Municipals
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Municipal Bond Market Summary:
Week Ending 4/26/24
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 4/19/24-4/26/24
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
| 1 | MILTON TWN | 1.450% | 02/01/38 | 5.12% | 70.20 | 66.78 | 3 |
| 2 | MIAMI-DADE IDA | 5.000% | 01/15/48 | 4.29% | 98.00 | 93.97 | 3 |
| 3 | PORTLAND PORT-27-A | 4.000% | 07/01/50 | 3.99% | 96.69 | 92.98 | 6 |
| 4 | NY ST URBAN DEV-A-REF | 3.000% | 03/15/40 | 3.76% | 88.71 | 85.50 | 5 |
| 5 | TOPEKA-REV-A | 4.000% | 08/01/40 | 3.46% | 104.28 | 100.80 | 2 |
| 6 | S BROWARD HOSP DT-A | 2.375% | 05/01/45 | 3.30% | 67.15 | 65.01 | 4 |
| 7 | CHESAPEAKE-REV-REF | 2.000% | 07/01/39 | 3.30% | 74.58 | 72.20 | 5 |
| 8 | ILLINOIS ST HSG DEV A | 5.250% | 10/01/52 | 2.91% | 106.33 | 103.33 | 2 |
| 9 | FIREFLY PID 1 -A(2)-1 | 6.625% | 03/01/54 | 2.36% | 101.75 | 99.40 | 2 |
| 10 | UNION CO -REV | 3.000% | 06/01/37 | 2.32% | 93.28 | 91.16 | 9 |
Bottom 10 Performers
Showcases the bottom 10 Muni Bond performers based on price movements between 4/19/24-4/26/24
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
| 1 | FL MIAMED 4.00 08/01/2046 | 4.000% | 08/01/46 | -5.21% | 93.99 | 99.16 | 5 |
| 2 | CA CASGEN 4.00 12/01/2057 | 4.000% | 12/01/57 | -5.15% | 92.28 | 97.29 | 4 |
| 3 | MI KALMED 3.50 05/15/2041 | 3.500% | 05/15/41 | -5.04% | 84.78 | 89.28 | 3 |
| 4 | MO MOSMED 3.75 11/15/2039 | 3.750% | 11/15/39 | -4.61% | 91.26 | 95.67 | 2 |
| 5 | TN KXVUTL 3.50 03/01/2041 | 3.500% | 03/01/41 | -4.37% | 90.48 | 94.61 | 2 |
| 6 | NY ORAGEN 3.25 07/01/2032 | 3.250% | 07/01/32 | -4.32% | 81.73 | 85.42 | 2 |
| 7 | NY NYCHSG 4.25 11/01/2043 | 4.250% | 11/01/43 | -4.25% | 100.81 | 105.28 | 2 |
| 8 | GA ATLFAC 5.10 12/01/2047 | 5.100% | 12/01/47 | -4.10% | 93.02 | 97.00 | 2 |
| 9 | FL HALMED 3.75 06/01/2041 | 3.750% | 06/01/41 | -3.89% | 88.61 | 92.19 | 3 |
| 10 | PA HAV 2.00 06/01/2032 | 2.000% | 06/01/32 | -3.78% | 85.79 | 89.16 | 2 |
Top 10 State Performers
Showcases the top 10 Muni State performers based on yield movements between 4/19/24-4/26/24
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | VA | -7 bps | 3.56% | 3.63% |
| 2 | MD | -2 bps | 3.69% | 3.71% |
| 3 | UT | -2 bps | 3.55% | 3.57% |
| 4 | MN | -2 bps | 3.67% | 3.69% |
| 5 | OR | -1 bps | 3.85% | 3.85% |
| 6 | SC | 0 bps | 3.43% | 3.43% |
| 7 | MO | 0 bps | 3.92% | 3.92% |
| 8 | NC | 0 bps | 3.44% | 3.43% |
| 9 | OK | 2 bps | 3.73% | 3.71% |
| 10 | OH | 3 bps | 3.80% | 3.77% |
Bottom 10 State Performers
Showcases the bottom 10 Muni State performers based on yield movements between 4/19/24-4/26/24
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | DC | 26 bps | 3.97% | 3.70% |
| 2 | ME | 25 bps | 4.18% | 3.94% |
| 3 | CO | 15 bps | 4.15% | 4.00% |
| 4 | KY | 15 bps | 3.68% | 3.53% |
| 5 | NJ | 15 bps | 3.94% | 3.79% |
| 6 | AL | 13 bps | 3.83% | 3.70% |
| 7 | KS | 13 bps | 3.94% | 3.80% |
| 8 | WI | 13 bps | 3.92% | 3.79% |
| 9 | NM | 12 bps | 3.54% | 3.41% |
| 10 | AZ | 12 bps | 3.70% | 3.58% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 4/19/24-4/26/24 (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 4/19/24-4/26/24 (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 4/19/24-4/26/24 (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 4/19/24-4/26/24
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 4/19/24 vs. the week ending 4/26/24
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | CALIFORNIA ST-BAM | 3.000% | 03/01/50 | 2 | 77 | 75 | 3750% |
| 2 | NEW YORK CITY NY TRAN | 4.000% | 08/01/42 | 10 | 85 | 75 | 750% |
| 3 | PA TPK COMM-B-REF | 4.000% | 12/01/41 | 3 | 78 | 75 | 2500% |
| 4 | SAN FRANCISCO ARPT 20 | 5.000% | 05/01/50 | 43 | 115 | 72 | 167% |
| 5 | COLUMBIA WTRWKS/SWR-B | 4.000% | 02/01/41 | 7 | 71 | 64 | 914% |
| 6 | BEXAR CO -CTFS OBLIG | 3.000% | 06/15/47 | 7 | 66 | 59 | 843% |
| 7 | MA BAY TRANS AUTH-A-2 | 5.000% | 07/01/52 | 45 | 103 | 58 | 129% |
| 8 | NEW JERSEY ST-A | 5.000% | 06/01/28 | 55 | 109 | 54 | 98% |
| 9 | MET TRANSPRTN AUTH-A2 | 4.000% | 11/15/41 | 21 | 74 | 53 | 252% |
| 10 | UTAH HSG CORP SF-A | 4.900% | 01/01/49 | 20 | 73 | 53 | 265% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 4/19/24 – 4/26/24
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | NEW JERSEY EDUCTNL-B | 4.000% | 03/01/53 | 41 |
| 2 | DASNY-A-REV-REF | 5.000% | 03/15/43 | 40 |
| 3 | CALIFORNIA ST-REF | 5.000% | 09/01/36 | 38 |
| 4 | CALIFORNIA ST-REF | 5.000% | 09/01/43 | 38 |
| 5 | NEW YORK-D | 5.250% | 04/01/54 | 37 |
| 6 | LA PAZ IDA-REF-TXBL | 6.900% | 12/01/34 | 37 |
| 7 | ID HSG & FIN ASSN -A | 5.000% | 08/15/48 | 37 |
| 8 | CALIFORNIA ST-REF | 4.000% | 09/01/37 | 36 |
| 9 | NEW YORK-E-REF | 5.000% | 08/01/34 | 35 |
| 10 | CALIFORNIA ST | 5.000% | 09/01/34 | 35 |
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