Municipals
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Municipal Bond Market Summary:
Week Ending 1/26/24
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 1/19/24-1/26/24
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
| 1 | MASSACHUSETTS ST | 2.663% | 09/01/39 | 3.70% | 83.74 | 80.76 | 2 |
| 2 | MTA NYS TRANSN-B-1-B | 6.648% | 11/15/39 | 2.63% | 110.53 | 107.70 | 7 |
| 3 | GDB DEBT RECOVERY AUTH PR | 7.500% | 08/20/40 | 2.59% | 91.25 | 88.95 | 3 |
| 4 | GRAND STRAND SC WTR & | 3.000% | 06/01/35 | 2.56% | 95.14 | 92.76 | 2 |
| 5 | NY ST URBAN DEV CORP | 3.000% | 03/15/49 | 2.51% | 80.81 | 78.83 | 18 |
| 6 | ANAHEIM CA PFA LEASE | 0.000% | 09/01/31 | 2.44% | 78.08 | 76.23 | 5 |
| 7 | MARQUETTE LIGHT & PWR | 3.125% | 07/01/36 | 2.43% | 93.81 | 91.58 | 2 |
| 8 | CA HLTH FACS FING | 1.168% | 06/01/26 | 2.33% | 92.24 | 90.14 | 7 |
| 9 | IOWA FIN AUTH MIDWES | 4.750% | 08/01/42 | 2.33% | 96.99 | 94.78 | 7 |
| 10 | NY URBAN DEV-A | 5.000% | 03/15/42 | 2.28% | 107.11 | 104.72 | 3 |
Bottom 10 Performers
Showcases the bottom 10 Muni Bond performers based on price movements between 1/19/24-1/26/24
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
| 1 | CA EMRSCD 0.00 08/01/2045 | 0.000% | 08/01/45 | -5.69% | 88.84 | 94.20 | 3 |
| 2 | PA BERMED 5.00 11/01/2047 | 5.000% | 11/01/47 | -5.05% | 51.77 | 54.52 | 5 |
| 3 | OH CLE 3.63 12/01/2046 | 3.625% | 12/01/46 | -4.78% | 89.76 | 94.27 | 2 |
| 4 | WA WASHSG 5.00 07/01/2048 | 5.000% | 07/01/48 | -4.59% | 102.12 | 107.03 | 2 |
| 5 | OR ORSHSG 6.25 07/01/2053 | 6.250% | 07/01/53 | -4.39% | 102.97 | 107.69 | 6 |
| 6 | HI HIS 5.32 10/01/2038 | 5.321% | 10/01/38 | -3.79% | 83.90 | 87.21 | 3 |
| 7 | CT CT CTS 5 01/15/2037 4.00 01/15/2044 | 4.000% | 01/15/44 | -3.74% | 100.11 | 104.00 | 22 |
| 8 | TX CLIEDU 4.35 12/01/2042 | 4.350% | 12/01/42 | -3.63% | 89.13 | 92.49 | 2 |
| 9 | OH RSFEDU 4.00 12/01/2046 | 4.000% | 12/01/46 | -3.62% | 93.55 | 97.07 | 3 |
| 10 | NH NHMBBK 2.00 02/15/2040 | 2.000% | 02/15/40 | -3.59% | 72.91 | 75.62 | 3 |
Top 10 State Performers
Showcases the top 10 Muni State performers based on yield movements between 1/19/24-1/26/24
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | VA | -29 bps | 3.06% | 3.35% |
| 2 | WV | -27 bps | 3.18% | 3.45% |
| 3 | NC | -23 bps | 3.06% | 3.30% |
| 4 | HI | -17 bps | 3.47% | 3.65% |
| 5 | FL | -13 bps | 3.43% | 3.56% |
| 6 | TN | -13 bps | 3.48% | 3.61% |
| 7 | NE | -12 bps | 3.35% | 3.47% |
| 8 | ME | -10 bps | 3.41% | 3.51% |
| 9 | NH | -9 bps | 3.42% | 3.51% |
| 10 | CO | -6 bps | 3.95% | 4.01% |
Bottom 10 State Performers
Showcases the bottom 10 Muni State performers based on yield movements between 1/19/24-1/26/24
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | AL | 17 bps | 3.64% | 3.47% |
| 2 | LA | 16 bps | 3.59% | 3.43% |
| 3 | TX | 16 bps | 4.51% | 4.35% |
| 4 | NJ | 11 bps | 3.85% | 3.74% |
| 5 | AZ | 10 bps | 3.56% | 3.46% |
| 6 | DE | 10 bps | 2.98% | 2.88% |
| 7 | WA | 8 bps | 3.92% | 3.83% |
| 8 | RI | 8 bps | 3.11% | 3.03% |
| 9 | ND | 8 bps | 3.47% | 3.39% |
| 10 | KS | 7 bps | 3.61% | 3.54% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 1/19/24-1/26/24 (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 1/19/24-1/26/24 (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 1/19/24-1/26/24 (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 1/19/24-1/26/24
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 1/19/24 vs. the week ending 1/26/24
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | DALLAS ISD | 4.000% | 02/15/54 | 2 | 102 | 100 | 5000% |
| 2 | MONTGOMERY CO -A | 5.000% | 08/01/32 | 53 | 150 | 97 | 183% |
| 3 | PENNSYLVANIA CMW | 5.000% | 09/01/31 | 83 | 155 | 72 | 87% |
| 4 | CENTRL PUGET TRANS-S1 | 5.000% | 11/01/41 | 12 | 74 | 62 | 517% |
| 5 | PROSPER ISD | 4.000% | 02/15/53 | 102 | 164 | 62 | 61% |
| 6 | OHIO ST UNIV-A | 4.000% | 12/01/43 | 23 | 83 | 60 | 261% |
| 7 | NY ST URBAN DEV CORP | 3.000% | 03/15/49 | 38 | 98 | 60 | 158% |
| 8 | CT ST HLTH AUTH-X-2 | 5.000% | 07/01/37 | 8 | 66 | 58 | 725% |
| 9 | NORTHEAST OHIO REGL SWR DIST | 5.438% | 11/15/32 | 6 | 62 | 56 | 933% |
| 10 | WISCONSIN ST GEN FUND | 1.251% | 05/01/28 | 20 | 73 | 53 | 265% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 1/19/24 – 1/26/24
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | PASSAIC VLY WTR -REV | 4.000% | 12/01/48 | 36 |
| 2 | DEKALB HSG AUTH-A-REV | 4.000% | 12/01/33 | 34 |
| 3 | MASSACHUSETTS ST-A | 5.000% | 01/01/49 | 34 |
| 4 | NJ EDA ST PENSION FD | 7.425% | 02/15/29 | 33 |
| 5 | MONTGOMERY CO -A | 5.000% | 08/01/32 | 33 |
| 6 | PROSPER ISD | 4.000% | 02/15/53 | 33 |
| 7 | PENNSYLVANIA CMW | 5.000% | 09/01/31 | 33 |
| 8 | MASSACHUSETTS CMWLTH- | 5.250% | 10/01/47 | 32 |
| 9 | JUDSON ISD | 4.000% | 02/01/53 | 32 |
| 10 | PASSAIC VLY WTR -REV | 4.000% | 12/01/53 | 30 |
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