Municipals
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Municipal Bond Market Summary:
Week Ending 3/15/24
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 3/8/24-3/15/24
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
| 1 | PORT AUTH NY/NJ-TXBL | 4.031% | 09/01/48 | 4.21% | 86.13 | 82.65 | 6 |
| 2 | CSCDA CMNTY IMPT AUTH | 4.000% | 08/01/56 | 3.98% | 86.14 | 82.84 | 3 |
| 3 | TX TRANSPRTN COM-REF | 4.000% | 10/01/33 | 3.83% | 99.75 | 96.08 | 5 |
| 4 | TEXAS DEPT HSG-A | 3.625% | 09/01/44 | 3.74% | 96.98 | 93.49 | 11 |
| 5 | UNIV OF CA-AP-TXBL | 3.931% | 05/15/45 | 3.56% | 94.92 | 91.66 | 7 |
| 6 | NEW YORK ST MTG -242 | 3.200% | 10/01/47 | 3.52% | 86.76 | 83.82 | 4 |
| 7 | PHILADELPHIA INDL | 4.000% | 12/01/47 | 3.35% | 92.03 | 89.05 | 6 |
| 8 | PALO ALTO CA USD CAP | 0.000% | 08/01/33 | 3.01% | 78.90 | 76.60 | 17 |
| 9 | NEWTOWN | 2.000% | 03/15/34 | 2.96% | 90.88 | 88.27 | 2 |
| 10 | GA HSG & FIN AUTH -B | 3.250% | 12/01/49 | 2.68% | 84.86 | 82.65 | 10 |
Bottom 10 Performers
Showcases the bottom 10 Muni Bond performers based on price movements between 3/8/24-3/15/24
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
| 1 | IN MSDEDU 5.00 07/15/2034 | 5.000% | 07/15/34 | -5.02% | 105.59 | 111.17 | 5 |
| 2 | TX CDP 3.00 02/15/2036 | 3.000% | 02/15/36 | -4.67% | 93.49 | 98.07 | 2 |
| 3 | OH OHSHSG 1.95 09/01/2032 | 1.950% | 09/01/32 | -4.67% | 84.11 | 88.23 | 3 |
| 4 | FL FLSMED 4.00 11/15/2038 | 4.000% | 11/15/38 | -4.01% | 98.63 | 102.76 | 3 |
| 5 | IL STSGEN 3.24 01/01/2042 | 3.238% | 01/01/42 | -3.97% | 79.56 | 82.85 | 6 |
| 6 | LA NEW 4.13 12/01/2038 | 4.125% | 12/01/38 | -3.93% | 85.72 | 89.23 | 2 |
| 7 | IL ILSHSG 1.80 04/01/2032 | 1.800% | 04/01/32 | -3.63% | 83.89 | 87.05 | 2 |
| 8 | PA CMNGEN 2.99 06/01/2042 | 2.991% | 06/01/42 | -3.63% | 74.31 | 77.11 | 3 |
| 9 | OK SAPGEN 0.00 07/01/2032 | 0.000% | 07/01/32 | -3.53% | 74.79 | 77.53 | 2 |
| 10 | NY MIN 2.00 01/15/2034 | 2.000% | 01/15/34 | -3.49% | 82.40 | 85.38 | 2 |
Top 10 State Performers
Showcases the top 10 Muni State performers based on yield movements between 3/8/24-3/15/24
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | NC | -28 bps | 3.04% | 3.32% |
| 2 | NM | -17 bps | 3.45% | 3.62% |
| 3 | HI | -16 bps | 3.85% | 4.01% |
| 4 | CO | -14 bps | 3.79% | 3.94% |
| 5 | NE | -14 bps | 3.28% | 3.42% |
| 6 | MD | -9 bps | 3.30% | 3.40% |
| 7 | FL | -9 bps | 3.49% | 3.59% |
| 8 | SC | -8 bps | 3.18% | 3.26% |
| 9 | AZ | -6 bps | 3.56% | 3.62% |
| 10 | WI | -5 bps | 3.51% | 3.57% |
Bottom 10 State Performers
Showcases the bottom 10 Muni State performers based on yield movements between 3/8/24-3/15/24
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | UT | 49 bps | 3.24% | 2.75% |
| 2 | WA | 47 bps | 6.30% | 5.83% |
| 3 | RI | 41 bps | 3.26% | 2.85% |
| 4 | ID | 29 bps | 3.42% | 3.14% |
| 5 | MS | 25 bps | 3.72% | 3.47% |
| 6 | AK | 24 bps | 3.50% | 3.26% |
| 7 | AL | 22 bps | 3.58% | 3.36% |
| 8 | ME | 21 bps | 3.46% | 3.24% |
| 9 | KS | 20 bps | 3.58% | 3.38% |
| 10 | NH | 17 bps | 3.32% | 3.15% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 3/8/24-3/15/24 (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 3/8/24-3/15/24 (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 3/8/24-3/15/24 (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 3/8/24-3/15/24
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 3/8/24 vs. the week ending 3/15/24
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | TRIBOROUGH NY BRIDGE | 4.000% | 11/15/56 | 5 | 88 | 83 | 1660% |
| 2 | LOWER COLORADO RIVER | 5.250% | 05/15/54 | 5 | 84 | 79 | 1580% |
| 3 | LIBERTY NYS DEV CORP | 5.250% | 10/01/35 | 60 | 135 | 75 | 125% |
| 4 | LOWER COLORADO RIVER | 5.000% | 05/15/49 | 5 | 78 | 73 | 1460% |
| 5 | DONNA-CTFS OBLIG | 5.000% | 02/15/39 | 2 | 68 | 66 | 3300% |
| 6 | SEGUIN ISD-A | 4.000% | 02/15/49 | 9 | 73 | 64 | 711% |
| 7 | LOWER COLORADO RIVER | 5.000% | 05/15/45 | 4 | 67 | 63 | 1575% |
| 8 | SPRINGFIELD UTIL-REF | 4.000% | 08/01/36 | 8 | 71 | 63 | 788% |
| 9 | WA SUBURBAN SAN DIST | 4.000% | 06/01/44 | 20 | 82 | 62 | 310% |
| 10 | STOUGHTON -A | 4.000% | 04/01/35 | 8 | 69 | 61 | 763% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 3/8/24 – 3/15/24
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | PRIV CLGS & UNIV AUTH | 5.000% | 09/01/33 | 44 |
| 2 | NYC TRANSIT FIN-F-1 | 4.250% | 02/01/54 | 35 |
| 3 | WASHINGTON ST -C | 5.000% | 02/01/48 | 34 |
| 4 | MIDLAND ISD | 5.000% | 02/15/47 | 34 |
| 5 | UNIV OF CALIFORNIA-BV | 5.000% | 05/15/36 | 34 |
| 6 | LA PAZ IDA-REF-TXBL | 6.900% | 12/01/34 | 33 |
| 7 | NYC TRANSIT FIN-F-1 | 5.000% | 02/01/47 | 33 |
| 8 | NYC TRANSIT FIN-F-1 | 5.000% | 02/01/48 | 33 |
| 9 | NYC MUNI WTR FIN-BB-2 | 5.250% | 06/15/47 | 32 |
| 10 | UNIV OF CALIFORNIA-BV | 5.000% | 05/15/33 | 31 |
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