Municipal Bond Market Summary – Week Ending 8/30/24
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Municipal Bond Market Summary: Week Ending 8/30/24
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 8/23/24-8/30/24
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|---|---|
| 1 | LAKE CHARLES HARBOR | 1.000% | 12/01/51 | 4.48% | 99.24 | 94.98 | 4 |
| 2 | MA DEV FIN AGENCY-A | 5.000% | 07/01/60 | 4.09% | 101.71 | 97.71 | 3 |
| 3 | LOVELAND -WTR REV-REF | 3.000% | 08/01/35 | 3.52% | 96.79 | 93.50 | 4 |
| 4 | ATLANTA DEV AUTH-1 | 0.000% | 12/15/48 | 3.40% | 81.11 | 78.45 | 2 |
| 5 | CVI-HTA 98 SUB CLAIM | 0.000% | 11/01/51 | 3.25% | 31.35 | 30.36 | 6 |
| 6 | FLORIDA ST-A | 3.250% | 07/01/39 | 2.83% | 93.70 | 91.12 | 2 |
| 7 | GLENDALE TRN EXCISE | 3.000% | 07/01/31 | 2.74% | 98.52 | 95.89 | 3 |
| 8 | CALHOUN CO NAV IND-A | 3.625% | 07/01/26 | 2.59% | 87.12 | 84.92 | 4 |
| 9 | CA HSG FIN AGY CTFS | 3.750% | 03/25/35 | 2.59% | 103.02 | 100.42 | 2 |
| 10 | MIAMI BEACH W/S-REF | 5.000% | 09/01/47 | 2.56% | 105.77 | 103.14 | 3 |
Bottom 10 Performers
Showcases the bottom 10 Muni Bond performers based on price movements between 8/23/24-8/30/24
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|---|---|
| 1 | OR ORSHSG 5.31 07/01/2025 | 5.314% | 07/01/25 | -4.91% | 95.64 | 100.58 | 7 |
| 2 | TX DALAPT 3.09 11/01/2040 | 3.089% | 11/01/40 | -4.52% | 81.24 | 85.09 | 6 |
| 3 | NY NYSHGR 2.22 07/01/2035 | 2.219% | 07/01/35 | -3.53% | 83.16 | 86.20 | 4 |
| 4 | VA VASSCD 3.25 08/01/2049 | 3.250% | 08/01/49 | -3.20% | 85.41 | 88.23 | 2 |
| 5 | NC CHAAPT 4.00 07/01/2047 | 4.000% | 07/01/47 | -3.19% | 98.99 | 102.25 | 5 |
| 6 | OR ORS 5.90 08/01/2038 | 5.902% | 08/01/38 | -3.00% | 106.91 | 110.22 | 8 |
| 7 | TX ARLEDU 4.00 02/15/2049 | 4.000% | 02/15/49 | -2.76% | 96.41 | 99.14 | 8 |
| 8 | CA CVASCD 3.00 08/01/2038 | 3.000% | 08/01/38 | -2.59% | 89.93 | 92.32 | 2 |
| 9 | CA CDAHSG 3.00 12/01/2056 | 3.000% | 12/01/56 | -2.47% | 71.20 | 73.00 | 7 |
| 10 | NY NYC 3.63 03/01/2045 | 3.625% | 03/01/45 | -2.41% | 94.33 | 96.65 | 3 |
Top 10 State Performers
Showcases the top 10 Muni State performers based on yield movements between 8/23/24-8/30/24
| RANK | STATE | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | NH | -21 bps | 3.50% | 3.70% |
| 2 | SC | -14 bps | 3.54% | 3.68% |
| 3 | ND | -12 bps | 3.37% | 3.49% |
| 4 | GA | -12 bps | 3.22% | 3.34% |
| 5 | DC | -11 bps | 3.45% | 3.56% |
| 6 | MO | -11 bps | 3.59% | 3.69% |
| 7 | KS | -11 bps | 3.59% | 3.70% |
| 8 | ME | -10 bps | 3.57% | 3.67% |
| 9 | NE | -9 bps | 3.50% | 3.59% |
| 10 | DE | -9 bps | 3.03% | 3.12% |
Bottom 10 State Performers
Showcases the bottom 10 Muni State performers based on yield movements between 8/23/24-8/30/24
| RANK | STATE | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | HI | 18 bps | 3.87% | 3.69% |
| 2 | IL | 14 bps | 3.95% | 3.81% |
| 3 | CO | 13 bps | 3.61% | 3.48% |
| 4 | OR | 7 bps | 3.68% | 3.61% |
| 5 | AK | 7 bps | 3.68% | 3.61% |
| 6 | MD | 7 bps | 3.34% | 3.27% |
| 7 | OK | 5 bps | 3.15% | 3.10% |
| 8 | IA | 5 bps | 3.60% | 3.55% |
| 9 | MS | 2 bps | 3.82% | 3.80% |
| 10 | MN | 2 bps | 3.47% | 3.44% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 8/23/24-8/30/24 (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 8/23/24-8/30/24 (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 8/23/24-8/30/24 (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 8/23/24-8/30/24
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 8/23/24 vs. the week ending 8/30/24
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | BLACK BELT-SER-C | 5.000% | 05/01/55 | 79 | 150 | 71 | 90% |
| 2 | BROOKHAVEN DEV AUTH-A | 4.000% | 07/01/49 | 69 | 132 | 63 | 91% |
| 3 | HONOLULU CITY & CNTY | 5.000% | 09/01/31 | 25 | 85 | 60 | 240% |
| 4 | CALIFORNIA ST HLTH FA | 4.000% | 11/15/47 | 10 | 65 | 55 | 550% |
| 5 | SAN FRANCISCO-REF-C | 5.500% | 05/01/39 | 19 | 71 | 52 | 274% |
| 6 | CALISTOGA JT UNIF SD | 5.000% | 08/01/52 | 40 | 92 | 52 | 130% |
| 7 | VIA MET TRANSIT ADVAN | 5.000% | 08/01/49 | 24 | 75 | 51 | 213% |
| 8 | FRANKLIN CO HOSP AUTH | 4.000% | 11/01/45 | 32 | 82 | 50 | 156% |
| 9 | ALLEGHENY CO HGR EDU | 5.000% | 03/01/43 | 32 | 82 | 50 | 156% |
| 10 | MARICOPA CNTY AZ INDL | 5.000% | 01/01/34 | 25 | 73 | 48 | 192% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 8/23/24 – 8/30/24
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | NYC TRANSITIONAL-A-1 | 5.000% | 11/01/36 | 50 |
| 2 | NYC TRANSITIONAL-A-1 | 5.000% | 11/01/35 | 48 |
| 3 | NYC TRANSITIONAL-A-1 | 5.000% | 11/01/31 | 48 |
| 4 | CA UNIV REGENTS-BW | 5.000% | 05/15/35 | 45 |
| 5 | NYC TRANSITIONAL-A-1 | 5.000% | 11/01/33 | 41 |
| 6 | CA UNIV REGENTS-BW | 5.000% | 05/15/54 | 41 |
| 7 | MET WASHINGTON DC ARP | 4.000% | 10/01/52 | 37 |
| 8 | NEW YORK C-1 | 4.000% | 09/01/52 | 36 |
| 9 | NEW YORK-A-REF | 5.000% | 08/01/32 | 35 |
| 10 | FAIRFAX CNTY VA INDL | 4.125% | 05/15/54 | 35 |
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