Municipals

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Municipal Bond Market Summary:
Week Ending 11/24/23

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 11/17/23-11/24/23

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W DEALERS
1 WI DAN 3.50 06/01/2034 3.500% 06/01/34 7.24% 97.95 91.34 2
2 PA PASTRN 4.00 12/01/2037 4.000% 12/01/37 7.20% 99.61 92.92 2
3 NY NYCUTL 4.00 06/15/2042 4.000% 06/15/42 7.17% 98.48 91.90 14
4 NY NYSTRN 3.00 01/01/2051 3.000% 01/01/51 6.46% 71.43 67.10 10
5 NV LAS 4.00 03/01/2053 4.000% 03/01/53 6.37% 92.88 87.32 12
6 TX WAXSCD 4.00 08/15/2045 4.000% 08/15/45 6.28% 92.56 87.09 6
7 CT CTS 3.00 01/15/2035 3.000% 01/15/35 6.22% 91.34 85.99 5
8 NY PORTRN 4.00 07/15/2040 4.000% 07/15/40 6.12% 99.92 94.16 2
9 WA SEAPWR 4.00 07/01/2038 4.000% 07/01/38 5.98% 100.39 94.73 4
10 PA PASTRN 4.00 12/01/2046 4.000% 12/01/46 5.83% 91.59 86.55 3

Bottom 10 Performers

Showcases the bottom 10 Muni Bond performers based on price movements between 11/17/23-11/24/23

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W DEALERS
1 NV NVSSFH 3.40 10/01/2049 3.400% 10/01/49 -7.18% 76.55 82.47 5
2 MA MINHGR 2.00 04/15/2032 2.000% 04/15/32 -6.75% 81.23 87.11 2
3 TX DALAPT 2.84 11/01/2046 2.843% 11/01/46 -6.11% 64.36 68.54 5
4 TX ARL 3.45 08/15/2036 3.450% 08/15/36 -4.95% 90.81 95.54 2
5 MN MNSHSG 6.14 07/01/2041 6.139% 07/01/41 -3.52% 97.54 101.11 5
6 IL CHASCD 4.35 12/01/2033 4.350% 12/01/33 -3.39% 89.57 92.71 2
7 IL CHI 5.50 01/01/2034 5.500% 01/01/34 -2.62% 98.56 101.21 5
8 IL ILSHSG 5.75 10/01/2053 5.750% 10/01/53 -2.58% 106.05 108.85 4
9 CA CASHGR 2.25 11/01/2030 2.254% 11/01/30 -2.44% 80.76 82.77 7
10 OH OHSHSG 4.00 03/01/2049 4.000% 03/01/49 -2.40% 92.70 94.98 3

Top 10 State Performers

Showcases the top 10 Muni State performers based on yield movements between 11/17/23-11/24/23

RANK STATE CHANGE YLD YLD-1W
1 TN -23 bps 3.83% 4.06%
2 FL -20 bps 4.05% 4.25%
3 UT -19 bps 3.70% 3.90%
4 WV -16 bps 3.88% 4.04%
5 NC -15 bps 3.81% 3.96%
6 AK -14 bps 4.02% 4.15%
7 OH -13 bps 4.02% 4.16%
8 OR -13 bps 4.15% 4.28%
9 MA -12 bps 4.04% 4.17%
10 NV -11 bps 4.10% 4.21%

Bottom 10 State Performers

Showcases the bottom 10 Muni State performers based on yield movements between 11/17/23-11/24/23

RANK STATE CHANGE YLD YLD-1W
1 KY 12 bps 4.08% 3.96%
2 VA 10 bps 4.06% 3.95%
3 HI 10 bps 4.52% 4.43%
4 DC 9 bps 4.20% 4.11%
5 IN 7 bps 4.22% 4.15%
6 GA 7 bps 3.70% 3.63%
7 KS 6 bps 4.09% 4.03%
8 NE 5 bps 4.11% 4.06%
9 AZ 4 bps 3.70% 3.66%
10 MN 3 bps 4.12% 4.09%

10 Year Yield by State – All

Displays the average Muni 10 year yield by state between 11/17/23-11/24/23 (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 11/17/23-11/24/23 (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 11/17/23-11/24/23 (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 11/17/23-11/24/23

Top Quote Volume Movers: This Week vs Last Week

Exhibits the Munis with the largest increase in quote volume for the week ending 11/17/23 vs. the week ending 11/24/23

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 BRUNSWICK CO -REV 3.000% 04/01/46 19 110 91 479%
2 NEW YORK NY-B-1 4.000% 10/01/37 16 98 82 513%
3 DETROIT 5.500% 04/01/50 66 147 81 123%
4 LOS ANGELES CO MTA -A 4.000% 06/01/36 10 90 80 800%
5 NEW YORK CITY NY TRAN 4.000% 11/01/42 23 100 77 335%
6 MESA UTIL SYS REV 4.000% 07/01/37 11 83 72 655%
7 PFLUGERVILLE -CTFS OB 5.000% 08/01/35 9 78 69 767%
8 LEANDER ISD 5.000% 02/15/35 1 70 69 6900%
9 CA HLTH FACS-A2 4.000% 11/01/51 27 95 68 252%
10 CWLTH OF MASSACHUSETT 5.000% 11/01/52 65 129 64 98%

Most Quoted Munis

Ranks the Munis that were quoted by the highest number of dealers between 11/17/23 – 11/24/23

RANK TRANCHE COUPON MATURITY DEALERS
1 MASSACHUSETTS CMNWLTH 5.000% 06/01/50 47
2 NYC MUNI WTR FIN-CC-1 5.000% 06/15/52 40
3 NEW YORK ST DORM AUTH 5.000% 07/01/39 34
4 CALIFORNIA ST 5.000% 10/01/42 33
5 SALT RIVER 5.000% 01/01/47 33
6 TRIBOROUGH BRIDGE-B-1 5.000% 05/15/56 33
7 UNIV CONNECTICUT-A 5.500% 11/15/53 33
8 DT OF COLUMBIA-A-REV 5.500% 07/01/47 33
9 TX WTR DEV BRD-A -REV 5.000% 10/15/58 32
10 BUCKEYE OH TOBACCO-B2 5.000% 06/01/55 32

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