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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