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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