Municipals
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Municipal Bond Market Summary:
Week Ending 7/7/23
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 6/30/23-7/7/23
RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W | DEALERS |
1 | TX FORWTR 1.13 04/01/2032 | 1.125% | 04/01/32 | 3.59% | 78.96 | 76.22 | 2 |
2 | GA GAS 4.15 02/01/2035 | 4.150% | 02/01/35 | 3.20% | 98.21 | 95.17 | 5 |
3 | CO COSHSG 5.51 11/01/2033 | 5.510% | 11/01/33 | 2.84% | 103.72 | 100.85 | 4 |
4 | OH UTOHGR 4.26 06/01/2044 | 4.258% | 06/01/44 | 2.80% | 88.87 | 86.45 | 3 |
5 | CA GSDEV 2.50 12/01/2030 | 2.500% | 12/01/30 | 2.75% | 89.23 | 86.84 | 3 |
6 | UT WASSCD 1.25 03/01/2032 | 1.250% | 03/01/32 | 2.58% | 81.17 | 79.12 | 10 |
7 | ME MESMED 5.00 07/01/2032 | 5.000% | 07/01/32 | 2.57% | 115.06 | 112.18 | 3 |
8 | UT WASSCD 1.50 03/01/2034 | 1.500% | 03/01/34 | 2.48% | 79.40 | 77.48 | 10 |
9 | TX DNN 2.00 02/15/2034 | 2.000% | 02/15/34 | 2.42% | 84.25 | 82.26 | 11 |
10 | AR CABSCD 4.12 02/01/2048 | 4.120% | 02/01/48 | 2.39% | 99.68 | 97.35 | 4 |
Bottom 10 Performers
Showcases the bottom 10 Muni Bond performers based on price movements between 6/30/23-7/7/23
RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W | DEALERS |
1 | NY STD 3.00 05/01/2041 | 3.000% | 05/01/41 | -5.70% | 84.44 | 89.54 | 2 |
2 | CA PLCFAC 4.88 10/01/2038 | 4.875% | 10/01/38 | -4.99% | 92.80 | 97.67 | 4 |
3 | TX TAMHGR 3.10 07/01/2049 | 3.100% | 07/01/49 | -3.76% | 73.70 | 76.58 | 2 |
4 | MI MISHGR 4.17 08/15/2122 | 4.165% | 08/15/22 | -3.58% | 77.39 | 80.26 | 7 |
5 | NY NYSTRN 3.50 01/01/2042 | 3.500% | 01/01/42 | -3.38% | 81.39 | 84.24 | 5 |
6 | CA UNVHGR 3.01 05/15/2050 | 3.006% | 05/15/50 | -3.27% | 69.03 | 71.36 | 6 |
7 | IL CHITRN 4.00 12/01/2050 | 4.000% | 12/01/50 | -3.19% | 92.04 | 95.07 | 6 |
8 | TX ANNSCD 4.00 02/15/2042 | 4.000% | 02/15/42 | -3.14% | 99.61 | 102.84 | 5 |
9 | WA WASMED 4.00 07/01/2036 | 4.000% | 07/01/36 | -3.13% | 95.21 | 98.28 | 3 |
10 | FL FLSHSG 3.20 07/01/2030 | 3.200% | 07/01/30 | -3.10% | 97.01 | 100.11 | 2 |
Top 10 State Performers
Showcases the top 10 Muni State performers based on yield movements between 6/30/23-7/7/23
RANK | STATE | CHANGE | YLD | YLD-1W |
1 | NV | -12 bps | 3.43% | 3.56% |
2 | IN | -11 bps | 3.43% | 3.54% |
3 | MD | -9 bps | 3.22% | 3.31% |
4 | KS | -6 bps | 3.58% | 3.65% |
5 | DE | -5 bps | 3.04% | 3.09% |
6 | ME | -5 bps | 3.42% | 3.47% |
7 | NY | -4 bps | 3.53% | 3.57% |
8 | HI | -3 bps | 4.20% | 4.23% |
9 | PA | -3 bps | 3.73% | 3.76% |
10 | LA | -2 bps | 3.58% | 3.59% |
Bottom 10 State Performers
Showcases the bottom 10 Muni State performers based on yield movements between 6/30/23-7/7/23
RANK | STATE | CHANGE | YLD | YLD-1W |
1 | NH | 22 bps | 3.42% | 3.21% |
2 | CO | 21 bps | 4.01% | 3.79% |
3 | RI | 20 bps | 3.34% | 3.14% |
4 | MS | 20 bps | 4.35% | 4.16% |
5 | OR | 14 bps | 3.87% | 3.73% |
6 | GA | 14 bps | 3.46% | 3.32% |
7 | AZ | 13 bps | 3.65% | 3.52% |
8 | AR | 13 bps | 3.88% | 3.75% |
9 | MA | 13 bps | 3.59% | 3.46% |
10 | AL | 10 bps | 3.71% | 3.61% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 6/30/23-7/7/23 (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 6/30/23-7/7/23 (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 6/30/23-7/7/23 (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 6/30/23-7/7/23

Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 6/30/23 vs. the week ending 7/7/23
RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
1 | CA CAS 5.25 09/01/2047 | 5.250% | 09/01/47 | 6 | 67 | 61 | 1017% |
2 | IL ILSGEN 5.00 08/15/2029 | 5.000% | 08/15/29 | 6 | 52 | 46 | 767% |
3 | OR CLA 1.88 06/01/2039 | 1.875% | 06/01/39 | 9 | 49 | 40 | 444% |
4 | OR CLA 1.88 06/01/2040 | 1.875% | 06/01/40 | 9 | 47 | 38 | 422% |
5 | WI NGLSCD 1.75 04/01/2035 | 1.750% | 04/01/35 | 7 | 45 | 38 | 543% |
6 | TX CDP 1.63 02/15/2035 | 1.625% | 02/15/35 | 11 | 45 | 34 | 309% |
7 | TX CDP 1.75 02/15/2036 | 1.750% | 02/15/36 | 9 | 43 | 34 | 378% |
8 | TX CDP 1.75 02/15/2037 | 1.750% | 02/15/37 | 9 | 43 | 34 | 378% |
9 | TX CDP 1.88 02/15/2038 | 1.875% | 02/15/38 | 9 | 43 | 34 | 378% |
10 | TX CDP 1.88 02/15/2039 | 1.875% | 02/15/39 | 9 | 43 | 34 | 378% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 6/30/23 – 7/7/23
RANK | TRANCHE | COUPON | MATURITY | DEALERS |
1 | TX FORSCD 4.00 08/15/2048 | 4.000% | 08/15/48 | 35 |
2 | PA PASSFH 5.46 04/01/2037 | 5.460% | 04/01/37 | 35 |
3 | DC DIS 4.00 02/01/2046 | 4.000% | 02/01/46 | 34 |
4 | WV WVSMED 4.38 06/01/2053 | 4.380% | 06/01/53 | 34 |
5 | NV NVSSFH 5.62 10/01/2043 | 5.620% | 10/01/43 | 34 |
6 | TX ANNSCD 4.12 02/15/2048 | 4.120% | 02/15/48 | 34 |
7 | MN MNSHSG 5.53 07/01/2048 | 5.530% | 07/01/48 | 33 |
8 | TX TXSSFH 5.50 03/01/2044 | 5.500% | 03/01/44 | 33 |
9 | TN MNVAPT 5.00 07/01/2049 | 5.000% | 07/01/49 | 33 |
10 | AZ SALAGR 5.00 01/01/2047 | 5.000% | 01/01/47 | 33 |
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