Municipals
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Municipal Bond Market Summary:
Week Ending 6/14/24
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 6/7/24-6/14/24
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
| 1 | HOUSTON -D -REV -TXBL | 2.542% | 11/15/40 | 5.96% | 74.86 | 70.65 | 10 |
| 2 | JACKSON CNTY SD #6 | 0.000% | 06/15/48 | 4.84% | 32.02 | 30.54 | 4 |
| 3 | ROANOKE VA ECON DEV A | 5.000% | 07/01/47 | 4.36% | 116.62 | 111.75 | 7 |
| 4 | PORT AUTH NY/NJ-TXBL | 4.229% | 10/15/57 | 4.31% | 88.43 | 84.77 | 4 |
| 5 | CAMERON CO | 2.872% | 02/15/38 | 4.14% | 80.62 | 77.41 | 7 |
| 6 | BREMERTON SD# 100-C | 5.000% | 12/01/38 | 4.07% | 115.23 | 110.72 | 9 |
| 7 | HENRICO CO ECON D-B | 4.000% | 08/01/39 | 4.01% | 106.62 | 102.51 | 4 |
| 8 | CLIFTON HGR EDU FIN | 4.000% | 08/15/45 | 3.67% | 97.11 | 93.68 | 6 |
| 9 | GOLDEN ST TOBACCO -B | 2.746% | 06/01/34 | 3.56% | 84.60 | 81.70 | 9 |
| 10 | UNIV OF CALIFORNIA CA | 3.256% | 05/15/60 | 3.54% | 70.30 | 67.90 | 10 |
Bottom 10 Performers
Showcases the bottom 10 Muni Bond performers based on price movements between 6/7/24-6/14/24
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
| 1 | NC FOR 3.00 03/01/2034 | 3.000% | 03/01/34 | -6.58% | 93.03 | 99.58 | 2 |
| 2 | NY NYCHSG 3.89 11/01/2029 | 3.890% | 11/01/29 | -5.40% | 84.99 | 89.84 | 17 |
| 3 | CA UNVHGR 3.93 05/15/2045 | 3.931% | 05/15/45 | -3.41% | 87.55 | 90.64 | 3 |
| 4 | OR ORSHGR 4.00 07/01/2044 | 4.000% | 07/01/44 | -2.53% | 98.71 | 101.27 | 8 |
| 5 | PA PASTRN 4.00 12/01/2051 | 4.000% | 12/01/51 | -2.51% | 94.33 | 96.76 | 11 |
| 6 | OH NEOUTL 3.00 11/15/2033 | 3.000% | 11/15/33 | -2.44% | 92.72 | 95.05 | 3 |
| 7 | NY ORAGEN 5.00 07/01/2042 | 5.000% | 07/01/42 | -2.27% | 93.32 | 95.48 | 4 |
| 8 | CA PALSCD 4.63 08/01/2053 | 4.625% | 08/01/53 | -2.27% | 104.58 | 107.01 | 3 |
| 9 | PA NLBSCD 3.00 09/01/2042 | 3.000% | 09/01/42 | -2.20% | 84.08 | 85.97 | 14 |
| 10 | GA GASHSG 3.30 12/01/2034 | 3.300% | 12/01/34 | -2.11% | 92.07 | 94.06 | 5 |
Top 10 State Performers
Showcases the top 10 Muni State performers based on yield movements between 6/7/24-6/14/24
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | NC | -42 bps | 3.36% | 3.78% |
| 2 | ND | -32 bps | 3.64% | 3.96% |
| 3 | ME | -25 bps | 3.80% | 4.05% |
| 4 | KS | -23 bps | 3.90% | 4.14% |
| 5 | FL | -23 bps | 3.87% | 4.10% |
| 6 | NH | -21 bps | 3.69% | 3.90% |
| 7 | AZ | -21 bps | 3.86% | 4.07% |
| 8 | NE | -21 bps | 3.78% | 3.99% |
| 9 | VA | -19 bps | 3.56% | 3.74% |
| 10 | UT | -19 bps | 3.65% | 3.83% |
Bottom 10 State Performers
Showcases the bottom 10 Muni State performers based on yield movements between 6/7/24-6/14/24
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | HI | 4 bps | 3.91% | 3.88% |
| 2 | RI | 3 bps | 3.59% | 3.56% |
| 3 | AL | 3 bps | 3.98% | 3.95% |
| 4 | VT | -2 bps | 3.42% | 3.43% |
| 5 | NJ | -2 bps | 4.12% | 4.14% |
| 6 | MO | -2 bps | 3.89% | 3.91% |
| 7 | OR | -2 bps | 4.08% | 4.10% |
| 8 | DE | -3 bps | 3.59% | 3.61% |
| 9 | LA | -4 bps | 3.90% | 3.93% |
| 10 | WI | -4 bps | 3.94% | 3.98% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 6/7/24-6/14/24 (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 6/7/24-6/14/24 (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 6/7/24-6/14/24 (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 6/7/24-6/14/24
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 6/7/24 vs. the week ending 6/14/24
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | MARION ISD | 4.125% | 08/15/48 | 10 | 97 | 87 | 870% |
| 2 | HUTTO-CTFS OBLIGS | 4.125% | 08/01/49 | 1 | 81 | 80 | 8000% |
| 3 | MARION ISD | 4.250% | 08/15/52 | 8 | 87 | 79 | 988% |
| 4 | LOUISIANA ST-A | 5.000% | 05/01/36 | 32 | 105 | 73 | 228% |
| 5 | STHRN CA PUB PWR-A | 5.000% | 04/01/55 | 63 | 130 | 67 | 106% |
| 6 | MOUNT VERNON ISD | 4.000% | 08/15/53 | 31 | 96 | 65 | 210% |
| 7 | MET TRANSPRTN -A-1 | 4.000% | 11/15/54 | 17 | 80 | 63 | 371% |
| 8 | DONNA ISD | 5.000% | 02/15/44 | 20 | 82 | 62 | 310% |
| 9 | CHICAGO-ARPT REV-REF | 5.250% | 01/01/41 | 22 | 82 | 60 | 273% |
| 10 | DONNA ISD | 5.000% | 02/15/37 | 20 | 79 | 59 | 295% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 6/7/24 – 6/14/24
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | CALIFORNIA ST | 5.000% | 11/01/30 | 40 |
| 2 | TRIBOROUGH BRIDGE-B-1 | 4.125% | 05/15/54 | 40 |
| 3 | LOS ANGELES UNIF SD-A | 5.000% | 07/01/33 | 39 |
| 4 | MA DEV FIN AGY-B | 5.000% | 02/15/33 | 34 |
| 5 | LIBERTY HILL ISD | 4.000% | 02/01/49 | 34 |
| 6 | LOS ANGELES UNIF SD-A | 5.000% | 07/01/32 | 33 |
| 7 | WESLACO ISD | 4.125% | 02/15/49 | 33 |
| 8 | WESLACO ISD | 4.250% | 02/15/54 | 32 |
| 9 | CLOVIS UNIF DIST-C | 4.000% | 08/01/48 | 32 |
| 10 | SC JOBS-ECON DEV -A | 4.500% | 11/01/54 | 32 |
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