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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