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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