Municipals

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Municipal Bond Market Summary:
Week Ending 6/7/24

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 5/31/24-6/7/24

RANK BOND NAME COUPON MATURITY CHANGE PRC PRC-1W DEALERS
1 UNIV OF MICHIGAN-A 4.454% 04/01/22 5.63% 85.56 81.00 8
2 SC PUB SVC AUTH-B-BAM 4.000% 12/01/50 5.58% 97.65 92.49 3
3 NASSAU CO-A 4.000% 04/01/54 5.43% 97.97 92.92 7
4 LODI USD 3.000% 08/01/46 5.33% 84.18 79.92 7
5 MIAMI-DADE CO-A-2-REV 3.000% 10/01/50 5.26% 77.74 73.85 3
6 SANTA CLARA CO-B-TXBL 2.250% 08/01/40 5.13% 68.67 65.32 4
7 OMAHA NE PUBLIC PWR D 4.000% 02/01/51 5.00% 99.24 94.52 13
8 CA MUNI FIN AUTH 4.000% 10/01/46 4.70% 93.03 88.86 5
9 DASNY-A-REV-REF 4.000% 03/15/54 4.64% 97.28 92.97 7
10 UTAH ST TRANSIT AUTH 2.774% 12/15/38 4.60% 78.42 74.97 4

Bottom 10 Performers

Showcases the bottom 10 Muni Bond performers based on price movements between 5/31/24-6/7/24

RANK BOND NAME COUPON MATURITY CHANGE PRC PRC-1W DEALERS
1 GA OCODEV 5.75 03/01/2045 5.750% 03/01/45 -4.56% 86.42 90.55 4
2 GA MELPWR 7.06 04/01/2057 7.055% 04/01/57 -3.84% 108.95 113.30 7
3 PR PRC 0.00 11/01/2051 0.000% 11/01/51 -3.78% 28.89 30.02 6
4 CA GLDGEN 2.75 06/01/2034 2.746% 06/01/34 -3.15% 81.70 84.35 8
5 WI MTH 2.00 02/01/2036 2.000% 02/01/36 -2.82% 76.74 78.97 13
6 WI WISMED 4.00 02/15/2042 4.000% 02/15/42 -2.64% 84.70 87.00 3
7 KY PAISCD 3.50 03/01/2038 3.500% 03/01/38 -2.61% 89.84 92.25 3
8 KY LOUUTL 2.00 10/01/2033 2.000% 10/01/33 -2.59% 79.16 81.27 5
9 FL MDCTRN 5.00 10/01/2035 5.000% 10/01/35 -2.12% 107.02 109.34 5
10 WA ENEPWR 5.00 07/01/2038 5.000% 07/01/38 -2.11% 112.02 114.44 6

Top 10 State Performers

Showcases the top 10 Muni State performers based on yield movements between 5/31/24-6/7/24

RANK STATE CHANGE YLD YLD-1W
1 RI -39 bps 3.56% 3.95%
2 NH -34 bps 3.91% 4.25%
3 AL -32 bps 3.95% 4.28%
4 NV -32 bps 3.83% 4.15%
5 PA -31 bps 4.05% 4.37%
6 NE -27 bps 3.97% 4.25%
7 MN -27 bps 3.85% 4.12%
8 WI -27 bps 3.98% 4.25%
9 WA -26 bps 3.82% 4.09%
10 OK -26 bps 3.71% 3.98%

Bottom 10 State Performers

Showcases the bottom 10 Muni State performers based on yield movements between 5/31/24-6/7/24

RANK STATE CHANGE YLD YLD-1W
1 DE 8 bps 3.60% 3.51%
2 AK 8 bps 3.82% 3.74%
3 CO -2 bps 3.90% 3.93%
4 OR -3 bps 4.10% 4.12%
5 LA -4 bps 3.93% 3.97%
6 AZ -6 bps 4.07% 4.12%
7 AR -6 bps 4.41% 4.47%
8 HI -10 bps 3.88% 3.98%
9 MD -12 bps 3.76% 3.88%
10 OH -12 bps 3.95% 4.07%

10 Year Yield by State – All

Displays the average Muni 10 year yield by state between 5/31/24-6/7/24 (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 5/31/24-6/7/24 (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 5/31/24-6/7/24 (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 5/31/24-6/7/24

Top Quote Volume Movers: This Week vs Last Week

Exhibits the Munis with the largest increase in quote volume for the week ending 5/31/24 vs. the week ending 6/7/24

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 NJ TPK AUTH -B -REV 5.250% 01/01/54 16 96 80 500%
2 COLUMBIA-A-REV 5.250% 02/01/53 15 88 73 487%
3 TEXAS ST WTR DEV BRD 5.000% 10/15/31 41 112 71 173%
4 NY ST URBAN DEV COR-A 5.000% 03/15/27 6 77 71 1183%
5 DUNCANVILLE ISD 4.125% 02/15/54 11 80 69 627%
6 MA DEV FIN AGY-REF 4.000% 10/01/44 32 97 65 203%
7 CLARK CO -A REV 5.000% 07/01/34 5 69 64 1280%
8 OREGON ST DEPT -A 5.000% 11/15/35 12 74 62 517%
9 CALIFORNIA ST 5.000% 09/01/34 10 70 60 600%
10 CLARK CO -A REV 5.000% 07/01/35 5 64 59 1180%

Most Quoted Munis

Ranks the Munis that were quoted by the highest number of dealers between 5/31/24 – 6/7/24

RANK TRANCHE COUPON MATURITY DEALERS
1 LOS ANGELES UNIF SD-A 5.000% 07/01/33 40
2 TRIBOROUGH BRIDGE-B-1 4.125% 05/15/54 40
3 CALIFORNIA ST 5.000% 11/01/30 37
4 MA DEV FIN AGY-B 5.000% 02/15/33 37
5 CALIFORNIA ST-REF 5.000% 09/01/35 35
6 LOS ANGELES UNIF SD-A 5.000% 07/01/34 35
7 LOS ANGELES UNIF SD-A 5.000% 07/01/32 35
8 SC JOBS-ECON DEV -A 4.500% 11/01/54 34
9 CALIFORNIA-REF-TXBL 4.500% 04/01/33 34
10 ENERGY NW-A-REF 5.000% 07/01/35 34

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