Municipals
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Municipal Bond Market Summary:
Week Ending 4/12/24
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 4/5/24-4/12/24
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
| 1 | IL HSG DEV AUTH-G | 5.000% | 10/01/46 | 3.92% | 106.80 | 102.77 | 2 |
| 2 | HAMPDEN & WILBRAHAM | 2.000% | 08/15/33 | 3.65% | 87.27 | 84.19 | 2 |
| 3 | DETROIT MI CITY S/D | 7.747% | 05/01/39 | 2.60% | 118.31 | 115.31 | 3 |
| 4 | SETTLERS CROSSING MD | 5.125% | 12/01/50 | 2.35% | 95.75 | 93.56 | 2 |
| 5 | MONARCH-CHESTERFIELD | 4.000% | 03/01/40 | 2.10% | 100.45 | 98.38 | 3 |
| 6 | HARTFORD CO MET DT | 4.000% | 08/01/41 | 2.09% | 105.09 | 102.94 | 2 |
| 7 | DORCHESTER CNTY-REV | 4.000% | 10/01/44 | 2.01% | 99.89 | 97.92 | 4 |
| 8 | CALIFORNIA ST INFRAST | 4.408% | 10/01/49 | 1.75% | 79.29 | 77.93 | 2 |
| 9 | PORT FREEPORT TX SENI | 3.000% | 06/01/32 | 1.75% | 94.55 | 92.93 | 2 |
| 10 | PUB FIN AUTH | 4.250% | 07/01/54 | 1.70% | 77.30 | 76.00 | 3 |
Bottom 10 Performers
Showcases the bottom 10 Muni Bond performers based on price movements between 4/5/24-4/12/24
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
| 1 | MN MINEDU 5.75 07/01/2055 | 5.750% | 07/01/55 | -5.39% | 84.57 | 89.39 | 5 |
| 2 | CA CASMED 5.25 11/01/2052 | 5.250% | 11/01/52 | -4.93% | 106.72 | 112.26 | 17 |
| 3 | WA NOBUTL 4.00 08/01/2051 | 4.000% | 08/01/51 | -4.89% | 90.14 | 94.77 | 2 |
| 4 | WA KINHSG 2.75 01/01/2040 | 2.750% | 01/01/40 | -4.55% | 76.75 | 80.42 | 7 |
| 5 | PA CMNGEN 2.99 06/01/2042 | 2.991% | 06/01/42 | -4.43% | 72.75 | 76.12 | 3 |
| 6 | IL ILSHSG 5.25 10/01/2052 | 5.250% | 10/01/52 | -4.17% | 104.01 | 108.53 | 2 |
| 7 | IL SCC 3.11 10/01/2040 | 3.108% | 10/01/40 | -4.16% | 73.41 | 76.59 | 2 |
| 8 | CA UNVHGR 3.26 05/15/2060 | 3.256% | 05/15/60 | -4.15% | 66.21 | 69.08 | 9 |
| 9 | PA PASTRN 5.56 12/01/2049 | 5.561% | 12/01/49 | -4.01% | 100.57 | 104.77 | 4 |
| 10 | CA SFOAPT 2.96 05/01/2051 | 2.958% | 05/01/51 | -3.80% | 66.97 | 69.61 | 7 |
Top 10 State Performers
Showcases the top 10 Muni State performers based on yield movements between 4/5/24-4/12/24
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | MT | -16 bps | 3.48% | 3.64% |
| 2 | RI | -15 bps | 3.39% | 3.54% |
| 3 | WV | -10 bps | 3.48% | 3.59% |
| 4 | OR | -10 bps | 3.78% | 3.88% |
| 5 | DC | -10 bps | 3.87% | 3.97% |
| 6 | HI | -10 bps | 3.80% | 3.89% |
| 7 | DE | -8 bps | 3.07% | 3.15% |
| 8 | TN | -8 bps | 3.40% | 3.48% |
| 9 | MD | -7 bps | 3.55% | 3.63% |
| 10 | NC | -6 bps | 3.37% | 3.43% |
Bottom 10 State Performers
Showcases the bottom 10 Muni State performers based on yield movements between 4/5/24-4/12/24
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | GA | 32 bps | 3.56% | 3.24% |
| 2 | ME | 23 bps | 3.82% | 3.58% |
| 3 | NH | 19 bps | 3.66% | 3.47% |
| 4 | AK | 17 bps | 3.44% | 3.28% |
| 5 | NY | 14 bps | 3.79% | 3.65% |
| 6 | UT | 13 bps | 3.52% | 3.38% |
| 7 | KS | 13 bps | 3.76% | 3.62% |
| 8 | IA | 12 bps | 3.80% | 3.67% |
| 9 | MN | 11 bps | 3.56% | 3.45% |
| 10 | KY | 10 bps | 3.43% | 3.33% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 4/5/24-4/12/24 (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 4/5/24-4/12/24 (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 4/5/24-4/12/24 (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 4/5/24-4/12/24
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 4/5/24 vs. the week ending 4/12/24
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | MEDINA VLY ISD | 4.000% | 02/15/53 | 8 | 74 | 66 | 825% |
| 2 | NYC TRANS FIN AUTH-B3 | 2.770% | 08/01/28 | 30 | 94 | 64 | 213% |
| 3 | MONTGOMERY CO -REF-C | 1.750% | 11/01/33 | 5 | 69 | 64 | 1280% |
| 4 | KING CO -B -REF -TXBL | 2.430% | 01/01/39 | 7 | 68 | 61 | 871% |
| 5 | MET TRANS AUTH-A-REF | 5.000% | 11/15/47 | 73 | 129 | 56 | 77% |
| 6 | SEGUIN -CTFS OF OBLIG | 4.250% | 09/01/54 | 4 | 60 | 56 | 1400% |
| 7 | VIRGINIA ST HSG DEV A | 2.800% | 03/01/39 | 25 | 80 | 55 | 220% |
| 8 | OMAHA NE PUBLIC PWR D | 4.000% | 02/01/46 | 66 | 119 | 53 | 80% |
| 9 | OH TPK COMMN-CABS-A2 | 0.000% | 02/15/37 | 12 | 65 | 53 | 442% |
| 10 | NEW JERSEY ST TRANSN TR FD AUTH | 0.000% | 12/15/37 | 10 | 61 | 51 | 510% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 4/5/24 – 4/12/24
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | UNIV OF CALIFORNIA-BV | 5.000% | 05/15/36 | 45 |
| 2 | MIDLAND ISD | 5.000% | 02/15/47 | 43 |
| 3 | DASNY-A-REV-REF | 5.000% | 03/15/43 | 43 |
| 4 | NJ EDUCTNL FACS AUTH | 5.000% | 03/01/38 | 40 |
| 5 | UNIV OF CALIFORNIA-BV | 5.000% | 05/15/41 | 38 |
| 6 | UNIV OF CALIFORNIA-BV | 5.000% | 05/15/43 | 38 |
| 7 | UNIV OF CALIFORNIA-BV | 5.000% | 05/15/37 | 38 |
| 8 | UNIV OF CALIFORNIA-BV | 5.000% | 05/15/40 | 37 |
| 9 | PRIV CLGS & UNIV AUTH | 5.000% | 09/01/33 | 36 |
| 10 | NYC MUNI WTR FIN-BB-2 | 5.250% | 06/15/47 | 35 |
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