Municipals
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Municipal Bond Market Summary:
Week Ending 6/9/23
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 6/2/23-6/9/23
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W | DEALERS |
| 1 | CA FOOTRN 4.09 01/15/2049 | 4.094% | 01/15/49 | 4.39% | 83.01 | 79.52 | 3 |
| 2 | VA VASFAC 2.25 11/01/2033 | 2.250% | 11/01/33 | 3.72% | 89.60 | 86.39 | 2 |
| 3 | FL UNIHGR 3.00 07/01/2051 | 3.000% | 07/01/51 | 3.71% | 74.93 | 72.26 | 6 |
| 4 | FL SMIMED 4.00 08/15/2042 | 4.000% | 08/15/42 | 3.65% | 96.76 | 93.35 | 6 |
| 5 | NY STD 3.00 05/01/2041 | 3.000% | 05/01/41 | 3.58% | 88.31 | 85.26 | 2 |
| 6 | NY NYCDEV 2.50 11/15/2036 | 2.500% | 11/15/36 | 3.48% | 84.52 | 81.68 | 6 |
| 7 | MS MSSSFH 3.25 12/01/2028 | 3.250% | 12/01/28 | 3.35% | 103.47 | 100.12 | 2 |
| 8 | CA LOSHGR 1.61 08/01/2028 | 1.606% | 08/01/28 | 2.99% | 88.12 | 85.56 | 6 |
| 9 | TX HTOSCD 3.25 08/01/2038 | 3.250% | 08/01/38 | 2.98% | 94.26 | 91.53 | 2 |
| 10 | CA UNIUTL 3.00 09/01/2038 | 3.000% | 09/01/38 | 2.92% | 90.78 | 88.20 | 2 |
Bottom 10 Performers
Showcases the bottom 10 Muni Bond performers based on price movements between 6/2/23-6/9/23
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W | DEALERS |
| 1 | PA USC 2.00 05/15/2032 | 2.000% | 05/15/32 | -4.65% | 84.97 | 89.11 | 2 |
| 2 | TX UNIHGR 5.13 08/15/2042 | 5.134% | 08/15/42 | -4.52% | 100.04 | 104.78 | 5 |
| 3 | IL ILSTRN 6.18 01/01/2034 | 6.184% | 01/01/34 | -4.45% | 102.66 | 107.44 | 5 |
| 4 | CA SFO 5.00 06/15/2045 | 5.000% | 06/15/45 | -3.51% | 96.37 | 99.88 | 16 |
| 5 | CT CTSHSG 4.00 11/15/2055 | 4.000% | 11/15/55 | -3.33% | 91.30 | 94.44 | 2 |
| 6 | VA HMRUTL 3.00 08/01/2036 | 3.000% | 08/01/36 | -3.23% | 91.30 | 94.36 | 3 |
| 7 | CA SFOHGR 3.17 06/15/2041 | 3.165% | 06/15/41 | -3.02% | 75.60 | 77.95 | 4 |
| 8 | CA SFOFAC 4.00 09/01/2048 | 4.000% | 09/01/48 | -2.97% | 79.90 | 82.34 | 3 |
| 9 | MI MISFIN 4.00 12/01/2049 | 4.000% | 12/01/49 | -2.92% | 93.85 | 96.68 | 13 |
| 10 | MI MISHSG 3.50 10/01/2054 | 3.500% | 10/01/54 | -2.84% | 78.18 | 80.47 | 7 |
Top 10 State Performers
Showcases the top 10 Muni State performers based on yield movements between 6/2/23-6/9/23
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | AL | -32 bps | 3.58% | 3.90% |
| 2 | WI | -31 bps | 3.71% | 4.03% |
| 3 | NC | -15 bps | 2.99% | 3.14% |
| 4 | GA | -12 bps | 3.19% | 3.31% |
| 5 | PA | -11 bps | 3.73% | 3.83% |
| 6 | WV | -10 bps | 3.07% | 3.17% |
| 7 | ME | -9 bps | 3.31% | 3.40% |
| 8 | NM | -8 bps | 3.43% | 3.51% |
| 9 | NV | -7 bps | 3.15% | 3.22% |
| 10 | MN | -5 bps | 3.36% | 3.40% |
Bottom 10 State Performers
Showcases the bottom 10 Muni State performers based on yield movements between 6/2/23-6/9/23
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | HI | 25 bps | 3.76% | 3.51% |
| 2 | MD | 23 bps | 3.36% | 3.14% |
| 3 | CT | 15 bps | 3.59% | 3.44% |
| 4 | IA | 14 bps | 3.60% | 3.46% |
| 5 | MO | 13 bps | 3.58% | 3.45% |
| 6 | MA | 13 bps | 3.61% | 3.48% |
| 7 | CO | 11 bps | 3.75% | 3.64% |
| 8 | DC | 11 bps | 3.99% | 3.88% |
| 9 | OK | 9 bps | 3.29% | 3.20% |
| 10 | ND | 9 bps | 3.48% | 3.39% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 6/2/23-6/9/23 (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 6/2/23-6/9/23 (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 6/2/23-6/9/23 (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 6/2/23-6/9/23
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 6/2/23 vs. the week ending 6/9/23
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | NY NYSHGR 4.00 03/15/2044 | 4.000% | 03/15/44 | 5 | 66 | 61 | 1220% |
| 2 | CA HAYSCD 4.00 08/01/2039 | 4.000% | 08/01/39 | 6 | 65 | 59 | 983% |
| 3 | CO COSMED 4.00 01/01/2037 | 4.000% | 01/01/37 | 23 | 81 | 58 | 252% |
| 4 | PA PASMED 4.00 10/15/2051 | 4.000% | 10/15/51 | 15 | 71 | 56 | 373% |
| 5 | CA CAS 7.50 04/01/2034 | 7.500% | 04/01/34 | 55 | 110 | 55 | 100% |
| 6 | NY NYSHGR 5.00 07/01/2044 | 5.000% | 07/01/44 | 13 | 68 | 55 | 423% |
| 7 | SC SCS 2.75 04/01/2032 | 2.750% | 04/01/32 | 13 | 64 | 51 | 392% |
| 8 | ID IDSMED 4.00 12/01/2043 | 4.000% | 12/01/43 | 5 | 56 | 51 | 1020% |
| 9 | NY TRBTRN 4.00 11/15/2047 | 4.000% | 11/15/47 | 5 | 52 | 47 | 940% |
| 10 | OR BNNSCD 5.00 06/15/2034 | 5.000% | 06/15/34 | 27 | 73 | 46 | 170% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 6/2/23 – 6/9/23
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | AZ SALAGR 5.00 01/01/2047 | 5.000% | 01/01/47 | 41 |
| 2 | WV WVSMED 4.38 06/01/2053 | 4.380% | 06/01/53 | 39 |
| 3 | PR PRCGEN 5.00 07/01/2058 | 5.000% | 07/01/58 | 37 |
| 4 | WI WIS 5.00 05/01/2034 | 5.000% | 05/01/34 | 35 |
| 5 | NY NYC 4.00 04/01/2050 | 4.000% | 04/01/50 | 35 |
| 6 | TX WACSCD 3.00 08/15/2052 | 3.000% | 08/15/52 | 34 |
| 7 | OK OKSWTR 4.13 04/01/2053 | 4.125% | 04/01/53 | 33 |
| 8 | PA PASTRN 4.00 12/01/2053 | 4.000% | 12/01/53 | 31 |
| 9 | NY TRBTRN 5.00 05/15/2057 | 5.000% | 05/15/57 | 31 |
| 10 | FL MANUTL 4.00 10/01/2053 | 4.000% | 10/01/53 | 31 |
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