Municipals
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Municipal Bond Market Summary:
Week Ending 6/23/23
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 6/16/23-6/23/23
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W | DEALERS |
| 1 | FL BROAPT 3.48 10/01/2043 | 3.477% | 10/01/43 | 5.01% | 82.86 | 78.90 | 3 |
| 2 | MI MISGEN 3.23 09/01/2047 | 3.225% | 09/01/47 | 4.50% | 79.69 | 76.26 | 3 |
| 3 | TX VENSCD 2.50 08/15/2033 | 2.500% | 08/15/33 | 4.35% | 90.44 | 86.67 | 2 |
| 4 | CO COSHSG 5.52 11/01/2048 | 5.520% | 11/01/48 | 4.12% | 104.85 | 100.70 | 3 |
| 5 | TX HARUTL 3.50 03/01/2042 | 3.500% | 03/01/42 | 3.87% | 87.86 | 84.58 | 2 |
| 6 | NJ HUD 2.00 11/15/2035 | 2.000% | 11/15/35 | 3.70% | 83.83 | 80.85 | 2 |
| 7 | CA LBTSCD 3.00 08/01/2035 | 3.000% | 08/01/35 | 3.15% | 99.37 | 96.34 | 8 |
| 8 | NJ WLWSCD 2.00 07/15/2032 | 2.000% | 07/15/32 | 2.98% | 86.81 | 84.30 | 2 |
| 9 | AR PULMED 5.25 03/01/2053 | 5.250% | 03/01/53 | 2.94% | 107.34 | 104.28 | 4 |
| 10 | FL GREAPT 4.00 10/01/2052 | 4.000% | 10/01/52 | 2.84% | 94.16 | 91.56 | 6 |
Bottom 10 Performers
Showcases the bottom 10 Muni Bond performers based on price movements between 6/16/23-6/23/23
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W | DEALERS |
| 1 | SD LINDEV 4.00 08/01/2056 | 4.000% | 08/01/56 | -2.55% | 78.40 | 80.45 | 2 |
| 2 | NJ MER 2.00 02/15/2030 | 2.000% | 02/15/30 | -2.34% | 89.69 | 91.84 | 3 |
| 3 | CA SDGFAC 5.00 05/15/2029 | 5.000% | 05/15/29 | -2.28% | 104.36 | 106.79 | 2 |
| 4 | MN MNSHSG 3.20 01/01/2033 | 3.200% | 01/01/33 | -2.23% | 93.58 | 95.71 | 2 |
| 5 | OR ORSGEN 3.32 04/01/2027 | 3.320% | 04/01/27 | -2.15% | 95.17 | 97.26 | 3 |
| 6 | IL CHITRN 1.87 01/01/2027 | 1.874% | 01/01/27 | -2.10% | 88.94 | 90.84 | 3 |
| 7 | PR PRCGEN 4.55 07/01/2040 | 4.550% | 07/01/40 | -2.06% | 78.44 | 80.09 | 3 |
| 8 | AZ TUCCTF 2.86 07/01/2047 | 2.856% | 07/01/47 | -2.03% | 71.87 | 73.36 | 5 |
| 9 | MN FOS 3.62 02/01/2033 | 3.620% | 02/01/33 | -1.95% | 100.52 | 102.51 | 4 |
| 10 | AL CGMMED 5.25 09/01/2047 | 5.250% | 09/01/47 | -1.92% | 107.44 | 109.54 | 3 |
Top 10 State Performers
Showcases the top 10 Muni State performers based on yield movements between 6/16/23-6/23/23
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | FL | -29 bps | 3.64% | 3.94% |
| 2 | OK | -20 bps | 3.19% | 3.39% |
| 3 | NH | -15 bps | 3.21% | 3.35% |
| 4 | DE | -14 bps | 3.14% | 3.28% |
| 5 | NM | -12 bps | 3.33% | 3.45% |
| 6 | HI | -11 bps | 3.94% | 4.05% |
| 7 | OH | -8 bps | 3.87% | 3.95% |
| 8 | MT | -8 bps | 3.26% | 3.34% |
| 9 | MN | -8 bps | 3.28% | 3.35% |
| 10 | KY | -7 bps | 3.43% | 3.50% |
Bottom 10 State Performers
Showcases the bottom 10 Muni State performers based on yield movements between 6/16/23-6/23/23
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | NE | 19 bps | 3.62% | 3.42% |
| 2 | SD | 19 bps | 3.74% | 3.55% |
| 3 | DC | 15 bps | 4.02% | 3.87% |
| 4 | AL | 9 bps | 3.61% | 3.53% |
| 5 | RI | 8 bps | 3.34% | 3.26% |
| 6 | UT | 8 bps | 3.52% | 3.45% |
| 7 | AZ | 7 bps | 3.43% | 3.36% |
| 8 | MD | 7 bps | 3.31% | 3.24% |
| 9 | MS | 7 bps | 4.15% | 4.09% |
| 10 | AR | 7 bps | 3.77% | 3.70% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 6/16/23-6/23/23 (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 6/16/23-6/23/23 (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 6/16/23-6/23/23 (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 6/16/23-6/23/23
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 6/16/23 vs. the week ending 6/23/23
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | CA CAS 5.25 10/01/2050 | 5.250% | 10/01/50 | 35 | 99 | 64 | 183% |
| 2 | CA CASFAC 5.00 11/01/2046 | 5.000% | 11/01/46 | 9 | 57 | 48 | 533% |
| 3 | CA SFOFAC 4.00 09/01/2048 | 4.000% | 09/01/48 | 27 | 72 | 45 | 167% |
| 4 | GA GAS 5.00 07/01/2033 | 5.000% | 07/01/33 | 22 | 65 | 43 | 195% |
| 5 | NJ NJSTRN 4.00 06/15/2045 | 4.000% | 06/15/45 | 41 | 82 | 41 | 100% |
| 6 | WA WAS 5.00 02/01/2048 | 5.000% | 02/01/48 | 24 | 65 | 41 | 171% |
| 7 | TX TAMHGR 5.00 07/01/2032 | 5.000% | 07/01/32 | 64 | 105 | 41 | 64% |
| 8 | TX GGTSCD 2.00 08/15/2034 | 2.000% | 08/15/34 | 12 | 52 | 40 | 333% |
| 9 | TN WMN 2.00 05/01/2041 | 2.000% | 05/01/41 | 12 | 52 | 40 | 333% |
| 10 | TN MRN 2.00 06/01/2036 | 2.000% | 06/01/36 | 12 | 52 | 40 | 333% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 6/16/23 – 6/23/23
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | AZ SALAGR 5.00 01/01/2047 | 5.000% | 01/01/47 | 39 |
| 2 | WV WVSMED 4.38 06/01/2053 | 4.380% | 06/01/53 | 38 |
| 3 | PR PRCGEN 5.00 07/01/2058 | 5.000% | 07/01/58 | 37 |
| 4 | TX FORSCD 4.00 08/15/2048 | 4.000% | 08/15/48 | 35 |
| 5 | FL MANUTL 4.00 10/01/2053 | 4.000% | 10/01/53 | 34 |
| 6 | DC DIS 4.00 02/01/2046 | 4.000% | 02/01/46 | 34 |
| 7 | TN MNVAPT 5.00 07/01/2049 | 5.000% | 07/01/49 | 34 |
| 8 | TX ANNSCD 4.12 02/15/2048 | 4.120% | 02/15/48 | 34 |
| 9 | TX CYSSCD 4.00 02/15/2043 | 4.000% | 02/15/43 | 31 |
| 10 | PA PASTRN 4.00 12/01/2053 | 4.000% | 12/01/53 | 30 |
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