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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