Municipals
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Municipal Bond Market Summary:
Week Ending 8/6/24
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 8/30/24-9/6/24
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
| 1 | UNIV CA TAXABLE-GEN- | 4.858% | 05/15/12 | 4.10% | 98.21 | 94.35 | 7 |
| 2 | NORTHUMBERLAND CO | 3.000% | 12/01/29 | 4.04% | 100.18 | 96.29 | 2 |
| 3 | UNIV OF CALIFORNIA CA | 3.706% | 05/15/20 | 3.97% | 74.19 | 71.36 | 8 |
| 4 | UNIV OF HAWAII-A | 3.203% | 10/01/40 | 3.55% | 83.84 | 80.97 | 4 |
| 5 | UNIV OF FL DORM-A-BAM | 3.000% | 07/01/51 | 3.18% | 80.56 | 78.08 | 4 |
| 6 | UNIV OF MICHIGAN-A | 4.454% | 04/01/22 | 3.15% | 91.88 | 89.07 | 9 |
| 7 | FOOTHILL ESTRN TRANSP | 4.094% | 01/15/49 | 3.14% | 90.27 | 87.52 | 9 |
| 8 | RUTGERS UNIV-P-TXBL | 3.915% | 05/01/19 | 3.04% | 78.88 | 76.55 | 8 |
| 9 | MAMARONECK TWN | 2.000% | 08/01/32 | 2.97% | 91.06 | 88.44 | 4 |
| 10 | HAWAII ST ARPTS SYS C | 3.140% | 07/01/47 | 2.93% | 80.15 | 77.86 | 4 |
Bottom 10 Performers
Showcases the bottom 10 Muni Bond performers based on price movements between 8/30/24-9/6/24
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
| 1 | OK NORMED 5.00 09/01/2045 | 5.000% | 09/01/45 | -2.50% | 97.50 | 100.00 | 3 |
| 2 | CA BTWSCD 5.25 08/01/2052 | 5.250% | 08/01/52 | -2.31% | 108.41 | 110.97 | 2 |
| 3 | TX SANUTL 3.00 02/01/2037 | 3.000% | 02/01/37 | -2.26% | 92.85 | 94.99 | 12 |
| 4 | DC METAPT 4.00 10/01/2053 | 4.000% | 10/01/53 | -2.16% | 97.25 | 99.40 | 2 |
| 5 | TX RKWSCD 4.00 02/15/2049 | 4.000% | 02/15/49 | -2.08% | 96.93 | 99.00 | 8 |
| 6 | GA COBDEV 3.00 07/15/2036 | 3.000% | 07/15/36 | -1.93% | 90.63 | 92.40 | 9 |
| 7 | TX HARWTR 5.25 10/01/2037 | 5.250% | 10/01/37 | -1.87% | 113.88 | 116.05 | 2 |
| 8 | TX NRTTRN 5.00 01/01/2048 | 5.000% | 01/01/48 | -1.86% | 103.49 | 105.46 | 2 |
| 9 | PA MONHGR 4.25 04/01/2035 | 4.250% | 04/01/35 | -1.83% | 96.17 | 97.96 | 2 |
| 10 | PA PHIDEV 6.35 04/15/2028 | 6.350% | 04/15/28 | -1.82% | 104.67 | 106.61 | 5 |
Top 10 State Performers
Showcases the top 10 Muni State performers based on yield movements between 8/30/24-9/6/24
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | OK | -26 bps | 2.90% | 3.16% |
| 2 | NH | -19 bps | 3.30% | 3.50% |
| 3 | NY | -19 bps | 3.46% | 3.65% |
| 4 | DC | -17 bps | 3.29% | 3.45% |
| 5 | CA | -16 bps | 3.35% | 3.52% |
| 6 | GA | -16 bps | 3.24% | 3.40% |
| 7 | AZ | -16 bps | 3.38% | 3.54% |
| 8 | AL | -15 bps | 3.48% | 3.63% |
| 9 | UT | -15 bps | 3.18% | 3.32% |
| 10 | WV | -14 bps | 3.62% | 3.76% |
Bottom 10 State Performers
Showcases the bottom 10 Muni State performers based on yield movements between 8/30/24-9/6/24
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | MD | 5 bps | 3.38% | 3.34% |
| 2 | SD | 4 bps | 3.88% | 3.85% |
| 3 | ME | 2 bps | 3.60% | 3.57% |
| 4 | RI | 0 bps | 3.27% | 3.27% |
| 5 | NC | 0 bps | 3.14% | 3.14% |
| 6 | NJ | 0 bps | 3.63% | 3.63% |
| 7 | AK | 0 bps | 3.68% | 3.68% |
| 8 | KS | 0 bps | 3.59% | 3.59% |
| 9 | OH | -1 bps | 3.52% | 3.54% |
| 10 | CO | -2 bps | 3.60% | 3.61% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 8/30/24-9/6/24 (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 8/30/24-9/6/24 (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 8/30/24-9/6/24 (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 8/30/24-9/6/24
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 8/30/24 vs. the week ending 9/6/24
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | ELYSIAN FIELDS ISD | 4.000% | 02/15/49 | 30 | 102 | 72 | 240% |
| 2 | PAMPA ISD-BLDG BONDS | 4.000% | 08/15/54 | 41 | 107 | 66 | 161% |
| 3 | PERALTA CLG-A-REF | 5.000% | 08/01/31 | 27 | 84 | 57 | 211% |
| 4 | GREENVILLE ELEC-REF | 5.000% | 02/15/54 | 13 | 70 | 57 | 438% |
| 5 | PERALTA CLG-A-REF | 5.000% | 08/01/30 | 27 | 84 | 57 | 211% |
| 6 | CHARLOTTE-REF | 5.000% | 07/01/27 | 54 | 110 | 56 | 104% |
| 7 | WISCONSIN ST-2-REF | 5.000% | 05/01/28 | 44 | 97 | 53 | 120% |
| 8 | MODESTO IRR-B-REF | 5.000% | 10/01/31 | 27 | 80 | 53 | 196% |
| 9 | MT SAN ANTONIO CCD-A | 0.000% | 08/01/25 | 32 | 82 | 50 | 156% |
| 10 | WASHINGTON ST-C | 5.000% | 02/01/40 | 29 | 78 | 49 | 169% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 8/30/24 – 9/6/24
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | NYC TRANSITIONAL-A-1 | 5.000% | 11/01/35 | 49 |
| 2 | NYC TRANSITIONAL-A-1 | 5.000% | 11/01/36 | 47 |
| 3 | NYC TRANSITIONAL-A-1 | 5.000% | 11/01/31 | 45 |
| 4 | CA UNIV REGENTS-BW | 5.000% | 05/15/35 | 45 |
| 5 | NYC TRANSITIONAL-A-1 | 5.000% | 11/01/37 | 41 |
| 6 | CA UNIV REGENTS-BW | 5.000% | 05/15/54 | 41 |
| 7 | ROYSE ISD | 5.000% | 02/15/54 | 39 |
| 8 | NYC TRANSITIONAL-A-1 | 5.000% | 11/01/33 | 38 |
| 9 | FAIRFAX CNTY VA INDL | 4.125% | 05/15/54 | 37 |
| 10 | NEW YORK-A-REF | 5.000% | 08/01/32 | 36 |
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