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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