Municipals

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Municipal Bond Market Summary:
Week Ending 5/3/24

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 4/26/24-5/3/24

RANK BOND NAME COUPON MATURITY CHANGE PRC PRC-1W DEALERS
1 BROWARD CNTY FL ARPT 3.477% 10/01/43 4.88% 83.83 79.93 4
2 GOLDEN ST TOBACCO-A1 4.214% 06/01/50 4.33% 74.73 71.63 6
3 MO ST HSG DEV COMM-A 3.250% 11/01/47 4.03% 83.05 79.84 3
4 LINCOLN NEB WEST HAYMARKET JT 4.750% 12/15/35 3.75% 97.97 94.43 5
5 FITCHBURG 2.000% 03/01/36 3.58% 84.93 82.00 3
6 PORT AUTH NYS & NJ T 5.647% 11/01/40 3.51% 105.20 101.63 2
7 CHICAGO IL TRAN AUTH 6.899% 12/01/40 3.37% 112.82 109.15 2
8 OK UNIV BRD OF RGTS-A 5.685% 07/01/37 3.35% 102.86 99.52 16
9 SAN FRANCISCO CA CITY 2.834% 06/15/50 3.31% 65.90 63.79 3
10 LOS ANGELES ARPTS-A 4.242% 05/15/48 3.30% 85.15 82.44 14

Bottom 10 Performers

Showcases the bottom 10 Muni Bond performers based on price movements between 4/26/24-5/3/24

RANK BOND NAME COUPON MATURITY CHANGE PRC PRC-1W DEALERS
1 IA TOBGEN 4.00 06/01/2049 4.000% 06/01/49 -4.62% 89.18 93.50 4
2 CA CASMED 4.00 11/15/2045 4.000% 11/15/45 -4.38% 94.47 98.80 2
3 MD MDSEDU 4.00 06/01/2052 4.000% 06/01/52 -4.32% 93.44 97.65 7
4 MO KANUTL 3.00 01/01/2038 3.000% 01/01/38 -4.26% 86.48 90.33 2
5 FL VILDEV 3.25 05/01/2052 3.250% 05/01/52 -4.10% 77.12 80.42 4
6 WA NOBUTL 4.00 08/01/2051 4.000% 08/01/51 -4.03% 78.05 81.33 2
7 OH FRAGEN 4.00 12/01/2049 4.000% 12/01/49 -3.74% 92.45 96.03 3
8 MI QUISCD 3.60 05/01/2034 3.600% 05/01/34 -3.32% 94.52 97.76 2
9 WV BEREDU 4.00 06/01/2038 4.000% 06/01/38 -3.27% 102.91 106.38 5
10 CA DHSGEN 4.00 03/01/2048 4.000% 03/01/48 -3.26% 96.44 99.69 2

Top 10 State Performers

Showcases the top 10 Muni State performers based on yield movements between 4/26/24-5/3/24

RANK STATE CHANGE YLD YLD-1W
1 ME -22 bps 3.97% 4.18%
2 VA -20 bps 3.36% 3.56%
3 WA -19 bps 3.70% 3.89%
4 CO -19 bps 3.96% 4.15%
5 GA -19 bps 3.30% 3.49%
6 CT -18 bps 3.68% 3.86%
7 NE -16 bps 3.71% 3.87%
8 KS -15 bps 3.78% 3.94%
9 DC -15 bps 3.82% 3.97%
10 MS -14 bps 3.65% 3.80%

Bottom 10 State Performers

Showcases the bottom 10 Muni State performers based on yield movements between 4/26/24-5/3/24

RANK STATE CHANGE YLD YLD-1W
1 NC 6 bps 3.49% 3.44%
2 SC 4 bps 3.46% 3.43%
3 DE 2 bps 3.12% 3.10%
4 OH 2 bps 3.82% 3.80%
5 KY 0 bps 3.69% 3.70%
6 AL -1 bps 3.83% 3.83%
7 LA -1 bps 3.72% 3.73%
8 WI -4 bps 3.88% 3.92%
9 AZ -4 bps 3.67% 3.71%
10 OR -4 bps 3.81% 3.85%

10 Year Yield by State – All

Displays the average Muni 10 year yield by state between 4/26/24-5/3/24 (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 4/26/24-5/3/24 (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 4/26/24-5/3/24 (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 4/26/24-5/3/24

Top Quote Volume Movers: This Week vs Last Week

Exhibits the Munis with the largest increase in quote volume for the week ending 4/26/24 vs. the week ending 5/3/24

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 MARYLAND ST DEPT OF T 5.000% 12/01/29 14 88 74 529%
2 HONOLULU CITY & CNTY 2.585% 07/01/28 12 78 66 550%
3 PECOS BARSTOW ISD-PRE 4.000% 02/15/36 10 75 65 650%
4 MICHIGAN FIN AUTH-REV 5.000% 02/28/39 5 68 63 1260%
5 MICHIGAN FIN AUTH-REV 5.250% 02/28/41 5 68 63 1260%
6 MICHIGAN FIN AUTH-REV 5.000% 08/31/35 5 68 63 1260%
7 MICHIGAN FIN AUTH-REV 5.000% 02/29/36 5 68 63 1260%
8 MICHIGAN FIN AUTH-REV 5.000% 02/28/37 5 68 63 1260%
9 MICHIGAN FIN AUTH-REV 5.250% 02/28/43 5 68 63 1260%
10 MINNESOTA ST-COPS-REV 5.000% 11/01/43 8 69 61 763%

Most Quoted Munis

Ranks the Munis that were quoted by the highest number of dealers between 4/26/24 – 5/3/24

RANK TRANCHE COUPON MATURITY DEALERS
1 CALIFORNIA ST-REF 5.000% 09/01/43 44
2 NEW JERSEY EDUCTNL-B 4.000% 03/01/53 42
3 CALIFORNIA ST-REF 5.000% 09/01/35 41
4 NEW YORK-D 5.250% 04/01/54 41
5 CALIFORNIA ST-REF 5.000% 09/01/36 40
6 DASNY-A-REV-REF 5.000% 03/15/43 40
7 NY ENVRNMNTL FACS-A 5.250% 06/15/53 39
8 CALIFORNIA ST-REF 5.000% 09/01/37 38
9 LA PAZ IDA-REF-TXBL 6.900% 12/01/34 37
10 CALIFORNIA ST-REF 4.000% 09/01/37 36

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