Municipals
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Municipal Bond Market Summary:
Week Ending 5/26/23
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 5/19/23-5/26/23
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W | DEALERS |
| 1 | CA CASMED 5.00 11/15/2056 | 5.000% | 11/15/56 | 2.73% | 87.44 | 85.11 | 3 |
| 2 | TX HARUTL 3.50 09/01/2042 | 3.500% | 09/01/42 | 1.82% | 86.64 | 85.09 | 4 |
| 3 | CA RCMDEV 6.26 09/01/2031 | 6.262% | 09/01/31 | 1.72% | 105.82 | 104.03 | 3 |
| 4 | NY NYSHGR 4.00 07/01/2045 | 4.000% | 07/01/45 | 1.71% | 71.45 | 70.25 | 2 |
| 5 | OK OKSDEV 3.25 11/01/2027 | 3.250% | 11/01/27 | 1.51% | 95.41 | 93.99 | 3 |
| 6 | CA SCZDEV 3.75 09/01/2032 | 3.750% | 09/01/32 | 1.29% | 90.92 | 89.77 | 3 |
| 7 | CA PITSCD 4.92 08/01/2034 | 4.920% | 08/01/34 | 1.23% | 100.13 | 98.92 | 4 |
| 8 | CA CAS 4.00 04/01/2049 | 4.000% | 04/01/49 | 1.19% | 99.48 | 98.30 | 4 |
| 9 | FL HALMED 4.00 06/01/2046 | 4.000% | 06/01/46 | 1.12% | 94.01 | 92.97 | 3 |
| 10 | TN TNSHSG 3.75 07/01/2039 | 3.750% | 07/01/39 | 1.04% | 99.14 | 98.12 | 4 |
Bottom 10 Performers
Showcases the bottom 10 Muni Bond performers based on price movements between 5/19/23-5/26/23
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W | DEALERS |
| 1 | VA JAMDEV 2.25 06/15/2029 | 2.250% | 06/15/29 | -6.54% | 91.10 | 97.47 | 3 |
| 2 | VA UNIHGR 2.26 09/01/2050 | 2.256% | 09/01/50 | -5.91% | 60.63 | 64.44 | 2 |
| 3 | WA WASFAC 3.00 07/01/2058 | 3.000% | 07/01/58 | -5.71% | 61.53 | 65.25 | 2 |
| 4 | CA UNVHGR 3.55 05/15/2039 | 3.552% | 05/15/39 | -5.38% | 83.59 | 88.34 | 11 |
| 5 | NC NCSTRN 0.00 01/01/2048 | 0.000% | 01/01/48 | -5.06% | 32.05 | 33.75 | 2 |
| 6 | CA UNVHGR 4.56 05/15/2053 | 4.563% | 05/15/53 | -4.99% | 90.86 | 95.63 | 5 |
| 7 | CA CASGEN 4.00 07/15/2051 | 4.000% | 07/15/51 | -4.93% | 94.88 | 99.80 | 13 |
| 8 | WI PUBMED 3.00 06/01/2045 | 3.000% | 06/01/45 | -4.88% | 74.52 | 78.35 | 3 |
| 9 | NY NYSHGR 3.00 03/15/2051 | 3.000% | 03/15/51 | -4.85% | 75.16 | 79.00 | 8 |
| 10 | MD MDSMED 3.25 07/01/2034 | 3.250% | 07/01/34 | -4.77% | 92.79 | 97.44 | 2 |
Top 10 State Performers
Showcases the top 10 Muni State performers based on yield movements between 5/19/23-5/26/23
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | HI | -17 bps | 3.88% | 4.05% |
| 2 | DE | -16 bps | 2.92% | 3.07% |
| 3 | VA | -4 bps | 3.18% | 3.21% |
| 4 | MS | 4 bps | 4.15% | 4.11% |
| 5 | NV | 4 bps | 3.41% | 3.37% |
| 6 | NM | 6 bps | 3.46% | 3.40% |
| 7 | UT | 6 bps | 3.32% | 3.26% |
| 8 | IL | 7 bps | 3.84% | 3.77% |
| 9 | FL | 7 bps | 3.72% | 3.65% |
| 10 | RI | 9 bps | 3.56% | 3.47% |
Bottom 10 State Performers
Showcases the bottom 10 Muni State performers based on yield movements between 5/19/23-5/26/23
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | OK | 33 bps | 3.41% | 3.08% |
| 2 | AZ | 31 bps | 3.56% | 3.25% |
| 3 | GA | 28 bps | 3.29% | 3.01% |
| 4 | SD | 28 bps | 3.90% | 3.62% |
| 5 | SC | 26 bps | 3.60% | 3.34% |
| 6 | IA | 26 bps | 3.74% | 3.49% |
| 7 | OH | 25 bps | 3.98% | 3.74% |
| 8 | NE | 25 bps | 3.86% | 3.62% |
| 9 | WA | 24 bps | 3.80% | 3.56% |
| 10 | NY | 24 bps | 3.64% | 3.39% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 5/19/23-5/26/23 (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 5/19/23-5/26/23 (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 5/19/23-5/26/23 (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 5/19/23-5/26/23
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 5/19/23 vs. the week ending 5/26/23
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | MD BAL 5.00 03/01/2047 | 5.000% | 03/01/47 | 10 | 93 | 83 | 830% |
| 2 | IL MPNFAC 4.00 06/15/2052 | 4.000% | 06/15/52 | 30 | 85 | 55 | 183% |
| 3 | NY NYC 5.00 08/01/2032 | 5.000% | 08/01/32 | 4 | 56 | 52 | 1300% |
| 4 | NY NYCGEN 5.00 11/01/2032 | 5.000% | 11/01/32 | 5 | 56 | 51 | 1020% |
| 5 | CA UNVHGR 3.55 05/15/2039 | 3.552% | 05/15/39 | 2 | 53 | 51 | 2550% |
| 6 | IL KANSCD 5.00 01/01/2030 | 5.000% | 01/01/30 | 3 | 53 | 50 | 1667% |
| 7 | NY NYSHGR 5.00 03/15/2031 | 5.000% | 03/15/31 | 14 | 64 | 50 | 357% |
| 8 | FL TAMUTL 5.25 10/01/2057 | 5.250% | 10/01/57 | 45 | 95 | 50 | 111% |
| 9 | NY NYSHGR 5.00 05/01/2032 | 5.000% | 05/01/32 | 12 | 61 | 49 | 408% |
| 10 | GA METTRN 5.00 07/01/2032 | 5.000% | 07/01/32 | 15 | 63 | 48 | 320% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 5/19/23 – 5/26/23
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | OK OKSWTR 4.00 04/01/2048 | 4.000% | 04/01/48 | 38 |
| 2 | PR PRCGEN 5.00 07/01/2058 | 5.000% | 07/01/58 | 37 |
| 3 | NY NYC 4.00 04/01/2050 | 4.000% | 04/01/50 | 36 |
| 4 | AZ SALAGR 5.00 01/01/2047 | 5.000% | 01/01/47 | 36 |
| 5 | OK OKSWTR 4.13 04/01/2053 | 4.125% | 04/01/53 | 35 |
| 6 | NY NYCUTL 4.13 06/15/2047 | 4.125% | 06/15/47 | 35 |
| 7 | CA CAS 5.00 10/01/2036 | 5.000% | 10/01/36 | 35 |
| 8 | CA CASMED 4.00 11/01/2044 | 4.000% | 11/01/44 | 34 |
| 9 | NY TRBTRN 5.00 11/15/2056 | 5.000% | 11/15/56 | 33 |
| 10 | TX WACSCD 3.00 08/15/2052 | 3.000% | 08/15/52 | 33 |
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