Municipals
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Municipal Bond Market Summary:
Week Ending 1/12/24
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 1/5/24-1/12/24
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
| 1 | PENNSYLVANIA ST ECON | 3.250% | 08/01/39 | 4.96% | 73.95 | 70.45 | 7 |
| 2 | SAN ANTONIO TX-TXBL | 2.905% | 02/01/48 | 4.42% | 73.95 | 70.82 | 4 |
| 3 | COBB CNTY GA DE | 2.625% | 07/15/44 | 4.37% | 76.02 | 72.84 | 3 |
| 4 | CALIFORNIA ST UNIV-B | 2.975% | 11/01/51 | 4.10% | 73.73 | 70.82 | 8 |
| 5 | TARRANT CNTY CULTURAL | 6.875% | 11/15/55 | 3.71% | 95.00 | 91.60 | 2 |
| 6 | POCONO MOUNTAINS INDL | 4.000% | 08/15/45 | 3.54% | 98.14 | 94.78 | 5 |
| 7 | MASSACHUSETTS CLG-A | 4.000% | 05/01/40 | 3.49% | 106.08 | 102.50 | 2 |
| 8 | WI HLTH & EDU-B | 3.500% | 02/15/40 | 3.27% | 89.40 | 86.57 | 3 |
| 9 | WINROCK TWN CTR-REF | 4.250% | 05/01/40 | 3.23% | 93.83 | 90.89 | 2 |
| 10 | COOK CNTY-TXB-C-BAM | 5.790% | 11/15/29 | 3.13% | 106.27 | 103.05 | 7 |
Bottom 10 Performers
Showcases the bottom 10 Muni Bond performers based on price movements between 1/5/24-1/12/24
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
| 1 | CA CASDEV 5.50 01/01/2038 | 5.500% | 01/01/38 | -6.98% | 75.00 | 80.63 | 4 |
| 2 | MD WASUTL 2.00 12/01/2044 | 2.000% | 12/01/44 | -6.67% | 66.82 | 71.60 | 2 |
| 3 | CA SDTSCD 3.00 08/01/2040 | 3.000% | 08/01/40 | -5.37% | 89.70 | 94.79 | 5 |
| 4 | NY NYCGEN 3.00 08/01/2048 | 3.000% | 08/01/48 | -5.27% | 79.60 | 84.02 | 12 |
| 5 | MA MASOBL 4.11 07/15/2031 | 4.110% | 07/15/31 | -4.93% | 94.49 | 99.39 | 7 |
| 6 | NY NYSHGR 3.00 03/15/2051 | 3.000% | 03/15/51 | -4.72% | 76.92 | 80.73 | 5 |
| 7 | TX TXSWTR 3.13 10/15/2036 | 3.125% | 10/15/36 | -4.52% | 92.78 | 97.17 | 2 |
| 8 | TN TNSHSG 6.25 01/01/2054 | 6.250% | 01/01/54 | -4.12% | 111.63 | 116.42 | 7 |
| 9 | CA LKTSCD 0.00 08/01/2034 | 0.000% | 08/01/34 | -3.95% | 64.63 | 67.29 | 2 |
| 10 | WA WASHGR 4.00 05/01/2050 | 4.000% | 05/01/50 | -3.91% | 93.31 | 97.10 | 4 |
Top 10 State Performers
Showcases the top 10 Muni State performers based on yield movements between 1/5/24-1/12/24
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | CO | -29 bps | 3.72% | 4.01% |
| 2 | TN | -20 bps | 3.35% | 3.55% |
| 3 | DC | -20 bps | 3.71% | 3.91% |
| 4 | ND | -19 bps | 3.22% | 3.42% |
| 5 | MD | -19 bps | 3.32% | 3.52% |
| 6 | RI | -18 bps | 2.93% | 3.10% |
| 7 | FL | -18 bps | 3.42% | 3.60% |
| 8 | HI | -15 bps | 3.68% | 3.83% |
| 9 | CA | -14 bps | 4.26% | 4.40% |
| 10 | VA | -14 bps | 3.22% | 3.35% |
Bottom 10 State Performers
Showcases the bottom 10 Muni State performers based on yield movements between 1/5/24-1/12/24
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | AZ | 14 bps | 3.58% | 3.44% |
| 2 | MN | 13 bps | 3.50% | 3.37% |
| 3 | AR | 12 bps | 3.70% | 3.58% |
| 4 | CT | 12 bps | 3.63% | 3.52% |
| 5 | KY | 9 bps | 3.33% | 3.24% |
| 6 | OK | 8 bps | 12.95% | 12.87% |
| 7 | GA | 8 bps | 3.38% | 3.30% |
| 8 | OR | 4 bps | 3.71% | 3.66% |
| 9 | WA | 4 bps | 3.72% | 3.68% |
| 10 | MO | 4 bps | 3.54% | 3.50% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 1/5/24-1/12/24 (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 1/5/24-1/12/24 (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 1/5/24-1/12/24 (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 1/5/24-1/12/24
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 1/5/24 vs. the week ending 1/12/24
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | CONNECTICUT ST -A-REV | 5.250% | 07/01/41 | 28 | 142 | 114 | 407% |
| 2 | NJ TRANSPRTN TRUST-A | 5.000% | 06/15/35 | 12 | 108 | 96 | 800% |
| 3 | TRIBOROUGH BRIDGE-B-1 | 5.000% | 05/15/56 | 16 | 92 | 76 | 475% |
| 4 | TRIBOROUGH BRIDGE -A | 4.500% | 05/15/63 | 13 | 86 | 73 | 562% |
| 5 | WORTHINGTON CITY SD-C | 5.500% | 12/01/54 | 8 | 80 | 72 | 900% |
| 6 | NEW YORK CITY NY MUNI | 5.000% | 06/15/49 | 15 | 86 | 71 | 473% |
| 7 | BROWARD CO-REV | 5.000% | 01/01/47 | 9 | 79 | 70 | 778% |
| 8 | NEW ORLEANS-REF-TXBL | 2.191% | 06/01/34 | 13 | 83 | 70 | 538% |
| 9 | LANCASTER CO PUB FACS | 5.000% | 06/01/40 | 11 | 79 | 68 | 618% |
| 10 | ALVARADO ISD | 4.000% | 02/15/52 | 11 | 79 | 68 | 618% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 1/5/24 – 1/12/24
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | MASSACHUSETTS CMNWL-D | 5.000% | 10/01/53 | 49 |
| 2 | ILLINOIS ST FOR ISSU | 5.100% | 06/01/33 | 38 |
| 3 | NYC MUNI WTR FIN-CC-1 | 5.000% | 06/15/52 | 36 |
| 4 | NJ EDA ST PENSION FD | 7.425% | 02/15/29 | 35 |
| 5 | ISLE OF WHITE CNTY VA | 5.250% | 07/01/53 | 35 |
| 6 | PASSAIC VLY WTR -REV | 4.000% | 12/01/48 | 34 |
| 7 | GARLAND ISD-A | 5.000% | 02/15/48 | 33 |
| 8 | TX PRIV ACT-REF-AMT | 5.500% | 06/30/43 | 33 |
| 9 | ISLE OF WHITE CNTY VA | 5.250% | 07/01/43 | 32 |
| 10 | MD HLTH & HGR ED-B | 4.000% | 04/15/45 | 32 |
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