State performers based on yield movements between 3/24/23-3/31/23
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | HI | 20 bps | 3.97% | 3.77% |
| 2 | CT | 17 bps | 3.47% | 3.30% |
| 3 | GA | 16 bps | 3.11% | 2.95% |
| 4 | AZ | 15 bps | 3.58% | 3.43% |
| 5 | VA | 12 bps | 3.15% | 3.03% |
| 6 | MO | 11 bps | 3.17% | 3.06% |
| 7 | MS | 11 bps | 3.37% | 3.26% |
| 8 | OH | 10 bps | 3.42% | 3.32% |
| 9 | MA | 10 bps | 3.41% | 3.31% |
| 10 | LA | 8 bps | 3.44% | 3.36% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 3/24/23-3/31/23 (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 3/24/23-3/31/23 (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 3/24/23-3/31/23 (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 3/24/23-3/31/23
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 3/24/23 vs. the week ending 3/31/23
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | NY NYSPWR 4.00 11/15/2061 | 4.00% | 11/15/61 | 35 | 104 | 69 | 197% |
| 2 | OK UNIHSG 4.00 07/01/2045 | 4.00% | 07/01/45 | 12 | 77 | 65 | 542% |
| 3 | NY NYC 4.00 03/01/2047 | 4.00% | 03/01/47 | 35 | 98 | 63 | 180% |
| 4 | NY NYSHGR 5.00 10/01/2050 | 5.00% | 10/01/50 | 5 | 62 | 57 | 1140% |
| 5 | CO PARUTL 4.00 11/01/2052 | 4.00% | 11/01/52 | 7 | 58 | 51 | 729% |
| 6 | CA ALASCD 0.00 08/01/2034 | 0.00% | 08/01/34 | 1 | 52 | 51 | 5100% |
| 7 | IN PURHGR 5.18 07/01/2030 | 5.18% | 07/01/30 | 24 | 72 | 48 | 200% |
| 8 | AZ AZSEDU 5.25 07/01/2037 | 5.25% | 07/01/37 | 18 | 65 | 47 | 261% |
| 9 | AZ AZSEDU 5.00 07/01/2049 | 5.00% | 07/01/49 | 18 | 65 | 47 | 261% |
| 10 | AZ AZSEDU 5.50 07/01/2052 | 5.50% | 07/01/52 | 18 | 65 | 47 | 261% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 3/24/23 – 3/31/23
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | NJ NJSTRN 4.00 06/15/2050 | 4.00% | 06/15/50 | 43 |
| 2 | NY NYCUTL 4.13 06/15/2047 | 4.13% | 06/15/47 | 37 |
| 3 | NY TRITRN 4.00 05/15/2048 | 4.00% | 05/15/48 | 36 |
| 4 | CO DENAPT 5.00 11/15/2053 | 5.00% | 11/15/53 | 36 |
| 5 | TX PSPSCD 4.00 02/15/2053 | 4.00% | 02/15/53 | 35 |
| 6 | NY NYSFAC 3.00 03/15/2049 | 3.00% | 03/15/49 | 35 |
| 7 | NY NYCUTL 4.13 06/15/2046 | 4.13% | 06/15/46 | 34 |
| 8 | NY TRITRN 4.50 05/15/2063 | 4.50% | 05/15/63 | 34 |
| 9 | MI WAYSCD 4.50 11/01/2046 | 4.50% | 11/01/46 | 34 |
| 10 | NV LAS 4.00 03/01/2053 | 4.00% | 03/01/53 | 33 |
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