Municipals
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Municipal Bond Market Summary:
Week Ending 2/16/24
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 2/9/24-2/16/24
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
| 1 | CA HLTH FACS FING AUT | 3.016% | 11/01/30 | 3.54% | 93.03 | 89.86 | 5 |
| 2 | WALLER ISD | 3.000% | 02/15/38 | 3.33% | 92.17 | 89.20 | 4 |
| 3 | KLEIN ISD | 4.000% | 08/01/42 | 3.24% | 105.69 | 102.38 | 2 |
| 4 | TX PUBLIC FIN AUTH-A | 4.000% | 08/15/44 | 3.05% | 98.58 | 95.66 | 2 |
| 5 | OROVILLE CA REVENUE | 5.250% | 04/01/49 | 3.01% | 63.07 | 61.23 | 3 |
| 6 | ALLENTOWN ETC IMPT | 5.375% | 05/01/42 | 2.77% | 99.98 | 97.28 | 2 |
| 7 | W JEFFERSON HILLS PA | 2.000% | 08/01/32 | 2.65% | 91.23 | 88.88 | 2 |
| 8 | MOUNT LEBANON-A-REF | 2.000% | 09/01/31 | 2.29% | 91.17 | 89.13 | 2 |
| 9 | UNIV OK-B-TXBL | 3.990% | 07/01/33 | 2.09% | 93.05 | 91.15 | 2 |
| 10 | HEMPFIELD SCH DT | 2.000% | 04/15/31 | 1.95% | 92.01 | 90.26 | 2 |
Bottom 10 Performers
Showcases the bottom 10 Muni Bond performers based on price movements between 2/9/24-2/16/24
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
| 1 | NY NYSHSG 2.65 11/01/2046 | 2.650% | 11/01/46 | -4.45% | 71.67 | 75.00 | 7 |
| 2 | CA TTATRN 4.00 02/01/2033 | 4.000% | 02/01/33 | -3.75% | 104.17 | 108.23 | 5 |
| 3 | WI PUBFAC 4.25 07/01/2054 | 4.250% | 07/01/54 | -3.75% | 69.99 | 72.72 | 3 |
| 4 | NY WSTDEV 4.00 06/01/2042 | 4.000% | 06/01/42 | -3.71% | 87.27 | 90.63 | 2 |
| 5 | MA MASEDU 5.95 07/01/2044 | 5.950% | 07/01/44 | -3.70% | 100.30 | 104.16 | 6 |
| 6 | RI RISHSG 4.40 10/01/2038 | 4.400% | 10/01/38 | -3.54% | 104.99 | 108.85 | 2 |
| 7 | NV CLAAPT 6.82 07/01/2045 | 6.820% | 07/01/45 | -3.50% | 117.07 | 121.32 | 5 |
| 8 | CA AZU 3.62 08/01/2040 | 3.620% | 08/01/40 | -3.48% | 81.27 | 84.21 | 5 |
| 9 | TN TNSHSG 4.50 07/01/2043 | 4.500% | 07/01/43 | -3.41% | 102.02 | 105.62 | 4 |
| 10 | OK EDMFAC 3.50 07/01/2042 | 3.500% | 07/01/42 | -3.27% | 93.55 | 96.72 | 2 |
Top 10 State Performers
Showcases the top 10 Muni State performers based on yield movements between 2/9/24-2/16/24
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | UT | -32 bps | 3.02% | 3.34% |
| 2 | VA | -21 bps | 3.06% | 3.27% |
| 3 | NC | -19 bps | 3.15% | 3.34% |
| 4 | OH | -16 bps | 3.65% | 3.81% |
| 5 | NH | -12 bps | 3.19% | 3.31% |
| 6 | NJ | -11 bps | 3.67% | 3.79% |
| 7 | MS | -11 bps | 3.57% | 3.68% |
| 8 | LA | -8 bps | 3.30% | 3.38% |
| 9 | AZ | -7 bps | 3.60% | 3.67% |
| 10 | MN | -6 bps | 3.22% | 3.28% |
Bottom 10 State Performers
Showcases the bottom 10 Muni State performers based on yield movements between 2/9/24-2/16/24
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | NE | 43 bps | 3.71% | 3.27% |
| 2 | HI | 39 bps | 4.27% | 3.88% |
| 3 | GA | 17 bps | 3.38% | 3.21% |
| 4 | TN | 13 bps | 3.37% | 3.25% |
| 5 | NM | 12 bps | 3.49% | 3.36% |
| 6 | WI | 9 bps | 3.64% | 3.55% |
| 7 | DC | 9 bps | 4.06% | 3.97% |
| 8 | OK | 8 bps | 3.04% | 2.96% |
| 9 | DE | 8 bps | 3.17% | 3.09% |
| 10 | CA | 7 bps | 3.65% | 3.58% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 2/9/24-2/16/24 (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 2/9/24-2/16/24 (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 2/9/24-2/16/24 (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 2/9/24-2/16/24
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 2/9/24 vs. the week ending 2/16/24
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | FORT WORTH ISD | 4.000% | 02/15/49 | 16 | 114 | 98 | 613% |
| 2 | NJ ECON DEV AUTH | 5.000% | 06/15/33 | 17 | 100 | 83 | 488% |
| 3 | LONG ISLAND NY PWR AU | 5.000% | 09/01/34 | 35 | 100 | 65 | 186% |
| 4 | FORT WORTH ISD | 5.000% | 02/15/49 | 23 | 80 | 57 | 248% |
| 5 | MA DEV FIN AGY-A | 5.000% | 07/15/36 | 18 | 74 | 56 | 311% |
| 6 | KNOXVILLE-REV | 4.000% | 07/01/46 | 9 | 65 | 56 | 622% |
| 7 | HONOLULU CITY & CNTY | 4.125% | 07/01/47 | 15 | 70 | 55 | 367% |
| 8 | JORDAN VLY WTR-A-REF | 4.000% | 10/01/46 | 23 | 75 | 52 | 226% |
| 9 | KNOXVILLE-REV | 4.000% | 07/01/52 | 8 | 60 | 52 | 650% |
| 10 | OK CAPITOL IMPT AUTH | 4.728% | 07/01/47 | 8 | 59 | 51 | 638% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 2/9/24 – 2/16/24
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | OK WTR RES BRD-A | 4.125% | 10/01/53 | 43 |
| 2 | MONTGOMERY CO -A | 5.000% | 08/01/32 | 39 |
| 3 | WYLIE ISD | 4.250% | 02/15/54 | 38 |
| 4 | NYC TRANSIT FIN-F-1 | 5.250% | 02/01/53 | 35 |
| 5 | NYC TRANSIT FIN-F-1 | 4.250% | 02/01/54 | 35 |
| 6 | HOWARD CO HSG COMM | 4.125% | 12/01/43 | 35 |
| 7 | JUDSON ISD | 4.000% | 02/01/53 | 34 |
| 8 | PENNSYLVANIA CMW | 5.000% | 09/01/31 | 33 |
| 9 | GARLAND ISD-A | 5.000% | 02/15/48 | 33 |
| 10 | NYC TRANSIT FIN-F-1 | 5.000% | 02/01/49 | 33 |
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