Municipals

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Municipal Bond Market Summary:
Week Ending 3/28/24

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 3/22/24-3/28/24

RANK BOND NAME COUPON MATURITY CHANGE PRC PRC-1W DEALERS
1 CHICAGO BOE-A 5.000% 12/01/34 2.80% 109.64 106.66 10
2 BELTRAMI CO-A 4.000% 12/01/49 2.58% 98.60 96.11 3
3 DASNY-B-TXBL-REF-REV 2.774% 07/01/43 2.55% 74.11 72.27 6
4 LOS ANGELES ARPTS-A 4.242% 05/15/48 2.28% 86.72 84.79 11
5 SAN JOAQUIN HILLS-B 3.492% 01/15/50 2.12% 77.40 75.79 6
6 CMWLTH FIN AUTH-A 2.991% 06/01/42 2.01% 75.84 74.34 3
7 FOOTHILL ESTRN TRANSP 3.924% 01/15/53 1.95% 80.46 78.92 3
8 MIAMI DADE CO WTR&SWR 3.490% 10/01/42 1.93% 82.44 80.88 8
9 ALAMEDA CORRIDOR-B 0.000% 10/01/51 1.86% 19.30 18.94 7
10 LOS RANCHOS DE -REF 4.000% 09/01/40 1.85% 97.69 95.92 10

Bottom 10 Performers

Showcases the bottom 10 Muni Bond performers based on price movements between 3/22/24-3/28/24

RANK BOND NAME COUPON MATURITY CHANGE PRC PRC-1W DEALERS
1 CT CTSHSG 6.25 05/15/2054 6.250% 05/15/54 -3.74% 110.36 114.65 2
2 NY NYSFAC 3.00 03/15/2040 3.000% 03/15/40 -3.23% 87.50 90.43 6
3 CA ORAUTL 5.00 02/01/2033 5.000% 02/01/33 -3.00% 114.93 118.49 9
4 OK NORMED 4.00 09/01/2037 4.000% 09/01/37 -2.91% 88.89 91.55 2
5 CA CASMED 3.02 11/01/2030 3.016% 11/01/30 -2.85% 90.45 93.10 5
6 NY PORTRN 5.00 07/15/2044 5.000% 07/15/44 -2.70% 111.80 114.90 2
7 CA UNVHGR 4.13 05/15/2045 4.131% 05/15/45 -2.65% 88.83 91.25 6
8 WI WISMED 3.50 02/15/2040 3.500% 02/15/40 -2.64% 83.12 85.38 3
9 VT VTSHSG 1.90 11/01/2030 1.900% 11/01/30 -2.64% 86.93 89.29 2
10 ND WES 3.25 05/01/2040 3.250% 05/01/40 -2.53% 91.56 93.93 3

Top 10 State Performers

Showcases the top 10 Muni State performers based on yield movements between 3/22/24-3/28/24

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 3/22/24-3/28/24

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 3/22/24-3/28/24 (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 3/22/24-3/28/24 (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 3/22/24-3/28/24 (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 3/22/24-3/28/24

Top Quote Volume Movers: This Week vs Last Week

Exhibits the Munis with the largest increase in quote volume for the week ending 3/22/24 vs. the week ending 3/28/24

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 MIAMI-DADE CNTY AVIAT 2.349% 10/01/27 6 88 82 1367%
2 DENVER SCH DIST #1 5.000% 12/01/41 5 85 80 1600%
3 DT OF COLUMBIA 5.000% 01/01/41 5 75 70 1400%
4 HOUSTON ARPT SYS REV 1.816% 07/01/27 36 103 67 186%
5 PORT OF OAKLAND CA 1.949% 05/01/28 42 106 64 152%
6 OREGON DEPT TRANS 5.000% 11/15/40 5 69 64 1280%
7 COLUMBIA DT-A-REV 5.000% 05/01/42 25 80 55 220%
8 UNIV OF TEXAS-A-TXBL 3.376% 07/01/47 35 89 54 154%
9 OGDEN REDEV AGY 5.250% 01/15/58 12 63 51 425%
10 E CENTRL ISD 4.000% 08/15/54 41 92 51 124%

Most Quoted Munis

Ranks the Munis that were quoted by the highest number of dealers between 3/22/24 – 3/28/24

RANK TRANCHE COUPON MATURITY DEALERS
1 LA PAZ IDA-REF-TXBL 6.900% 12/01/34 43
2 PRIV CLGS & UNIV AUTH 5.000% 09/01/33 43
3 UNIV OF CALIFORNIA-BV 5.000% 05/15/36 39
4 MIDLAND ISD 5.000% 02/15/47 39
5 NJ EDUCTNL FACS AUTH 5.000% 03/01/38 36
6 NEW JERSEY EDUCTNL-B 4.000% 03/01/53 35
7 UNIV OF CALIFORNIA-BV 5.000% 05/15/40 35
8 NYC MUNI WTR FIN-BB-2 5.250% 06/15/47 35
9 UNIV OF CALIFORNIA-BV 5.000% 05/15/41 35
10 UNIV OF CALIFORNIA-BV 5.000% 05/15/43 34

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