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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