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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