Municipals

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Municipal Bond Market Summary:
Week Ending 5/17/24

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 5/10/24-5/17/24

RANK BOND NAME COUPON MATURITY CHANGE PRC PRC-1W DEALERS
1 CENTRL TX REGL AUTH-C 3.293% 01/01/42 5.88% 80.09 75.64 6
2 LA PUB FACS-A-BAM 4.000% 01/01/56 5.20% 94.95 90.26 2
3 MILWAUKEE REDEV-CAB-C 0.000% 04/01/40 5.00% 40.96 39.01 4
4 CA HLTH FACS-A 4.000% 03/01/43 4.65% 95.94 91.67 5
5 PORT AUTH NY & NJ-181 4.960% 08/01/46 4.24% 97.40 93.44 6
6 BEVERLY HILLS UNIF SD 3.250% 08/01/42 4.01% 93.45 89.84 7
7 GREAT LAKES MI WTR AU 3.473% 07/01/41 3.80% 82.54 79.52 3
8 UNIV OF NEBRASKA NE-A 3.037% 10/01/49 3.79% 71.13 68.53 6
9 BUCKEYE TOBACCO-A-2 4.000% 06/01/48 3.77% 92.78 89.40 5
10 MARYLAND ECON DEV COR 4.750% 06/01/42 3.61% 85.85 82.86 5

Bottom 10 Performers

Showcases the bottom 10 Muni Bond performers based on price movements between 5/10/24-5/17/24

RANK BOND NAME COUPON MATURITY CHANGE PRC PRC-1W DEALERS
1 TX LPTSCD 4.00 02/15/2045 4.000% 02/15/45 -3.61% 96.57 100.19 7
2 OH OHSHSG 3.35 09/01/2049 3.350% 09/01/49 -3.61% 83.75 86.88 2
3 MA MAS 3.28 06/01/2046 3.277% 06/01/46 -3.03% 72.55 74.82 3
4 CA CHUCTF 3.00 03/01/2036 3.000% 03/01/36 -2.86% 89.06 91.68 2
5 MI MARPWR 3.00 07/01/2034 3.000% 07/01/34 -2.61% 91.91 94.38 3
6 MI WAYHGR 4.00 11/15/2048 4.000% 11/15/48 -2.49% 95.02 97.45 4
7 NY HMVDEV 3.75 10/01/2032 3.750% 10/01/32 -2.42% 97.23 99.65 2
8 IN INSFIN 3.75 10/01/2037 3.750% 10/01/37 -2.41% 77.57 79.49 2
9 IA IASSTD 3.00 04/01/2034 3.000% 04/01/34 -2.36% 93.30 95.56 2
10 KY MCCEDU 3.00 06/01/2035 3.000% 06/01/35 -2.30% 91.49 93.64 2

Top 10 State Performers

Showcases the top 10 Muni State performers based on yield movements between 5/10/24-5/17/24

RANK STATE CHANGE YLD YLD-1W
1 CT -26 bps 3.68% 3.94%
2 NJ -23 bps 3.92% 4.15%
3 WV -18 bps 3.26% 3.44%
4 TN -18 bps 3.37% 3.54%
5 CO -18 bps 3.77% 3.95%
6 NC -17 bps 3.37% 3.54%
7 OR -17 bps 3.97% 4.14%
8 MO -13 bps 3.80% 3.94%
9 NY -12 bps 3.68% 3.80%
10 ME -10 bps 3.96% 4.06%

Bottom 10 State Performers

Showcases the bottom 10 Muni State performers based on yield movements between 5/10/24-5/17/24

RANK STATE CHANGE YLD YLD-1W
1 SC 18 bps 3.45% 3.27%
2 MD 16 bps 3.57% 3.41%
3 ND 15 bps 3.61% 3.46%
4 LA 13 bps 3.84% 3.71%
5 NE 11 bps 3.72% 3.61%
6 IA 8 bps 3.91% 3.82%
7 MN 8 bps 3.61% 3.53%
8 KY 8 bps 3.58% 3.50%
9 KS 8 bps 3.71% 3.64%
10 MT 7 bps 3.64% 3.56%

10 Year Yield by State – All

Displays the average Muni 10 year yield by state between 5/10/24-5/17/24 (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 5/10/24-5/17/24 (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 5/10/24-5/17/24 (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 5/10/24-5/17/24

Top Quote Volume Movers: This Week vs Last Week

Exhibits the Munis with the largest increase in quote volume for the week ending 5/10/24 vs. the week ending 5/17/24

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 WESLACO ISD 4.125% 02/15/49 33 120 87 264%
2 WESLACO ISD 4.250% 02/15/54 32 119 87 272%
3 MIAMI-DADE CNTY FL AV 4.062% 10/01/31 6 77 71 1183%
4 MOBILE CNTY AL BRD S 4.950% 09/01/27 10 75 65 650%
5 CLIFTON HGR EDU-REF 4.000% 08/15/44 3 66 63 2100%
6 KENTUCKY ST PUBLIC EN 5.250% 04/01/54 55 117 62 113%
7 NEW YORK N Y 4.125% 03/01/54 30 91 61 203%
8 BALTIMORE CNTY MD 4.000% 03/01/40 11 71 60 545%
9 NORTHSIDE ISD-A 4.125% 08/15/54 67 125 58 87%
10 OHIO WTR DEV AUTH-A 4.000% 12/01/46 6 62 56 933%

Most Quoted Munis

Ranks the Munis that were quoted by the highest number of dealers between 5/10/24 – 5/17/24

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 CALIFORNIA ST-REF 5.000% 09/01/35 39
4 LA PAZ IDA-REF-TXBL 6.900% 12/01/34 38
5 MARYLAND ST 5.000% 03/15/36 36
6 NEW YORK-D 5.250% 04/01/54 36
7 CA ST PUB WKS BRD-A 5.000% 04/01/42 36
8 NY ENVRNMNTL FACS-A 5.250% 06/15/53 35
9 CALIFORNIA ST-REF 5.000% 09/01/37 35
10 CALIFORNIA-REF-TXBL 4.500% 04/01/33 35

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