Municipals
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Municipal Bond Market Summary:
Week Ending 9/8/23
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 9/1/23-9/8/23
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W | DEALERS |
| 1 | MA MAL 2.00 09/15/2036 | 2.000% | 09/15/36 | 2.69% | 76.00 | 74.01 | 2 |
| 2 | CA PRTHGR 6.25 08/05/2046 | 6.250% | 08/05/46 | 2.48% | 95.90 | 93.58 | 3 |
| 3 | UT UTSSFH 6.00 07/01/2053 | 6.000% | 07/01/53 | 2.21% | 108.88 | 106.53 | 8 |
| 4 | TX FLSUTL 4.38 09/01/2042 | 4.380% | 09/01/42 | 2.06% | 98.74 | 96.74 | 5 |
| 5 | NY NYSENV 4.00 06/15/2049 | 4.000% | 06/15/49 | 2.04% | 96.22 | 94.30 | 4 |
| 6 | TX MSLSCD 4.00 02/15/2048 | 4.000% | 02/15/48 | 1.99% | 95.78 | 93.91 | 14 |
| 7 | IN FOREDU 5.00 07/15/2041 | 5.000% | 07/15/41 | 1.95% | 109.16 | 107.08 | 2 |
| 8 | MS MSSDEV 3.00 01/01/2028 | 3.000% | 01/01/28 | 1.92% | 97.41 | 95.58 | 2 |
| 9 | TX BLNSCD 4.00 02/15/2052 | 4.000% | 02/15/52 | 1.89% | 93.59 | 91.85 | 4 |
| 10 | DC METAPT 4.00 10/01/2053 | 4.000% | 10/01/53 | 1.84% | 91.81 | 90.16 | 2 |
Bottom 10 Performers
Showcases the bottom 10 Muni Bond performers based on price movements between 9/1/23-9/8/23
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W | DEALERS |
| 1 | AZ AZSHGR 3.16 07/01/2053 | 3.162% | 07/01/53 | -5.16% | 66.83 | 70.46 | 4 |
| 2 | CA RVRFAC 3.27 11/01/2045 | 3.265% | 11/01/45 | -4.87% | 71.45 | 75.11 | 5 |
| 3 | VA UNIHGR 2.26 09/01/2050 | 2.256% | 09/01/50 | -4.80% | 58.57 | 61.52 | 7 |
| 4 | NJ HUDGEN 4.00 10/01/2051 | 4.000% | 10/01/51 | -4.46% | 93.17 | 97.51 | 2 |
| 5 | CO PEAGEN 5.00 12/01/2051 | 5.000% | 12/01/51 | -4.30% | 84.39 | 88.19 | 12 |
| 6 | IL ILSGEN 4.00 08/01/2038 | 4.000% | 08/01/38 | -4.03% | 94.36 | 98.32 | 5 |
| 7 | IL CHI 6.03 01/01/2042 | 6.034% | 01/01/42 | -3.95% | 93.73 | 97.59 | 2 |
| 8 | CA UNVHGR 2.65 05/15/2050 | 2.650% | 05/15/50 | -3.92% | 60.93 | 63.41 | 6 |
| 9 | MI MISFIN 4.00 02/15/2050 | 4.000% | 02/15/50 | -3.90% | 89.90 | 93.54 | 5 |
| 10 | CO COSMED 4.00 11/15/2050 | 4.000% | 11/15/50 | -3.81% | 90.15 | 93.72 | 2 |
Top 10 State Performers
Showcases the top 10 Muni State performers based on yield movements between 9/1/23-9/8/23
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | FL | -14 bps | 4.10% | 4.24% |
| 2 | TN | -8 bps | 3.93% | 4.01% |
| 3 | MT | -6 bps | 3.59% | 3.64% |
| 4 | WV | -4 bps | 3.50% | 3.54% |
| 5 | SC | 2 bps | 3.79% | 3.77% |
| 6 | KS | 3 bps | 3.80% | 3.77% |
| 7 | OH | 4 bps | 3.96% | 3.92% |
| 8 | DC | 5 bps | 4.01% | 3.95% |
| 9 | IN | 6 bps | 3.94% | 3.88% |
| 10 | GA | 6 bps | 3.40% | 3.34% |
Bottom 10 State Performers
Showcases the bottom 10 Muni State performers based on yield movements between 9/1/23-9/8/23
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | AK | 39 bps | 3.65% | 3.26% |
| 2 | KY | 30 bps | 3.68% | 3.38% |
| 3 | MD | 29 bps | 3.91% | 3.62% |
| 4 | CO | 22 bps | 4.19% | 3.96% |
| 5 | CT | 21 bps | 3.85% | 3.64% |
| 6 | NE | 21 bps | 3.81% | 3.61% |
| 7 | MS | 20 bps | 4.28% | 4.08% |
| 8 | MO | 20 bps | 3.78% | 3.58% |
| 9 | DE | 19 bps | 3.35% | 3.17% |
| 10 | MN | 18 bps | 3.86% | 3.67% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 9/1/23-9/8/23 (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 9/1/23-9/8/23 (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 9/1/23-9/8/23 (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 9/1/23-9/8/23
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 9/1/23 vs. the week ending 9/8/23
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | FL HILMED 4.00 08/01/2055 | 4.000% | 08/01/55 | 20 | 87 | 67 | 335% |
| 2 | IL ILSGEN 4.00 08/15/2048 | 4.000% | 08/15/48 | 14 | 74 | 60 | 429% |
| 3 | TX BARSCD 4.00 02/15/2041 | 4.000% | 02/15/41 | 61 | 118 | 57 | 93% |
| 4 | NY NYSDEV 5.00 03/15/2024 | 5.000% | 03/15/24 | 2 | 52 | 50 | 2500% |
| 5 | NY NYSHGR 4.00 07/01/2044 | 4.000% | 07/01/44 | 10 | 55 | 45 | 450% |
| 6 | NY TRBTRN 4.00 11/15/2042 | 4.000% | 11/15/42 | 31 | 75 | 44 | 142% |
| 7 | NY NYCGEN 5.00 11/01/2024 | 5.000% | 11/01/24 | 20 | 63 | 43 | 215% |
| 8 | DC DISUTL 4.00 10/01/2051 | 4.000% | 10/01/51 | 8 | 51 | 43 | 538% |
| 9 | NM NMSTRN 5.00 06/15/2024 | 5.000% | 06/15/24 | 26 | 68 | 42 | 162% |
| 10 | TX TXSSFH 4.65 09/01/2042 | 4.650% | 09/01/42 | 21 | 59 | 38 | 181% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 9/1/23 – 9/8/23
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | TX TRAMED 5.03 03/01/2033 | 5.030% | 03/01/33 | 39 |
| 2 | NE NESSFH 5.86 09/01/2048 | 5.860% | 09/01/48 | 36 |
| 3 | TX TRAMED 4.98 03/01/2031 | 4.980% | 03/01/31 | 35 |
| 4 | MN RSMTRN 5.33 07/01/2053 | 5.330% | 07/01/53 | 33 |
| 5 | NJ MSXGEN 5.31 08/15/2047 | 5.310% | 08/15/47 | 32 |
| 6 | WI MLW 6.84 12/01/2028 | 6.840% | 12/01/28 | 32 |
| 7 | VA NORMED 4.00 11/01/2048 | 4.000% | 11/01/48 | 32 |
| 8 | PA PHIDEV 5.59 09/01/2041 | 5.590% | 09/01/41 | 31 |
| 9 | TX CROSCD 4.25 02/01/2053 | 4.250% | 02/01/53 | 30 |
| 10 | TX TXS 4.80 10/01/2034 | 4.800% | 10/01/34 | 30 |
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