Municipals

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Municipal Bond Market Summary:
Week Ending 7/5/24

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 6/28/24-7/5/24

RANK BOND NAME COUPON MATURITY CHANGE PRC PRC-1W DEALERS
1 SAN MATEO-FOSTER SD-C 4.000% 08/01/42 4.48% 106.64 102.07 5
2 MONTGOMERY CO MD 3.000% 11/01/34 3.45% 96.52 93.29 7
3 NYC TRANSITIONAL 5.000% 05/01/48 2.66% 108.56 105.74 12
4 TEXAS WTR DEV BRD-A 4.000% 10/15/40 2.54% 99.20 96.74 8
5 PORTLAND COMNTY CLG D 5.000% 06/15/37 2.41% 114.80 112.10 2
6 PARMA OH 4.250% 12/01/54 2.30% 99.40 97.17 4
7 MINOT -B -REV 2.000% 10/01/42 2.30% 67.51 66.00 4
8 TOBACCO SETTLEMENT F 6.706% 06/01/46 2.28% 88.47 86.50 2
9 GREENWOOD INDP SCH DI 4.000% 02/15/54 2.13% 96.99 94.97 25
10 CRANFORD TWP BOE 4.000% 07/15/49 2.11% 99.12 97.07 6

Bottom 10 Performers

Showcases the bottom 10 Muni Bond performers based on price movements between 6/28/24-7/5/24

RANK BOND NAME COUPON MATURITY CHANGE PRC PRC-1W DEALERS
1 FL TAM 4.00 11/15/2046 4.000% 11/15/46 -4.83% 95.63 100.49 10
2 PA PSUHGR 2.84 09/01/2050 2.840% 09/01/50 -4.18% 68.44 71.43 6
3 MA MASWTR 2.82 08/01/2041 2.823% 08/01/41 -4.15% 76.53 79.84 5
4 TX AZLSCD 4.00 02/15/2054 4.000% 02/15/54 -3.96% 95.22 99.15 18
5 CA CHASCD 2.96 08/01/2041 2.959% 08/01/41 -3.95% 73.54 76.56 8
6 NY NYSHSG 2.75 11/01/2031 2.750% 11/01/31 -3.88% 92.28 96.00 2
7 TX DALAPT 3.14 11/01/2045 3.144% 11/01/45 -3.85% 73.41 76.35 3
8 CA CASHGR 2.94 11/01/2052 2.939% 11/01/52 -3.85% 68.06 70.78 4
9 NY PORTRN 4.46 10/01/2062 4.458% 10/01/62 -3.77% 86.34 89.72 10
10 NY BUIGEN 5.00 06/01/2051 5.000% 06/01/51 -3.60% 96.08 99.67 2

Top 10 State Performers

Showcases the top 10 Muni State performers based on yield movements between 6/28/24-7/5/24

RANK STATE CHANGE YLD YLD-1W
1 DE -20 bps 3.39% 3.59%
2 AZ -20 bps 3.75% 3.95%
3 FL -19 bps 3.77% 3.96%
4 RI -14 bps 3.58% 3.72%
5 NH -12 bps 3.83% 3.95%
6 UT -12 bps 3.74% 3.85%
7 OK -12 bps 3.74% 3.86%
8 IA -11 bps 4.05% 4.15%
9 NJ -7 bps 3.98% 4.05%
10 OH -7 bps 3.89% 3.97%

Bottom 10 State Performers

Showcases the bottom 10 Muni State performers based on yield movements between 6/28/24-7/5/24

RANK STATE CHANGE YLD YLD-1W
1 HI 22 bps 4.29% 4.07%
2 AK 20 bps 4.05% 3.85%
3 MT 18 bps 3.80% 3.62%
4 CT 12 bps 4.02% 3.90%
5 ND 10 bps 3.93% 3.83%
6 MD 9 bps 3.83% 3.74%
7 NM 7 bps 3.97% 3.90%
8 OR 4 bps 4.06% 4.01%
9 WI 4 bps 4.00% 3.96%
10 WV 3 bps 3.67% 3.64%

10 Year Yield by State – All

Displays the average Muni 10 year yield by state between 6/28/24-7/5/24 (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 6/28/24-7/5/24 (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 6/28/24-7/5/24 (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 6/28/24-7/5/24

Top Quote Volume Movers: This Week vs Last Week

Exhibits the Munis with the largest increase in quote volume for the week ending 6/28/24 vs. the week ending 7/5/24

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 NEW YORK-D 5.250% 04/01/54 68 143 75 110%
2 MARYLAND ST-A 5.000% 06/01/39 65 134 69 106%
3 SAN JOSE CA FING AUTH 5.000% 11/01/52 16 81 65 406%
4 OCEAN VIEW SD -D 5.000% 08/01/50 6 71 65 1083%
5 MIAMI-DADE CNTY-TXBL 3.656% 10/01/34 32 96 64 200%
6 EDMONDS SD #15-REF 5.000% 12/01/38 14 73 59 421%
7 EAGLE MOUNTAIN ISD 4.000% 08/15/54 41 99 58 141%
8 UNIV WA UNIV RFDG-B- 4.997% 10/01/40 30 82 52 173%
9 NEW YORK ST DORM AUTH 5.000% 03/15/37 23 73 50 217%
10 PORT AUTH OF NEW YORK 4.000% 07/15/51 48 95 47 98%

Most Quoted Munis

Ranks the Munis that were quoted by the highest number of dealers between 6/28/24 – 7/5/24

RANK TRANCHE COUPON MATURITY DEALERS
1 SACRAMENTO USD-B 4.000% 08/01/54 38
2 MASSACHUSETTS ST-B 5.000% 05/01/42 38
3 LOS ANGELES UNIF SD-A 5.000% 07/01/34 38
4 PA HSG FIN AGY-145A 4.600% 10/01/44 36
5 HARRIS CO-A-REV 4.000% 08/15/49 35
6 MASSACHUSETTS ST-B 5.000% 05/01/39 33
7 CALIFORNIA ST 5.000% 11/01/30 32
8 CALIFORNIA ST-REF-GRP 5.000% 11/01/42 32
9 MARYLAND ST-A 5.000% 06/01/39 32
10 LOS ANGELES CMNTY CLG 5.000% 08/01/32 32

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