Municipals
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Municipal Bond Market Summary:
Week Ending 5/31/24
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 5/24/24-5/31/24
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
| 1 | FL DEV FIN CORP-B | 6.500% | 06/01/59 | 3.14% | 99.96 | 96.92 | 3 |
| 2 | AVIMOR CMNTYS DT#1 | 5.875% | 09/01/53 | 3.00% | 103.00 | 100.00 | 2 |
| 3 | ISHPEMING | 2.870% | 05/01/36 | 2.08% | 78.64 | 77.03 | 5 |
| 4 | VIRGINIA ST SMALL BUS | 4.000% | 11/01/37 | 1.95% | 102.49 | 100.53 | 2 |
| 5 | CHELTENHAM INDL DEV | 5.000% | 04/01/44 | 1.91% | 102.03 | 100.12 | 3 |
| 6 | TRIBOROUGH BRIDGE | 5.000% | 11/15/38 | 1.61% | 104.83 | 103.17 | 3 |
| 7 | SAN FRANCISCO CALIF C | 3.053% | 05/01/34 | 1.58% | 84.81 | 83.49 | 7 |
| 8 | NM HOSP EQUIP-A | 5.000% | 07/01/33 | 1.45% | 98.01 | 96.62 | 2 |
| 9 | MURRAY EDUCTNL FACS | 4.125% | 09/01/40 | 1.33% | 99.15 | 97.85 | 2 |
| 10 | MONTGOMERY ECON-B-REF | 3.945% | 06/01/39 | 1.22% | 88.00 | 86.94 | 5 |
Bottom 10 Performers
Showcases the bottom 10 Muni Bond performers based on price movements between 5/24/24-5/31/24
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
| 1 | WI PUBFIN 5.00 03/01/2048 | 5.000% | 03/01/48 | -5.71% | 77.28 | 81.96 | 2 |
| 2 | MI GRTWTR 3.47 07/01/2041 | 3.473% | 07/01/41 | -5.19% | 81.40 | 85.86 | 3 |
| 3 | UT UTSFAC 3.13 05/15/2037 | 3.125% | 05/15/37 | -4.93% | 86.61 | 91.10 | 2 |
| 4 | ND WES 3.00 05/01/2034 | 3.000% | 05/01/34 | -4.89% | 90.38 | 95.03 | 2 |
| 5 | VA LDNDEV 3.00 12/01/2030 | 3.000% | 12/01/30 | -4.65% | 94.22 | 98.82 | 3 |
| 6 | OH AMEPWR 8.08 02/15/2050 | 8.084% | 02/15/50 | -4.63% | 130.26 | 136.58 | 9 |
| 7 | CA SMSSCD 0.00 08/01/2051 | 0.000% | 08/01/51 | -4.50% | 30.48 | 31.91 | 4 |
| 8 | NY NYSHGR 4.00 03/15/2047 | 4.000% | 03/15/47 | -4.46% | 94.66 | 99.07 | 12 |
| 9 | CA RIPSCD 3.25 08/01/2042 | 3.250% | 08/01/42 | -4.33% | 84.91 | 88.75 | 2 |
| 10 | CA OAK 3.50 01/15/2042 | 3.500% | 01/15/42 | -4.26% | 89.09 | 93.06 | 2 |
Top 10 State Performers
Showcases the top 10 Muni State performers based on yield movements between 5/24/24-5/31/24
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | OR | -14 bps | 4.13% | 4.27% |
| 2 | RI | -9 bps | 3.95% | 4.04% |
| 3 | CO | -8 bps | 3.93% | 4.01% |
| 4 | CT | -3 bps | 4.13% | 4.16% |
| 5 | UT | -3 bps | 3.97% | 4.00% |
| 6 | HI | -2 bps | 3.98% | 4.01% |
| 7 | IL | 0 bps | 4.38% | 4.39% |
| 8 | OH | 0 bps | 4.09% | 4.08% |
| 9 | CA | 3 bps | 4.08% | 4.05% |
| 10 | MT | 4 bps | 4.05% | 4.01% |
Bottom 10 State Performers
Showcases the bottom 10 Muni State performers based on yield movements between 5/24/24-5/31/24
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | DC | 43 bps | 4.03% | 3.60% |
| 2 | AL | 30 bps | 4.28% | 3.97% |
| 3 | NE | 28 bps | 4.25% | 3.97% |
| 4 | SC | 27 bps | 3.93% | 3.66% |
| 5 | GA | 25 bps | 3.61% | 3.36% |
| 6 | WV | 22 bps | 3.67% | 3.45% |
| 7 | ND | 22 bps | 4.16% | 3.94% |
| 8 | VA | 21 bps | 3.92% | 3.71% |
| 9 | NJ | 21 bps | 4.36% | 4.14% |
| 10 | TN | 21 bps | 3.96% | 3.75% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 5/24/24-5/31/24 (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 5/24/24-5/31/24 (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 5/24/24-5/31/24 (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 5/24/24-5/31/24
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 5/24/24 vs. the week ending 5/31/24
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | STHRN CA TOBACCO -REF | 0.000% | 06/01/54 | 10 | 70 | 60 | 600% |
| 2 | MIAMI FL PKG SYS REV | 5.000% | 10/01/29 | 25 | 77 | 52 | 208% |
| 3 | ALAMO TX CMNTY CLG DI | 5.000% | 02/15/29 | 52 | 102 | 50 | 96% |
| 4 | NEWARK-A-REF | 5.000% | 10/01/26 | 22 | 70 | 48 | 218% |
| 5 | HAMILTON COUNTY | 5.000% | 12/01/26 | 22 | 70 | 48 | 218% |
| 6 | NEW JERSEY ST TRANSPR | 4.000% | 06/15/44 | 13 | 58 | 45 | 346% |
| 7 | DUVAL CO SCH BRD -COP | 5.000% | 07/01/27 | 27 | 71 | 44 | 163% |
| 8 | CHARLOTTE-B-REF-COPS | 5.000% | 06/01/27 | 22 | 66 | 44 | 200% |
| 9 | LA DEPT OF APRTS-B | 5.000% | 05/15/33 | 11 | 55 | 44 | 400% |
| 10 | FAIRFAX CO -A | 4.000% | 10/01/26 | 21 | 65 | 44 | 210% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 5/24/24 – 5/31/24
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | CALIFORNIA ST-REF | 5.000% | 09/01/35 | 40 |
| 2 | LOS ANGELES UNIF SD-A | 5.000% | 07/01/34 | 38 |
| 3 | LOS ANGELES UNIF SD-A | 5.000% | 07/01/32 | 36 |
| 4 | CALIFORNIA-REF-TXBL | 4.500% | 04/01/33 | 36 |
| 5 | TRIBOROUGH BRIDGE-B-1 | 4.125% | 05/15/54 | 35 |
| 6 | LOS ANGELES UNIF SD-A | 5.000% | 07/01/33 | 35 |
| 7 | MA DEV FIN AGY-B | 5.000% | 02/15/33 | 35 |
| 8 | CALIFORNIA ST-REF | 5.000% | 09/01/43 | 34 |
| 9 | SC JOBS-ECON DEV -A | 4.500% | 11/01/54 | 34 |
| 10 | HOUSTON HGR EDU FIN C | 5.000% | 05/15/34 | 34 |
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