Municipals
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Municipal Bond Market Summary:
Week Ending 8/25/23
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 8/18/23-8/25/23
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W | DEALERS |
| 1 | TX TXS 5.24 10/01/2043 | 5.240% | 10/01/43 | 3.66% | 100.75 | 97.20 | 12 |
| 2 | TX ARL 3.40 08/15/2035 | 3.400% | 08/15/35 | 3.03% | 99.99 | 97.05 | 3 |
| 3 | PA PASTRN 5.51 12/01/2045 | 5.511% | 12/01/45 | 3.00% | 103.79 | 100.77 | 6 |
| 4 | OH AMEPWR 8.08 02/15/2050 | 8.084% | 02/15/50 | 2.84% | 132.45 | 128.79 | 7 |
| 5 | NY MTATRN 5.18 11/15/2049 | 5.175% | 11/15/49 | 2.75% | 91.73 | 89.28 | 7 |
| 6 | GA GASHSG 3.70 06/01/2049 | 3.700% | 06/01/49 | 2.69% | 90.55 | 88.17 | 13 |
| 7 | WI PUBFAC 4.25 07/01/2054 | 4.250% | 07/01/54 | 2.69% | 69.34 | 67.52 | 4 |
| 8 | OK OKSCTT 3.75 06/01/2048 | 3.750% | 06/01/48 | 2.53% | 87.95 | 85.78 | 2 |
| 9 | PA PSUHGR 2.84 09/01/2050 | 2.840% | 09/01/50 | 2.37% | 68.83 | 67.24 | 2 |
| 10 | CT NWW 2.00 03/15/2034 | 2.000% | 03/15/34 | 2.36% | 85.39 | 83.42 | 2 |
Bottom 10 Performers
Showcases the bottom 10 Muni Bond performers based on price movements between 8/18/23-8/25/23
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W | DEALERS |
| 1 | NY NYSHSG 3.30 10/01/2047 | 3.300% | 10/01/47 | -6.10% | 78.67 | 83.78 | 2 |
| 2 | TX NRTTRN 4.00 01/01/2043 | 4.000% | 01/01/43 | -5.65% | 93.09 | 98.67 | 5 |
| 3 | TX TXSHSG 3.90 07/01/2044 | 3.900% | 07/01/44 | -5.61% | 90.44 | 95.81 | 6 |
| 4 | GA FULDEV 3.00 07/01/2044 | 3.000% | 07/01/44 | -5.58% | 73.77 | 78.13 | 2 |
| 5 | CA CASFAC 4.00 11/01/2049 | 4.000% | 11/01/49 | -5.39% | 92.23 | 97.49 | 5 |
| 6 | OK OKSPWR 4.00 01/01/2047 | 4.000% | 01/01/47 | -5.25% | 94.75 | 100.00 | 3 |
| 7 | NY NYCGEN 4.00 08/01/2048 | 4.000% | 08/01/48 | -4.87% | 93.35 | 98.13 | 5 |
| 8 | LA LASFAC 4.00 05/15/2042 | 4.000% | 05/15/42 | -4.76% | 89.56 | 94.04 | 3 |
| 9 | MO JASCTF 3.00 10/15/2031 | 3.000% | 10/15/31 | -4.57% | 90.37 | 94.69 | 4 |
| 10 | WI PUBMED 5.00 02/01/2033 | 5.000% | 02/01/33 | -4.38% | 92.47 | 96.71 | 3 |
Top 10 State Performers
Showcases the top 10 Muni State performers based on yield movements between 8/18/23-8/25/23
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | HI | -32 bps | 4.06% | 4.38% |
| 2 | TN | -24 bps | 3.61% | 3.85% |
| 3 | NE | -19 bps | 3.57% | 3.77% |
| 4 | CO | -15 bps | 4.25% | 4.40% |
| 5 | IA | -14 bps | 3.77% | 3.91% |
| 6 | GA | -13 bps | 3.37% | 3.50% |
| 7 | NM | -10 bps | 3.61% | 3.71% |
| 8 | UT | -6 bps | 3.81% | 3.86% |
| 9 | OR | -5 bps | 3.87% | 3.93% |
| 10 | NH | -5 bps | 3.22% | 3.27% |
Bottom 10 State Performers
Showcases the bottom 10 Muni State performers based on yield movements between 8/18/23-8/25/23
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | MO | 48 bps | 4.03% | 3.55% |
| 2 | DE | 30 bps | 3.55% | 3.24% |
| 3 | AK | 28 bps | 3.60% | 3.32% |
| 4 | MD | 19 bps | 3.82% | 3.63% |
| 5 | DC | 19 bps | 4.06% | 3.87% |
| 6 | WV | 18 bps | 3.73% | 3.55% |
| 7 | MS | 15 bps | 4.08% | 3.93% |
| 8 | NC | 13 bps | 3.73% | 3.59% |
| 9 | ME | 13 bps | 3.81% | 3.67% |
| 10 | SC | 13 bps | 3.95% | 3.82% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 8/18/23-8/25/23 (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 8/18/23-8/25/23 (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 8/18/23-8/25/23 (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 8/18/23-8/25/23
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 8/18/23 vs. the week ending 8/25/23
| RANK | BOND NAME | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | MD PRI 5.00 09/15/2026 | 5.000% | 09/15/26 | 33 | 103 | 70 | 212% |
| 2 | MA MASEDU 1.95 02/15/2031 | 1.950% | 02/15/31 | 2 | 71 | 69 | 3450% |
| 3 | CA IRGFAC 5.25 09/01/2053 | 5.250% | 09/01/53 | 10 | 60 | 50 | 500% |
| 4 | KY NKUHGR 3.43 09/01/2050 | 3.427% | 09/01/50 | 2 | 50 | 48 | 2400% |
| 5 | NY TRBTRN 5.00 11/15/2034 | 5.000% | 11/15/34 | 20 | 66 | 46 | 230% |
| 6 | NY NYSHGR 5.00 07/01/2034 | 5.000% | 07/01/34 | 35 | 80 | 45 | 129% |
| 7 | NJ NJSHSG 5.00 07/01/2044 | 5.000% | 07/01/44 | 30 | 75 | 45 | 150% |
| 8 | CA UNVHGR 5.00 05/15/2032 | 5.000% | 05/15/32 | 20 | 63 | 43 | 215% |
| 9 | CA SFOCTF 4.00 04/01/2029 | 4.000% | 04/01/29 | 1 | 44 | 43 | 4300% |
| 10 | TX AUSPWR 5.25 11/15/2053 | 5.250% | 11/15/53 | 12 | 54 | 42 | 350% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 8/18/23 – 8/25/23
| RANK | BOND NAME | COUPON | MATURITY | DEALERS |
| 1 | TX TRAMED 5.03 03/01/2033 | 5.030% | 03/01/33 | 38 |
| 2 | NY NYCHSG 5.44 02/01/2039 | 5.440% | 02/01/39 | 36 |
| 3 | NY MTATRN 4.75 11/15/2045 | 4.750% | 11/15/45 | 35 |
| 4 | TX TRAMED 4.98 03/01/2031 | 4.980% | 03/01/31 | 34 |
| 5 | NJ MSXGEN 5.31 08/15/2047 | 5.310% | 08/15/47 | 34 |
| 6 | PA PHIDEV 5.59 09/01/2041 | 5.590% | 09/01/41 | 34 |
| 7 | NY NYSHSG 5.46 10/01/2043 | 5.460% | 10/01/43 | 34 |
| 8 | MN RSMTRN 5.33 07/01/2053 | 5.330% | 07/01/53 | 32 |
| 9 | WI MLW 6.84 12/01/2028 | 6.840% | 12/01/28 | 32 |
| 10 | MN RSMTRN 5.23 07/01/2043 | 5.230% | 07/01/43 | 31 |
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