Municipals
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Municipal Bond Market Summary:
Week Ending 4/6/23
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 3/31/23-4/6/23
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W | DEALERS |
| 1 | PR PRCGEN 0.00 07/01/2051 | 0.000% | 07/01/51 | 7.24% | 21.02 | 19.60 | 12 |
| 2 | CT CARAPT 4.28 07/01/2045 | 4.282% | 07/01/45 | 7.10% | 82.98 | 77.48 | 7 |
| 3 | SC SPAMED 3.55 04/15/2050 | 3.553% | 04/15/50 | 6.25% | 75.66 | 71.20 | 6 |
| 4 | TX GPTTRN 3.24 10/01/2052 | 3.236% | 10/01/52 | 6.25% | 77.40 | 72.85 | 7 |
| 5 | CA BAYTRN 3.28 04/01/2050 | 3.276% | 04/01/50 | 6.23% | 79.37 | 74.72 | 6 |
| 6 | KS KSSDEV 4.93 04/15/2045 | 4.927% | 04/15/45 | 5.16% | 101.73 | 96.74 | 5 |
| 7 | TN MEM 6.04 07/01/2034 | 6.042% | 07/01/34 | 5.02% | 115.93 | 110.39 | 5 |
| 8 | CA UNVHGR 4.56 05/15/2053 | 4.563% | 05/15/53 | 4.97% | 96.81 | 92.23 | 5 |
| 9 | TX UNIHGR 3.85 08/15/2046 | 3.852% | 08/15/46 | 4.82% | 94.22 | 89.89 | 6 |
| 10 | OH BUCGEN 5.00 06/01/2055 | 5.000% | 06/01/55 | 4.67% | 94.53 | 90.31 | 9 |
Bottom 10 Performers
Showcases the bottom 10 Muni Bond performers based on price movements between 3/31/23-4/6/23
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W | DEALERS |
| 1 | IN HCKFAC 3.13 07/15/2035 | 3.125% | 07/15/35 | -1.26% | 93.17 | 94.36 | 3 |
| 2 | ND UND 3.00 05/01/2032 | 3.000% | 05/01/32 | -1.07% | 90.75 | 91.73 | 2 |
| 3 | MO MOSPWR 6.89 01/01/2042 | 6.890% | 01/01/42 | -0.91% | 119.90 | 120.99 | 5 |
| 4 | MN PLYCTF 6.00 02/01/2029 | 6.000% | 02/01/29 | -0.70% | 107.27 | 108.02 | 5 |
| 5 | IN PLADEV 2.00 02/01/2028 | 2.000% | 02/01/28 | -0.53% | 88.20 | 88.66 | 2 |
| 6 | SC YORSCD 1.00 03/01/2026 | 1.000% | 03/01/26 | -0.49% | 90.88 | 91.32 | 2 |
| 7 | MO SPRUTL 3.25 08/01/2027 | 3.250% | 08/01/27 | -0.44% | 100.06 | 100.51 | 3 |
| 8 | FL FLSGEN 2.50 10/01/2027 | 2.500% | 10/01/27 | -0.41% | 96.90 | 97.30 | 2 |
| 9 | WI WISMFH 2.25 06/01/2025 | 2.250% | 06/01/25 | -0.40% | 98.05 | 98.44 | 2 |
| 10 | SC HORGEN 4.50 09/01/2052 | 4.500% | 09/01/52 | -0.39% | 103.47 | 103.88 | 3 |
Top 10 State Performers
Showcases the top 10 Muni State performers based on yield movements between 3/31/23-4/6/23
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | NE | -53 bps | 2.92% | 3.45% |
| 2 | UT | -51 bps | 2.54% | 3.05% |
| 3 | NC | -50 bps | 2.47% | 2.97% |
| 4 | GA | -49 bps | 2.61% | 3.11% |
| 5 | IA | -40 bps | 2.84% | 3.24% |
| 6 | CT | -32 bps | 3.16% | 3.47% |
| 7 | MD | -30 bps | 2.72% | 3.02% |
| 8 | TN | -27 bps | 3.00% | 3.27% |
| 9 | OR | -23 bps | 3.29% | 3.52% |
| 10 | NY | -19 bps | 3.12% | 3.31% |
Bottom 10 State Performers
Showcases the bottom 10 Muni State performers based on yield movements between 3/31/23-4/6/23
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | NV | 18 bps | 3.35% | 3.17% |
| 2 | WA | 9 bps | 3.50% | 3.41% |
| 3 | AL | 6 bps | 3.81% | 3.75% |
| 4 | LA | 0 bps | 3.40% | 3.40% |
| 5 | CO | -1 bps | 3.65% | 3.66% |
| 6 | WI | -2 bps | 3.33% | 3.35% |
| 7 | FL | -3 bps | 3.47% | 3.49% |
| 8 | DC | -4 bps | 3.56% | 3.60% |
| 9 | MO | -8 bps | 3.09% | 3.17% |
| 10 | IL | -9 bps | 3.61% | 3.70% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 3/31/23-4/6/23 (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 3/31/23-4/6/23 (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 3/31/23-4/6/23 (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 3/31/23-4/6/23
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 3/31/23 vs. the week ending 4/6/23
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | NJ NJSTRN 5.00 06/15/2050 | 5.000% | 06/15/50 | 25 | 91 | 66 | 264% |
| 2 | CO BRIWTR 5.00 06/01/2047 | 5.000% | 06/01/47 | 33 | 99 | 66 | 200% |
| 3 | FL MIATRN 5.00 07/01/2049 | 5.000% | 07/01/49 | 39 | 104 | 65 | 167% |
| 4 | CO COSWTR 5.00 09/01/2052 | 5.000% | 09/01/52 | 24 | 86 | 62 | 258% |
| 5 | TX TXSWTR 5.00 10/15/2057 | 5.000% | 10/15/57 | 13 | 67 | 54 | 415% |
| 6 | DC DCTGEN 5.00 07/01/2031 | 5.000% | 07/01/31 | 14 | 68 | 54 | 386% |
| 7 | CT CTSGEN 5.00 01/01/2034 | 5.000% | 01/01/34 | 11 | 65 | 54 | 491% |
| 8 | NY NYC 4.00 03/01/2047 | 4.000% | 03/01/47 | 98 | 150 | 52 | 53% |
| 9 | IA CRV 4.00 05/01/2041 | 4.000% | 05/01/41 | 9 | 60 | 51 | 567% |
| 10 | NY NYTTRN 5.00 12/01/2031 | 5.000% | 12/01/31 | 5 | 56 | 51 | 1020% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 3/31/23 – 4/6/23
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | NY NYCUTL 4.13 06/15/2046 | 4.125% | 06/15/46 | 42 |
| 2 | NJ NJSTRN 4.00 06/15/2050 | 4.000% | 06/15/50 | 42 |
| 3 | NY NYCUTL 4.13 06/15/2047 | 4.125% | 06/15/47 | 37 |
| 4 | NY TRITRN 4.00 05/15/2048 | 4.000% | 05/15/48 | 36 |
| 5 | NY TRBTRN 5.00 11/15/2056 | 5.000% | 11/15/56 | 36 |
| 6 | NY NYSFAC 3.00 03/15/2049 | 3.000% | 03/15/49 | 35 |
| 7 | NV LAS 4.00 03/01/2053 | 4.000% | 03/01/53 | 35 |
| 8 | CO DENAPT 5.00 11/15/2053 | 5.000% | 11/15/53 | 35 |
| 9 | MI WAYSCD 4.50 11/01/2046 | 4.500% | 11/01/46 | 34 |
| 10 | DC DIS 5.00 01/01/2045 | 5.000% | 01/01/45 | 34 |
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