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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