Municipals

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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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