Municipals
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Municipal Bond Market Summary:
Week Ending 7/21/23
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 7/14/23-7/21/23
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W | DEALERS |
| 1 | CA COVGEN 3.00 08/01/2046 | 3.001% | 08/01/46 | 4.75% | 70.43 | 67.23 | 2 |
| 2 | FL MIAGEN 2.54 10/01/2033 | 2.536% | 10/01/33 | 4.46% | 80.84 | 77.39 | 5 |
| 3 | TX NPWUTL 5.00 09/15/2051 | 5.000% | 09/15/51 | 4.38% | 91.38 | 87.55 | 3 |
| 4 | OH CINWTR 2.73 12/01/2046 | 2.726% | 12/01/46 | 4.25% | 72.88 | 69.91 | 6 |
| 5 | KS KSSDEV 4.93 04/15/2045 | 4.927% | 04/15/45 | 3.95% | 98.74 | 94.98 | 3 |
| 6 | PR PRC 4.00 07/01/2046 | 4.000% | 07/01/46 | 3.82% | 85.43 | 82.28 | 15 |
| 7 | MO MOSMED 4.00 01/01/2045 | 4.000% | 01/01/45 | 3.64% | 98.31 | 94.86 | 5 |
| 8 | FL SOUMED 4.00 05/01/2048 | 4.000% | 05/01/48 | 3.46% | 97.68 | 94.42 | 10 |
| 9 | PA CMNGEN 2.99 06/01/2042 | 2.991% | 06/01/42 | 3.44% | 75.89 | 73.37 | 3 |
| 10 | KS TOPUTL 2.25 08/01/2029 | 2.250% | 08/01/29 | 3.19% | 92.93 | 90.05 | 2 |
Bottom 10 Performers
Showcases the bottom 10 Muni Bond performers based on price movements between 7/14/23-7/21/23
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W | DEALERS |
| 1 | MI UNVHGR 2.44 04/01/2040 | 2.437% | 04/01/40 | -2.67% | 72.93 | 74.93 | 9 |
| 2 | FL PSLOBL 4.81 05/01/2038 | 4.810% | 05/01/38 | -2.17% | 96.61 | 98.75 | 2 |
| 3 | NY NYCGEN 3.30 02/01/2029 | 3.300% | 02/01/29 | -2.05% | 92.22 | 94.15 | 2 |
| 4 | CT CTSHSG 1.65 11/15/2032 | 1.650% | 11/15/32 | -1.84% | 82.19 | 83.73 | 3 |
| 5 | TX MIDMED 6.34 05/15/2029 | 6.340% | 05/15/29 | -1.83% | 102.44 | 104.35 | 7 |
| 6 | CA SFO 4.60 06/15/2037 | 4.600% | 06/15/37 | -1.79% | 96.02 | 97.77 | 5 |
| 7 | CA LOSUTL 6.60 07/01/2050 | 6.603% | 07/01/50 | -1.56% | 122.09 | 124.03 | 7 |
| 8 | PA QUASCD 2.00 08/01/2029 | 2.000% | 08/01/29 | -1.49% | 90.43 | 91.79 | 2 |
| 9 | HI HIS 5.20 10/01/2032 | 5.201% | 10/01/32 | -1.47% | 103.44 | 104.99 | 2 |
| 10 | MA MASEDU 2.77 10/15/2030 | 2.766% | 10/15/30 | -1.27% | 86.76 | 87.87 | 3 |
Top 10 State Performers
Showcases the top 10 Muni State performers based on yield movements between 7/14/23-7/21/23
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | MS | -46 bps | 3.40% | 3.86% |
| 2 | DE | -31 bps | 3.32% | 3.63% |
| 3 | CT | -28 bps | 3.27% | 3.56% |
| 4 | AZ | -24 bps | 3.38% | 3.62% |
| 5 | VA | -22 bps | 3.45% | 3.67% |
| 6 | SC | -20 bps | 3.37% | 3.57% |
| 7 | NM | -18 bps | 3.31% | 3.49% |
| 8 | KS | -15 bps | 3.45% | 3.60% |
| 9 | OR | -15 bps | 3.66% | 3.81% |
| 10 | PA | -13 bps | 3.62% | 3.74% |
Bottom 10 State Performers
Showcases the bottom 10 Muni State performers based on yield movements between 7/14/23-7/21/23
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | GA | 35 bps | 3.74% | 3.39% |
| 2 | NC | 26 bps | 3.54% | 3.29% |
| 3 | AK | 17 bps | 3.16% | 2.98% |
| 4 | NE | 17 bps | 3.48% | 3.31% |
| 5 | DC | 14 bps | 3.97% | 3.83% |
| 6 | IN | 11 bps | 3.49% | 3.38% |
| 7 | MA | 10 bps | 3.56% | 3.47% |
| 8 | SD | 8 bps | 3.60% | 3.52% |
| 9 | MD | 7 bps | 3.31% | 3.24% |
| 10 | ME | 5 bps | 3.25% | 3.20% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 7/14/23-7/21/23 (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 7/14/23-7/21/23 (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 7/14/23-7/21/23 (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 7/14/23-7/21/23
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 7/14/23 vs. the week ending 7/21/23
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | CA CAS 4.00 11/01/2029 | 4.000% | 11/01/29 | 16 | 88 | 72 | 450% |
| 2 | PA MONHGR 4.00 05/01/2056 | 4.000% | 05/01/56 | 26 | 84 | 58 | 223% |
| 3 | CA SJSDEV 5.00 08/01/2034 | 5.000% | 08/01/34 | 10 | 59 | 49 | 490% |
| 4 | CA TULUTL 4.00 11/15/2041 | 4.000% | 11/15/41 | 46 | 92 | 46 | 100% |
| 5 | MI MISFIN 4.00 11/15/2046 | 4.000% | 11/15/46 | 19 | 63 | 44 | 232% |
| 6 | NY NYSHGR 5.00 03/15/2024 | 5.000% | 03/15/24 | 21 | 64 | 43 | 205% |
| 7 | AZ AZSEDU 5.00 07/01/2049 | 5.000% | 07/01/49 | 25 | 68 | 43 | 172% |
| 8 | CA SACPWR 5.00 08/15/2027 | 5.000% | 08/15/27 | 9 | 52 | 43 | 478% |
| 9 | CA SDTSCD 4.00 08/01/2042 | 4.000% | 08/01/42 | 44 | 86 | 42 | 95% |
| 10 | TX HARTRN 4.00 08/15/2048 | 4.000% | 08/15/48 | 5 | 46 | 41 | 820% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 7/14/23 – 7/21/23
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | NY TRBTRN 4.00 11/15/2047 | 4.000% | 11/15/47 | 37 |
| 2 | TX TXSSFH 5.50 03/01/2044 | 5.500% | 03/01/44 | 37 |
| 3 | PA PASSFH 5.46 04/01/2037 | 5.460% | 04/01/37 | 35 |
| 4 | NY TRBTRN 5.00 11/15/2030 | 5.000% | 11/15/30 | 35 |
| 5 | PR PRCGEN 5.00 07/01/2058 | 5.000% | 07/01/58 | 34 |
| 6 | PA PHIDEV 5.59 09/01/2041 | 5.590% | 09/01/41 | 34 |
| 7 | NY NYTTRN 6.97 06/30/2051 | 6.970% | 06/30/51 | 34 |
| 8 | NV NVSSFH 5.62 10/01/2043 | 5.620% | 10/01/43 | 34 |
| 9 | MN MNSHSG 5.53 07/01/2048 | 5.530% | 07/01/48 | 33 |
| 10 | OH RSOGEN 5.62 12/01/2043 | 5.620% | 12/01/43 | 33 |
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