Municipals
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Municipal Bond Market Summary:
Week Ending 4/28/23
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 4/21/23-4/28/23
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W | DEALERS |
| 1 | MI DET 4.00 04/01/2044 | 4.000% | 04/01/44 | 6.71% | 77.13 | 72.28 | 4 |
| 2 | IL CHIEDU 4.00 12/01/2041 | 4.000% | 12/01/41 | 6.65% | 91.06 | 85.38 | 5 |
| 3 | CA LKSSCD 0.00 08/01/2036 | 0.000% | 08/01/36 | 5.62% | 62.26 | 58.95 | 3 |
| 4 | NY NYSHGR 3.19 02/15/2043 | 3.190% | 02/15/43 | 4.89% | 82.45 | 78.61 | 3 |
| 5 | NY NYSFAC 2.97 03/15/2034 | 2.970% | 03/15/34 | 4.49% | 86.65 | 82.93 | 2 |
| 6 | FL FAUFIN 4.00 07/01/2044 | 4.000% | 07/01/44 | 4.11% | 98.46 | 94.57 | 2 |
| 7 | PR PRCPWR 5.00 07/01/2042 | 5.000% | 07/01/42 | 4.03% | 70.74 | 68.00 | 3 |
| 8 | NC UNCHGR 2.76 04/01/2043 | 2.762% | 04/01/43 | 3.04% | 77.36 | 75.08 | 3 |
| 9 | CA LOSHGR 6.60 08/01/2042 | 6.600% | 08/01/42 | 3.01% | 125.18 | 121.53 | 6 |
| 10 | MO MOSMED 3.65 08/15/2057 | 3.652% | 08/15/57 | 2.96% | 81.59 | 79.25 | 2 |
Bottom 10 Performers
Showcases the bottom 10 Muni Bond performers based on price movements between 4/21/23-4/28/23
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W | DEALERS |
| 1 | VA VASSCD 3.00 08/01/2036 | 3.000% | 08/01/36 | -7.01% | 93.11 | 100.13 | 2 |
| 2 | ME MESHSG 3.65 11/15/2042 | 3.650% | 11/15/42 | -6.60% | 90.50 | 96.90 | 3 |
| 3 | PA MONHGR 4.00 09/01/2049 | 4.000% | 09/01/49 | -4.93% | 91.76 | 96.51 | 4 |
| 4 | PA PASTRN 4.00 12/01/2053 | 4.000% | 12/01/53 | -3.61% | 94.96 | 98.51 | 5 |
| 5 | TX NRTTRN 8.41 02/01/2030 | 8.410% | 02/01/30 | -3.94% | 106.34 | 110.71 | 3 |
| 6 | TX DALTRN 2.82 12/01/2042 | 2.816% | 12/01/42 | -2.96% | 70.80 | 72.96 | 3 |
| 7 | CA CASGEN 4.00 04/01/2046 | 4.000% | 04/01/46 | -2.82% | 93.23 | 95.94 | 12 |
| 8 | NJ NJSTRN 4.00 06/15/2034 | 4.000% | 06/15/34 | -2.65% | 102.88 | 105.68 | 2 |
| 9 | CA CAS 5.00 09/01/2031 | 5.000% | 09/01/31 | -2.64% | 119.37 | 122.60 | 3 |
| 10 | TX ARLEDU 5.00 12/01/2037 | 5.000% | 12/01/37 | -2.57% | 113.34 | 116.33 | 13 |
Top 10 State Performers
Showcases the top 10 Muni State performers based on yield movements between 4/21/23-4/28/23
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | SC | -25 bps | 3.30% | 3.55% |
| 2 | NE | -21 bps | 3.40% | 3.61% |
| 3 | ND | -19 bps | 3.29% | 3.48% |
| 4 | CO | -10 bps | 3.40% | 3.50% |
| 5 | UT | -9 bps | 3.14% | 3.22% |
| 6 | FL | -9 bps | 3.61% | 3.70% |
| 7 | MN | -8 bps | 3.25% | 3.34% |
| 8 | AL | -7 bps | 3.91% | 3.98% |
| 9 | MD | -7 bps | 3.04% | 3.11% |
| 10 | WA | -6 bps | 3.45% | 3.51% |
Bottom 10 State Performers
Showcases the bottom 10 Muni State performers based on yield movements between 4/21/23-4/28/23
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | DE | 44 bps | 3.27% | 2.83% |
| 2 | AK | 21 bps | 3.26% | 3.05% |
| 3 | IN | 20 bps | 3.58% | 3.38% |
| 4 | NH | 18 bps | 3.32% | 3.14% |
| 5 | MS | 16 bps | 3.46% | 3.30% |
| 6 | HI | 15 bps | 4.07% | 3.92% |
| 7 | CT | 11 bps | 3.32% | 3.21% |
| 8 | OR | 9 bps | 3.52% | 3.43% |
| 9 | PA | 8 bps | 3.55% | 3.47% |
| 10 | AR | 6 bps | 3.47% | 3.41% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 4/21/23-4/28/23 (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 4/21/23-4/28/23 (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 4/21/23-4/28/23 (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 4/21/23-4/28/23
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 4/21/23 vs. the week ending 4/28/23
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | NY NYSHGR 3.00 03/15/2050 | 3.000% | 03/15/50 | 15 | 105 | 90 | 600% |
| 2 | TX NSDSCD 4.13 08/15/2053 | 4.125% | 08/15/53 | 6 | 84 | 78 | 1300% |
| 3 | CA CASEDU 5.00 06/01/2043 | 5.000% | 06/01/43 | 12 | 64 | 52 | 433% |
| 4 | FL COLEDU 5.00 06/01/2043 | 5.000% | 06/01/43 | 25 | 75 | 50 | 200% |
| 5 | NY NYCUTL 4.00 06/15/2051 | 4.000% | 06/15/51 | 8 | 58 | 50 | 625% |
| 6 | NY NYCUTL 4.50 06/15/2032 | 4.500% | 06/15/32 | 13 | 63 | 50 | 385% |
| 7 | TX NSDSCD 4.00 08/15/2048 | 4.000% | 08/15/48 | 7 | 56 | 49 | 700% |
| 8 | NY NYC 5.00 04/01/2038 | 5.000% | 04/01/38 | 10 | 56 | 46 | 460% |
| 9 | NY NYSHGR 4.00 03/15/2043 | 4.000% | 03/15/43 | 36 | 80 | 44 | 122% |
| 10 | TX TXSWTR 4.00 10/15/2046 | 4.000% | 10/15/46 | 21 | 65 | 44 | 210% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 4/21/23 – 4/28/23
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | NY NYCUTL 4.13 06/15/2046 | 4.125% | 06/15/46 | 43 |
| 2 | NY NYCUTL 4.13 06/15/2047 | 4.125% | 06/15/47 | 41 |
| 3 | NY TRITRN 4.50 05/15/2063 | 4.500% | 05/15/63 | 37 |
| 4 | CA CAS 5.00 10/01/2036 | 5.000% | 10/01/36 | 36 |
| 5 | CA CAS 5.00 10/01/2039 | 5.000% | 10/01/39 | 34 |
| 6 | NY TRITRN 4.00 05/15/2048 | 4.000% | 05/15/48 | 33 |
| 7 | PR PRCGEN 5.00 07/01/2058 | 5.000% | 07/01/58 | 32 |
| 8 | NY NYCGEN 4.00 05/01/2045 | 4.000% | 05/01/45 | 32 |
| 9 | NY NYSHGR 4.00 07/01/2049 | 4.000% | 07/01/49 | 31 |
| 10 | DC DIS 5.00 01/01/2045 | 5.000% | 01/01/45 | 31 |
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