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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