Municipals
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Municipal Bond Market Summary:
Week Ending 3/22/24
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 3/15/24-3/22/24
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
| 1 | OKLAHOMA ST MUNI PWR | 2.803% | 01/01/41 | 3.48% | 76.70 | 74.12 | 12 |
| 2 | UNIV OF CA-J-REF-TXBL | 4.131% | 05/15/45 | 2.92% | 91.25 | 88.66 | 6 |
| 3 | MARICOPA CO INDL DEV | 3.167% | 09/01/51 | 2.85% | 69.79 | 67.85 | 4 |
| 4 | SAN FRANCISCO CA CIT | 6.487% | 11/01/41 | 2.76% | 110.29 | 107.33 | 6 |
| 5 | MARYLAND ST HLTH &HGR | 4.000% | 07/01/45 | 2.63% | 99.42 | 96.88 | 2 |
| 6 | UKIAH PUB FIN AUTH | 4.000% | 04/01/47 | 2.56% | 102.55 | 100.00 | 12 |
| 7 | PORT AUTH NY & NJ-182 | 5.310% | 08/01/46 | 2.51% | 99.17 | 96.74 | 10 |
| 8 | HOT SPRINGS-A-TXBL | 2.280% | 12/01/29 | 2.48% | 88.93 | 86.78 | 8 |
| 9 | PUERTO RICO AQUEDUCT- | 4.000% | 07/01/42 | 2.38% | 95.47 | 93.25 | 5 |
| 10 | SAN BERNARDINO CCD | 2.786% | 08/01/45 | 2.29% | 71.29 | 69.69 | 7 |
Bottom 10 Performers
Showcases the bottom 10 Muni Bond performers based on price movements between 3/15/24-3/22/24
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
| 1 | WA KINHSG 2.25 12/01/2041 | 2.250% | 12/01/41 | -6.49% | 69.92 | 74.77 | 3 |
| 2 | CO REGTRN 5.84 11/01/2050 | 5.844% | 11/01/50 | -5.49% | 106.32 | 112.50 | 4 |
| 3 | CT CTSHSG 1.45 05/15/2031 | 1.450% | 05/15/31 | -5.15% | 83.41 | 87.94 | 2 |
| 4 | NY ITC 3.00 02/15/2037 | 3.000% | 02/15/37 | -4.98% | 90.69 | 95.45 | 2 |
| 5 | WI PUBGEN 6.15 08/01/2028 | 6.145% | 08/01/28 | -4.58% | 89.78 | 94.09 | 7 |
| 6 | NM NMSHSG 1.80 01/01/2032 | 1.800% | 01/01/32 | -4.25% | 84.64 | 88.40 | 2 |
| 7 | NY NYCGEN 3.00 02/01/2038 | 3.000% | 02/01/38 | -3.76% | 90.08 | 93.60 | 2 |
| 8 | CA UNVHGR 2.25 05/15/2034 | 2.247% | 05/15/34 | -3.66% | 77.93 | 80.89 | 9 |
| 9 | NY MTATRN 4.00 11/15/2048 | 4.000% | 11/15/48 | -3.18% | 94.24 | 97.33 | 4 |
| 10 | TX TXSSFH 1.70 09/01/2031 | 1.700% | 09/01/31 | -2.99% | 84.24 | 86.84 | 2 |
Top 10 State Performers
Showcases the top 10 Muni State performers based on yield movements between 3/15/24-3/22/24
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | DE | -23 bps | 2.95% | 3.18% |
| 2 | KS | -21 bps | 3.37% | 3.58% |
| 3 | MS | -13 bps | 3.59% | 3.72% |
| 4 | ID | -12 bps | 3.30% | 3.42% |
| 5 | HI | -11 bps | 3.73% | 3.84% |
| 6 | AL | -11 bps | 3.48% | 3.58% |
| 7 | TX | -10 bps | 4.65% | 4.75% |
| 8 | NV | -7 bps | 3.27% | 3.34% |
| 9 | ME | -7 bps | 3.40% | 3.47% |
| 10 | AZ | -4 bps | 3.52% | 3.56% |
Bottom 10 State Performers
Showcases the bottom 10 Muni State performers based on yield movements between 3/15/24-3/22/24
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | TN | 19 bps | 3.52% | 3.33% |
| 2 | RI | 15 bps | 3.40% | 3.26% |
| 3 | CO | 14 bps | 3.94% | 3.79% |
| 4 | NM | 14 bps | 3.59% | 3.45% |
| 5 | LA | 13 bps | 3.39% | 3.26% |
| 6 | MO | 10 bps | 3.44% | 3.34% |
| 7 | AK | 10 bps | 3.60% | 3.50% |
| 8 | VA | 9 bps | 3.35% | 3.25% |
| 9 | CT | 8 bps | 3.63% | 3.55% |
| 10 | WV | 8 bps | 3.54% | 3.46% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 3/15/24-3/22/24 (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 3/15/24-3/22/24 (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 3/15/24-3/22/24 (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 3/15/24-3/22/24
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 3/15/24 vs. the week ending 3/22/24
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | UNIV OF DELAWARE DE | 4.071% | 11/01/50 | 2 | 66 | 64 | 3200% |
| 2 | MONROE CO INDL-B-TXBL | 5.130% | 07/01/33 | 6 | 63 | 57 | 950% |
| 3 | UNIV OF WASHINGTON-B | 2.618% | 04/01/42 | 8 | 61 | 53 | 663% |
| 4 | NEW JERSEY ST TRANSPR | 5.000% | 06/15/35 | 13 | 64 | 51 | 392% |
| 5 | OHIO UNIV GEN RECPTS | 3.024% | 12/01/50 | 3 | 52 | 49 | 1633% |
| 6 | RIVERSIDE CNTY CA TRA | 5.000% | 06/01/34 | 8 | 52 | 44 | 550% |
| 7 | NJ HLTH CARE FACS FIN | 5.000% | 07/01/34 | 51 | 90 | 39 | 76% |
| 8 | DELAWARE RIVER & BAY | 5.000% | 01/01/35 | 18 | 56 | 38 | 211% |
| 9 | LOS ANGELES-B-REF | 5.000% | 05/15/28 | 7 | 45 | 38 | 543% |
| 10 | FAIRFAX CNTY VA ECON | 5.000% | 04/01/47 | 34 | 71 | 37 | 109% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 3/15/24 – 3/22/24
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | PRIV CLGS & UNIV AUTH | 5.000% | 09/01/33 | 44 |
| 2 | LA PAZ IDA-REF-TXBL | 6.900% | 12/01/34 | 40 |
| 3 | MIDLAND ISD | 5.000% | 02/15/47 | 37 |
| 4 | UNIV OF CALIFORNIA-BV | 5.000% | 05/15/36 | 37 |
| 5 | UNIV OF CALIFORNIA-BV | 5.000% | 05/15/40 | 35 |
| 6 | NYC MUNI WTR FIN-BB-2 | 5.250% | 06/15/47 | 35 |
| 7 | NYC TRANSIT FIN-F-1 | 4.250% | 02/01/54 | 35 |
| 8 | NJ EDUCTNL FACS AUTH | 5.000% | 03/01/38 | 35 |
| 9 | NYC TRANSIT FIN-F-1 | 5.000% | 02/01/48 | 34 |
| 10 | NYC TRANSIT FIN-F-1 | 5.000% | 02/01/47 | 33 |
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