Municipals
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Municipal Bond Market Summary:
Week Ending 7/28/23
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 7/21/23-7/28/23
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W | DEALERS |
| 1 | CA RIVOBG 3.86 06/01/2045 | 3.857% | 06/01/45 | 3.78% | 86.44 | 83.29 | 5 |
| 2 | CA CASHSG 3.38 12/01/2041 | 3.375% | 12/01/41 | 3.61% | 96.58 | 93.22 | 3 |
| 3 | CA CASEDU 4.00 07/01/2050 | 4.000% | 07/01/50 | 3.02% | 99.21 | 96.30 | 3 |
| 4 | PA PASHGR 4.00 09/01/2045 | 4.000% | 09/01/45 | 2.90% | 95.71 | 93.01 | 2 |
| 5 | OK OKSSFM 2.20 09/01/2030 | 2.200% | 09/01/30 | 2.80% | 92.06 | 89.55 | 2 |
| 6 | MN DULDEV 4.25 02/15/2048 | 4.250% | 02/15/48 | 2.68% | 97.75 | 95.20 | 9 |
| 7 | NC CHAAPT 3.00 07/01/2046 | 3.000% | 07/01/46 | 2.51% | 80.65 | 78.67 | 2 |
| 8 | PA SCTUTL 3.13 09/01/2041 | 3.125% | 09/01/41 | 2.25% | 85.40 | 83.52 | 3 |
| 9 | CA WHISCD 0.00 08/01/2034 | 0.000% | 08/01/34 | 2.24% | 65.90 | 64.46 | 2 |
| 10 | IN NOBSCD 3.00 07/15/2035 | 3.000% | 07/15/35 | 2.21% | 95.90 | 93.82 | 3 |
Bottom 10 Performers
Showcases the bottom 10 Muni Bond performers based on price movements between 7/21/23-7/28/23
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W | DEALERS |
| 1 | NC DUR 1.25 06/01/2033 | 1.250% | 06/01/33 | -4.35% | 78.51 | 82.08 | 6 |
| 2 | OH UTOHGR 4.26 06/01/2044 | 4.258% | 06/01/44 | -3.98% | 85.35 | 88.89 | 2 |
| 3 | TX HARUTL 2.25 09/01/2039 | 2.250% | 09/01/39 | -3.73% | 71.65 | 74.42 | 2 |
| 4 | TX SHDSCD 3.50 02/15/2049 | 3.500% | 02/15/49 | -3.72% | 87.05 | 90.42 | 3 |
| 5 | NJ ATC 7.50 03/01/2040 | 7.500% | 03/01/40 | -3.71% | 116.43 | 120.91 | 7 |
| 6 | NY NYSHSG 3.05 11/01/2036 | 3.050% | 11/01/36 | -3.19% | 88.34 | 91.25 | 3 |
| 7 | WA CWUHGR 6.95 05/01/2040 | 6.950% | 05/01/40 | -3.18% | 110.42 | 114.05 | 6 |
| 8 | PA HEMSCD 2.00 04/15/2030 | 2.000% | 04/15/30 | -2.97% | 88.81 | 91.52 | 3 |
| 9 | PA PASDEV 3.13 03/15/2036 | 3.125% | 03/15/36 | -2.94% | 89.62 | 92.34 | 2 |
| 10 | CO COSEDU 4.00 09/01/2046 | 4.000% | 09/01/46 | -2.87% | 95.59 | 98.41 | 4 |
Top 10 State Performers
Showcases the top 10 Muni State performers based on yield movements between 7/21/23-7/28/23
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | HI | -24 bps | 3.86% | 4.10% |
| 2 | FL | -13 bps | 3.64% | 3.76% |
| 3 | AK | -12 bps | 3.03% | 3.16% |
| 4 | MA | -7 bps | 3.49% | 3.56% |
| 5 | SD | -2 bps | 3.58% | 3.60% |
| 6 | VA | -2 bps | 3.53% | 3.55% |
| 7 | DE | -1 bps | 3.28% | 3.30% |
| 8 | AL | -1 bps | 3.90% | 3.91% |
| 9 | CA | -1 bps | 3.59% | 3.59% |
| 10 | NY | 0 bps | 3.48% | 3.49% |
Bottom 10 State Performers
Showcases the bottom 10 Muni State performers based on yield movements between 7/21/23-7/28/23
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | OH | 31 bps | 3.76% | 3.45% |
| 2 | KY | 30 bps | 3.56% | 3.27% |
| 3 | CO | 29 bps | 4.12% | 3.83% |
| 4 | MS | 24 bps | 3.64% | 3.40% |
| 5 | AZ | 24 bps | 3.64% | 3.40% |
| 6 | RI | 20 bps | 3.25% | 3.04% |
| 7 | NJ | 19 bps | 3.67% | 3.48% |
| 8 | MD | 15 bps | 3.45% | 3.31% |
| 9 | NM | 14 bps | 3.45% | 3.31% |
| 10 | NH | 14 bps | 3.13% | 2.98% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 7/21/23-7/28/23 (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 7/21/23-7/28/23 (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 7/21/23-7/28/23 (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 7/21/23-7/28/23
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 7/21/23 vs. the week ending 7/28/23
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | CA SRVFAC 4.00 08/01/2050 | 4.000% | 08/01/50 | 13 | 67 | 54 | 415% |
| 2 | PA PEAGEN 5.25 06/30/2036 | 5.250% | 06/30/36 | 16 | 69 | 53 | 331% |
| 3 | CA LMSSCD 4.00 08/01/2041 | 4.000% | 08/01/41 | 10 | 60 | 50 | 500% |
| 4 | CA VENSCD 4.00 08/01/2052 | 4.000% | 08/01/52 | 8 | 57 | 49 | 613% |
| 5 | CA CASGEN 4.00 06/01/2046 | 4.000% | 06/01/46 | 5 | 53 | 48 | 960% |
| 6 | IN INSFIN 5.25 02/01/2035 | 5.250% | 02/01/35 | 30 | 78 | 48 | 160% |
| 7 | DC DISGEN 5.00 10/01/2030 | 5.000% | 10/01/30 | 5 | 50 | 45 | 900% |
| 8 | CA CAS 4.00 11/01/2040 | 4.000% | 11/01/40 | 14 | 58 | 44 | 314% |
| 9 | CT CTS 5.30 10/01/2029 | 5.295% | 10/01/29 | 79 | 122 | 43 | 54% |
| 10 | CA SGRSCD 4.00 08/01/2055 | 4.000% | 08/01/55 | 22 | 65 | 43 | 195% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 7/21/23 – 7/28/23
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | NY TRBTRN 5.00 11/15/2030 | 5.000% | 11/15/30 | 37 |
| 2 | NY NYCHSG 5.44 02/01/2039 | 5.440% | 02/01/39 | 36 |
| 3 | NY TRBTRN 4.00 11/15/2047 | 4.000% | 11/15/47 | 35 |
| 4 | NY NYTTRN 6.97 06/30/2051 | 6.970% | 06/30/51 | 34 |
| 5 | TX TXSSFH 5.50 03/01/2044 | 5.500% | 03/01/44 | 34 |
| 6 | OH RSOGEN 5.62 12/01/2043 | 5.620% | 12/01/43 | 33 |
| 7 | FL WELFAC 5.55 01/01/2053 | 5.550% | 01/01/53 | 33 |
| 8 | MN MNSHSG 5.53 07/01/2048 | 5.530% | 07/01/48 | 33 |
| 9 | MN MNSHSG 5.41 07/01/2038 | 5.410% | 07/01/38 | 32 |
| 10 | MN MNSHSG 5.47 07/01/2043 | 5.470% | 07/01/43 | 32 |
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