Municipals
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Municipal Bond Market Summary:
Week Ending 8/23/24
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 8/16/24-8/23/24
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
| 1 | OH ST UNIV GEN RCPTS | 4.800% | 06/01/11 | 4.12% | 96.56 | 92.74 | 7 |
| 2 | HOUSTON TX UTL SYS-C | 2.255% | 11/15/29 | 4.09% | 92.06 | 88.44 | 9 |
| 3 | PORT AUTH NY/NJ-TXBL | 4.031% | 09/01/48 | 3.80% | 89.88 | 86.59 | 4 |
| 4 | NEWARK HGR EDU FIN-A | 4.000% | 04/01/57 | 3.80% | 94.18 | 90.74 | 5 |
| 5 | LADUE SD | 2.500% | 03/01/29 | 3.60% | 97.28 | 93.90 | 8 |
| 6 | CA FOR PREVIOUS ISSU | 7.625% | 03/01/40 | 3.53% | 124.28 | 120.04 | 6 |
| 7 | MTA NYS DEDICATED TA | 7.336% | 11/15/39 | 3.49% | 122.25 | 118.12 | 5 |
| 8 | WEBER BASIN WTR-A-REF | 3.250% | 10/01/37 | 3.33% | 98.77 | 95.59 | 2 |
| 9 | LA JOYA ISD-REF | 3.000% | 02/15/36 | 3.27% | 95.07 | 92.05 | 5 |
| 10 | PUB FIN AUTH -A | 4.000% | 07/01/50 | 3.18% | 97.50 | 94.49 | 6 |
Bottom 10 Performers
Showcases the bottom 10 Muni Bond performers based on price movements between 8/16/24-8/23/24
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
| 1 | MN MNSHSG 3.00 08/01/2037 | 3.000% | 08/01/37 | -3.38% | 89.60 | 92.73 | 3 |
| 2 | VA HENDEV 3.00 10/01/2035 | 3.000% | 10/01/35 | -3.36% | 88.85 | 91.94 | 3 |
| 3 | FL GREAPT 4.00 10/01/2052 | 4.000% | 10/01/52 | -3.17% | 93.62 | 96.68 | 8 |
| 4 | PA SPRSCD 4.00 11/15/2039 | 4.000% | 11/15/39 | -3.03% | 102.24 | 105.43 | 2 |
| 5 | TX BEXMED 3.00 02/15/2036 | 3.000% | 02/15/36 | -2.91% | 91.82 | 94.57 | 3 |
| 6 | GA FULDEV 5.00 06/01/2029 | 5.000% | 06/01/29 | -2.83% | 107.14 | 110.25 | 2 |
| 7 | PA PNDSCD 3.00 06/01/2036 | 3.000% | 06/01/36 | -2.79% | 92.05 | 94.70 | 3 |
| 8 | TN TNSHSG 1.60 07/01/2030 | 1.600% | 07/01/30 | -2.69% | 86.87 | 89.28 | 2 |
| 9 | NE DOUMED 3.00 05/15/2039 | 3.000% | 05/15/39 | -2.65% | 86.26 | 88.62 | 2 |
| 10 | TX ARLEDU 3.00 08/15/2049 | 3.000% | 08/15/49 | -2.56% | 77.52 | 79.55 | 6 |
Top 10 State Performers
Showcases the top 10 Muni State performers based on yield movements between 8/16/24-8/23/24
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | MS | -17 bps | 3.81% | 3.98% |
| 2 | DE | -16 bps | 3.12% | 3.28% |
| 3 | NC | -14 bps | 3.18% | 3.32% |
| 4 | NV | -13 bps | 3.44% | 3.57% |
| 5 | IL | -12 bps | 3.81% | 3.93% |
| 6 | MO | -10 bps | 3.70% | 3.79% |
| 7 | GA | -8 bps | 3.33% | 3.42% |
| 8 | NJ | -8 bps | 3.67% | 3.75% |
| 9 | OR | -7 bps | 3.62% | 3.69% |
| 10 | NM | -6 bps | 3.42% | 3.49% |
Bottom 10 State Performers
Showcases the bottom 10 Muni State performers based on yield movements between 8/16/24-8/23/24
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | AL | 13 bps | 3.69% | 3.55% |
| 2 | SC | 11 bps | 3.67% | 3.56% |
| 3 | WV | 9 bps | 3.74% | 3.65% |
| 4 | NY | 6 bps | 3.70% | 3.64% |
| 5 | VT | 4 bps | 3.45% | 3.41% |
| 6 | WI | 2 bps | 3.71% | 3.69% |
| 7 | RI | 2 bps | 3.33% | 3.31% |
| 8 | KY | 1 bps | 3.63% | 3.61% |
| 9 | CO | 1 bps | 3.48% | 3.46% |
| 10 | FL | 1 bps | 3.65% | 3.64% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 8/16/24-8/23/24 (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 8/16/24-8/23/24 (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 8/16/24-8/23/24 (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 8/16/24-8/23/24
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 8/16/24 vs. the week ending 8/23/24
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | BISHOP CONSOL ISD | 4.000% | 08/15/49 | 14 | 93 | 79 | 564% |
| 2 | BISHOP CONSOL ISD | 5.000% | 08/15/41 | 15 | 81 | 66 | 440% |
| 3 | BISHOP CONSOL ISD | 5.000% | 08/15/42 | 15 | 77 | 62 | 413% |
| 4 | BISHOP CONSOL ISD | 5.000% | 08/15/43 | 15 | 77 | 62 | 413% |
| 5 | VA ST SMALL BUSINESS | 4.000% | 12/01/41 | 41 | 99 | 58 | 141% |
| 6 | VIA MET TRANSIT ADVAN | 5.000% | 08/01/43 | 10 | 64 | 54 | 540% |
| 7 | VIA MET TRANSIT ADVAN | 4.000% | 08/01/54 | 17 | 71 | 54 | 318% |
| 8 | NJ HLTH CARE FACS-REF | 5.000% | 09/15/30 | 3 | 51 | 48 | 1600% |
| 9 | NEW YORK ST THRUWAY-A | 4.000% | 03/15/57 | 99 | 144 | 45 | 45% |
| 10 | SANTA CLARA USD | 3.000% | 07/01/38 | 32 | 76 | 44 | 138% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 8/16/24 – 8/23/24
| 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 | 50 |
| 3 | NYC TRANSITIONAL-A-1 | 5.000% | 11/01/35 | 48 |
| 4 | CA UNIV REGENTS-BW | 5.000% | 05/15/35 | 46 |
| 5 | NYC TRANSITIONAL-A-1 | 5.000% | 11/01/37 | 45 |
| 6 | NYC TRANSITIONAL-A-1 | 5.000% | 11/01/33 | 44 |
| 7 | CA UNIV REGENTS-BW | 5.000% | 05/15/54 | 42 |
| 8 | MASSACHUSETTS ST-B | 5.000% | 05/01/54 | 37 |
| 9 | MET WASHINGTON DC ARP | 4.000% | 10/01/52 | 37 |
| 10 | LOS ANGELES UNIF SD-A | 5.000% | 07/01/34 | 37 |
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