Municipals
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Municipal Bond Market Summary:
Week Ending 2/2/24
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 1/26/24-2/2/24
RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
1 | PUB FIN AUTH | 4.250% | 07/01/54 | 7.15% | 75.96 | 70.89 | 4 |
2 | KS CITY LAND-B | 5.000% | 02/01/50 | 6.97% | 90.69 | 84.79 | 2 |
3 | MN AGRIC ECON DEVBRD | 4.000% | 01/01/49 | 6.46% | 98.55 | 92.57 | 19 |
4 | TRIBOROUGH BRIDGE-C | 3.000% | 11/15/47 | 6.19% | 83.45 | 78.59 | 5 |
5 | SAN MARCOS CA USD CA | 0.000% | 08/01/47 | 6.12% | 38.56 | 36.34 | 5 |
6 | SYOSSET CSD | 2.125% | 12/15/37 | 5.95% | 82.05 | 77.45 | 12 |
7 | MET WASHINGTON DC-B | 3.000% | 10/01/50 | 5.68% | 79.02 | 74.77 | 7 |
8 | SANTEE CA S/D CAP AP | 0.000% | 08/01/48 | 5.47% | 35.91 | 34.05 | 2 |
9 | PR SALES TAX FING-A1 | 0.000% | 07/01/46 | 5.42% | 32.22 | 30.57 | 9 |
10 | LEAGUE CITY | 3.000% | 02/15/40 | 5.40% | 89.68 | 85.08 | 6 |
Bottom 10 Performers
Showcases the bottom 10 Muni Bond performers based on price movements between 1/26/24-2/2/24
RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
1 | KY LOUUTL 3.00 05/15/2040 | 3.000% | 05/15/40 | -3.30% | 85.44 | 88.36 | 2 |
2 | IL ILSGEN 3.00 08/15/2048 | 3.000% | 08/15/48 | -2.78% | 75.68 | 77.84 | 4 |
3 | TX BRY 2.00 08/15/2032 | 2.000% | 08/15/32 | -2.40% | 85.12 | 87.22 | 5 |
4 | NY NYSHSG 2.10 11/01/2035 | 2.100% | 11/01/35 | -2.12% | 80.96 | 82.72 | 2 |
5 | VA RIVUTL 3.25 10/01/2042 | 3.250% | 10/01/42 | -2.11% | 89.76 | 91.69 | 3 |
6 | NY NYCGEN 4.00 11/01/2042 | 4.000% | 11/01/42 | -1.92% | 99.50 | 101.44 | 6 |
7 | MI MISHGR 6.69 10/01/2039 | 6.690% | 10/01/39 | -1.86% | 108.29 | 110.35 | 3 |
8 | IL DUPGEN 3.00 05/15/2047 | 3.000% | 05/15/47 | -1.81% | 74.24 | 75.61 | 16 |
9 | VA VASMED 3.38 07/01/2041 | 3.375% | 07/01/41 | -1.80% | 90.55 | 92.21 | 2 |
10 | CA FMTEDU 2.00 08/01/2037 | 2.000% | 08/01/37 | -1.66% | 77.26 | 78.57 | 2 |
Top 10 State Performers
Showcases the top 10 Muni State performers based on yield movements between 1/26/24-2/2/24
RANK | STATE | CHANGE | YLD | YLD-1W |
1 | GA | -46 bps | 3.25% | 3.71% |
2 | LA | -38 bps | 3.22% | 3.60% |
3 | SC | -27 bps | 3.37% | 3.64% |
4 | KY | -25 bps | 3.00% | 3.25% |
5 | MO | -22 bps | 3.37% | 3.59% |
6 | KS | -21 bps | 3.40% | 3.61% |
7 | WI | -21 bps | 3.48% | 3.69% |
8 | MI | -20 bps | 3.58% | 3.79% |
9 | MD | -20 bps | 3.32% | 3.52% |
10 | NH | -19 bps | 3.24% | 3.42% |
Bottom 10 State Performers
Showcases the bottom 10 Muni State performers based on yield movements between 1/26/24-2/2/24
RANK | STATE | CHANGE | YLD | YLD-1W |
1 | NC | 30 bps | 3.36% | 3.06% |
2 | HI | 18 bps | 3.65% | 3.47% |
3 | DC | 15 bps | 3.88% | 3.73% |
4 | VA | 11 bps | 3.17% | 3.06% |
5 | DE | 7 bps | 3.05% | 2.97% |
6 | RI | 5 bps | 3.16% | 3.11% |
7 | WV | 5 bps | 3.23% | 3.18% |
8 | OH | 0 bps | 3.50% | 3.50% |
9 | TX | 0 bps | 4.51% | 4.51% |
10 | FL | -3 bps | 3.41% | 3.43% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 1/26/24-2/2/24 (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 1/26/24-2/2/24 (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 1/26/24-2/2/24 (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 1/26/24-2/2/24

Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 1/26/24 vs. the week ending 2/2/24
RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
1 | WYLIE ISD | 4.250% | 02/15/54 | 19 | 111 | 92 | 484% |
2 | KRUM ISD | 4.250% | 08/15/54 | 4 | 78 | 74 | 1850% |
3 | TENNESSEE ST SCH-A | 1.126% | 11/01/28 | 5 | 75 | 70 | 1400% |
4 | PENNSYLVANIA ST HSG F | 4.150% | 10/01/42 | 21 | 84 | 63 | 300% |
5 | MIAMI DADE HLTH FAC-A | 4.000% | 08/01/51 | 2 | 62 | 60 | 3000% |
6 | KRUM ISD | 4.000% | 08/15/49 | 4 | 62 | 58 | 1450% |
7 | MICHIGAN ST -B -REV | 5.000% | 11/15/36 | 1 | 56 | 55 | 5500% |
8 | CMWLTH FING AUTH-A | 3.731% | 06/01/30 | 29 | 81 | 52 | 179% |
9 | NEW YORK CITY -D-3 | 1.970% | 03/01/31 | 30 | 81 | 51 | 170% |
10 | SYRACUSE NY INDL DEV | 4.000% | 05/01/33 | 12 | 63 | 51 | 425% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 1/26/24 – 2/2/24
RANK | TRANCHE | COUPON | MATURITY | DEALERS |
1 | OK WTR RES BRD-A | 4.125% | 10/01/53 | 40 |
2 | MONTGOMERY CO -A | 5.000% | 08/01/32 | 38 |
3 | PASSAIC VLY WTR -REV | 4.000% | 12/01/48 | 36 |
4 | JUDSON ISD | 4.000% | 02/01/53 | 34 |
5 | DEKALB HSG AUTH-A-REV | 4.000% | 12/01/33 | 34 |
6 | PROSPER ISD | 4.000% | 02/15/53 | 33 |
7 | GARLAND ISD-A | 5.000% | 02/15/48 | 33 |
8 | PENNSYLVANIA CMW | 5.000% | 09/01/31 | 33 |
9 | WYLIE ISD | 4.250% | 02/15/54 | 32 |
10 | UNIV OF NEBRASKA FACS | 4.000% | 07/15/62 | 31 |
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