Municipals
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Municipal Bond Market Summary:
Week Ending 4/21/23
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 4/14/23-4/21/23
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W | DEALERS |
| 1 | MO MOSFAC 3.00 04/01/2035 | 3.000% | 04/01/35 | 4.09% | 98.73 | 94.85 | 3 |
| 2 | CA SDGAPT 5.00 07/01/2031 | 5.000% | 07/01/31 | 3.97% | 116.79 | 112.33 | 2 |
| 3 | WA WASHGR 5.00 05/01/2030 | 5.000% | 05/01/30 | 2.84% | 109.08 | 106.07 | 2 |
| 4 | TX TXSHGR 2.65 05/15/2047 | 2.647% | 05/15/47 | 2.58% | 71.01 | 69.22 | 6 |
| 5 | LA STJSCD 3.13 03/01/2046 | 3.125% | 03/01/46 | 1.95% | 74.99 | 73.55 | 6 |
| 6 | NC UNCHGR 2.53 12/01/2026 | 2.529% | 12/01/26 | 1.79% | 95.05 | 93.38 | 6 |
| 7 | NY NYSHGR 3.23 03/15/2030 | 3.230% | 03/15/30 | 1.57% | 92.65 | 91.22 | 4 |
| 8 | CA PRTHGR 0.00 08/05/2039 | 0.000% | 08/05/39 | 1.51% | 42.13 | 41.50 | 5 |
| 9 | MA MINHGR 2.00 04/15/2032 | 2.000% | 04/15/32 | 1.50% | 94.05 | 92.66 | 2 |
| 10 | MI NORHGR 5.00 12/01/2031 | 5.000% | 12/01/31 | 1.49% | 113.04 | 111.37 | 2 |
Bottom 10 Performers
Showcases the bottom 10 Muni Bond performers based on price movements between 4/14/23-4/21/23
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W | DEALERS |
| 1 | NM NMSHSG 1.85 07/01/2032 | 1.850% | 07/01/32 | -5.83% | 86.01 | 91.33 | 2 |
| 2 | CA TMVSCD 3.00 08/01/2047 | 3.000% | 08/01/47 | -5.82% | 79.38 | 84.29 | 4 |
| 3 | TX NHPFAC 5.50 12/01/2030 | 5.500% | 12/01/30 | -5.64% | 86.40 | 91.57 | 2 |
| 4 | MA MASTRN 5.87 07/01/2040 | 5.869% | 07/01/40 | -4.84% | 107.75 | 113.23 | 4 |
| 5 | WI PUBMED 4.00 10/01/2052 | 4.000% | 10/01/52 | -4.81% | 91.67 | 96.31 | 3 |
| 6 | FL BWCDEV 4.00 09/01/2051 | 4.000% | 09/01/51 | -4.39% | 93.58 | 97.87 | 5 |
| 7 | NY NYCDEV 3.19 03/01/2040 | 3.186% | 03/01/40 | -4.27% | 76.16 | 79.56 | 5 |
| 8 | CO PLSFAC 4.00 12/01/2051 | 4.000% | 12/01/51 | -4.24% | 95.43 | 99.66 | 3 |
| 9 | CO COSEDU 4.13 11/15/2044 | 4.125% | 11/15/44 | -4.17% | 94.21 | 98.32 | 3 |
| 10 | WA SNOHSG 4.00 04/01/2044 | 4.000% | 04/01/44 | -4.01% | 92.79 | 96.66 | 4 |
Top 10 State Performers
Showcases the top 10 Muni State performers based on yield movements between 4/14/23-4/21/23
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | HI | -18 bps | 3.81% | 3.99% |
| 2 | AK | -14 bps | 3.04% | 3.18% |
| 3 | IN | -6 bps | 3.38% | 3.44% |
| 4 | VA | -3 bps | 2.91% | 2.94% |
| 5 | CA | -3 bps | 3.38% | 3.41% |
| 6 | AZ | -2 bps | 3.37% | 3.39% |
| 7 | OH | -1 bps | 3.46% | 3.47% |
| 8 | GA | 0 bps | 3.19% | 3.19% |
| 9 | MN | 0 bps | 3.34% | 3.33% |
| 10 | OR | 1 bps | 3.43% | 3.42% |
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 | ID | 30 bps | 3.19% | 2.89% |
| 2 | MO | 26 bps | 3.28% | 3.02% |
| 3 | NE | 25 bps | 3.61% | 3.36% |
| 4 | KY | 23 bps | 3.57% | 3.34% |
| 5 | NY | 20 bps | 3.37% | 3.16% |
| 6 | ND | 20 bps | 3.48% | 3.28% |
| 7 | FL | 20 bps | 3.70% | 3.50% |
| 8 | TN | 19 bps | 3.30% | 3.11% |
| 9 | DC | 19 bps | 3.73% | 3.55% |
| 10 | TX | 18 bps | 4.16% | 3.97% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 4/14/23-4/21/23 (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 4/14/23-4/21/23 (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 4/14/23-4/21/23 (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 4/14/23 vs. the week ending 4/21/23
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | TX TXCSCD 4.00 08/15/2053 | 4.000% | 08/15/53 | 21 | 108 | 87 | 414% |
| 2 | TX CEA 4.00 09/01/2048 | 4.000% | 09/01/48 | 23 | 96 | 73 | 317% |
| 3 | CA SFOAPT 5.00 05/01/2052 | 5.000% | 05/01/52 | 10 | 77 | 67 | 670% |
| 4 | FL STPUTL 4.00 10/01/2039 | 4.000% | 10/01/39 | 13 | 79 | 66 | 508% |
| 5 | WA UWAHGR 5.00 10/01/2040 | 4.997% | 10/01/40 | 6 | 71 | 65 | 1083% |
| 6 | MO MOSMED 5.06 11/15/2037 | 5.058% | 11/15/37 | 17 | 81 | 64 | 376% |
| 7 | MD AAR 5.00 10/01/2044 | 5.000% | 10/01/44 | 2 | 65 | 63 | 3150% |
| 8 | TX DNAGEN 5.80 08/01/2043 | 5.800% | 08/01/43 | 7 | 68 | 61 | 871% |
| 9 | TX TXCSCD 5.00 08/15/2038 | 5.000% | 08/15/38 | 4 | 63 | 59 | 1475% |
| 10 | TX DNAGEN 6.00 08/01/2052 | 6.000% | 08/01/52 | 7 | 63 | 56 | 800% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 4/14/23 – 4/21/23
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | NY NYCUTL 4.13 06/15/2046 | 4.125% | 06/15/46 | 47 |
| 2 | NY NYCUTL 4.13 06/15/2047 | 4.125% | 06/15/47 | 45 |
| 3 | NY TRITRN 4.50 05/15/2063 | 4.500% | 05/15/63 | 41 |
| 4 | NY TRITRN 4.00 05/15/2048 | 4.000% | 05/15/48 | 37 |
| 5 | DC DIS 5.00 01/01/2045 | 5.000% | 01/01/45 | 35 |
| 6 | NY NYCGEN 4.00 05/01/2045 | 4.000% | 05/01/45 | 34 |
| 7 | NY NYCUTL 5.00 06/15/2046 | 5.000% | 06/15/46 | 33 |
| 8 | DC DIS 5.25 01/01/2048 | 5.250% | 01/01/48 | 33 |
| 9 | PR PRCGEN 5.00 07/01/2058 | 5.000% | 07/01/58 | 32 |
| 10 | NY NYC 4.00 03/01/2047 | 4.000% | 03/01/47 | 31 |
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