Municipals
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Municipal Bond Market Summary:
Week Ending 10/6/23
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 9/29/23-10/6/23
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W | DEALERS |
| 1 | VT UVTHGR 4.00 10/01/2040 | 4.000% | 10/01/40 | 3.97% | 94.08 | 90.49 | 11 |
| 2 | TX GTGFAC 4.00 03/01/2046 | 4.000% | 03/01/46 | 3.97% | 85.93 | 82.65 | 13 |
| 3 | HI HISGEN 4.00 03/01/2037 | 4.000% | 03/01/37 | 3.61% | 72.07 | 69.56 | 4 |
| 4 | MN HOP 3.00 02/01/2031 | 3.000% | 02/01/31 | 3.39% | 91.81 | 88.80 | 2 |
| 5 | CA CASSCD 5.00 07/01/2043 | 5.000% | 07/01/43 | 2.93% | 96.82 | 94.06 | 2 |
| 6 | CA PRTHGR 3.50 08/01/2034 | 3.500% | 08/01/34 | 2.80% | 92.42 | 89.90 | 2 |
| 7 | OK GRRPWR 3.60 06/01/2039 | 3.600% | 06/01/39 | 2.72% | 86.44 | 84.15 | 2 |
| 8 | MO KANUTL 4.00 01/01/2040 | 4.000% | 01/01/40 | 2.65% | 93.23 | 90.83 | 11 |
| 9 | CA PALSCD 4.63 08/01/2053 | 4.625% | 08/01/53 | 2.62% | 97.29 | 94.81 | 6 |
| 10 | IL KENSCD 4.00 01/01/2028 | 4.000% | 01/01/28 | 2.58% | 103.19 | 100.60 | 2 |
Bottom 10 Performers
Showcases the bottom 10 Muni Bond performers based on price movements between 9/29/23-10/6/23
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W | DEALERS |
| 1 | WA WASMED 4.00 08/01/2044 | 4.000% | 08/01/44 | -10.58% | 82.81 | 92.61 | 4 |
| 2 | TN MEM 3.45 06/01/2035 | 3.450% | 06/01/35 | -9.25% | 87.85 | 96.80 | 2 |
| 3 | TX SGRSCD 4.00 08/15/2047 | 4.000% | 08/15/47 | -8.80% | 87.79 | 96.27 | 2 |
| 4 | GA GAIMED 4.00 02/15/2037 | 4.000% | 02/15/37 | -8.73% | 87.87 | 96.28 | 3 |
| 5 | KS TOPUTL 4.00 08/01/2041 | 4.000% | 08/01/41 | -8.47% | 90.48 | 98.86 | 9 |
| 6 | NY NYC 3.00 08/01/2036 | 3.000% | 08/01/36 | -8.26% | 81.27 | 88.59 | 2 |
| 7 | WA WAS 4.00 07/01/2041 | 4.000% | 07/01/41 | -7.85% | 90.90 | 98.65 | 7 |
| 8 | NY NYCDEV 3.00 09/15/2043 | 3.000% | 09/15/43 | -7.75% | 71.30 | 77.29 | 5 |
| 9 | WI WISMED 4.00 08/15/2048 | 4.000% | 08/15/48 | -7.64% | 81.95 | 88.72 | 5 |
| 10 | PA ALL 4.00 11/01/2049 | 4.000% | 11/01/49 | -7.63% | 85.10 | 92.13 | 2 |
Top 10 State Performers
Showcases the top 10 Muni State performers based on yield movements between 9/29/23-10/6/23
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | CT | -28 bps | 4.20% | 4.48% |
| 2 | NM | -21 bps | 3.88% | 4.10% |
| 3 | ME | -16 bps | 4.12% | 4.29% |
| 4 | NH | -15 bps | 3.99% | 4.14% |
| 5 | HI | -10 bps | 4.50% | 4.61% |
| 6 | DC | -7 bps | 4.30% | 4.37% |
| 7 | ND | -7 bps | 4.17% | 4.23% |
| 8 | CO | -6 bps | 4.34% | 4.39% |
| 9 | FL | -4 bps | 4.35% | 4.39% |
| 10 | TX | -3 bps | 4.29% | 4.31% |
Bottom 10 State Performers
Showcases the bottom 10 Muni State performers based on yield movements between 9/29/23-10/6/23
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | RI | 28 bps | 4.27% | 3.99% |
| 2 | GA | 26 bps | 4.06% | 3.79% |
| 3 | VA | 23 bps | 4.42% | 4.18% |
| 4 | IA | 22 bps | 4.56% | 4.34% |
| 5 | DE | 22 bps | 3.86% | 3.64% |
| 6 | LA | 15 bps | 4.48% | 4.33% |
| 7 | MD | 15 bps | 4.28% | 4.13% |
| 8 | MA | 15 bps | 4.44% | 4.29% |
| 9 | OK | 14 bps | 4.45% | 4.31% |
| 10 | NE | 11 bps | 4.32% | 4.21% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 9/29/23-10/6/23 (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 9/29/23-10/6/23 (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 9/29/23-10/6/23 (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 9/29/23-10/6/23
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 9/29/23 vs. the week ending 10/6/23
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | NY NYSHGR 4.00 07/01/2035 | 4.000% | 07/01/35 | 28 | 156 | 128 | 457% |
| 2 | NY NYSHGR 4.00 07/01/2035 | 4.000% | 07/01/35 | 19 | 144 | 125 | 658% |
| 3 | NY NYCGEN 4.00 08/01/2035 | 4.000% | 08/01/35 | 38 | 154 | 116 | 305% |
| 4 | NY NYSHGR 5.00 07/01/2039 | 5.000% | 07/01/39 | 25 | 139 | 114 | 456% |
| 5 | NY NYSHGR 4.00 07/01/2034 | 4.000% | 07/01/34 | 22 | 124 | 102 | 464% |
| 6 | NY DUTDEV 5.00 07/01/2048 | 5.000% | 07/01/48 | 20 | 112 | 92 | 460% |
| 7 | NY NYSHGR 4.00 02/15/2035 | 4.000% | 02/15/35 | 19 | 108 | 89 | 468% |
| 8 | NE OMAPWR 4.00 02/01/2051 | 4.000% | 02/01/51 | 27 | 103 | 76 | 281% |
| 9 | CO DENAPT 5.00 11/15/2033 | 5.000% | 11/15/33 | 5 | 79 | 74 | 1480% |
| 10 | OR ORS 5.00 05/01/2029 | 5.000% | 05/01/29 | 17 | 87 | 70 | 412% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 9/29/23 – 10/6/23
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | TX CROSCD 4.25 02/01/2053 | 4.250% | 02/01/53 | 35 |
| 2 | NY NYSHGR 4.00 07/01/2035 | 4.000% | 07/01/35 | 35 |
| 3 | NY BUFTRN 5.00 01/01/2047 | 5.000% | 01/01/47 | 35 |
| 4 | NY NYC 4.13 08/01/2053 | 4.125% | 08/01/53 | 35 |
| 5 | WI MLW 6.84 12/01/2028 | 6.840% | 12/01/28 | 34 |
| 6 | NY NYCGEN 4.00 08/01/2035 | 4.000% | 08/01/35 | 34 |
| 7 | AZ SALAGR 5.00 01/01/2047 | 5.000% | 01/01/47 | 33 |
| 8 | OH BUCGEN 5.00 06/01/2055 | 5.000% | 06/01/55 | 33 |
| 9 | NY NYSHGR 4.00 07/01/2035 | 4.000% | 07/01/35 | 32 |
| 10 | OH OHSHGR 5.00 12/01/2033 | 5.000% | 12/01/33 | 32 |
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