Municipals

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Municipal Bond Market Summary:
Week Ending 6/28/24

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 6/21/24-6/28/24

RANK BOND NAME COUPON MATURITY CHANGE PRC PRC-1W DEALERS
1 MADISON CO CAP RESRCE 3.266% 07/01/39 4.84% 82.62 78.81 10
2 BROWARD CNTY FL ARPT 3.477% 10/01/43 3.83% 83.02 79.95 6
3 MO ST HLTH & EDU FAC 3.625% 11/15/47 3.76% 89.02 85.79 2
4 MICHIGAN ST-B 2.500% 05/15/40 2.67% 75.49 73.52 7
5 NY TOBACCO-A-2B-REF 5.000% 06/01/51 2.61% 94.89 92.48 4
6 CALIFORNIA ST EDUCTNL 3.836% 04/01/47 2.59% 83.26 81.16 4
7 UNIV OF CA-AP-TXBL 3.931% 05/15/45 2.21% 92.12 90.13 8
8 WILKINSBURG BORO SD 4.250% 05/15/48 2.19% 100.68 98.52 2
9 PENNSYLVANIA ST ECON 2.852% 06/15/36 2.17% 81.16 79.44 9
10 CASTLEWOOD SD #28-1 4.250% 08/01/53 2.06% 98.75 96.75 5

Bottom 10 Performers

Showcases the bottom 10 Muni Bond performers based on price movements between 6/21/24-6/28/24

RANK BOND NAME COUPON MATURITY CHANGE PRC PRC-1W DEALERS
1 CA SJHTRN 3.49 01/15/2050 3.492% 01/15/50 -4.55% 75.09 78.67 6
2 FL MIATRN 5.62 07/01/2040 5.624% 07/01/40 -4.23% 103.80 108.39 2
3 IL CHITRN 6.90 12/01/2040 6.899% 12/01/40 -3.38% 108.11 111.89 9
4 NY NYCGEN 5.00 05/01/2048 5.000% 05/01/48 -3.35% 105.74 109.41 13
5 TX BVLSCD 4.13 02/15/2049 4.125% 02/15/49 -3.14% 97.73 100.90 6
6 TX UNIHGR 5.26 07/01/2039 5.262% 07/01/39 -3.05% 98.65 101.76 7
7 TX GNWSCD 4.00 02/15/2054 4.000% 02/15/54 -3.03% 94.97 97.94 26
8 MN MNSHSG 3.00 08/01/2037 3.000% 08/01/37 -2.84% 87.58 90.14 3
9 CA SMSSCD 0.00 08/01/2051 0.000% 08/01/51 -2.78% 31.36 32.26 3
10 CA ELKEDU 3.00 02/01/2035 3.000% 02/01/35 -2.54% 89.30 91.63 3

Top 10 State Performers

Showcases the top 10 Muni State performers based on yield movements between 6/21/24-6/28/24

RANK STATE CHANGE YLD YLD-1W
1 NM -14 bps 3.90% 4.04%
2 TN -13 bps 3.65% 3.78%
3 LA -6 bps 3.88% 3.94%
4 WA -5 bps 3.79% 3.84%
5 MO -4 bps 3.82% 3.86%
6 KS -4 bps 4.01% 4.05%
7 AR -2 bps 4.17% 4.19%
8 GA -2 bps 3.66% 3.68%
9 NJ 0 bps 4.05% 4.05%
10 MA 1 bps 3.78% 3.77%

Bottom 10 State Performers

Showcases the bottom 10 Muni State performers based on yield movements between 6/21/24-6/28/24

RANK STATE CHANGE YLD YLD-1W
1 NH 32 bps 3.94% 3.62%
2 DE 23 bps 3.58% 3.35%
3 HI 18 bps 4.07% 3.88%
4 AL 17 bps 4.05% 3.88%
5 NV 17 bps 3.81% 3.63%
6 UT 16 bps 3.85% 3.69%
7 FL 14 bps 3.99% 3.84%
8 MI 14 bps 4.05% 3.91%
9 NE 14 bps 3.99% 3.85%
10 KY 14 bps 3.84% 3.71%

10 Year Yield by State – All

Displays the average Muni 10 year yield by state between 6/21/24-6/28/24 (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 6/21/24-6/28/24 (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 6/21/24-6/28/24 (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 6/21/24-6/28/24

Top Quote Volume Movers: This Week vs Last Week

Exhibits the Munis with the largest increase in quote volume for the week ending 6/21/24 vs. the week ending 6/28/24

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 CHAMBERS CO PUB FACS 5.500% 06/01/55 28 88 60 214%
2 NEW YORK -A-1 4.000% 08/01/41 41 95 54 132%
3 LOS ANGELES DEPT WTR 5.000% 07/01/47 46 99 53 115%
4 TRIBOROUGH NY BRIDGE 5.000% 11/15/28 15 68 53 353%
5 KENT OH ST UNIV-B-REF 3.333% 05/01/40 28 80 52 186%
6 CA ST PUB WKS BRD -D 5.000% 11/01/41 35 85 50 143%
7 CHAMBERS CO PUB FACS 5.500% 06/01/49 34 84 50 147%
8 MO HLTH & EDU FACS 4.000% 07/01/46 3 53 50 1667%
9 BIRMINGHAM CIVIC CTR 5.000% 05/01/48 5 53 48 960%
10 AUBREY ISD-REF 4.000% 02/15/54 1 49 48 4800%

Most Quoted Munis

Ranks the Munis that were quoted by the highest number of dealers between 6/21/24 – 6/28/24

RANK TRANCHE COUPON MATURITY DEALERS
1 LOS ANGELES UNIF SD-A 5.000% 07/01/33 39
2 SACRAMENTO USD-B 4.000% 08/01/54 38
3 TRIBOROUGH BRIDGE-B-1 4.125% 05/15/54 35
4 CALIFORNIA ST 5.000% 11/01/30 34
5 HARRIS CO-A-REV 4.000% 08/15/49 34
6 LOS ANGELES CMNTY CLG 5.000% 08/01/32 33
7 PA HSG FIN AGY-145A 4.600% 10/01/44 33
8 LOS ANGELES UNIF SD-A 5.000% 07/01/34 33
9 CALIFORNIA ST-REF 5.000% 09/01/35 33
10 MASSACHUSETTS ST-B 5.000% 05/01/42 33

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