Municipals

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Municipal Bond Market Summary:
Week Ending 5/12/23

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 5/5/23-5/12/23

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W DEALERS
1 NY NYCUTL 6.01 06/15/2042 6.011% 06/15/42 3.95% 122.11 117.47 9
2 CO GUNSCD 2.08 12/01/2032 2.080% 12/01/32 3.73% 83.24 80.25 9
3 CO GUNSCD 2.18 12/01/2033 2.180% 12/01/33 3.65% 82.23 79.34 9
4 KS JOH 1.60 09/01/2031 1.600% 09/01/31 3.62% 83.31 80.39 7
5 PA PASTRN 2.84 12/01/2031 2.840% 12/01/31 3.52% 87.19 84.23 8
6 NE SAUSCD 3.00 12/15/2046 3.000% 12/15/46 2.81% 79.76 77.58 2
7 TX HAYSCD 5.00 02/15/2028 5.000% 02/15/28 2.79% 105.76 102.90 12
8 TX MAGSCD 5.00 08/15/2030 5.000% 08/15/30 2.49% 106.31 103.72 10
9 MA BRO 2.31 11/01/2029 2.308% 11/01/29 2.40% 89.89 87.78 13
10 CA ESGGEN 2.27 07/01/2031 2.267% 07/01/31 2.22% 84.64 82.80 8

Bottom 10 Performers

Showcases the bottom 10 Muni Bond performers based on price movements between 5/5/23-5/12/23

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W DEALERS
1 CA SBDHGR 1.90 08/01/2030 1.898% 08/01/30 -4.94% 81.66 85.90 4
2 CA CASPOL 7.50 12/01/2040 7.500% 12/01/40 -4.83% 69.95 73.50 2
3 CA HAWGEN 3.85 06/01/2049 3.848% 06/01/49 -3.38% 79.35 82.12 6
4 MA MASWTR 5.19 08/01/2040 5.192% 08/01/40 -3.30% 100.42 103.85 6
5 CA UNVHGR 4.77 05/15/2115 4.767% 05/15/15 -2.54% 89.06 91.38 7
6 NJ RUTHGR 3.92 05/01/2119 3.915% 05/01/19 -2.53% 72.09 73.95 7
7 MA MASEDU 3.00 07/01/2051 3.000% 07/01/51 -2.49% 69.97 71.75 2
8 TX NRTTRN 6.72 01/01/2049 6.718% 01/01/49 -2.18% 125.96 128.77 6
9 CA UNVHGR 2.65 05/15/2050 2.650% 05/15/50 -2.14% 65.30 66.73 7
10 TN METUTL 4.00 07/01/2045 4.000% 07/01/45 -2.09% 100.50 102.65 3

Top 10 State Performers

Showcases the top 10 Muni State performers based on yield movements between 5/5/23-5/12/23

RANK STATE CHANGE YLD YLD-1W
1 GA -32 bps 2.90% 3.22%
2 AK -21 bps 3.22% 3.43%
3 VA -15 bps 2.81% 2.96%
4 DE -15 bps 2.87% 3.01%
5 AZ -13 bps 3.22% 3.35%
6 OK -13 bps 3.09% 3.21%
7 MD -13 bps 2.87% 2.99%
8 NC -12 bps 3.05% 3.18%
9 IN -11 bps 3.33% 3.44%
10 MS -11 bps 3.72% 3.83%

Bottom 10 State Performers

Showcases the bottom 10 Muni State performers based on yield movements between 5/5/23-5/12/23

RANK STATE CHANGE YLD YLD-1W
1 SC 38 bps 3.48% 3.09%
2 DC 20 bps 3.86% 3.67%
3 OH 18 bps 3.66% 3.48%
4 CO 17 bps 3.60% 3.42%
5 KS 17 bps 3.44% 3.27%
6 NV 15 bps 3.36% 3.21%
7 NE 14 bps 3.55% 3.41%
8 MN 13 bps 3.28% 3.15%
9 NM 13 bps 3.24% 3.11%
10 UT 13 bps 3.17% 3.04%

10 Year Yield by State – All

Displays the average Muni 10 year yield by state between 5/5/23-5/12/23 (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 5/5/23-5/12/23 (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 5/5/23-5/12/23 (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 5/5/23-5/12/23

Top Quote Volume Movers: This Week vs Last Week

Exhibits the Munis with the largest increase in quote volume for the week ending 5/5/23 vs. the week ending 5/12/23

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 TX WACSCD 3.00 08/15/2052 3.000% 08/15/52 27 102 75 278%
2 CA CAS 5.00 11/01/2037 5.000% 11/01/37 21 95 74 352%
3 CA UNVHGR 5.00 05/15/2030 5.000% 05/15/30 14 86 72 514%
4 CA CA PASHGR 4 08/01/2040 4.00 08/01/2051 4.000% 08/01/51 9 72 63 700%
5 CO ADASCD 5.00 12/15/2028 5.000% 12/15/28 5 67 62 1240%
6 TX ODS 4.00 03/01/2028 4.000% 03/01/28 5 67 62 1240%
7 OH OHSPOL 5.00 12/01/2026 5.000% 12/01/26 10 72 62 620%
8 TX PSPSCD 5.00 02/15/2029 5.000% 02/15/29 5 67 62 1240%
9 OK CLEEDU 4.00 06/01/2028 4.000% 06/01/28 5 66 61 1220%
10 TX LUBPWR 5.00 04/15/2029 5.000% 04/15/29 5 64 59 1180%

Most Quoted Munis

Ranks the Munis that were quoted by the highest number of dealers between 5/5/23 – 5/12/23

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 37
3 NY TRBTRN 5.00 11/15/2056 5.000% 11/15/56 36
4 CA CAS 5.00 10/01/2039 5.000% 10/01/39 36
5 NY NYCUTL 4.13 06/15/2047 4.125% 06/15/47 36
6 TX CMTSCD 5.00 02/15/2045 5.000% 02/15/45 33
7 OK OKSWTR 4.00 04/01/2048 4.000% 04/01/48 33
8 OK OKSWTR 4.13 04/01/2053 4.125% 04/01/53 32
9 PR PRCGEN 5.00 07/01/2058 5.000% 07/01/58 32
10 NY NYCGEN 4.00 02/01/2051 4.000% 02/01/51 30

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