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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