Municipals

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Municipal Bond Market Summary:
Week Ending 6/21/24

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 6/14/24-6/21/24

RANK BOND NAME COUPON MATURITY CHANGE PRC PRC-1W DEALERS
1 FULTON CNTY GA DEV AU 3.235% 10/01/49 4.45% 73.19 70.07 5
2 UNIV OF MICHIGAN MI 2.562% 04/01/50 4.03% 66.98 64.39 2
3 UNIV OF TEXAS SYS-B 2.439% 08/15/49 3.93% 64.77 62.32 3
4 MUNICIPAL ELEC AUTH 7.055% 04/01/57 3.90% 114.04 109.75 9
5 LA PUB FACS AUTH-REF 4.000% 05/15/42 3.86% 98.99 95.32 2
6 PORTLAND -A-REF-TXBL- 5.152% 06/15/42 3.82% 95.72 92.19 4
7 FT MYERS REV-REF 3.000% 12/01/36 3.51% 88.79 85.78 3
8 CO HLTH FACS AUTH-A 4.000% 11/15/46 3.49% 99.30 95.95 4
9 S DAKOTA HSG DEV-A 1.900% 11/01/36 3.36% 75.02 72.58 3
10 S WSTRN CCD-TXBL-REF 3.118% 08/01/44 3.36% 75.58 73.13 3

Bottom 10 Performers

Showcases the bottom 10 Muni Bond performers based on price movements between 6/14/24-6/21/24

RANK BOND NAME COUPON MATURITY CHANGE PRC PRC-1W DEALERS
1 MA BKL 3.00 03/15/2034 3.000% 03/15/34 -4.16% 94.40 98.49 2
2 TX DALAPT 4.09 11/01/2051 4.087% 11/01/51 -3.45% 85.50 88.55 5
3 MA NAV 3.00 06/15/2033 3.000% 06/15/33 -3.05% 94.95 97.93 2
4 NY PORTRN 3.18 07/15/2060 3.175% 07/15/60 -2.89% 68.68 70.73 4
5 DC METAPT 7.46 10/01/2046 7.462% 10/01/46 -2.88% 121.56 125.17 10
6 TX GPTTRN 5.18 10/01/2042 5.184% 10/01/42 -2.88% 100.22 103.19 3
7 FL BROAPT 3.48 10/01/2043 3.477% 10/01/43 -2.74% 79.95 82.21 5
8 CA CASGEN 0.00 06/01/2055 0.000% 06/01/55 -2.56% 21.04 21.59 2
9 NY MTATRN 7.34 11/15/2039 7.336% 11/15/39 -2.34% 121.12 124.02 2
10 OH JAMSCD 3.00 12/01/2046 3.000% 12/01/46 -2.22% 76.40 78.13 2

Top 10 State Performers

Showcases the top 10 Muni State performers based on yield movements between 6/14/24-6/21/24

RANK STATE CHANGE YLD YLD-1W
1 DE -22 bps 3.36% 3.58%
2 OR -16 bps 3.92% 4.07%
3 AL -11 bps 3.87% 3.97%
4 MT -10 bps 3.57% 3.66%
5 IA -8 bps 4.09% 4.17%
6 NJ -7 bps 4.05% 4.12%
7 NH -7 bps 3.62% 3.68%
8 CO -7 bps 3.67% 3.73%
9 ND -5 bps 3.69% 3.73%
10 MO -4 bps 3.84% 3.88%

Bottom 10 State Performers

Showcases the bottom 10 Muni State performers based on yield movements between 6/14/24-6/21/24

RANK STATE CHANGE YLD YLD-1W
1 NC 27 bps 3.62% 3.35%
2 TN 25 bps 3.78% 3.53%
3 NM 22 bps 4.03% 3.80%
4 KS 17 bps 4.05% 3.88%
5 VA 15 bps 3.70% 3.55%
6 OK 14 bps 3.77% 3.62%
7 SC 14 bps 3.78% 3.63%
8 ME 13 bps 4.03% 3.90%
9 LA 12 bps 3.97% 3.84%
10 NE 8 bps 3.88% 3.80%

10 Year Yield by State – All

Displays the average Muni 10 year yield by state between 6/14/24-6/21/24 (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 6/14/24-6/21/24 (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 6/14/24-6/21/24 (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 6/14/24-6/21/24

Top Quote Volume Movers: This Week vs Last Week

Exhibits the Munis with the largest increase in quote volume for the week ending 6/14/24 vs. the week ending 6/21/24

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 MA CMNWLTH-B-REF 5.000% 11/01/42 67 135 68 101%
2 LOWER CO RIVER AUTH 5.000% 05/15/31 22 78 56 255%
3 CROSBY ISD 4.000% 02/15/48 30 85 55 183%
4 UNIV OF CALIFORNIA-BV 5.000% 05/15/35 79 132 53 67%
5 LOS ANGELS WTR & PWR- 5.000% 07/01/41 35 87 52 149%
6 SAN ANTONIO-B-REF 5.000% 02/01/33 35 87 52 149%
7 LOS ANGELES UNIF SD-C 4.000% 07/01/35 44 96 52 118%
8 DT OF COLUMBIA-A-REV 5.000% 07/01/47 50 98 48 96%
9 PRINCETON ISD 4.000% 02/15/44 28 76 48 171%
10 WISCONSIN ST 2.399% 05/01/30 22 68 46 209%

Most Quoted Munis

Ranks the Munis that were quoted by the highest number of dealers between 6/14/24 – 6/21/24

RANK TRANCHE COUPON MATURITY DEALERS
1 LOS ANGELES UNIF SD-A 5.000% 07/01/33 39
2 CALIFORNIA ST 5.000% 11/01/30 39
3 TRIBOROUGH BRIDGE-B-1 4.125% 05/15/54 37
4 WESLACO ISD 4.125% 02/15/49 34
5 GARDEN GROVE PUB-A 4.000% 04/01/54 34
6 SACRAMENTO USD-B 4.000% 08/01/54 34
7 CALIFORNIA ST-REF 5.000% 09/01/35 33
8 LOS ANGELES UNIF SD-A 5.000% 07/01/32 32
9 CLOVIS UNIF DIST-C 4.000% 08/01/48 32
10 PALM SPRINGS UNIF-B 4.000% 08/01/49 32

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