Municipals
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Municipal Bond Market Summary:
Week Ending 4/5/24
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 3/28/24-4/5/24
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
| 1 | CA MUNI FIN AUTH | 4.000% | 10/01/46 | 5.78% | 94.09 | 88.94 | 3 |
| 2 | CALIFORNIA STWD CMNTY | 2.148% | 11/15/30 | 3.84% | 89.10 | 85.81 | 2 |
| 3 | PORT AUTH NY NJ-240 | 5.000% | 07/15/44 | 3.19% | 115.37 | 111.80 | 2 |
| 4 | TOLEDO LUCAS PORT-A | 4.000% | 11/15/42 | 2.96% | 88.66 | 86.11 | 2 |
| 5 | DU PAGE CO SD #15-B | 4.663% | 12/15/41 | 2.82% | 92.21 | 89.68 | 4 |
| 6 | KANSAS CITY MO INDL D | 4.000% | 03/01/45 | 2.46% | 96.73 | 94.41 | 6 |
| 7 | CHELAN HOSP DT 1 -REF | 3.625% | 12/01/34 | 2.42% | 97.51 | 95.20 | 2 |
| 8 | BELLWOOD VLG-TXBL | 5.375% | 12/01/32 | 2.33% | 95.16 | 93.00 | 3 |
| 9 | CA HLTH FACS FING AUT | 3.016% | 11/01/30 | 2.22% | 92.45 | 90.45 | 5 |
| 10 | SAN FRANCISCO CA CITY | 5.000% | 11/01/36 | 1.91% | 119.45 | 117.21 | 3 |
Bottom 10 Performers
Showcases the bottom 10 Muni Bond performers based on price movements between 3/28/24-4/5/24
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
| 1 | MO MOSHSG 3.25 11/01/2047 | 3.250% | 11/01/47 | -9.66% | 80.84 | 89.49 | 3 |
| 2 | CA SLSWTR 3.04 03/01/2042 | 3.040% | 03/01/42 | -7.36% | 72.01 | 77.74 | 6 |
| 3 | DC DISGEN 0.00 06/15/2055 | 0.000% | 06/15/55 | -6.96% | 11.35 | 12.20 | 2 |
| 4 | TX RKWSCD 2.38 02/15/2046 | 2.380% | 02/15/46 | -5.39% | 61.86 | 65.38 | 4 |
| 5 | NJ PASGEN 3.00 08/15/2038 | 3.000% | 08/15/38 | -5.11% | 92.18 | 97.15 | 2 |
| 6 | MA LIN 3.50 03/01/2044 | 3.500% | 03/01/44 | -5.06% | 90.98 | 95.83 | 13 |
| 7 | CA SPASCD 3.40 08/01/2049 | 3.404% | 08/01/49 | -4.77% | 72.73 | 76.37 | 5 |
| 8 | MI SAGMED 3.26 07/01/2040 | 3.255% | 07/01/40 | -4.73% | 77.59 | 81.44 | 2 |
| 9 | CA UNVHGR 2.65 05/15/2050 | 2.650% | 05/15/50 | -4.64% | 63.50 | 66.59 | 4 |
| 10 | OK EDMFAC 3.00 07/01/2046 | 3.000% | 07/01/46 | -4.42% | 78.49 | 82.12 | 4 |
Top 10 State Performers
Showcases the top 10 Muni State performers based on yield movements between 3/28/24-4/5/24
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | OR | -21 bps | 3.78% | 3.98% |
| 2 | NC | -18 bps | 3.17% | 3.34% |
| 3 | UT | -16 bps | 3.34% | 3.50% |
| 4 | ID | -9 bps | 3.29% | 3.38% |
| 5 | NJ | -9 bps | 9.97% | 10.06% |
| 6 | AK | -8 bps | 3.32% | 3.39% |
| 7 | NY | -5 bps | 3.56% | 3.61% |
| 8 | MN | -3 bps | 3.42% | 3.44% |
| 9 | PA | -2 bps | 3.69% | 3.71% |
| 10 | TN | -1 bps | 3.51% | 3.52% |
Bottom 10 State Performers
Showcases the bottom 10 Muni State performers based on yield movements between 3/28/24-4/5/24
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | WA | 38 bps | 7.49% | 7.11% |
| 2 | RI | 32 bps | 3.60% | 3.27% |
| 3 | OH | 27 bps | 3.63% | 3.36% |
| 4 | DE | 25 bps | 3.09% | 2.85% |
| 5 | HI | 20 bps | 4.09% | 3.89% |
| 6 | TX | 19 bps | 4.82% | 4.64% |
| 7 | ND | 18 bps | 3.41% | 3.22% |
| 8 | NH | 18 bps | 3.53% | 3.35% |
| 9 | LA | 15 bps | 3.73% | 3.59% |
| 10 | FL | 13 bps | 3.65% | 3.52% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 3/28/24-4/5/24 (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 3/28/24-4/5/24 (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 3/28/24-4/5/24 (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 3/28/24-4/5/24
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 3/28/24 vs. the week ending 4/5/24
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | NY ST URBAN DEV CORP | 1.750% | 03/15/28 | 7 | 76 | 69 | 986% |
| 2 | LOS ANGELES ARPT-A | 5.250% | 05/15/48 | 7 | 62 | 55 | 786% |
| 3 | FLORIDA ST DOT-A-REV | 5.000% | 07/01/26 | 10 | 63 | 53 | 530% |
| 4 | NEW YORK-I-5 | 5.000% | 04/01/32 | 24 | 76 | 52 | 217% |
| 5 | NEW YORK-I-5 | 5.000% | 04/01/33 | 24 | 76 | 52 | 217% |
| 6 | NEW YORK-I-5 | 5.000% | 04/01/34 | 24 | 76 | 52 | 217% |
| 7 | CALIFORNIA CMNTY CHOI | 5.000% | 02/01/54 | 55 | 106 | 51 | 93% |
| 8 | CHICAGO HSG AUTH-B | 4.361% | 01/01/38 | 10 | 60 | 50 | 500% |
| 9 | MIAMI-DADE CNTY REV | 5.000% | 10/01/40 | 30 | 76 | 46 | 153% |
| 10 | PHOENIX CIVIC IMPT | 4.000% | 07/01/44 | 5 | 49 | 44 | 880% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 3/28/24 – 4/5/24
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | UNIV OF CALIFORNIA-BV | 5.000% | 05/15/36 | 44 |
| 2 | LA PAZ IDA-REF-TXBL | 6.900% | 12/01/34 | 44 |
| 3 | MIDLAND ISD | 5.000% | 02/15/47 | 42 |
| 4 | PRIV CLGS & UNIV AUTH | 5.000% | 09/01/33 | 41 |
| 5 | NJ EDUCTNL FACS AUTH | 5.000% | 03/01/38 | 39 |
| 6 | UNIV OF CALIFORNIA-BV | 5.000% | 05/15/37 | 38 |
| 7 | UNIV OF CALIFORNIA-BV | 5.000% | 05/15/41 | 38 |
| 8 | UNIV OF CALIFORNIA-BV | 5.000% | 05/15/43 | 38 |
| 9 | DASNY-A-REV-REF | 5.000% | 03/15/43 | 38 |
| 10 | UNIV OF CALIFORNIA-BV | 5.000% | 05/15/40 | 37 |
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