Municipals
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Municipal Bond Market Summary:
Week Ending 8/11/23
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 8/4/23-8/11/23
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W | DEALERS |
| 1 | MA MINHGR 2.00 04/15/2034 | 2.000% | 04/15/34 | 4.04% | 86.49 | 83.13 | 2 |
| 2 | IL BER 3.84 12/01/2050 | 3.840% | 12/01/50 | 3.78% | 76.55 | 73.76 | 5 |
| 3 | IL CHIUTL 6.90 01/01/2040 | 6.900% | 01/01/40 | 3.71% | 111.68 | 107.69 | 5 |
| 4 | CA CVASCD 3.00 08/01/2036 | 3.000% | 08/01/36 | 3.53% | 92.29 | 89.14 | 2 |
| 5 | CA PCTGEN 4.25 10/01/2053 | 4.250% | 10/01/53 | 3.52% | 99.43 | 96.05 | 4 |
| 6 | CA BMTGEN 2.65 09/01/2035 | 2.645% | 09/01/35 | 3.36% | 76.83 | 74.33 | 2 |
| 7 | CA CA CHUGEN 0.151 06/01/2022 2.91 06/01/2045 | 2.905% | 06/01/45 | 3.35% | 66.55 | 64.39 | 6 |
| 8 | OK SSPUTL 3.70 01/01/2042 | 3.700% | 01/01/42 | 3.20% | 91.81 | 88.96 | 2 |
| 9 | NE NESSFH 4.60 09/01/2053 | 4.600% | 09/01/53 | 3.14% | 100.20 | 97.14 | 3 |
| 10 | CA CASHGR 5.21 11/01/2039 | 5.210% | 11/01/39 | 3.12% | 100.17 | 97.14 | 4 |
Bottom 10 Performers
Showcases the bottom 10 Muni Bond performers based on price movements between 8/4/23-8/11/23
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W | DEALERS |
| 1 | TX IRV 2.68 09/15/2036 | 2.680% | 09/15/36 | -4.86% | 74.75 | 78.57 | 5 |
| 2 | MN MNSHGR 4.94 10/01/2050 | 4.937% | 10/01/50 | -4.85% | 81.91 | 86.08 | 6 |
| 3 | MN UNIHGR 4.05 04/01/2052 | 4.048% | 04/01/52 | -3.94% | 84.51 | 87.97 | 4 |
| 4 | CA CASGEN 4.00 08/15/2051 | 4.000% | 08/15/51 | -3.52% | 93.01 | 96.40 | 2 |
| 5 | MI NAPSCD 3.25 05/01/2037 | 3.250% | 05/01/37 | -3.50% | 90.85 | 94.15 | 2 |
| 6 | MO KANGEN 3.13 04/01/2034 | 3.125% | 04/01/34 | -3.41% | 92.89 | 96.16 | 2 |
| 7 | TX UNIHGR 5.00 08/15/2049 | 5.000% | 08/15/49 | -3.33% | 112.68 | 116.56 | 2 |
| 8 | CA BAYTRN 3.13 04/01/2055 | 3.126% | 04/01/55 | -3.31% | 67.59 | 69.91 | 7 |
| 9 | IN NHKSCD 3.00 07/15/2035 | 3.000% | 07/15/35 | -3.21% | 93.85 | 96.96 | 2 |
| 10 | PA PASDEV 3.00 10/01/2036 | 3.000% | 10/01/36 | -3.08% | 85.33 | 88.04 | 2 |
Top 10 State Performers
Showcases the top 10 Muni State performers based on yield movements between 8/4/23-8/11/23
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | KS | -26 bps | 3.60% | 3.86% |
| 2 | RI | -24 bps | 3.35% | 3.59% |
| 3 | OH | -23 bps | 3.94% | 4.17% |
| 4 | HI | -22 bps | 4.13% | 4.35% |
| 5 | SD | -20 bps | 3.48% | 3.67% |
| 6 | NE | -18 bps | 3.55% | 3.72% |
| 7 | MN | -13 bps | 3.44% | 3.57% |
| 8 | PA | -12 bps | 3.77% | 3.89% |
| 9 | KY | -11 bps | 3.44% | 3.54% |
| 10 | DC | -10 bps | 3.94% | 4.04% |
Bottom 10 State Performers
Showcases the bottom 10 Muni State performers based on yield movements between 8/4/23-8/11/23
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | VA | 18 bps | 3.53% | 3.35% |
| 2 | CO | 18 bps | 4.26% | 4.08% |
| 3 | SC | 17 bps | 3.79% | 3.61% |
| 4 | TN | 14 bps | 3.76% | 3.62% |
| 5 | AK | 9 bps | 3.32% | 3.23% |
| 6 | WI | 5 bps | 3.84% | 3.79% |
| 7 | FL | 1 bps | 3.92% | 3.91% |
| 8 | MS | 1 bps | 3.83% | 3.82% |
| 9 | DE | 0 bps | 3.09% | 3.09% |
| 10 | WV | -1 bps | 3.30% | 3.30% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 8/4/23-8/11/23 (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 8/4/23-8/11/23 (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 8/4/23-8/11/23 (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 8/4/23-8/11/23
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 8/4/23 vs. the week ending 8/11/23
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | NY NYSDEV 4.00 03/15/2042 | 4.000% | 03/15/42 | 17 | 75 | 58 | 341% |
| 2 | MO LITUTL 6.20 09/01/2030 | 6.200% | 09/01/30 | 5 | 50 | 45 | 900% |
| 3 | UT UNIHGR 4.00 08/01/2051 | 4.000% | 08/01/51 | 10 | 51 | 41 | 410% |
| 4 | TN METHGR 4.05 07/01/2026 | 4.053% | 07/01/26 | 22 | 60 | 38 | 173% |
| 5 | VA NORMED 4.00 11/01/2048 | 4.000% | 11/01/48 | 114 | 151 | 37 | 32% |
| 6 | TN METUTL 4.00 07/01/2046 | 4.000% | 07/01/46 | 30 | 67 | 37 | 123% |
| 7 | CA MRNHGR 2.01 08/01/2033 | 2.010% | 08/01/33 | 4 | 40 | 36 | 900% |
| 8 | NY NYSPWR 4.00 11/15/2045 | 4.000% | 11/15/45 | 44 | 80 | 36 | 82% |
| 9 | VA VASFAC 5.00 08/01/2034 | 5.000% | 08/01/34 | 5 | 40 | 35 | 700% |
| 10 | CA CAS 4.00 10/01/2050 | 4.000% | 10/01/50 | 14 | 49 | 35 | 250% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 8/4/23 – 8/11/23
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | NY NYCHSG 5.44 02/01/2039 | 5.440% | 02/01/39 | 38 |
| 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 | NJ MSXGEN 5.31 08/15/2047 | 5.310% | 08/15/47 | 35 |
| 5 | PA PHIDEV 5.59 09/01/2041 | 5.590% | 09/01/41 | 34 |
| 6 | NY TRBTRN 4.00 11/15/2047 | 4.000% | 11/15/47 | 34 |
| 7 | TX TRAMED 5.03 03/01/2033 | 5.030% | 03/01/33 | 33 |
| 8 | FL WELFAC 5.55 01/01/2053 | 5.550% | 01/01/53 | 33 |
| 9 | MN MNSHSG 5.67 07/01/2043 | 5.670% | 07/01/43 | 33 |
| 10 | OH BUCGEN 5.00 06/01/2055 | 5.000% | 06/01/55 | 32 |
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