Municipals
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Municipal Bond Market Summary:
Week Ending 9/29/23
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 9/22/23-9/29/23
RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W | DEALERS |
1 | CA ANASCD 0.00 08/01/2028 | 0.000% | 08/01/28 | 3.19% | 83.66 | 81.07 | 2 |
2 | NJ MAYSCD 4.00 07/15/2038 | 4.000% | 07/15/38 | 2.97% | 99.16 | 96.29 | 3 |
3 | NE DOUMED 5.00 11/15/2034 | 5.000% | 11/15/34 | 2.64% | 103.91 | 101.23 | 3 |
4 | CA ALATRN 0.00 10/01/2027 | 0.000% | 10/01/27 | 2.35% | 80.98 | 79.12 | 4 |
5 | TX DALAPT 1.73 11/01/2027 | 1.732% | 11/01/27 | 1.37% | 87.96 | 86.77 | 9 |
6 | MD MDSTRN 6.65 07/01/2032 | 6.650% | 07/01/32 | 1.30% | 104.54 | 103.20 | 8 |
7 | NY NYC 2.73 08/01/2029 | 2.730% | 08/01/29 | 1.29% | 87.59 | 86.48 | 9 |
8 | TX HID 4.04 08/15/2030 | 4.044% | 08/15/30 | 1.27% | 93.09 | 91.92 | 7 |
9 | CA CASEDU 4.00 11/01/2045 | 4.000% | 11/01/45 | 1.23% | 95.12 | 93.96 | 6 |
10 | WA SPO 3.00 12/01/2032 | 3.000% | 12/01/32 | 1.17% | 91.92 | 90.86 | 2 |
Bottom 10 Performers
Showcases the bottom 10 Muni Bond performers based on price movements between 9/22/23-9/29/23
RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W | DEALERS |
1 | NY NYCDEV 2.88 11/15/2046 | 2.875% | 11/15/46 | -9.17% | 67.75 | 74.60 | 4 |
2 | UT UTSHGR 4.00 06/01/2046 | 4.000% | 06/01/46 | -8.89% | 84.63 | 92.88 | 2 |
3 | IN CRAEDU 2.25 07/15/2036 | 2.250% | 07/15/36 | -8.57% | 76.51 | 83.68 | 2 |
4 | PA PASTRN 4.00 12/01/2051 | 4.000% | 12/01/51 | -8.16% | 84.49 | 92.00 | 4 |
5 | AZ AZSMED 4.00 02/01/2050 | 4.000% | 02/01/50 | -8.07% | 83.56 | 90.89 | 4 |
6 | MA MASDEV 4.00 07/01/2042 | 4.000% | 07/01/42 | -7.98% | 90.20 | 98.02 | 4 |
7 | MD UMDHGR 3.00 04/01/2032 | 3.000% | 04/01/32 | -7.62% | 88.11 | 95.39 | 3 |
8 | MI MISFIN 4.00 12/01/2049 | 4.000% | 12/01/49 | -7.49% | 82.40 | 89.07 | 20 |
9 | PA UPKSCD 3.50 11/15/2042 | 3.500% | 11/15/42 | -7.46% | 79.87 | 86.31 | 2 |
10 | PA DUBMED 4.00 07/15/2050 | 4.000% | 07/15/50 | -7.37% | 81.64 | 88.14 | 14 |
Top 10 State Performers
Showcases the top 10 Muni State performers based on yield movements between 9/22/23-9/29/23
RANK | STATE | CHANGE | YLD | YLD-1W |
1 | AK | 8 bps | 3.89% | 3.81% |
2 | WI | 8 bps | 4.44% | 4.36% |
3 | IA | 12 bps | 4.38% | 4.26% |
4 | GA | 12 bps | 3.80% | 3.68% |
5 | DC | 12 bps | 4.38% | 4.26% |
6 | AL | 13 bps | 4.21% | 4.08% |
7 | TX | 15 bps | 4.31% | 4.16% |
8 | WA | 16 bps | 4.24% | 4.07% |
9 | NM | 17 bps | 4.05% | 3.89% |
10 | OH | 17 bps | 4.32% | 4.15% |
Bottom 10 State Performers
Showcases the bottom 10 Muni State performers based on yield movements between 9/22/23-9/29/23
RANK | STATE | CHANGE | YLD | YLD-1W |
1 | NH | 59 bps | 4.14% | 3.55% |
2 | KS | 57 bps | 4.50% | 3.92% |
3 | MD | 56 bps | 4.13% | 3.58% |
4 | CT | 52 bps | 4.48% | 3.96% |
5 | NC | 49 bps | 4.01% | 3.52% |
6 | VA | 46 bps | 4.24% | 3.78% |
7 | NJ | 46 bps | 4.59% | 4.14% |
8 | ME | 45 bps | 4.29% | 3.84% |
9 | MA | 42 bps | 4.29% | 3.87% |
10 | TN | 42 bps | 4.35% | 3.94% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 9/22/23-9/29/23 (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 9/22/23-9/29/23 (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 9/22/23-9/29/23 (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 9/22/23-9/29/23
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 9/22/23 vs. the week ending 9/29/23
RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
1 | NY MTATRN 5.00 11/15/2046 | 5.000% | 11/15/46 | 28 | 114 | 86 | 307% |
2 | NY LSLPWR 5.00 09/01/2046 | 5.000% | 09/01/46 | 15 | 101 | 86 | 573% |
3 | NY NYCUTL 5.00 06/15/2047 | 5.000% | 06/15/47 | 15 | 101 | 86 | 573% |
4 | MA MAS 5.00 05/01/2053 | 5.000% | 05/01/53 | 84 | 165 | 81 | 96% |
5 | OH OHSMED 5.00 01/15/2046 | 5.000% | 01/15/46 | 10 | 83 | 73 | 730% |
6 | NY BUFTRN 5.00 01/01/2047 | 5.000% | 01/01/47 | 35 | 105 | 70 | 200% |
7 | NE OMAPWR 5.25 02/01/2052 | 5.250% | 02/01/52 | 9 | 72 | 63 | 700% |
8 | NJ NJSMED 5.25 07/01/2057 | 5.250% | 07/01/57 | 38 | 100 | 62 | 163% |
9 | MA MASTRN 5.25 07/01/2053 | 5.250% | 07/01/53 | 40 | 101 | 61 | 153% |
10 | TX FTWUTL 4.13 02/15/2046 | 4.125% | 02/15/46 | 47 | 103 | 56 | 119% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 9/22/23 – 9/29/23
RANK | TRANCHE | COUPON | MATURITY | DEALERS |
1 | NY NYC 4.13 08/01/2053 | 4.125% | 08/01/53 | 36 |
2 | WI MLW 6.84 12/01/2028 | 6.840% | 12/01/28 | 36 |
3 | TX CROSCD 4.25 02/01/2053 | 4.250% | 02/01/53 | 35 |
4 | MA MAS 5.00 05/01/2053 | 5.000% | 05/01/53 | 33 |
5 | TX TRAMED 5.03 03/01/2033 | 5.030% | 03/01/33 | 33 |
6 | OH BUCGEN 5.00 06/01/2055 | 5.000% | 06/01/55 | 33 |
7 | OH OHSHGR 5.00 12/01/2033 | 5.000% | 12/01/33 | 32 |
8 | VA NORMED 4.00 11/01/2048 | 4.000% | 11/01/48 | 31 |
9 | AZ SALAGR 5.00 01/01/2047 | 5.000% | 01/01/47 | 31 |
10 | FL MIATRN 2.53 10/01/2030 | 2.529% | 10/01/30 | 30 |
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