Municipals
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Municipal Bond Market Summary:
Week Ending 8/2/24
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 7/26/24-8/2/24
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
| 1 | PORT AUTH NYS & NJ T | 4.926% | 10/01/51 | 5.86% | 102.07 | 96.42 | 9 |
| 2 | ST LAWRENCE CNTY-B | 4.429% | 07/01/56 | 5.81% | 87.77 | 82.95 | 7 |
| 3 | MISSOURI ST-A | 4.000% | 05/15/42 | 5.61% | 105.07 | 99.49 | 2 |
| 4 | LA QUINTA REDEV-A-REF | 4.527% | 09/01/39 | 5.51% | 96.76 | 91.70 | 2 |
| 5 | KINGS CANYON USD-REF | 3.212% | 08/01/40 | 5.41% | 83.86 | 79.55 | 7 |
| 6 | RIVERSIDE REDEV AGY-B | 4.000% | 09/01/37 | 5.29% | 93.08 | 88.40 | 2 |
| 7 | UNIV OF CALIFORNIA-AQ | 4.767% | 05/15/15 | 5.29% | 92.38 | 87.74 | 11 |
| 8 | CORTE MADERA-TXBL-REF | 4.000% | 05/01/37 | 5.20% | 95.04 | 90.35 | 2 |
| 9 | JEFFERSON SD-C | 3.500% | 08/01/45 | 5.16% | 94.63 | 89.99 | 2 |
| 10 | PORT EVERETT-C-TXBL | 3.300% | 12/01/42 | 5.03% | 81.38 | 77.48 | 4 |
Bottom 10 Performers
Showcases the bottom 10 Muni Bond performers based on price movements between 7/26/24-8/2/24
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
| 1 | TX HARUTL 3.00 09/01/2043 | 3.000% | 09/01/43 | -2.60% | 79.99 | 82.13 | 3 |
| 2 | NY ORAGEN 5.00 07/01/2042 | 5.000% | 07/01/42 | -2.20% | 88.11 | 90.09 | 2 |
| 3 | MA CON 4.00 01/15/2041 | 4.000% | 01/15/41 | -2.18% | 104.90 | 107.24 | 6 |
| 4 | VA VASDEV 4.00 01/01/2038 | 4.000% | 01/01/38 | -1.78% | 98.85 | 100.65 | 3 |
| 5 | OR ORSFAC 4.00 10/01/2045 | 4.000% | 10/01/45 | -1.77% | 93.86 | 95.55 | 3 |
| 6 | CA SPLSCD 0.00 08/01/2041 | 0.000% | 08/01/41 | -1.75% | 94.24 | 95.92 | 2 |
| 7 | PA PASTRN 4.00 12/01/2046 | 4.000% | 12/01/46 | -1.61% | 98.52 | 100.13 | 3 |
| 8 | CA MRNDEV 4.00 09/01/2040 | 4.000% | 09/01/40 | -1.60% | 97.22 | 98.80 | 2 |
| 9 | MI MISGEN 5.00 12/31/2033 | 5.000% | 12/31/33 | -1.58% | 101.36 | 102.99 | 3 |
| 10 | FL MIAMED 4.00 08/01/2046 | 4.000% | 08/01/46 | -1.57% | 96.22 | 97.75 | 6 |
Top 10 State Performers
Showcases the top 10 Muni State performers based on yield movements between 7/26/24-8/2/24
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | RI | -42 bps | 3.18% | 3.59% |
| 2 | NE | -36 bps | 3.51% | 3.87% |
| 3 | DE | -36 bps | 3.10% | 3.46% |
| 4 | NJ | -35 bps | 3.61% | 3.96% |
| 5 | OR | -33 bps | 3.67% | 4.00% |
| 6 | IL | -31 bps | 3.90% | 4.21% |
| 7 | CT | -30 bps | 3.67% | 3.96% |
| 8 | MO | -28 bps | 3.61% | 3.89% |
| 9 | KS | -28 bps | 3.79% | 4.07% |
| 10 | OH | -27 bps | 3.51% | 3.79% |
Bottom 10 State Performers
Showcases the bottom 10 Muni State performers based on yield movements between 7/26/24-8/2/24
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | UT | 2 bps | 3.40% | 3.38% |
| 2 | ME | -1 bps | 3.73% | 3.74% |
| 3 | DC | -1 bps | 3.64% | 3.65% |
| 4 | HI | -3 bps | 3.92% | 3.95% |
| 5 | NH | -3 bps | 3.52% | 3.55% |
| 6 | GA | -5 bps | 3.48% | 3.53% |
| 7 | LA | -6 bps | 3.53% | 3.59% |
| 8 | WV | -7 bps | 3.41% | 3.48% |
| 9 | AL | -8 bps | 3.59% | 3.67% |
| 10 | CO | -9 bps | 3.43% | 3.53% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 7/26/24-8/2/24 (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 7/26/24-8/2/24 (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 7/26/24-8/2/24 (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 7/26/24-8/2/24
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 7/26/24 vs. the week ending 8/2/24
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | KAUFMAN ISD | 4.000% | 02/15/49 | 2 | 82 | 80 | 4000% |
| 2 | NEEDVILLE ISD | 4.000% | 08/15/54 | 60 | 133 | 73 | 122% |
| 3 | NY MUNI WTR FIN -BB1 | 4.000% | 06/15/50 | 10 | 81 | 71 | 710% |
| 4 | INDIANA ST FIN AUTH-A | 4.000% | 12/01/49 | 12 | 81 | 69 | 575% |
| 5 | NY ST THRUWAY-A-1 | 4.000% | 03/15/45 | 25 | 94 | 69 | 276% |
| 6 | OHIO WTR DEV-B-REF | 5.000% | 06/01/32 | 40 | 104 | 64 | 160% |
| 7 | MTA-A1-TRANSPRTNRTN A | 5.000% | 11/15/25 | 10 | 72 | 62 | 620% |
| 8 | N TEXAS MUNI WTR DT | 5.000% | 06/01/35 | 17 | 79 | 62 | 365% |
| 9 | CALIFORNIA ST-BID -B | 5.000% | 09/01/33 | 60 | 122 | 62 | 103% |
| 10 | OREGON ST -D | 4.000% | 06/01/39 | 10 | 72 | 62 | 620% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 7/26/24 – 8/2/24
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | LOS ANGELES UNIF SD-A | 5.000% | 07/01/34 | 52 |
| 2 | NYC TRANSITIONAL-A-1 | 5.000% | 11/01/36 | 50 |
| 3 | NYC TRANSITIONAL-A-1 | 5.000% | 11/01/37 | 44 |
| 4 | SACRAMENTO USD-B | 4.000% | 08/01/54 | 38 |
| 5 | MASSACHUSETTS ST-B | 5.000% | 05/01/54 | 38 |
| 6 | NYC TRANSITIONAL-A-1 | 5.000% | 11/01/35 | 37 |
| 7 | MARYLAND ST-A | 5.000% | 06/01/39 | 37 |
| 8 | NYC TRANSITIONAL-A-1 | 5.000% | 11/01/38 | 36 |
| 9 | CA UNIV REGENTS-BW | 5.000% | 05/15/54 | 35 |
| 10 | NYC TRANSITIONAL-A-1 | 5.000% | 11/01/33 | 35 |
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