Municipals

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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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