Municipals
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Municipal Bond Market Summary:
Week Ending 8/13/24
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 9/6/24-9/13/24
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
| 1 | ANNA ISD | 4.000% | 02/15/54 | 4.06% | 99.44 | 95.56 | 6 |
| 2 | CMFA SPL FIN AGY 7-A2 | 4.000% | 08/01/47 | 4.05% | 90.00 | 86.50 | 2 |
| 3 | NJ ECON DEV AUTH | 4.000% | 06/15/35 | 4.03% | 106.92 | 102.78 | 3 |
| 4 | NEWARK HGR EDU FIN-A | 4.375% | 08/15/59 | 3.47% | 100.84 | 97.46 | 5 |
| 5 | SAN FRANCISCO CA BAY | 2.822% | 08/01/32 | 3.45% | 91.20 | 88.16 | 4 |
| 6 | MISSOURI ST HLTH & ED | 3.086% | 09/15/51 | 3.17% | 77.71 | 75.32 | 6 |
| 7 | NY TRANS FIN AUTH-F-3 | 3.000% | 02/01/38 | 3.05% | 95.99 | 93.14 | 6 |
| 8 | MONMOUTH CO NJ IMPT | 3.000% | 12/01/36 | 3.03% | 97.90 | 95.03 | 3 |
| 9 | LOUISVILLE & JEFFERSO | 3.000% | 05/15/46 | 3.01% | 81.74 | 79.35 | 5 |
| 10 | BENTON WASHINGTON WTR | 3.375% | 10/01/47 | 2.98% | 88.85 | 86.27 | 2 |
Bottom 10 Performers
Showcases the bottom 10 Muni Bond performers based on price movements between 9/6/24-9/13/24
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
| 1 | CA CASHGR 2.90 11/01/2051 | 2.897% | 11/01/51 | -3.47% | 74.24 | 76.91 | 7 |
| 2 | KY KYSFAC 5.00 11/01/2037 | 5.000% | 11/01/37 | -2.88% | 109.83 | 113.09 | 2 |
| 3 | ID MADSCD 5.00 09/15/2040 | 5.000% | 09/15/40 | -2.80% | 114.98 | 118.30 | 2 |
| 4 | MN SLP 4.00 02/01/2027 | 4.000% | 02/01/27 | -2.72% | 105.60 | 108.55 | 3 |
| 5 | VA VACHGR 4.00 06/01/2046 | 4.000% | 06/01/46 | -2.50% | 89.70 | 92.00 | 5 |
| 6 | GA GAIMED 3.00 02/15/2051 | 3.000% | 02/15/51 | -2.47% | 78.38 | 80.37 | 3 |
| 7 | OK UNIHSG 3.38 07/01/2041 | 3.375% | 07/01/41 | -2.42% | 90.16 | 92.40 | 2 |
| 8 | NJ MAPSCD 3.00 07/15/2035 | 3.000% | 07/15/35 | -2.24% | 96.42 | 98.63 | 15 |
| 9 | MI MI ISH 2 03/01/2030 2.77 05/01/2035 | 2.770% | 05/01/35 | -2.24% | 85.65 | 87.62 | 6 |
| 10 | VA TOBGEN 5.00 06/01/2047 | 5.000% | 06/01/47 | -2.06% | 96.78 | 98.81 | 3 |
Top 10 State Performers
Showcases the top 10 Muni State performers based on yield movements between 9/6/24-9/13/24
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | ME | -25 bps | 3.34% | 3.59% |
| 2 | AL | -18 bps | 3.38% | 3.56% |
| 3 | ND | -17 bps | 3.18% | 3.36% |
| 4 | NE | -16 bps | 3.30% | 3.46% |
| 5 | SD | -15 bps | 3.73% | 3.88% |
| 6 | SC | -12 bps | 3.36% | 3.48% |
| 7 | TN | -10 bps | 3.30% | 3.40% |
| 8 | DE | -9 bps | 2.90% | 2.99% |
| 9 | VA | -9 bps | 3.20% | 3.30% |
| 10 | UT | -9 bps | 3.09% | 3.18% |
Bottom 10 State Performers
Showcases the bottom 10 Muni State performers based on yield movements between 9/6/24-9/13/24
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | DC | 20 bps | 3.49% | 3.29% |
| 2 | OK | 10 bps | 3.00% | 2.90% |
| 3 | HI | 8 bps | 3.89% | 3.82% |
| 4 | NC | 7 bps | 3.22% | 3.15% |
| 5 | MO | 7 bps | 3.52% | 3.45% |
| 6 | IN | 6 bps | 3.37% | 3.31% |
| 7 | MS | 5 bps | 3.76% | 3.71% |
| 8 | WA | 4 bps | 3.60% | 3.56% |
| 9 | LA | 4 bps | 3.63% | 3.60% |
| 10 | MN | 3 bps | 3.42% | 3.38% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 9/6/24-9/13/24 (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 9/6/24-9/13/24 (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 9/6/24-9/13/24 (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 9/6/24-9/13/24
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 9/6/24 vs. the week ending 9/13/24
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | NYC TRUST CULT RES-A | 4.000% | 07/01/46 | 9 | 128 | 119 | 1322% |
| 2 | DASNY-A | 4.000% | 07/01/48 | 14 | 107 | 93 | 664% |
| 3 | DASNY-A-REV-REF | 4.000% | 07/01/49 | 41 | 133 | 92 | 224% |
| 4 | DASNY -REF | 4.000% | 07/01/52 | 44 | 133 | 89 | 202% |
| 5 | SAN ANTONIO-D-REF-REV | 5.250% | 02/01/54 | 90 | 158 | 68 | 76% |
| 6 | MONROE CO INDL DEV | 5.250% | 06/01/49 | 19 | 85 | 66 | 347% |
| 7 | CO REGL TRANS DT-REF | 5.000% | 06/01/34 | 64 | 128 | 64 | 100% |
| 8 | MONROE CO INDL DEV -A | 4.000% | 07/01/50 | 66 | 130 | 64 | 97% |
| 9 | SOUTHFIELD PUB SCHS | 5.000% | 05/01/49 | 17 | 79 | 62 | 365% |
| 10 | PENNSYLVANIA ST TURNP | 4.000% | 12/01/50 | 7 | 69 | 62 | 886% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 9/6/24 – 9/13/24
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | CA UNIV REGENTS-BW | 5.000% | 05/15/35 | 45 |
| 2 | NYC TRANSITIONAL-A-1 | 5.000% | 11/01/35 | 44 |
| 3 | NEW YORK C-1 | 4.000% | 09/01/52 | 41 |
| 4 | MINNEAPOLIS ST PAUL-A | 4.000% | 01/01/54 | 40 |
| 5 | ROYSE ISD | 5.000% | 02/15/54 | 40 |
| 6 | NYC TRANSITIONAL-A-1 | 5.000% | 11/01/31 | 40 |
| 7 | NEW BRAUNFELS ISD | 4.000% | 02/01/52 | 38 |
| 8 | CA UNIV REGENTS-BW | 5.000% | 05/15/54 | 37 |
| 9 | PEARLAND-CTFS OBLIG-C | 4.000% | 09/01/49 | 37 |
| 10 | SAN DIEGO UNIF SD-B3 | 4.000% | 07/01/54 | 37 |
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