Municipals
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Municipal Bond Market Summary:
Week Ending 9/22/23
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 9/15/23-9/22/23
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W | DEALERS |
| 1 | CT CARAPT 5.00 07/01/2049 | 5.000% | 07/01/49 | 2.64% | 99.56 | 97.00 | 6 |
| 2 | HI HISGEN 3.20 07/01/2039 | 3.200% | 07/01/39 | 2.56% | 66.69 | 65.03 | 7 |
| 3 | CA SDGAPT 4.00 07/01/2056 | 4.000% | 07/01/56 | 2.51% | 93.09 | 90.81 | 6 |
| 4 | NY NYSHSG 3.30 10/01/2047 | 3.300% | 10/01/47 | 2.07% | 82.88 | 81.21 | 2 |
| 5 | VA NEWWTR 2.00 07/15/2033 | 2.000% | 07/15/33 | 1.59% | 82.73 | 81.44 | 9 |
| 6 | CA ROCGEN 4.00 09/01/2043 | 4.000% | 09/01/43 | 1.52% | 98.87 | 97.38 | 5 |
| 7 | CA WINSCD 2.38 08/01/2036 | 2.375% | 08/01/36 | 1.51% | 80.19 | 79.00 | 3 |
| 8 | NY PUT 2.00 06/15/2030 | 2.000% | 06/15/30 | 1.50% | 89.04 | 87.73 | 2 |
| 9 | HI HISGEN 3.25 01/01/2025 | 3.250% | 01/01/25 | 1.49% | 66.92 | 65.94 | 7 |
| 10 | CA WCCSCD 4.00 08/01/2054 | 4.000% | 08/01/54 | 1.45% | 95.44 | 94.08 | 2 |
Bottom 10 Performers
Showcases the bottom 10 Muni Bond performers based on price movements between 9/15/23-9/22/23
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W | DEALERS |
| 1 | MD MDSMED 4.00 01/01/2051 | 4.000% | 01/01/51 | -5.72% | 80.10 | 84.97 | 2 |
| 2 | KY RACEDU 4.00 08/01/2040 | 4.000% | 08/01/40 | -5.34% | 91.82 | 97.00 | 2 |
| 3 | MO STL 3.25 02/15/2035 | 3.250% | 02/15/35 | -5.29% | 89.76 | 94.78 | 3 |
| 4 | IL OKLWTR 4.00 12/01/2047 | 4.000% | 12/01/47 | -5.02% | 90.97 | 95.77 | 2 |
| 5 | CA IRGFAC 4.00 09/01/2058 | 4.000% | 09/01/58 | -4.56% | 95.23 | 99.78 | 5 |
| 6 | WA SNO 3.00 12/01/2033 | 3.000% | 12/01/33 | -4.49% | 91.70 | 96.01 | 2 |
| 7 | AR SLOSCD 3.25 02/01/2036 | 3.250% | 02/01/36 | -4.40% | 92.74 | 97.02 | 2 |
| 8 | OH MRO 3.00 12/01/2030 | 3.000% | 12/01/30 | -4.36% | 93.81 | 98.09 | 2 |
| 9 | NY ALB 2.00 06/15/2034 | 2.000% | 06/15/34 | -4.21% | 79.14 | 82.62 | 2 |
| 10 | TX GREPWR 2.50 02/15/2051 | 2.500% | 02/15/51 | -4.18% | 60.29 | 62.92 | 2 |
Top 10 State Performers
Showcases the top 10 Muni State performers based on yield movements between 9/15/23-9/22/23
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | GA | -1 bps | 3.68% | 3.68% |
| 2 | OH | 1 bps | 4.15% | 4.14% |
| 3 | CO | 1 bps | 4.15% | 4.14% |
| 4 | MT | 2 bps | 3.81% | 3.79% |
| 5 | CA | 3 bps | 3.93% | 3.91% |
| 6 | CT | 3 bps | 3.96% | 3.93% |
| 7 | OR | 4 bps | 4.03% | 3.99% |
| 8 | IL | 4 bps | 4.36% | 4.32% |
| 9 | TN | 6 bps | 3.94% | 3.88% |
| 10 | AZ | 7 bps | 3.83% | 3.76% |
Bottom 10 State Performers
Showcases the bottom 10 Muni State performers based on yield movements between 9/15/23-9/22/23
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | IA | 32 bps | 4.24% | 3.91% |
| 2 | NJ | 32 bps | 4.15% | 3.83% |
| 3 | NE | 30 bps | 3.96% | 3.65% |
| 4 | VA | 30 bps | 4.00% | 3.70% |
| 5 | WV | 30 bps | 4.05% | 3.75% |
| 6 | DE | 29 bps | 3.34% | 3.05% |
| 7 | NH | 27 bps | 3.55% | 3.28% |
| 8 | NM | 26 bps | 3.88% | 3.62% |
| 9 | HI | 25 bps | 4.43% | 4.18% |
| 10 | KY | 24 bps | 4.05% | 3.81% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 9/15/23-9/22/23 (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 9/15/23-9/22/23 (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 9/15/23-9/22/23 (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 9/15/23-9/22/23
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 9/15/23 vs. the week ending 9/22/23
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | VA HRDTRN 5.00 07/01/2042 | 5.000% | 07/01/42 | 10 | 104 | 94 | 940% |
| 2 | NY NYSHGR 5.00 03/15/2042 | 5.000% | 03/15/42 | 10 | 94 | 84 | 840% |
| 3 | TX ARLEDU 4.50 08/15/2053 | 4.500% | 08/15/53 | 11 | 82 | 71 | 645% |
| 4 | NY HUYGEN 5.00 02/15/2042 | 5.000% | 02/15/42 | 24 | 90 | 66 | 275% |
| 5 | TX DVLSCD 4.00 06/15/2047 | 4.000% | 06/15/47 | 13 | 79 | 66 | 508% |
| 6 | NY NYC 4.00 08/01/2034 | 4.000% | 08/01/34 | 1 | 59 | 58 | 5800% |
| 7 | CA ALATRN 0.00 10/01/2035 | 0.000% | 10/01/35 | 7 | 64 | 57 | 814% |
| 8 | NY NYSHGR 5.00 03/15/2033 | 5.000% | 03/15/33 | 18 | 67 | 49 | 272% |
| 9 | CA CASWTR 5.00 12/01/2029 | 5.000% | 12/01/29 | 8 | 57 | 49 | 613% |
| 10 | TX DAL 5.00 02/15/2029 | 5.000% | 02/15/29 | 29 | 75 | 46 | 159% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 9/15/23 – 9/22/23
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | NY NYC 4.13 08/01/2053 | 4.125% | 08/01/53 | 40 |
| 2 | WI MLW 6.84 12/01/2028 | 6.840% | 12/01/28 | 36 |
| 3 | TX TRAMED 5.03 03/01/2033 | 5.030% | 03/01/33 | 35 |
| 4 | MA MAS 5.00 05/01/2053 | 5.000% | 05/01/53 | 33 |
| 5 | VA NORMED 4.00 11/01/2048 | 4.000% | 11/01/48 | 31 |
| 6 | TX TRAMED 4.98 03/01/2031 | 4.980% | 03/01/31 | 30 |
| 7 | FL MIATRN 2.53 10/01/2030 | 2.529% | 10/01/30 | 30 |
| 8 | TX CROSCD 4.25 02/01/2053 | 4.250% | 02/01/53 | 29 |
| 9 | AZ SALAGR 5.00 01/01/2047 | 5.000% | 01/01/47 | 28 |
| 10 | TX TRAMED 5.13 03/01/2034 | 5.130% | 03/01/34 | 28 |
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