Municipals
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Municipal Bond Market Summary:
Week Ending 1/19/24
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 1/12/24-1/19/24
RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
1 | CAPITAL TRUST AGY FL | 5.000% | 01/01/56 | 4.50% | 79.91 | 76.47 | 9 |
2 | SANTEE CA S/D CAP AP | 0.000% | 05/01/51 | 4.07% | 30.46 | 29.27 | 2 |
3 | CAPITAL TRUST-A | 5.000% | 06/15/49 | 2.80% | 92.05 | 89.54 | 5 |
4 | FORNEY TX INDEP SCH D | 3.000% | 02/15/39 | 2.54% | 91.90 | 89.63 | 11 |
5 | KY ASSOC OF CO FIN-C | 2.250% | 02/01/34 | 2.19% | 85.00 | 83.18 | 2 |
6 | MD DOT -A | 2.125% | 10/01/36 | 2.18% | 82.30 | 80.55 | 4 |
7 | TACOMA WASH REGL WTR SUPPLY | 5.621% | 12/01/40 | 2.15% | 104.71 | 102.51 | 5 |
8 | JEFFERSON CO-WARRANTS | 5.000% | 10/01/37 | 1.91% | 113.03 | 110.91 | 9 |
9 | NY TRANS FIN AUTH-F-3 | 3.000% | 02/01/35 | 1.84% | 96.15 | 94.41 | 5 |
10 | PROJECTNEW YORK TRANS | 4.375% | 10/01/45 | 1.84% | 98.66 | 96.88 | 12 |
Bottom 10 Performers
Showcases the bottom 10 Muni Bond performers based on price movements between 1/12/24-1/19/24
RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
1 | MD MDSDEV 4.10 09/01/2032 | 4.103% | 09/01/32 | -5.46% | 95.27 | 100.77 | 2 |
2 | TX DECMED 3.63 09/01/2042 | 3.625% | 09/01/42 | -5.19% | 81.53 | 86.00 | 4 |
3 | WI WISMED 3.50 02/15/2040 | 3.500% | 02/15/40 | -4.93% | 85.00 | 89.40 | 3 |
4 | TX NRTWTR 3.50 06/01/2042 | 3.500% | 06/01/42 | -4.51% | 90.43 | 94.71 | 2 |
5 | LA TANMED 4.00 02/01/2042 | 4.000% | 02/01/42 | -4.26% | 94.10 | 98.29 | 6 |
6 | NY NYCDEV 2.63 09/15/2069 | 2.625% | 09/15/69 | -4.15% | 85.91 | 89.63 | 4 |
7 | TX CTXGEN 3.38 01/01/2041 | 3.375% | 01/01/41 | -3.93% | 88.19 | 91.79 | 2 |
8 | TX TXSWTR 3.00 10/15/2034 | 3.000% | 10/15/34 | -3.87% | 94.80 | 98.62 | 3 |
9 | CA CASSCD 4.00 07/01/2040 | 4.000% | 07/01/40 | -3.76% | 93.31 | 96.96 | 2 |
10 | NY SFKWTR 3.00 06/01/2040 | 3.000% | 06/01/40 | -3.68% | 86.40 | 89.70 | 2 |
Top 10 State Performers
Showcases the top 10 Muni State performers based on yield movements between 1/12/24-1/19/24
RANK | STATE | CHANGE | YLD | YLD-1W |
1 | TX | 53 bps | 4.84% | 4.31% |
2 | AZ | 49 bps | 4.32% | 3.83% |
3 | MS | 33 bps | 3.86% | 3.53% |
4 | VA | 31 bps | 3.63% | 3.32% |
5 | NH | 31 bps | 3.74% | 3.44% |
6 | SC | 30 bps | 3.87% | 3.57% |
7 | MN | 25 bps | 5.57% | 5.32% |
8 | VT | 24 bps | 3.61% | 3.37% |
9 | RI | 23 bps | 3.62% | 3.38% |
10 | UT | 23 bps | 3.64% | 3.41% |
Bottom 10 State Performers
Showcases the bottom 10 Muni State performers based on yield movements between 1/12/24-1/19/24
RANK | STATE | CHANGE | YLD | YLD-1W |
1 | WA | -45 bps | 9.26% | 9.72% |
2 | NJ | -33 bps | 3.46% | 3.79% |
3 | NV | -24 bps | 3.51% | 3.75% |
4 | ME | -19 bps | 3.37% | 3.56% |
5 | LA | -12 bps | 3.93% | 4.05% |
6 | CT | -7 bps | 3.31% | 3.39% |
7 | ID | -1 bps | 3.31% | 3.33% |
8 | WI | 0 bps | 3.76% | 3.75% |
9 | MT | 1 bps | 3.59% | 3.58% |
10 | IN | 1 bps | 3.57% | 3.56% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 1/12/24-1/19/24 (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 1/12/24-1/19/24 (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 1/12/24-1/19/24 (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 1/12/24-1/19/24

Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 1/12/24 vs. the week ending 1/19/24
RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
1 | EAST ORANGE-REF | 4.000% | 10/15/40 | 71 | 147 | 76 | 107% |
2 | PROSPER ISD | 4.000% | 02/15/53 | 40 | 102 | 62 | 155% |
3 | NEW JERSEY ST ECON DE | 5.756% | 06/15/31 | 15 | 77 | 62 | 413% |
4 | GLOUCESTER CNTY NJ IM | 4.000% | 07/01/38 | 69 | 130 | 61 | 88% |
5 | GLOUCESTER CNTY NJ IM | 4.000% | 07/01/39 | 69 | 130 | 61 | 88% |
6 | ESSEX CNTY NJ IMPT AU | 4.000% | 11/01/38 | 69 | 130 | 61 | 88% |
7 | CAMDEN CO IMPT AUTH-A | 4.000% | 01/15/38 | 69 | 130 | 61 | 88% |
8 | CAMDEN CNTY NJ IMPT | 4.000% | 01/15/39 | 53 | 110 | 57 | 108% |
9 | GLOUCESTER CNTY NJ IM | 4.000% | 07/01/37 | 53 | 110 | 57 | 108% |
10 | NEW JERSEY ST TRANSPR | 4.000% | 06/15/38 | 87 | 140 | 53 | 61% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 1/12/24 – 1/19/24
RANK | TRANCHE | COUPON | MATURITY | DEALERS |
1 | MASSACHUSETTS CMNWL-D | 5.000% | 10/01/53 | 42 |
2 | ILLINOIS ST FOR ISSU | 5.100% | 06/01/33 | 38 |
3 | NJ EDA ST PENSION FD | 7.425% | 02/15/29 | 34 |
4 | PASSAIC VLY WTR -REV | 4.000% | 12/01/48 | 34 |
5 | GARLAND ISD-A | 5.000% | 02/15/48 | 33 |
6 | PROSPER ISD | 4.000% | 02/15/53 | 33 |
7 | JUDSON ISD | 4.000% | 02/01/53 | 32 |
8 | ISLE OF WHITE CNTY VA | 5.250% | 07/01/43 | 32 |
9 | DEKALB HSG AUTH-A-REV | 4.000% | 12/01/33 | 32 |
10 | ISLE OF WHITE CNTY VA | 5.250% | 07/01/53 | 31 |
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