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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