Municipals
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Municipal Bond Market Summary:
Week Ending 4/14/23
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 4/6/23-4/14/23
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W | DEALERS |
| 1 | GA BURPOL 4.13 11/01/2045 | 4.125% | 11/01/45 | 7.87% | 94.49 | 87.60 | 5 |
| 2 | DC METAPT 3.56 10/01/2041 | 3.562% | 10/01/41 | 7.80% | 85.99 | 79.77 | 3 |
| 3 | MN UNIHGR 4.05 04/01/2052 | 4.048% | 04/01/52 | 7.72% | 92.59 | 85.96 | 5 |
| 4 | PA PASTRN 4.00 12/01/2051 | 4.000% | 12/01/51 | 7.14% | 99.35 | 92.74 | 3 |
| 5 | NY NYCDEV 3.00 01/01/2033 | 3.000% | 01/01/33 | 6.93% | 99.59 | 93.14 | 7 |
| 6 | FL FLSEDU 2.38 06/01/2031 | 2.375% | 06/01/31 | 6.55% | 97.02 | 91.05 | 4 |
| 7 | CA SBBSCD 0.00 08/01/2040 | 0.000% | 08/01/40 | 6.32% | 51.16 | 48.12 | 2 |
| 8 | NY NYSHGR 5.00 10/01/2050 | 5.000% | 10/01/50 | 5.92% | 123.30 | 116.40 | 16 |
| 9 | NY NYCDEV 3.50 09/15/2052 | 3.500% | 09/15/52 | 5.10% | 81.93 | 77.96 | 2 |
| 10 | PA PITTRN 2.58 12/01/2031 | 2.580% | 12/01/31 | 5.01% | 85.71 | 81.62 | 4 |
Bottom 10 Performers
Showcases the bottom 10 Muni Bond performers based on price movements between 4/6/23-4/14/23
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W | DEALERS |
| 1 | FL PALMED 5.00 11/15/2032 | 5.000% | 11/15/32 | -5.52% | 96.47 | 102.11 | 3 |
| 2 | TX HOU 6.29 03/01/2032 | 6.290% | 03/01/32 | -5.21% | 103.14 | 108.81 | 7 |
| 3 | PA DRVTRN 5.00 01/01/2034 | 5.000% | 01/01/34 | -5.15% | 107.66 | 113.51 | 2 |
| 4 | PR PRCGEN 0.00 07/01/2051 | 0.000% | 07/01/51 | -5.15% | 19.94 | 21.02 | 11 |
| 5 | WV TOBGEN 4.31 06/01/2049 | 4.306% | 06/01/49 | -4.63% | 75.96 | 79.65 | 12 |
| 6 | CA UNVHGR 2.65 05/15/2050 | 2.650% | 05/15/50 | -4.53% | 65.16 | 68.25 | 5 |
| 7 | CA FOOTRN 3.92 01/15/2053 | 3.924% | 01/15/53 | -3.84% | 81.87 | 85.14 | 4 |
| 8 | TX UNIHGR 3.85 08/15/2046 | 3.852% | 08/15/46 | -3.49% | 90.92 | 94.22 | 5 |
| 9 | CA CASHGR 2.94 11/01/2052 | 2.939% | 11/01/52 | -3.35% | 71.67 | 74.16 | 8 |
| 10 | AL HOM 2.36 09/01/2036 | 2.361% | 09/01/36 | -2.74% | 78.18 | 80.38 | 6 |
Top 10 State Performers
Showcases the top 10 Muni State performers based on yield movements between 4/6/23-4/14/23
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | CO | -28 bps | 3.38% | 3.66% |
| 2 | NV | -26 bps | 3.09% | 3.35% |
| 3 | MN | -24 bps | 3.33% | 3.58% |
| 4 | LA | -20 bps | 3.19% | 3.40% |
| 5 | IL | -14 bps | 3.47% | 3.61% |
| 6 | WA | -14 bps | 3.37% | 3.51% |
| 7 | NC | -7 bps | 2.41% | 2.47% |
| 8 | MI | -6 bps | 3.29% | 3.36% |
| 9 | MO | -3 bps | 3.07% | 3.11% |
| 10 | WI | -2 bps | 3.31% | 3.33% |
Bottom 10 State Performers
Showcases the bottom 10 Muni State performers based on yield movements between 4/6/23-4/14/23
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | UT | 64 bps | 3.18% | 2.54% |
| 2 | GA | 57 bps | 3.19% | 2.62% |
| 3 | VA | 47 bps | 2.87% | 2.39% |
| 4 | NE | 43 bps | 3.35% | 2.93% |
| 5 | IA | 27 bps | 3.19% | 2.92% |
| 6 | MD | 23 bps | 2.95% | 2.72% |
| 7 | OH | 16 bps | 3.46% | 3.31% |
| 8 | NJ | 14 bps | 3.26% | 3.11% |
| 9 | HI | 14 bps | 3.99% | 3.85% |
| 10 | OR | 13 bps | 3.43% | 3.29% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 4/6/23-4/14/23 (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 4/6/23-4/14/23 (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 4/6/23-4/14/23 (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 4/6/23-4/14/23
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 4/6/23 vs. the week ending 4/14/23
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | NY NYSHGR 4.00 07/01/2049 | 4.000% | 07/01/49 | 40 | 149 | 109 | 273% |
| 2 | TX ELP 4.70 08/15/2033 | 4.696% | 08/15/33 | 2 | 68 | 66 | 3300% |
| 3 | CO COSHGR 4.00 03/01/2037 | 4.000% | 03/01/37 | 1 | 61 | 60 | 6000% |
| 4 | TX DALAPT 4.00 11/01/2038 | 4.000% | 11/01/38 | 10 | 62 | 52 | 520% |
| 5 | NY NYCFAC 4.00 07/15/2037 | 4.000% | 07/15/37 | 1 | 53 | 52 | 5200% |
| 6 | AL HUN 5.00 03/01/2043 | 5.000% | 03/01/43 | 30 | 81 | 51 | 170% |
| 7 | FL SEMUTL 4.00 10/01/2040 | 4.000% | 10/01/40 | 8 | 58 | 50 | 625% |
| 8 | NY NYCGEN 4.80 02/01/2030 | 4.800% | 02/01/30 | 6 | 54 | 48 | 800% |
| 9 | NY NYCDEV 4.00 03/01/2032 | 4.000% | 03/01/32 | 10 | 58 | 48 | 480% |
| 10 | MO MOSTRN 5.63 05/01/2029 | 5.633% | 05/01/29 | 2 | 50 | 48 | 2400% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 4/6/23 – 4/14/23
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | NY NYCUTL 4.13 06/15/2046 | 4.125% | 06/15/46 | 47 |
| 2 | NJ NJSTRN 4.00 06/15/2050 | 4.000% | 06/15/50 | 41 |
| 3 | NY TRITRN 4.50 05/15/2063 | 4.500% | 05/15/63 | 39 |
| 4 | NY NYCUTL 4.13 06/15/2047 | 4.125% | 06/15/47 | 37 |
| 5 | NY TRITRN 4.00 05/15/2048 | 4.000% | 05/15/48 | 37 |
| 6 | MI WAYSCD 4.50 11/01/2046 | 4.500% | 11/01/46 | 35 |
| 7 | DC DIS 5.00 01/01/2045 | 5.000% | 01/01/45 | 34 |
| 8 | AZ SALAGR 5.00 01/01/2043 | 5.000% | 01/01/43 | 34 |
| 9 | NY NYCUTL 5.00 06/15/2046 | 5.000% | 06/15/46 | 33 |
| 10 | CO DENAPT 5.00 11/15/2053 | 5.000% | 11/15/53 | 32 |
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