Municipals

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Municipal Bond Market Summary:
Week Ending 4/19/24

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 4/12/24-4/19/24

RANK BOND NAME COUPON MATURITY CHANGE PRC PRC-1W DEALERS
1 TEXAS ST -A -AMT 4.125% 08/01/46 3.92% 95.53 91.93 13
2 GLENDALE AZ INDL DEV 4.000% 11/15/27 3.80% 91.88 88.52 2
3 PA ECON DEV FIN AUTH 4.000% 04/15/50 2.77% 93.84 91.31 6
4 PENNSYLVANIA ST HGR E 4.000% 08/15/49 2.76% 96.14 93.56 18
5 PR SALES TAX FING-A1 0.000% 07/01/33 2.69% 69.79 67.96 4
6 CVI-CW/CONV CTR 0.000% 11/01/51 2.68% 41.09 40.02 5
7 COLORADO ST -COPS-R 4.000% 03/15/45 2.30% 98.83 96.61 4
8 MIAMI-DADE CO WTR&SWR 4.000% 10/01/49 2.29% 96.57 94.41 14
9 DINOSAUR RIDGE MET DT 5.000% 06/01/49 2.16% 94.40 92.40 2
10 LAGUNA CO SAN DT-COPS 3.000% 12/01/33 1.99% 97.45 95.55 2

Bottom 10 Performers

Showcases the bottom 10 Muni Bond performers based on price movements between 4/12/24-4/19/24

RANK BOND NAME COUPON MATURITY CHANGE PRC PRC-1W DEALERS
1 CA LOSAPT 4.00 05/15/2044 4.000% 05/15/44 -5.31% 94.07 99.34 10
2 GA MELPWR 6.66 04/01/2057 6.655% 04/01/57 -4.86% 109.48 115.07 3
3 NH NFAGEN 3.30 04/01/2032 3.300% 04/01/32 -4.76% 73.80 77.49 6
4 IL STSGEN 4.79 01/01/2048 4.787% 01/01/48 -4.38% 89.21 93.30 3
5 PA SPRSCD 2.00 11/15/2031 2.000% 11/15/31 -4.38% 86.26 90.21 3
6 MD MDSMED 3.20 07/01/2050 3.197% 07/01/50 -3.94% 68.83 71.65 2
7 TX TAFSCD 4.21 08/15/2036 4.207% 08/15/36 -3.82% 93.30 97.01 2
8 MO WENCTF 3.00 11/01/2044 3.000% 11/01/44 -3.76% 77.42 80.45 3
9 OH AMEPWR 5.94 02/15/2047 5.939% 02/15/47 -3.72% 101.30 105.21 3
10 CA LAATRN 4.24 05/15/2048 4.242% 05/15/48 -3.68% 82.52 85.67 14

Top 10 State Performers

Showcases the top 10 Muni State performers based on yield movements between 4/12/24-4/19/24

RANK STATE CHANGE YLD YLD-1W
1 DC -16 bps 3.70% 3.87%
2 HI -12 bps 3.67% 3.79%
3 CO -8 bps 4.00% 4.08%
4 WA -8 bps 3.82% 3.90%
5 FL -8 bps 3.68% 3.76%
6 LA -6 bps 3.67% 3.73%
7 CT -5 bps 3.75% 3.79%
8 WV -2 bps 3.46% 3.48%
9 DE -1 bps 3.06% 3.07%
10 NH -1 bps 3.65% 3.66%

Bottom 10 State Performers

Showcases the bottom 10 Muni State performers based on yield movements between 4/12/24-4/19/24

RANK STATE CHANGE YLD YLD-1W
1 NE 30 bps 3.80% 3.50%
2 VA 27 bps 3.63% 3.37%
3 SC 25 bps 3.43% 3.18%
4 AK 23 bps 3.66% 3.43%
5 ME 19 bps 3.93% 3.74%
6 RI 17 bps 3.56% 3.39%
7 MD 15 bps 3.70% 3.55%
8 KY 11 bps 3.53% 3.42%
9 IA 11 bps 3.91% 3.80%
10 GA 10 bps 3.43% 3.33%

10 Year Yield by State – All

Displays the average Muni 10 year yield by state between 4/12/24-4/19/24 (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 4/12/24-4/19/24 (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 4/12/24-4/19/24 (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 4/12/24-4/19/24

Top Quote Volume Movers: This Week vs Last Week

Exhibits the Munis with the largest increase in quote volume for the week ending 4/12/24 vs. the week ending 4/19/24

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 HAWAII ST-B-TXBL-REV 3.484% 07/01/50 34 106 72 212%
2 BAY AREA TOLL AUTH 4.125% 04/01/54 38 106 68 179%
3 MD DEPT HSG & CMNTY D 6.362% 09/01/53 26 89 63 242%
4 CHINO VLY CA UNIF SD 5.000% 08/01/55 47 108 61 130%
5 ILLINOIS ST TOLL HIGH 5.000% 01/01/28 52 110 58 112%
6 SAN ANTONIO RIVER AUT 4.375% 01/01/45 3 60 57 1900%
7 MET TRANSPRTN AUTH NY 5.000% 11/15/33 30 87 57 190%
8 TEXAS ST -A -AMT 4.125% 08/01/46 4 60 56 1400%
9 BELMONT ETC SD-B-REF 4.000% 08/01/46 18 74 56 311%
10 ILLINOIS ST FOR ISSU 6.630% 02/01/35 62 115 53 85%

Most Quoted Munis

Ranks the Munis that were quoted by the highest number of dealers between 4/12/24 – 4/19/24

RANK TRANCHE COUPON MATURITY DEALERS
1 MIDLAND ISD 5.000% 02/15/47 43
2 DASNY-A-REV-REF 5.000% 03/15/43 43
3 UNIV OF CALIFORNIA-BV 5.000% 05/15/36 42
4 NEW JERSEY EDUCTNL-B 4.000% 03/01/53 40
5 LA PAZ IDA-REF-TXBL 6.900% 12/01/34 40
6 CALIFORNIA ST-REF 5.000% 09/01/43 36
7 DASNY-A-REV-REF 5.250% 03/15/52 35
8 NEW YORK-E-REF 5.000% 08/01/34 35
9 NY ENVRNMNTL FACS-A 5.250% 06/15/53 34
10 MET TRANS AUTH-A-REF 5.500% 11/15/47 34

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