Municipals
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Municipal Bond Market Summary:
Week Ending 2/9/24
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 2/2/24-2/9/24
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
| 1 | WALKER CO BRD OF EDU | 2.000% | 03/01/36 | 3.78% | 81.49 | 78.53 | 3 |
| 2 | MUNICIPAL ELEC AUTH | 6.655% | 04/01/57 | 3.63% | 112.92 | 108.96 | 2 |
| 3 | TULSA OK PUBLIC FACS | 3.125% | 12/01/37 | 3.52% | 96.40 | 93.13 | 3 |
| 4 | FOOTHILL ESTRN TRANSP | 3.924% | 01/15/53 | 2.77% | 79.76 | 77.61 | 2 |
| 5 | KS CITY LAND-B | 5.000% | 02/01/50 | 2.68% | 93.13 | 90.69 | 2 |
| 6 | SAN FRANCISCO UNIF SD | 3.000% | 06/15/38 | 2.65% | 93.61 | 91.19 | 3 |
| 7 | OREGON ST HSG CMNTY-C | 6.250% | 07/01/53 | 2.55% | 105.59 | 102.97 | 6 |
| 8 | DU PAGE CNTY IL REVEN | 3.000% | 05/15/47 | 2.50% | 76.10 | 74.24 | 17 |
| 9 | CVI-CW/PRIFA RUM | 0.000% | 11/01/51 | 2.49% | 44.38 | 43.30 | 7 |
| 10 | OHIO ST HSG FIN AGY R | 3.350% | 09/01/39 | 2.47% | 93.48 | 91.22 | 4 |
Bottom 10 Performers
Showcases the bottom 10 Muni Bond performers based on price movements between 2/2/24-2/9/24
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
| 1 | AZ SALPWR 4.84 01/01/2041 | 4.839% | 01/01/41 | -5.28% | 94.82 | 100.11 | 10 |
| 2 | CA SLSWTR 3.04 03/01/2042 | 3.040% | 03/01/42 | -4.83% | 76.46 | 80.34 | 5 |
| 3 | CA CASHGR 2.98 11/01/2051 | 2.975% | 11/01/51 | -4.70% | 70.29 | 73.75 | 8 |
| 4 | WI PUBFAC 4.25 07/01/2054 | 4.250% | 07/01/54 | -4.26% | 72.72 | 75.96 | 4 |
| 5 | CA CASGEN 4.00 04/01/2045 | 4.000% | 04/01/45 | -4.01% | 96.32 | 100.35 | 6 |
| 6 | NY NYCHSG 4.25 11/01/2043 | 4.250% | 11/01/43 | -3.86% | 101.44 | 105.52 | 3 |
| 7 | CA UNVHGR 3.71 05/15/2120 | 3.706% | 05/15/20 | -3.83% | 68.55 | 71.28 | 10 |
| 8 | MA UPT 2.25 08/15/2046 | 2.250% | 08/15/46 | -3.81% | 69.49 | 72.25 | 2 |
| 9 | TX LEA 3.00 02/15/2040 | 3.000% | 02/15/40 | -3.77% | 86.30 | 89.68 | 7 |
| 10 | MI OKPSCD 2.25 11/01/2046 | 2.250% | 11/01/46 | -3.64% | 65.80 | 68.28 | 3 |
Top 10 State Performers
Showcases the top 10 Muni State performers based on yield movements between 2/2/24-2/9/24
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | NV | -12 bps | 3.25% | 3.37% |
| 2 | TN | -12 bps | 3.25% | 3.37% |
| 3 | OK | -12 bps | 2.96% | 3.07% |
| 4 | SC | -10 bps | 3.32% | 3.42% |
| 5 | MN | -9 bps | 3.27% | 3.37% |
| 6 | MD | -5 bps | 3.27% | 3.32% |
| 7 | GA | -5 bps | 3.21% | 3.26% |
| 8 | NC | -3 bps | 3.33% | 3.37% |
| 9 | AL | -2 bps | 3.44% | 3.46% |
| 10 | NE | 2 bps | 3.27% | 3.25% |
Bottom 10 State Performers
Showcases the bottom 10 Muni State performers based on yield movements between 2/2/24-2/9/24
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | ME | 47 bps | 3.22% | 2.75% |
| 2 | UT | 32 bps | 3.35% | 3.03% |
| 3 | OH | 29 bps | 3.80% | 3.50% |
| 4 | HI | 23 bps | 3.89% | 3.65% |
| 5 | AZ | 23 bps | 3.67% | 3.45% |
| 6 | OR | 21 bps | 3.89% | 3.67% |
| 7 | WV | 19 bps | 3.33% | 3.14% |
| 8 | CO | 17 bps | 3.90% | 3.73% |
| 9 | LA | 14 bps | 3.36% | 3.22% |
| 10 | CT | 13 bps | 3.66% | 3.53% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 2/2/24-2/9/24 (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 2/2/24-2/9/24 (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 2/2/24-2/9/24 (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 2/2/24-2/9/24
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 2/2/24 vs. the week ending 2/9/24
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | GRAND PRAIRIE | 5.000% | 02/15/33 | 1 | 69 | 68 | 6800% |
| 2 | PENN TNPK COMM-C-REF | 4.000% | 12/01/51 | 65 | 132 | 67 | 103% |
| 3 | GRAND PRAIRIE | 5.000% | 02/15/32 | 1 | 66 | 65 | 6500% |
| 4 | HILLSBORO ECON-TXBL | 5.035% | 06/01/28 | 11 | 75 | 64 | 582% |
| 5 | WYLIE ISD | 4.250% | 02/15/54 | 111 | 173 | 62 | 56% |
| 6 | HILLSBORO ECON-TXBL | 5.218% | 06/01/30 | 11 | 72 | 61 | 555% |
| 7 | MA SCH BLDG AUTH DED | 5.715% | 08/15/39 | 35 | 94 | 59 | 169% |
| 8 | HILLSBORO ECON-TXBL | 5.135% | 06/01/29 | 11 | 69 | 58 | 527% |
| 9 | MA BAY TRANS AUTH-A-1 | 4.000% | 07/01/53 | 24 | 80 | 56 | 233% |
| 10 | MARSHALL CO | 5.000% | 06/01/49 | 26 | 79 | 53 | 204% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 2/2/24 – 2/9/24
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | OK WTR RES BRD-A | 4.125% | 10/01/53 | 42 |
| 2 | MONTGOMERY CO -A | 5.000% | 08/01/32 | 39 |
| 3 | WYLIE ISD | 4.250% | 02/15/54 | 37 |
| 4 | GARLAND ISD-A | 5.000% | 02/15/48 | 35 |
| 5 | JUDSON ISD | 4.000% | 02/01/53 | 34 |
| 6 | HOWARD CO HSG COMM | 4.125% | 12/01/43 | 34 |
| 7 | PENNSYLVANIA CMW | 5.000% | 09/01/31 | 33 |
| 8 | PROSPER ISD | 4.000% | 02/15/53 | 33 |
| 9 | DEKALB HSG AUTH-A-REV | 4.000% | 12/01/33 | 32 |
| 10 | WORTHINGTON CITY SD-C | 5.500% | 12/01/54 | 32 |
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