Municipals
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Municipal Bond Market Summary:
Week Ending 8/4/23
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 7/28/23-8/4/23
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W | DEALERS |
| 1 | TX CTXGEN 3.13 01/01/2036 | 3.125% | 01/01/36 | 1.61% | 89.61 | 88.18 | 2 |
| 2 | CA LOSAPT 4.00 05/15/2051 | 4.000% | 05/15/51 | 1.41% | 96.20 | 94.86 | 5 |
| 3 | MO MOSMED 3.00 06/01/2053 | 3.000% | 06/01/53 | 1.37% | 73.41 | 72.42 | 7 |
| 4 | TX UHTHGR 5.00 02/15/2040 | 5.000% | 02/15/40 | 1.31% | 111.30 | 109.86 | 3 |
| 5 | VA LDN 3.13 12/01/2031 | 3.125% | 12/01/31 | 1.28% | 99.89 | 98.63 | 3 |
| 6 | AZ AZSMED 5.00 02/01/2043 | 5.000% | 02/01/43 | 1.26% | 101.31 | 100.05 | 2 |
| 7 | CA JEFSCD 0.00 08/01/2038 | 0.000% | 08/01/38 | 1.22% | 105.45 | 104.18 | 2 |
| 8 | CA TAHSCD 3.38 08/01/2035 | 3.375% | 08/01/35 | 1.20% | 99.53 | 98.35 | 2 |
| 9 | NY MTATRN 5.00 11/15/2038 | 5.000% | 11/15/38 | 1.16% | 101.53 | 100.37 | 2 |
| 10 | FL SUCEDU 3.25 07/01/2028 | 3.250% | 07/01/28 | 1.13% | 99.64 | 98.52 | 2 |
Bottom 10 Performers
Showcases the bottom 10 Muni Bond performers based on price movements between 7/28/23-8/4/23
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W | DEALERS |
| 1 | CA ELKEDU 3.00 02/01/2037 | 3.000% | 02/01/37 | -7.07% | 91.07 | 98.00 | 8 |
| 2 | IA IASGEN 5.00 05/15/2048 | 5.000% | 05/15/48 | -6.79% | 76.79 | 82.38 | 4 |
| 3 | PA CMNGEN 2.99 06/01/2042 | 2.991% | 06/01/42 | -6.53% | 70.66 | 75.60 | 2 |
| 4 | NH NHSMED 4.00 07/01/2037 | 4.000% | 07/01/37 | -6.25% | 87.73 | 93.58 | 7 |
| 5 | MD MDSFAC 2.96 05/01/2046 | 2.955% | 05/01/46 | -5.82% | 69.44 | 73.73 | 6 |
| 6 | TX ELP 3.00 08/15/2047 | 3.000% | 08/15/47 | -5.79% | 74.78 | 79.37 | 6 |
| 7 | HI HISGEN 3.20 07/01/2039 | 3.200% | 07/01/39 | -5.72% | 82.81 | 87.84 | 18 |
| 8 | NY PORTRN 4.82 06/01/2045 | 4.823% | 06/01/45 | -5.24% | 90.19 | 95.17 | 7 |
| 9 | NY NYCGEN 3.00 11/01/2039 | 3.000% | 11/01/39 | -5.22% | 84.91 | 89.59 | 9 |
| 10 | FL MIAUTL 3.49 10/01/2042 | 3.490% | 10/01/42 | -5.07% | 76.59 | 80.68 | 2 |
Top 10 State Performers
Showcases the top 10 Muni State performers based on yield movements between 7/28/23-8/4/23
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | VA | -18 bps | 3.35% | 3.53% |
| 2 | DE | -17 bps | 3.11% | 3.28% |
| 3 | NC | -17 bps | 3.34% | 3.51% |
| 4 | AZ | -14 bps | 3.50% | 3.64% |
| 5 | ID | -7 bps | 3.25% | 3.32% |
| 6 | GA | -6 bps | 3.73% | 3.79% |
| 7 | CO | -4 bps | 4.07% | 4.11% |
| 8 | KY | -4 bps | 3.52% | 3.56% |
| 9 | DC | 0 bps | 4.02% | 4.02% |
| 10 | NJ | 4 bps | 3.71% | 3.67% |
Bottom 10 State Performers
Showcases the bottom 10 Muni State performers based on yield movements between 7/28/23-8/4/23
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | HI | 47 bps | 4.33% | 3.86% |
| 2 | OH | 41 bps | 4.17% | 3.76% |
| 3 | IA | 32 bps | 3.88% | 3.56% |
| 4 | KS | 30 bps | 3.88% | 3.58% |
| 5 | OR | 29 bps | 4.00% | 3.71% |
| 6 | PA | 25 bps | 3.90% | 3.65% |
| 7 | UT | 23 bps | 3.85% | 3.63% |
| 8 | MN | 23 bps | 3.58% | 3.36% |
| 9 | AK | 22 bps | 3.26% | 3.04% |
| 10 | NV | 22 bps | 3.54% | 3.33% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 7/28/23-8/4/23 (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 7/28/23-8/4/23 (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 7/28/23-8/4/23 (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 7/28/23-8/4/23
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 7/28/23 vs. the week ending 8/4/23
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | NY UTLUTL 5.00 12/15/2037 | 5.000% | 12/15/37 | 5 | 111 | 106 | 2120% |
| 2 | NY NYCUTL 5.00 06/15/2038 | 5.000% | 06/15/38 | 15 | 116 | 101 | 673% |
| 3 | NY NYCFAC 5.00 07/15/2036 | 5.000% | 07/15/36 | 15 | 114 | 99 | 660% |
| 4 | NY NYSHGR 5.00 03/15/2031 | 5.000% | 03/15/31 | 18 | 115 | 97 | 539% |
| 5 | CA LOSAPT 5.00 05/15/2046 | 5.000% | 05/15/46 | 3 | 64 | 61 | 2033% |
| 6 | AK AKMBBK 1.73 12/01/2028 | 1.731% | 12/01/28 | 13 | 70 | 57 | 438% |
| 7 | CA LOSAPT 5.00 05/15/2040 | 5.000% | 05/15/40 | 38 | 89 | 51 | 134% |
| 8 | MA UMAFAC 5.00 11/01/2040 | 5.000% | 11/01/40 | 10 | 59 | 49 | 490% |
| 9 | SC CHA 2.00 11/01/2038 | 2.000% | 11/01/38 | 1 | 44 | 43 | 4300% |
| 10 | NY NYTTRN 4.25 09/01/2035 | 4.248% | 09/01/35 | 10 | 51 | 41 | 410% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 7/28/23 – 8/4/23
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | NY NYCHSG 5.44 02/01/2039 | 5.440% | 02/01/39 | 39 |
| 2 | NY TRBTRN 5.00 11/15/2030 | 5.000% | 11/15/30 | 37 |
| 3 | NY NYSHSG 5.46 10/01/2043 | 5.460% | 10/01/43 | 36 |
| 4 | NY TRBTRN 4.00 11/15/2047 | 4.000% | 11/15/47 | 35 |
| 5 | NJ MSXGEN 5.31 08/15/2047 | 5.310% | 08/15/47 | 34 |
| 6 | NY NYTTRN 6.97 06/30/2051 | 6.970% | 06/30/51 | 34 |
| 7 | TX TXSSFH 5.50 03/01/2044 | 5.500% | 03/01/44 | 34 |
| 8 | PA PHIDEV 5.59 09/01/2041 | 5.590% | 09/01/41 | 34 |
| 9 | MN MNSHSG 5.53 07/01/2048 | 5.530% | 07/01/48 | 33 |
| 10 | FL WELFAC 5.55 01/01/2053 | 5.550% | 01/01/53 | 33 |
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