Municipals
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Municipal Bond Market Summary:
Week Ending 6/2/23
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 5/26/23-6/2/23
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W | DEALERS |
| 1 | TX TXS 3.21 04/01/2044 | 3.211% | 04/01/44 | 5.99% | 85.36 | 80.53 | 5 |
| 2 | WA WASFAC 3.00 07/01/2058 | 3.000% | 07/01/58 | 5.41% | 64.85 | 61.53 | 2 |
| 3 | TX FORUTL 3.25 09/01/2035 | 3.250% | 09/01/35 | 5.18% | 94.98 | 90.31 | 2 |
| 4 | WI WISMED 4.00 08/15/2040 | 4.000% | 08/15/40 | 4.86% | 98.04 | 93.50 | 3 |
| 5 | NJ NJSTRN 4.00 06/15/2050 | 4.000% | 06/15/50 | 4.63% | 97.83 | 93.50 | 5 |
| 6 | CA MORGEN 1.96 09/01/2031 | 1.964% | 09/01/31 | 4.61% | 83.08 | 79.42 | 3 |
| 7 | CA BAYTRN 4.00 04/01/2049 | 4.000% | 04/01/49 | 4.26% | 99.46 | 95.40 | 9 |
| 8 | KS WYAGEN 3.25 08/01/2033 | 3.250% | 08/01/33 | 4.24% | 98.47 | 94.47 | 2 |
| 9 | CA SFOHGR 2.25 06/15/2045 | 2.250% | 06/15/45 | 4.23% | 68.11 | 65.34 | 2 |
| 10 | MO MOSMED 3.63 11/15/2047 | 3.625% | 11/15/47 | 4.14% | 87.47 | 83.99 | 5 |
Bottom 10 Performers
Showcases the bottom 10 Muni Bond performers based on price movements between 5/26/23-6/2/23
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W | DEALERS |
| 1 | NY TARSCD 3.00 02/01/2033 | 3.000% | 02/01/33 | -4.89% | 93.52 | 98.34 | 2 |
| 2 | OH STKHSG 3.00 08/01/2039 | 3.000% | 08/01/39 | -4.82% | 82.91 | 87.11 | 2 |
| 3 | TN KXVUTL 3.13 04/01/2043 | 3.125% | 04/01/43 | -4.15% | 84.07 | 87.72 | 2 |
| 4 | TX FORUTL 3.13 09/01/2031 | 3.125% | 09/01/31 | -3.55% | 93.30 | 96.74 | 2 |
| 5 | IN SOUUTL 2.60 12/01/2029 | 2.600% | 12/01/29 | -3.42% | 93.98 | 97.31 | 2 |
| 6 | AZ PHOMED 3.75 11/15/2057 | 3.750% | 11/15/57 | -3.33% | 85.42 | 88.36 | 2 |
| 7 | PA BUCMED 4.00 07/01/2046 | 4.000% | 07/01/46 | -3.29% | 74.61 | 77.14 | 3 |
| 8 | CA SACGEN 4.00 09/01/2050 | 4.000% | 09/01/50 | -3.28% | 85.12 | 88.00 | 6 |
| 9 | CA LOSHGR 1.61 08/01/2028 | 1.606% | 08/01/28 | -3.14% | 85.56 | 88.34 | 7 |
| 10 | MA MASDEV 5.00 10/01/2037 | 5.000% | 10/01/37 | -2.97% | 95.08 | 97.99 | 4 |
Top 10 State Performers
Showcases the top 10 Muni State performers based on yield movements between 5/26/23-6/2/23
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | ID | -42 bps | 3.21% | 3.63% |
| 2 | HI | -37 bps | 3.51% | 3.88% |
| 3 | ND | -29 bps | 3.41% | 3.70% |
| 4 | MA | -28 bps | 3.48% | 3.76% |
| 5 | NE | -27 bps | 3.60% | 3.87% |
| 6 | IA | -26 bps | 3.48% | 3.74% |
| 7 | MS | -25 bps | 3.89% | 4.15% |
| 8 | SD | -25 bps | 3.65% | 3.90% |
| 9 | SC | -23 bps | 3.39% | 3.62% |
| 10 | MD | -21 bps | 3.14% | 3.35% |
Bottom 10 State Performers
Showcases the bottom 10 Muni State performers based on yield movements between 5/26/23-6/2/23
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | DE | 23 bps | 3.15% | 2.92% |
| 2 | OH | 13 bps | 4.11% | 3.98% |
| 3 | AK | 8 bps | 3.23% | 3.14% |
| 4 | NM | 5 bps | 3.51% | 3.46% |
| 5 | GA | 2 bps | 3.31% | 3.29% |
| 6 | VA | 2 bps | 3.19% | 3.18% |
| 7 | WI | -1 bps | 3.88% | 3.89% |
| 8 | WA | -1 bps | 3.79% | 3.80% |
| 9 | PA | -3 bps | 3.83% | 3.86% |
| 10 | MO | -6 bps | 3.45% | 3.50% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 5/26/23-6/2/23 (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 5/26/23-6/2/23 (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 5/26/23-6/2/23 (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 5/26/23-6/2/23
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 5/26/23 vs. the week ending 6/2/23
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | IL CHITRN 4.00 01/01/2039 | 4.000% | 01/01/39 | 8 | 111 | 103 | 1288% |
| 2 | TN MNVAPT 5.00 07/01/2049 | 5.000% | 07/01/49 | 45 | 110 | 65 | 144% |
| 3 | CA CASMED 4.00 11/15/2048 | 4.000% | 11/15/48 | 10 | 68 | 58 | 580% |
| 4 | CA CHFSCD 4.00 08/01/2049 | 4.000% | 08/01/49 | 77 | 130 | 53 | 69% |
| 5 | CA CASGEN 4.00 08/15/2041 | 4.000% | 08/15/41 | 26 | 76 | 50 | 192% |
| 6 | OR ORS 5.00 06/01/2031 | 5.000% | 06/01/31 | 24 | 67 | 43 | 179% |
| 7 | TX COMSCD 1.50 02/01/2031 | 1.500% | 02/01/31 | 33 | 75 | 42 | 127% |
| 8 | CA CASMED 5.00 06/01/2041 | 5.000% | 06/01/41 | 46 | 86 | 40 | 87% |
| 9 | MO KANDEV 4.00 03/01/2050 | 4.000% | 03/01/50 | 21 | 58 | 37 | 176% |
| 10 | MS MDCEDU 5.00 06/01/2047 | 5.000% | 06/01/47 | 43 | 80 | 37 | 86% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 5/26/23 – 6/2/23
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | OK OKSWTR 4.00 04/01/2048 | 4.000% | 04/01/48 | 41 |
| 2 | AZ SALAGR 5.00 01/01/2047 | 5.000% | 01/01/47 | 40 |
| 3 | OK OKSWTR 4.13 04/01/2053 | 4.125% | 04/01/53 | 38 |
| 4 | PR PRCGEN 5.00 07/01/2058 | 5.000% | 07/01/58 | 37 |
| 5 | WV WVSMED 4.38 06/01/2053 | 4.380% | 06/01/53 | 37 |
| 6 | NY NYC 4.00 04/01/2050 | 4.000% | 04/01/50 | 36 |
| 7 | WI WIS 5.00 05/01/2034 | 5.000% | 05/01/34 | 35 |
| 8 | TX WACSCD 3.00 08/15/2052 | 3.000% | 08/15/52 | 34 |
| 9 | NY TRBTRN 5.00 11/15/2056 | 5.000% | 11/15/56 | 33 |
| 10 | NY TRBTRN 5.00 05/15/2057 | 5.000% | 05/15/57 | 32 |
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