Municipals
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Municipal Bond Market Summary:
Week Ending 7/26/24
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 7/19/24-7/26/24
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
| 1 | NEW YORK-A | 3.000% | 03/15/35 | 3.97% | 97.99 | 94.25 | 4 |
| 2 | OR HSG & CMNTY SVCS-L | 1.990% | 07/01/39 | 3.85% | 74.25 | 71.50 | 2 |
| 3 | CT HSG FIN AUTH -A -R | 6.000% | 11/15/54 | 3.01% | 111.98 | 108.70 | 5 |
| 4 | WILLIAMSON CO | 3.125% | 02/15/40 | 2.83% | 88.79 | 86.34 | 4 |
| 5 | NEW YORK ST HSG FIN A | 4.200% | 11/01/52 | 2.78% | 97.89 | 95.25 | 2 |
| 6 | MISSOURI CITY-A | 3.000% | 06/15/35 | 2.76% | 90.66 | 88.22 | 2 |
| 7 | N TX MUNI WTR | 3.125% | 09/01/35 | 2.73% | 94.33 | 91.82 | 2 |
| 8 | GRANT CO PUB HSP DT#2 | 5.500% | 12/01/39 | 2.66% | 111.34 | 108.45 | 5 |
| 9 | NEW HAVEN CMNTY-I | 4.250% | 05/01/46 | 2.52% | 101.91 | 99.40 | 9 |
| 10 | OROVILLE CA REVENUE | 5.250% | 04/01/54 | 2.50% | 74.75 | 72.93 | 2 |
Bottom 10 Performers
Showcases the bottom 10 Muni Bond performers based on price movements between 7/19/24-7/26/24
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
| 1 | PA PAS 2.00 05/15/2041 | 2.000% | 05/15/41 | -4.20% | 68.40 | 71.40 | 2 |
| 2 | PA DUBMED 4.00 07/15/2050 | 4.000% | 07/15/50 | -4.16% | 88.16 | 91.99 | 6 |
| 3 | KS WYAGEN 2.38 08/01/2040 | 2.375% | 08/01/40 | -4.00% | 75.38 | 78.53 | 2 |
| 4 | DE NEW 1.81 07/15/2030 | 1.810% | 07/15/30 | -3.96% | 82.97 | 86.39 | 7 |
| 5 | NY NYSTRN 3.00 01/01/2053 | 3.000% | 01/01/53 | -3.77% | 75.41 | 78.37 | 2 |
| 6 | CA CA INGGEN 6.4 09/01/2053 6.40 09/01/2053 | 6.402% | 09/01/53 | -3.59% | 103.84 | 107.71 | 3 |
| 7 | CA UNIUTL 3.00 09/01/2045 | 3.000% | 09/01/45 | -3.56% | 82.70 | 85.76 | 2 |
| 8 | VT VTSEDU 5.25 10/01/2052 | 5.250% | 10/01/52 | -3.55% | 94.56 | 98.04 | 7 |
| 9 | NY NYC 4.00 09/01/2046 | 4.000% | 09/01/46 | -3.53% | 98.23 | 101.82 | 11 |
| 10 | NY NYSHGR 3.00 03/15/2050 | 3.000% | 03/15/50 | -3.24% | 77.32 | 79.92 | 15 |
Top 10 State Performers
Showcases the top 10 Muni State performers based on yield movements between 7/19/24-7/26/24
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | IA | -10 bps | 3.80% | 3.90% |
| 2 | HI | -6 bps | 3.94% | 4.00% |
| 3 | MO | -2 bps | 3.89% | 3.92% |
| 4 | CA | -2 bps | 3.67% | 3.68% |
| 5 | MI | -1 bps | 3.85% | 3.86% |
| 6 | AK | -1 bps | 3.85% | 3.86% |
| 7 | UT | 0 bps | 3.37% | 3.38% |
| 8 | NE | 0 bps | 3.82% | 3.82% |
| 9 | TX | 0 bps | 3.83% | 3.83% |
| 10 | AL | 1 bps | 3.66% | 3.65% |
Bottom 10 State Performers
Showcases the bottom 10 Muni State performers based on yield movements between 7/19/24-7/26/24
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | KS | 22 bps | 4.07% | 3.85% |
| 2 | NV | 22 bps | 3.85% | 3.63% |
| 3 | KY | 16 bps | 3.69% | 3.53% |
| 4 | VA | 13 bps | 3.53% | 3.41% |
| 5 | RI | 11 bps | 3.59% | 3.48% |
| 6 | TN | 10 bps | 3.72% | 3.61% |
| 7 | CT | 9 bps | 3.97% | 3.87% |
| 8 | MS | 9 bps | 3.90% | 3.81% |
| 9 | GA | 9 bps | 3.53% | 3.44% |
| 10 | WA | 8 bps | 3.70% | 3.62% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 7/19/24-7/26/24 (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 7/19/24-7/26/24 (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 7/19/24-7/26/24 (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 7/19/24-7/26/24
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 7/19/24 vs. the week ending 7/26/24
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | NYC MUNI WTR FIN-AA-1 | 4.000% | 06/15/51 | 24 | 97 | 73 | 304% |
| 2 | CA HLTH FACS FING -A | 5.000% | 08/15/41 | 16 | 83 | 67 | 419% |
| 3 | MONTGOMERY HGR EDU-B | 5.000% | 05/01/52 | 1 | 62 | 61 | 6100% |
| 4 | IRVINE FACS FING-A | 5.000% | 09/01/48 | 25 | 84 | 59 | 236% |
| 5 | FL DEPT OF TRANSPRT-B | 4.000% | 07/01/47 | 33 | 89 | 56 | 170% |
| 6 | CENTENNIAL SCH DIST | 5.000% | 06/15/45 | 14 | 70 | 56 | 400% |
| 7 | MASSACHUSETTS ST-B | 5.000% | 05/01/46 | 21 | 76 | 55 | 262% |
| 8 | NEW YORK ST TWY -C | 5.000% | 03/15/53 | 36 | 88 | 52 | 144% |
| 9 | CA SCH FIN AUTH -A | 5.000% | 06/01/49 | 26 | 75 | 49 | 188% |
| 10 | OREGON ST-A | 5.000% | 05/01/37 | 22 | 70 | 48 | 218% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 7/19/24 – 7/26/24
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | LOS ANGELES UNIF SD-A | 5.000% | 07/01/34 | 47 |
| 2 | NYC TRANSITIONAL-A-1 | 5.000% | 11/01/36 | 44 |
| 3 | SACRAMENTO USD-B | 4.000% | 08/01/54 | 41 |
| 4 | NYC TRANSITIONAL-A-1 | 5.000% | 11/01/37 | 39 |
| 5 | MARYLAND ST-A | 5.000% | 06/01/39 | 39 |
| 6 | HARRIS CO-A-REV | 4.000% | 08/15/49 | 38 |
| 7 | MASSACHUSETTS ST-B | 5.000% | 05/01/54 | 36 |
| 8 | MASSACHUSETTS ST-B | 5.000% | 05/01/42 | 34 |
| 9 | NEW YORK-D | 5.250% | 04/01/54 | 34 |
| 10 | NYC TRANSITIONAL-A-1 | 5.000% | 11/01/38 | 34 |
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