Municipals
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Municipal Bond Market Summary:
Week Ending 9/15/23
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 9/8/23-9/15/23
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W | DEALERS |
| 1 | OH OHSHGR 3.80 12/01/2046 | 3.798% | 12/01/46 | 4.31% | 82.48 | 79.07 | 2 |
| 2 | CO COSEDU 4.00 12/01/2048 | 4.000% | 12/01/48 | 4.18% | 89.12 | 85.54 | 3 |
| 3 | MO SJHDEV 3.50 04/01/2034 | 3.500% | 04/01/34 | 3.84% | 97.58 | 93.97 | 3 |
| 4 | ND GRAMED 4.00 12/01/2051 | 4.000% | 12/01/51 | 3.67% | 79.72 | 76.90 | 5 |
| 5 | TX HOUAPT 4.00 07/01/2047 | 4.000% | 07/01/47 | 3.30% | 92.07 | 89.13 | 2 |
| 6 | MA MAL 2.00 09/15/2036 | 2.000% | 09/15/36 | 3.16% | 78.40 | 76.00 | 2 |
| 7 | PA PASHGR 2.97 08/15/2045 | 2.972% | 08/15/45 | 2.06% | 73.30 | 71.82 | 3 |
| 8 | CA SACSCD 4.00 08/01/2042 | 4.000% | 08/01/42 | 2.05% | 100.00 | 97.99 | 8 |
| 9 | TX LUBSCD 4.38 02/15/2053 | 4.375% | 02/15/53 | 1.97% | 99.66 | 97.73 | 7 |
| 10 | OH OHSHSG 4.00 03/01/2049 | 4.000% | 03/01/49 | 1.86% | 98.29 | 96.49 | 3 |
Bottom 10 Performers
Showcases the bottom 10 Muni Bond performers based on price movements between 9/8/23-9/15/23
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W | DEALERS |
| 1 | OR WASSCD 0.00 06/15/2041 | 0.000% | 06/15/41 | -4.96% | 41.60 | 43.78 | 6 |
| 2 | DC DISUTL 3.21 10/01/2048 | 3.207% | 10/01/48 | -4.79% | 70.45 | 73.99 | 6 |
| 3 | NJ BUT 3.75 09/01/2039 | 3.750% | 09/01/39 | -4.68% | 93.83 | 98.44 | 2 |
| 4 | OR WASSCD 0.00 06/15/2037 | 0.000% | 06/15/37 | -3.92% | 51.95 | 54.07 | 6 |
| 5 | NC NCSMED 4.00 11/01/2052 | 4.000% | 11/01/52 | -3.91% | 92.25 | 96.00 | 3 |
| 6 | MO MOSMED 3.63 11/15/2047 | 3.625% | 11/15/47 | -3.91% | 80.39 | 83.65 | 3 |
| 7 | NY NYSTRN 4.00 01/01/2046 | 4.000% | 01/01/46 | -3.89% | 93.29 | 97.06 | 8 |
| 8 | TX NRTTRN 4.00 01/01/2044 | 4.000% | 01/01/44 | -3.81% | 92.55 | 96.22 | 4 |
| 9 | PA CMNGEN 3.66 06/01/2038 | 3.657% | 06/01/38 | -3.75% | 83.88 | 87.15 | 6 |
| 10 | CA SCRSCD 3.00 07/01/2033 | 3.000% | 07/01/33 | -3.48% | 94.53 | 97.94 | 4 |
Top 10 State Performers
Showcases the top 10 Muni State performers based on yield movements between 9/8/23-9/15/23
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | MD | -25 bps | 3.70% | 3.95% |
| 2 | NE | -17 bps | 3.70% | 3.88% |
| 3 | CO | -12 bps | 4.14% | 4.27% |
| 4 | WV | -11 bps | 3.74% | 3.86% |
| 5 | NC | -11 bps | 3.27% | 3.38% |
| 6 | MS | -11 bps | 4.22% | 4.33% |
| 7 | MA | -8 bps | 3.79% | 3.87% |
| 8 | AZ | -8 bps | 3.77% | 3.85% |
| 9 | FL | -7 bps | 4.04% | 4.11% |
| 10 | TX | -7 bps | 3.98% | 4.05% |
Bottom 10 State Performers
Showcases the bottom 10 Muni State performers based on yield movements between 9/8/23-9/15/23
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | IL | 18 bps | 4.33% | 4.15% |
| 2 | MT | 18 bps | 3.80% | 3.62% |
| 3 | OH | 15 bps | 4.12% | 3.97% |
| 4 | GA | 15 bps | 3.69% | 3.54% |
| 5 | VA | 14 bps | 3.70% | 3.56% |
| 6 | KY | 13 bps | 3.81% | 3.69% |
| 7 | MI | 10 bps | 4.17% | 4.07% |
| 8 | ME | 9 bps | 3.99% | 3.90% |
| 9 | NM | 8 bps | 3.62% | 3.54% |
| 10 | WI | 8 bps | 4.17% | 4.09% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 9/8/23-9/15/23 (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 9/8/23-9/15/23 (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 9/8/23-9/15/23 (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 9/8/23-9/15/23
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 9/8/23 vs. the week ending 9/15/23
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | TX TBLSCD 5.00 02/15/2048 | 5.000% | 02/15/48 | 19 | 77 | 58 | 305% |
| 2 | NV CLA 4.00 06/01/2032 | 4.000% | 06/01/32 | 27 | 84 | 57 | 211% |
| 3 | AL BBEUTL 5.25 01/01/2054 | 5.250% | 01/01/54 | 15 | 70 | 55 | 367% |
| 4 | IL ILSGEN 5.25 05/15/2048 | 5.250% | 05/15/48 | 38 | 93 | 55 | 145% |
| 5 | CA UNVHGR 4.10 05/15/2047 | 4.104% | 05/15/47 | 5 | 60 | 55 | 1100% |
| 6 | CA FONSCD 3.00 08/01/2040 | 3.000% | 08/01/40 | 9 | 63 | 54 | 600% |
| 7 | CT CTS 5.00 11/15/2035 | 5.000% | 11/15/35 | 27 | 80 | 53 | 196% |
| 8 | CA CCEDEV 5.50 05/01/2054 | 5.500% | 05/01/54 | 25 | 77 | 52 | 208% |
| 9 | MD MDS 5.00 03/15/2030 | 5.000% | 03/15/30 | 49 | 100 | 51 | 104% |
| 10 | CA CCEDEV 5.00 02/01/2054 | 5.000% | 02/01/54 | 18 | 67 | 49 | 272% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 9/8/23 – 9/15/23
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | TX TRAMED 5.03 03/01/2033 | 5.030% | 03/01/33 | 37 |
| 2 | NY NYC 4.13 08/01/2053 | 4.125% | 08/01/53 | 36 |
| 3 | WI MLW 6.84 12/01/2028 | 6.840% | 12/01/28 | 34 |
| 4 | TX TRAMED 4.98 03/01/2031 | 4.980% | 03/01/31 | 33 |
| 5 | VA NORMED 4.00 11/01/2048 | 4.000% | 11/01/48 | 33 |
| 6 | TX CROSCD 4.25 02/01/2053 | 4.250% | 02/01/53 | 31 |
| 7 | FL MIATRN 2.53 10/01/2030 | 2.529% | 10/01/30 | 30 |
| 8 | NY MTATRN 4.75 11/15/2045 | 4.750% | 11/15/45 | 30 |
| 9 | CO COSMED 4.00 11/15/2048 | 4.000% | 11/15/48 | 28 |
| 10 | NY NYCFAC 5.00 07/15/2030 | 5.000% | 07/15/30 | 27 |
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