Municipal Bond Market Summary – Week Ending 8/16/24
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Municipal Bond Market Summary: Week Ending 8/16/24
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 8/9/24-8/16/24
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|---|---|
| 1 | MEMPHIS -WTR SYS REV | 3.000% | 12/01/45 | 5.20% | 83.53 | 79.40 | 5 |
| 2 | OHIO ST HOSP FAC REVE | 3.276% | 01/01/42 | 4.99% | 87.38 | 83.23 | 9 |
| 3 | MUNICIPAL ELEC AUTH | 7.055% | 04/01/57 | 4.98% | 118.28 | 112.67 | 10 |
| 4 | PUTNAM PUB SVC DT-B | 2.500% | 04/01/51 | 4.46% | 69.15 | 66.19 | 2 |
| 5 | UNIV TX UNIV FING SY | 4.794% | 08/15/46 | 4.46% | 100.14 | 95.86 | 7 |
| 6 | DENTON ISD-A-REF-TXBL | 2.556% | 08/15/45 | 4.20% | 72.68 | 69.75 | 7 |
| 7 | HAWAII ST ARPTS SYS C | 3.140% | 07/01/47 | 4.07% | 77.68 | 74.64 | 5 |
| 8 | CA ST UNIV TRUSTEES-B | 5.300% | 11/01/43 | 3.90% | 104.33 | 100.41 | 5 |
| 9 | OH ST UNIV GEN RCPTS | 4.800% | 06/01/11 | 3.90% | 92.74 | 89.26 | 4 |
| 10 | TOBACCO SETTLEMENT-A | 4.306% | 06/01/49 | 3.85% | 80.95 | 77.95 | 3 |
Bottom 10 Performers
Showcases the bottom 10 Muni Bond performers based on price movements between 8/9/24-8/16/24
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|---|---|
| 1 | TN KXVPWR 3.50 07/01/2042 | 3.500% | 07/01/42 | -4.06% | 91.46 | 95.33 | 4 |
| 2 | OK EDMFAC 3.50 07/01/2042 | 3.500% | 07/01/42 | -3.77% | 93.86 | 97.53 | 2 |
| 3 | MD PRI 3.00 07/15/2034 | 3.000% | 07/15/34 | -3.52% | 97.36 | 100.91 | 2 |
| 4 | NY NYCFAC 3.50 07/15/2047 | 3.500% | 07/15/47 | -2.92% | 89.98 | 92.68 | 4 |
| 5 | TX MNFSCD 4.00 02/15/2054 | 4.000% | 02/15/54 | -2.85% | 96.55 | 99.38 | 26 |
| 6 | FL FLS 3.25 07/01/2039 | 3.250% | 07/01/39 | -2.71% | 91.13 | 93.68 | 2 |
| 7 | TX CADSCD 3.00 08/15/2036 | 3.000% | 08/15/36 | -2.66% | 92.29 | 94.82 | 2 |
| 8 | MN MTKSCD 5.00 02/01/2035 | 5.000% | 02/01/35 | -2.66% | 115.36 | 118.51 | 4 |
| 9 | UT UTSEDU 4.00 04/15/2050 | 4.000% | 04/15/50 | -2.55% | 93.43 | 95.87 | 2 |
| 10 | MO KANGEN 5.00 09/01/2042 | 5.000% | 09/01/42 | -2.50% | 109.25 | 112.05 | 2 |
Top 10 State Performers
Showcases the top 10 Muni State performers based on yield movements between 8/9/24-8/16/24
| RANK | STATE | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | CO | -21 bps | 3.46% | 3.67% |
| 2 | AZ | -15 bps | 3.44% | 3.59% |
| 3 | NV | -11 bps | 3.59% | 3.71% |
| 4 | MO | -11 bps | 3.80% | 3.91% |
| 5 | CT | -9 bps | 3.63% | 3.72% |
| 6 | IL | -9 bps | 3.93% | 4.02% |
| 7 | IA | -9 bps | 3.56% | 3.65% |
| 8 | VA | -7 bps | 3.40% | 3.47% |
| 9 | NE | -7 bps | 3.53% | 3.60% |
| 10 | MN | -7 bps | 3.45% | 3.52% |
Bottom 10 State Performers
Showcases the bottom 10 Muni State performers based on yield movements between 8/9/24-8/16/24
| RANK | STATE | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | NH | 32 bps | 3.71% | 3.39% |
| 2 | HI | 20 bps | 4.07% | 3.87% |
| 3 | GA | 15 bps | 3.42% | 3.26% |
| 4 | LA | 13 bps | 3.64% | 3.51% |
| 5 | MD | 8 bps | 3.33% | 3.25% |
| 6 | WV | 7 bps | 3.63% | 3.57% |
| 7 | SC | 6 bps | 3.56% | 3.50% |
| 8 | OK | 6 bps | 3.15% | 3.10% |
| 9 | FL | 5 bps | 3.64% | 3.59% |
| 10 | NC | 5 bps | 3.32% | 3.27% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 8/9/24-8/16/24 (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 8/9/24-8/16/24 (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 8/9/24-8/16/24 (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 8/9/24-8/16/24
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 8/9/24 vs. the week ending 8/16/24
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | DASNY A-1 | 4.250% | 07/01/48 | 11 | 106 | 95 | 864% |
| 2 | BROOKFIELD WC & ID | 4.000% | 09/01/45 | 11 | 106 | 95 | 864% |
| 3 | LAKES CENTERRA-#2-B | 4.250% | 12/15/44 | 6 | 101 | 95 | 1583% |
| 4 | WA ST-R-REF | 5.000% | 07/01/36 | 32 | 124 | 92 | 288% |
| 5 | DASNY A-1 | 4.000% | 07/01/43 | 25 | 116 | 91 | 364% |
| 6 | SNAKE RIVER WTR DT | 4.000% | 03/01/44 | 21 | 112 | 91 | 433% |
| 7 | AZ INDL DEV AUTH -A | 4.000% | 06/01/44 | 34 | 116 | 82 | 241% |
| 8 | NYC MUNI WTR FIN-BB-1 | 4.000% | 06/15/45 | 70 | 152 | 82 | 117% |
| 9 | MAIN STREET NATURAL-B | 5.000% | 12/01/54 | 54 | 136 | 82 | 152% |
| 10 | OHIO ST HOSP REVENU-B | 5.000% | 08/15/54 | 5 | 85 | 80 | 1600% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 8/9/24 – 8/16/24
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | NYC TRANSITIONAL-A-1 | 5.000% | 11/01/36 | 52 |
| 2 | NYC TRANSITIONAL-A-1 | 5.000% | 11/01/31 | 49 |
| 3 | NYC TRANSITIONAL-A-1 | 5.000% | 11/01/37 | 45 |
| 4 | LOS ANGELES UNIF SD-A | 5.000% | 07/01/34 | 44 |
| 5 | NYC TRANSITIONAL-A-1 | 5.000% | 11/01/33 | 43 |
| 6 | NYC TRANSITIONAL-A-1 | 5.000% | 11/01/35 | 43 |
| 7 | CA UNIV REGENTS-BW | 5.000% | 05/15/35 | 42 |
| 8 | CA UNIV REGENTS-BW | 5.000% | 05/15/54 | 40 |
| 9 | MASSACHUSETTS ST-B | 5.000% | 05/01/54 | 38 |
| 10 | MET WASHINGTON DC ARP | 4.000% | 10/01/52 | 37 |
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