Municipals
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Municipal Bond Market Summary:
Week Ending 5/10/24
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 5/3/24-5/10/24
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
| 1 | S W OH LOCAL SCH DIST | 4.000% | 01/15/55 | 6.29% | 96.56 | 90.85 | 8 |
| 2 | CA MUNI FIN AUTH-AGM | 4.000% | 02/01/51 | 6.23% | 97.59 | 91.87 | 5 |
| 3 | HAMILTON CNTY OH HOSP | 3.750% | 08/15/50 | 6.20% | 90.28 | 85.01 | 8 |
| 4 | CVI-CW/PRIFA RUM | 0.000% | 11/01/51 | 5.70% | 51.16 | 48.40 | 8 |
| 5 | MUNICIPAL ELEC AUTH | 7.055% | 04/01/57 | 4.87% | 112.19 | 106.98 | 7 |
| 6 | BROOKHAVEN DEV AUTH-A | 3.000% | 07/01/46 | 4.66% | 79.03 | 75.51 | 5 |
| 7 | MARYLAND STADIUM AUTH | 4.000% | 06/01/52 | 4.62% | 97.75 | 93.44 | 9 |
| 8 | ST PUB SCH BLDG AUTH | 3.096% | 04/01/32 | 4.60% | 88.63 | 84.74 | 2 |
| 9 | CLAIRTON AUTH-A-REF | 4.000% | 12/01/38 | 4.58% | 100.56 | 96.16 | 2 |
| 10 | MICHIGAN ST UNIV-TXBL | 4.165% | 08/15/22 | 4.03% | 76.37 | 73.41 | 5 |
Bottom 10 Performers
Showcases the bottom 10 Muni Bond performers based on price movements between 5/3/24-5/10/24
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
| 1 | TN TNSHSG 1.90 07/01/2033 | 1.900% | 07/01/33 | -5.60% | 81.08 | 85.90 | 2 |
| 2 | WA NOBUTL 4.00 08/01/2051 | 4.000% | 08/01/51 | -4.91% | 74.22 | 78.05 | 2 |
| 3 | MT CASSCD 3.00 07/01/2035 | 3.000% | 07/01/35 | -3.95% | 92.36 | 96.16 | 2 |
| 4 | IL CHITRN 6.20 12/01/2040 | 6.200% | 12/01/40 | -3.52% | 105.68 | 109.53 | 5 |
| 5 | TN PIG 5.00 06/01/2031 | 5.000% | 06/01/31 | -3.37% | 111.37 | 115.25 | 2 |
| 6 | NJ ATL 2.00 06/01/2032 | 2.000% | 06/01/32 | -3.33% | 84.29 | 87.19 | 2 |
| 7 | NC NCSHSG 5.50 01/01/2054 | 5.500% | 01/01/54 | -3.02% | 106.49 | 109.80 | 10 |
| 8 | MT CASSCD 3.00 07/01/2033 | 3.000% | 07/01/33 | -2.75% | 94.24 | 96.91 | 2 |
| 9 | TX RAISCD 4.00 02/15/2031 | 4.000% | 02/15/31 | -2.73% | 101.12 | 103.96 | 2 |
| 10 | MT MTSSFH 1.85 12/01/2036 | 1.850% | 12/01/36 | -2.73% | 77.42 | 79.60 | 2 |
Top 10 State Performers
Showcases the top 10 Muni State performers based on yield movements between 5/3/24-5/10/24
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | SC | -23 bps | 3.27% | 3.50% |
| 2 | MD | -22 bps | 3.41% | 3.63% |
| 3 | ND | -19 bps | 3.46% | 3.65% |
| 4 | NE | -19 bps | 3.61% | 3.80% |
| 5 | NV | -17 bps | 3.53% | 3.70% |
| 6 | KS | -17 bps | 3.64% | 3.81% |
| 7 | KY | -12 bps | 3.57% | 3.69% |
| 8 | OH | -8 bps | 3.74% | 3.82% |
| 9 | MI | -8 bps | 3.82% | 3.91% |
| 10 | IA | -8 bps | 3.82% | 3.90% |
Bottom 10 State Performers
Showcases the bottom 10 Muni State performers based on yield movements between 5/3/24-5/10/24
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | OR | 33 bps | 4.14% | 3.80% |
| 2 | NJ | 31 bps | 4.14% | 3.83% |
| 3 | CT | 26 bps | 3.93% | 3.67% |
| 4 | AZ | 14 bps | 3.82% | 3.67% |
| 5 | DE | 14 bps | 3.22% | 3.08% |
| 6 | WI | 13 bps | 3.99% | 3.86% |
| 7 | MO | 9 bps | 3.94% | 3.84% |
| 8 | PA | 9 bps | 3.95% | 3.86% |
| 9 | ME | 9 bps | 4.05% | 3.96% |
| 10 | UT | 8 bps | 3.55% | 3.47% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 5/3/24-5/10/24 (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 5/3/24-5/10/24 (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 5/3/24-5/10/24 (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 5/3/24-5/10/24
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 5/3/24 vs. the week ending 5/10/24
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | NYC HSG DEV CORP -B – | 3.119% | 08/01/38 | 24 | 89 | 65 | 271% |
| 2 | FT ZUMWALT SD-TXB-D | 5.300% | 03/01/29 | 14 | 75 | 61 | 436% |
| 3 | NEW YORK N Y | 5.000% | 03/01/31 | 41 | 96 | 55 | 134% |
| 4 | BEAUMONT -TXBL-REF -B | 2.435% | 03/01/35 | 38 | 93 | 55 | 145% |
| 5 | IL ST HSG DEV AUTH | 4.650% | 10/01/43 | 6 | 60 | 54 | 900% |
| 6 | HAYS ISD | 4.000% | 02/15/42 | 100 | 153 | 53 | 53% |
| 7 | SPARTANBURG REGL HLTH | 5.000% | 04/15/30 | 9 | 61 | 52 | 578% |
| 8 | SPARTANBURG REGL HLTH | 5.000% | 04/15/31 | 9 | 60 | 51 | 567% |
| 9 | SPARTANBURG REGL HLTH | 5.000% | 04/15/29 | 9 | 60 | 51 | 567% |
| 10 | DALLAS COLLEGE | 5.000% | 02/15/32 | 16 | 67 | 51 | 319% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 5/3/24 – 5/10/24
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | NEW JERSEY EDUCTNL-B | 4.000% | 03/01/53 | 42 |
| 2 | CALIFORNIA ST-REF | 5.000% | 09/01/43 | 39 |
| 3 | LA PAZ IDA-REF-TXBL | 6.900% | 12/01/34 | 38 |
| 4 | DASNY-A-REV-REF | 5.000% | 03/15/43 | 37 |
| 5 | NEW YORK-D | 5.250% | 04/01/54 | 37 |
| 6 | CALIFORNIA ST-REF | 5.000% | 09/01/35 | 37 |
| 7 | NY ENVRNMNTL FACS-A | 5.250% | 06/15/53 | 36 |
| 8 | OMAHA PUB PWR DT -A | 5.250% | 02/01/53 | 36 |
| 9 | CA ST PUB WKS BRD-A | 5.000% | 04/01/42 | 36 |
| 10 | MARYLAND ST | 5.000% | 03/15/36 | 35 |
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