Municipals
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Municipal Bond Market Summary:
Week Ending 7/12/24
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 7/5/24-7/12/24
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
| 1 | MA HSG FIN AGY-C | 3.750% | 12/01/37 | 4.77% | 97.17 | 92.75 | 2 |
| 2 | PUB FIN AUTH-A-1 | 5.000% | 01/01/56 | 4.61% | 95.25 | 91.05 | 2 |
| 3 | CENTRAL DAUPHIN -A | 2.754% | 02/01/38 | 4.48% | 78.16 | 74.81 | 8 |
| 4 | BROOKLINE-MUNI PURP | 3.000% | 03/15/34 | 4.39% | 97.75 | 93.63 | 2 |
| 5 | MO DEV FIN BRD-D | 3.500% | 06/01/46 | 4.06% | 89.13 | 85.66 | 2 |
| 6 | UNIV OF CALIFORNIA CA | 3.256% | 05/15/60 | 4.04% | 69.68 | 66.98 | 12 |
| 7 | PALO ALTO USD | 3.250% | 08/01/42 | 4.00% | 91.63 | 88.10 | 15 |
| 8 | WSTRN MN MUNI PWR AGY | 3.226% | 01/01/46 | 3.68% | 78.09 | 75.31 | 5 |
| 9 | UNIV OF CALIFORNIA-AQ | 4.767% | 05/15/15 | 3.67% | 88.76 | 85.62 | 7 |
| 10 | UNIV OF TEXAS SYS-B | 2.439% | 08/15/49 | 3.64% | 64.46 | 62.20 | 4 |
Bottom 10 Performers
Showcases the bottom 10 Muni Bond performers based on price movements between 7/5/24-7/12/24
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
| 1 | VA TOBGEN 6.71 06/01/2046 | 6.706% | 06/01/46 | -4.51% | 84.48 | 88.47 | 2 |
| 2 | CT WDR 4.00 06/15/2037 | 4.000% | 06/15/37 | -4.07% | 103.31 | 107.70 | 3 |
| 3 | PA LANSCD 4.00 06/01/2035 | 4.000% | 06/01/35 | -2.88% | 102.26 | 105.30 | 6 |
| 4 | CA SMTSCD 4.00 08/01/2042 | 4.000% | 08/01/42 | -2.82% | 103.64 | 106.64 | 12 |
| 5 | MO GRUCTF 2.55 12/01/2029 | 2.550% | 12/01/29 | -2.41% | 89.67 | 91.88 | 3 |
| 6 | PA SOPSCD 3.00 10/01/2033 | 3.000% | 10/01/33 | -2.04% | 92.36 | 94.29 | 2 |
| 7 | PA CHMSCD 2.38 01/15/2034 | 2.375% | 01/15/34 | -1.91% | 86.23 | 87.90 | 2 |
| 8 | MI CSPSCD 3.25 05/01/2041 | 3.250% | 05/01/41 | -1.77% | 85.80 | 87.34 | 3 |
| 9 | HI UNHHGR 4.69 10/01/2044 | 4.693% | 10/01/44 | -1.72% | 91.13 | 92.72 | 2 |
| 10 | KY MCYEDU 4.00 06/01/2028 | 4.000% | 06/01/28 | -1.68% | 99.29 | 100.98 | 2 |
Top 10 State Performers
Showcases the top 10 Muni State performers based on yield movements between 7/5/24-7/12/24
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | MS | -29 bps | 3.86% | 4.15% |
| 2 | ME | -26 bps | 3.77% | 4.04% |
| 3 | GA | -20 bps | 3.47% | 3.67% |
| 4 | NH | -20 bps | 3.64% | 3.83% |
| 5 | AK | -19 bps | 3.88% | 4.07% |
| 6 | KS | -17 bps | 3.81% | 3.99% |
| 7 | MI | -16 bps | 3.89% | 4.05% |
| 8 | OR | -16 bps | 3.89% | 4.05% |
| 9 | AZ | -16 bps | 3.59% | 3.75% |
| 10 | NM | -15 bps | 3.81% | 3.96% |
Bottom 10 State Performers
Showcases the bottom 10 Muni State performers based on yield movements between 7/5/24-7/12/24
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | DC | 3 bps | 3.68% | 3.64% |
| 2 | NY | 0 bps | 3.89% | 3.88% |
| 3 | NJ | -5 bps | 3.93% | 3.98% |
| 4 | CT | -6 bps | 3.96% | 4.02% |
| 5 | MO | -6 bps | 3.76% | 3.82% |
| 6 | NE | -6 bps | 3.89% | 3.95% |
| 7 | VA | -7 bps | 3.63% | 3.71% |
| 8 | OH | -7 bps | 3.82% | 3.89% |
| 9 | SC | -8 bps | 3.69% | 3.77% |
| 10 | TN | -8 bps | 3.58% | 3.65% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 7/5/24-7/12/24 (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 7/5/24-7/12/24 (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 7/5/24-7/12/24 (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 7/5/24-7/12/24
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 7/5/24 vs. the week ending 7/12/24
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | IRVINE FACS FING-A | 5.000% | 09/01/37 | 20 | 80 | 60 | 300% |
| 2 | MET TRANSPRTN AUTH-D2 | 4.000% | 11/15/48 | 10 | 68 | 58 | 580% |
| 3 | COOK CNTY IL TAXABLE | 6.229% | 11/15/34 | 47 | 104 | 57 | 121% |
| 4 | LOUISIANA ST -A | 5.000% | 04/01/38 | 18 | 73 | 55 | 306% |
| 5 | DASNY-A | 5.000% | 10/01/37 | 5 | 60 | 55 | 1100% |
| 6 | SAN FRANCISCO CITY-A | 5.000% | 11/01/42 | 33 | 88 | 55 | 167% |
| 7 | ILLINOIS ST TOLL HWY | 6.184% | 01/01/34 | 50 | 104 | 54 | 108% |
| 8 | TX TRANSN COMMN-HWY | 4.631% | 04/01/33 | 25 | 79 | 54 | 216% |
| 9 | NORTH TX TWY AUTH SU | 8.410% | 02/01/30 | 20 | 74 | 54 | 270% |
| 10 | CENTRL EXPRESSWAY-BAM | 4.000% | 07/01/41 | 15 | 68 | 53 | 353% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 7/5/24 – 7/12/24
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | LOS ANGELES UNIF SD-A | 5.000% | 07/01/34 | 42 |
| 2 | HARRIS CO-A-REV | 4.000% | 08/15/49 | 40 |
| 3 | SACRAMENTO USD-B | 4.000% | 08/01/54 | 40 |
| 4 | MASSACHUSETTS ST-B | 5.000% | 05/01/42 | 40 |
| 5 | MARYLAND ST-A | 5.000% | 06/01/39 | 37 |
| 6 | MASSACHUSETTS ST-B | 5.000% | 05/01/54 | 35 |
| 7 | PA HSG FIN AGY-145A | 4.600% | 10/01/44 | 34 |
| 8 | UNIV OF CALIFORNIA-BV | 5.000% | 05/15/35 | 34 |
| 9 | MASSACHUSETTS ST-B | 5.000% | 05/01/39 | 33 |
| 10 | LOS ANGELES DEPT-C | 5.000% | 07/01/46 | 32 |
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