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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