Municipals
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Municipal Bond Market Summary:
Week Ending 5/5/23
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 4/28/23-5/5/23
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W | DEALERS |
| 1 | NY NYSHGR 4.25 03/15/2037 | 4.250% | 03/15/37 | 7.66% | 96.62 | 89.75 | 7 |
| 2 | MO GRECTF 4.00 03/01/2027 | 4.000% | 03/01/27 | 6.39% | 111.71 | 105.00 | 4 |
| 3 | CA CDAHSG 4.00 10/01/2056 | 4.000% | 10/01/56 | 5.49% | 76.38 | 72.40 | 2 |
| 4 | PA PASMED 3.20 11/15/2027 | 3.201% | 11/15/27 | 4.15% | 100.27 | 96.27 | 2 |
| 5 | IL SKO 1.88 12/01/2026 | 1.877% | 12/01/26 | 2.61% | 90.39 | 88.09 | 6 |
| 6 | CA SCVWTR 4.15 06/01/2038 | 4.154% | 06/01/38 | 2.59% | 94.95 | 92.56 | 5 |
| 7 | NY ITC 1.25 02/19/2031 | 1.250% | 02/19/31 | 2.44% | 85.98 | 83.94 | 2 |
| 8 | CA GLDGEN 3.04 06/01/2032 | 3.037% | 06/01/32 | 2.10% | 86.04 | 84.28 | 4 |
| 9 | OK OKSWTR 4.13 04/01/2053 | 4.125% | 04/01/53 | 2.05% | 101.63 | 99.58 | 25 |
| 10 | WA PIESCD 1.65 12/01/2030 | 1.653% | 12/01/30 | 2.04% | 83.87 | 82.20 | 6 |
Bottom 10 Performers
Showcases the bottom 10 Muni Bond performers based on price movements between 4/28/23-5/5/23
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W | DEALERS |
| 1 | WI UNVMED 5.00 04/01/2033 | 5.000% | 04/01/33 | -3.78% | 106.77 | 110.97 | 3 |
| 2 | PA PAS 2.00 05/01/2039 | 2.000% | 05/01/39 | -3.74% | 71.78 | 74.56 | 2 |
| 3 | FL FLSTRN 3.00 07/01/2046 | 3.000% | 07/01/46 | -3.71% | 79.24 | 82.29 | 11 |
| 4 | KY LOUUTL 3.00 05/15/2035 | 3.000% | 05/15/35 | -3.70% | 93.41 | 97.00 | 2 |
| 5 | WV CONHGR 4.00 06/01/2044 | 4.000% | 06/01/44 | -3.48% | 94.90 | 98.32 | 2 |
| 6 | GA SRGDEV 3.00 08/01/2030 | 3.000% | 08/01/30 | -3.05% | 96.95 | 100.00 | 2 |
| 7 | WA MASMED 4.00 12/01/2044 | 4.000% | 12/01/44 | -2.46% | 90.44 | 92.72 | 5 |
| 8 | TX CLIEDU 4.35 12/01/2042 | 4.350% | 12/01/42 | -2.39% | 92.25 | 94.51 | 2 |
| 9 | MN SHB 3.25 02/01/2038 | 3.250% | 02/01/38 | -2.29% | 96.02 | 98.27 | 2 |
| 10 | GA RICMED 3.00 01/01/2033 | 3.000% | 01/01/33 | -1.89% | 96.89 | 98.76 | 2 |
Top 10 State Performers
Showcases the top 10 Muni State performers based on yield movements between 4/28/23-5/5/23
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | DE | -25 bps | 3.02% | 3.27% |
| 2 | SC | -21 bps | 3.09% | 3.31% |
| 3 | KY | -20 bps | 3.41% | 3.61% |
| 4 | WV | -14 bps | 2.91% | 3.05% |
| 5 | IN | -14 bps | 3.44% | 3.58% |
| 6 | HI | -12 bps | 3.96% | 4.07% |
| 7 | PA | -11 bps | 3.43% | 3.55% |
| 8 | AR | -11 bps | 3.36% | 3.47% |
| 9 | MN | -10 bps | 3.15% | 3.25% |
| 10 | AL | -10 bps | 3.81% | 3.91% |
Bottom 10 State Performers
Showcases the bottom 10 Muni State performers based on yield movements between 4/28/23-5/5/23
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | MS | 38 bps | 3.83% | 3.45% |
| 2 | AK | 17 bps | 3.43% | 3.26% |
| 3 | LA | 17 bps | 3.52% | 3.36% |
| 4 | NC | 14 bps | 3.18% | 3.03% |
| 5 | CO | 9 bps | 3.43% | 3.33% |
| 6 | TN | 8 bps | 3.43% | 3.35% |
| 7 | WI | 6 bps | 3.43% | 3.37% |
| 8 | ND | 3 bps | 3.32% | 3.29% |
| 9 | AZ | 3 bps | 3.35% | 3.32% |
| 10 | OH | 3 bps | 3.49% | 3.46% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 4/28/23-5/5/23 (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 4/28/23-5/5/23 (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 4/28/23-5/5/23 (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 4/28/23-5/5/23
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 4/28/23 vs. the week ending 5/5/23
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | CA LRSHGR 3.00 08/01/2035 | 3.000% | 08/01/35 | 15 | 102 | 87 | 580% |
| 2 | CA LPSEDU 3.00 08/01/2035 | 3.000% | 08/01/35 | 15 | 99 | 84 | 560% |
| 3 | CA ESDSCD 3.00 08/01/2032 | 3.000% | 08/01/32 | 13 | 97 | 84 | 646% |
| 4 | CA LPSEDU 3.00 08/01/2035 | 3.000% | 08/01/35 | 15 | 98 | 83 | 553% |
| 5 | CA ESDSCD 3.00 08/01/2035 | 3.000% | 08/01/35 | 15 | 95 | 80 | 533% |
| 6 | CA LPSEDU 3.00 08/01/2034 | 3.000% | 08/01/34 | 15 | 95 | 80 | 533% |
| 7 | CA LRSHGR 3.00 08/01/2032 | 3.000% | 08/01/32 | 18 | 97 | 79 | 439% |
| 8 | NY TRBTRN 5.00 11/15/2056 | 5.000% | 11/15/56 | 82 | 152 | 70 | 85% |
| 9 | CA SCRSCD 3.00 07/01/2031 | 3.000% | 07/01/31 | 20 | 85 | 65 | 325% |
| 10 | PA PAS 5.00 10/01/2034 | 5.000% | 10/01/34 | 36 | 97 | 61 | 169% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 4/28/23 – 5/5/23
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | CA CAS 5.00 10/01/2036 | 5.000% | 10/01/36 | 42 |
| 2 | NY NYCUTL 4.13 06/15/2046 | 4.125% | 06/15/46 | 39 |
| 3 | NY NYCUTL 4.13 06/15/2047 | 4.125% | 06/15/47 | 38 |
| 4 | CA CAS 5.00 10/01/2039 | 5.000% | 10/01/39 | 36 |
| 5 | OK OKSWTR 4.00 04/01/2048 | 4.000% | 04/01/48 | 32 |
| 6 | OK OKSWTR 4.13 04/01/2053 | 4.125% | 04/01/53 | 31 |
| 7 | CA SDGAPT 5.00 07/01/2056 | 5.000% | 07/01/56 | 31 |
| 8 | NY TRBTRN 5.00 11/15/2056 | 5.000% | 11/15/56 | 31 |
| 9 | PR PRCGEN 5.00 07/01/2058 | 5.000% | 07/01/58 | 31 |
| 10 | TX CMTSCD 5.00 02/15/2045 | 5.000% | 02/15/45 | 30 |
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