Municipals

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Municipal Bond Market Summary:
Week Ending 3/1/24

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 2/23/24-3/1/24

RANK BOND NAME COUPON MATURITY CHANGE PRC PRC-1W DEALERS
1 CHARLOTTE-MECKLENBURG 3.204% 01/15/51 3.82% 72.99 70.30 11
2 SAN FRANCISCO CALIF C 3.345% 05/01/51 3.78% 74.59 71.88 6
3 PORT BEAUMONT TX INDL 4.100% 01/01/28 3.51% 85.03 82.15 2
4 CALIFORNIA ST UNIV-B 2.939% 11/01/52 3.36% 70.58 68.29 5
5 DALLAS AREA RAPID -A 2.613% 12/01/48 3.26% 68.36 66.20 4
6 N BERGEN BRD OF EDU 4.000% 07/15/51 3.07% 99.25 96.29 2
7 PUERTO RICO INDL-A-2 6.500% 01/01/42 3.02% 117.44 113.99 3
8 FOOTHILL ESTRN TRANSP 3.924% 01/15/53 2.83% 80.17 77.97 3
9 LOS ANGELES ARPTS-A 4.242% 05/15/48 2.82% 85.18 82.84 3
10 UNIV OF MICHIGAN-A 3.504% 04/01/52 2.74% 78.96 76.85 6

Bottom 10 Performers

Showcases the bottom 10 Muni Bond performers based on price movements between 2/23/24-3/1/24

RANK BOND NAME COUPON MATURITY CHANGE PRC PRC-1W DEALERS
1 NY SYOSCD 2.13 12/15/2037 2.125% 12/15/37 -3.01% 79.30 81.76 12
2 AZ TUCCTF 6.75 07/01/2030 6.750% 07/01/30 -2.92% 105.54 108.71 4
3 TX ANNSCD 4.00 08/15/2050 4.000% 08/15/50 -2.62% 96.91 99.51 2
4 IN SJOEDU 6.50 03/01/2026 6.500% 03/01/26 -2.58% 104.24 107.00 2
5 PA SCAGEN 4.00 06/01/2049 4.000% 06/01/49 -2.38% 96.09 98.43 2
6 NY NYSHGR 5.00 05/01/2037 5.000% 05/01/37 -2.35% 111.00 113.67 2
7 NY ORAGEN 5.00 07/01/2029 5.000% 07/01/29 -2.22% 100.57 102.85 9
8 MA LYN 3.00 09/01/2033 3.000% 09/01/33 -2.22% 95.80 97.98 2
9 FL SOUMED 3.50 05/01/2039 3.500% 05/01/39 -2.21% 92.80 94.89 2
10 NH NHSSFH 3.16 07/01/2040 3.163% 07/01/40 -2.17% 97.00 99.16 4

Top 10 State Performers

Showcases the top 10 Muni State performers based on yield movements between 2/23/24-3/1/24

RANK STATE CHANGE YLD YLD-1W
1 OR -26 bps 3.74% 3.99%
2 OH -18 bps 3.50% 3.68%
3 KS -17 bps 3.35% 3.51%
4 FL -15 bps 3.49% 3.64%
5 NE -12 bps 3.41% 3.53%
6 LA -11 bps 3.15% 3.25%
7 NY -11 bps 3.63% 3.74%
8 TN -9 bps 3.19% 3.28%
9 IA -8 bps 3.47% 3.55%
10 NM -7 bps 3.51% 3.58%

Bottom 10 State Performers

Showcases the bottom 10 Muni State performers based on yield movements between 2/23/24-3/1/24

RANK STATE CHANGE YLD YLD-1W
1 OK 26 bps 3.20% 2.94%
2 NV 16 bps 3.33% 3.17%
3 MA 15 bps 3.62% 3.46%
4 KY 15 bps 3.24% 3.10%
5 HI 12 bps 4.16% 4.04%
6 ME 8 bps 3.27% 3.19%
7 NC 7 bps 3.37% 3.31%
8 DE 7 bps 3.09% 3.02%
9 AK 6 bps 3.61% 3.55%
10 ID 6 bps 3.40% 3.34%

10 Year Yield by State – All

Displays the average Muni 10 year yield by state between 2/23/24-3/1/24 (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 2/23/24-3/1/24 (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 2/23/24-3/1/24 (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 2/23/24-3/1/24

Top Quote Volume Movers: This Week vs Last Week

Exhibits the Munis with the largest increase in quote volume for the week ending 2/23/24 vs. the week ending 3/1/24

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 LOS ANGELES DEPT ARPT 5.000% 05/15/30 29 92 63 217%
2 NEW YORK ST DORM AUTH 2.592% 07/01/35 9 69 60 667%
3 DASNY -A -REF -GROUP 4.000% 03/15/47 15 72 57 380%
4 LIBERTY HILL ISD 4.000% 02/01/48 10 67 57 570%
5 MOUNT VERNON ISD 4.000% 08/15/53 11 67 56 509%
6 MIAMI-DADE CO -REV 5.000% 07/01/47 2 57 55 2750%
7 NEW YORK ST DORM AUTH 5.000% 07/01/50 29 80 51 176%
8 BONHAM ISD 4.000% 02/15/53 30 80 50 167%
9 NYC TRANSITIONAL-F-1 5.000% 02/01/47 24 73 49 204%
10 NEW YORK ST TWY -C 5.000% 03/15/55 34 83 49 144%

Most Quoted Munis

Ranks the Munis that were quoted by the highest number of dealers between 2/23/24 – 3/1/24

RANK TRANCHE COUPON MATURITY DEALERS
1 OK WTR RES BRD-A 4.125% 10/01/53 43
2 PRIV CLGS & UNIV AUTH 5.000% 09/01/33 42
3 WYLIE ISD 4.250% 02/15/54 38
4 CARRIZO SPRINGS ISD 5.000% 08/15/49 36
5 GARLAND ISD-A 5.000% 02/15/48 35
6 HOWARD CO HSG COMM 4.125% 12/01/43 35
7 NYC TRANSIT FIN-F-1 4.250% 02/01/54 35
8 MONTGOMERY CO -A 5.000% 08/01/32 35
9 PENN TNPK COMM-C-REF 4.000% 12/01/51 33
10 NYC TRANSIT FIN-F-1 5.000% 02/01/47 33

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