Municipal Bond Market Summary – Week Ending 9/20/24
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Municipal Bond Market Summary: Week Ending 8/20/24
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 9/13/24-9/20/24
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|---|---|
| 1 | FOOTHILL ETC CLG-D | 3.000% | 08/01/40 | 4.61% | 94.67 | 90.50 | 4 |
| 2 | CHICAGO TXB-D-BAM | 6.257% | 01/01/40 | 4.34% | 111.21 | 106.59 | 4 |
| 3 | DUTCHESS CO-B | 3.375% | 03/01/42 | 3.64% | 94.41 | 91.09 | 2 |
| 4 | NEW YORK LIBERTY DEV | 3.125% | 09/15/50 | 3.61% | 83.81 | 80.89 | 7 |
| 5 | PUB FIN AUTH | 4.000% | 07/01/41 | 3.52% | 89.61 | 86.57 | 3 |
| 6 | NEWARK HGR EDU FIN-A | 4.125% | 08/15/49 | 3.49% | 99.58 | 96.23 | 3 |
| 7 | UPPER MERION SCH DT-A | 3.000% | 01/15/42 | 3.48% | 90.26 | 87.22 | 2 |
| 8 | HAWAII-FB | 3.000% | 04/01/36 | 3.21% | 96.68 | 93.67 | 3 |
| 9 | BUTLER AUTH-BUTLER SD | 4.425% | 10/01/34 | 3.18% | 99.57 | 96.50 | 2 |
| 10 | ASHLAND KY MED CENTER | 3.000% | 02/01/40 | 2.99% | 88.34 | 85.78 | 3 |
Bottom 10 Performers
Showcases the bottom 10 Muni Bond performers based on price movements between 9/13/24-9/20/24
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|---|---|
| 1 | MA MASHGR 5.50 05/01/2033 | 5.500% | 05/01/33 | -4.20% | 117.16 | 122.30 | 4 |
| 2 | MN SLP 4.00 02/01/2040 | 4.000% | 02/01/40 | -4.15% | 105.13 | 109.68 | 2 |
| 3 | NJ NJSDEV 4.00 06/15/2035 | 4.000% | 06/15/35 | -3.85% | 102.81 | 106.92 | 3 |
| 4 | MN BWVSCD 4.00 02/01/2041 | 4.000% | 02/01/41 | -2.92% | 103.20 | 106.30 | 2 |
| 5 | MN UNIHGR 4.05 04/01/2052 | 4.048% | 04/01/52 | -2.85% | 90.83 | 93.50 | 4 |
| 6 | HI HIS 5.30 10/01/2039 | 5.298% | 10/01/39 | -2.83% | 104.22 | 107.26 | 9 |
| 7 | TX ARLEDU 5.75 09/01/2051 | 5.750% | 09/01/51 | -2.70% | 71.57 | 73.56 | 2 |
| 8 | CA UNVHGR 2.65 05/15/2050 | 2.650% | 05/15/50 | -2.41% | 69.49 | 71.20 | 4 |
| 9 | PA CMNGEN 3.81 06/01/2041 | 3.807% | 06/01/41 | -2.01% | 88.04 | 89.85 | 8 |
| 10 | SC SCSDEV 3.00 04/01/2038 | 3.000% | 04/01/38 | -1.97% | 89.41 | 91.21 | 2 |
Top 10 State Performers
Showcases the top 10 Muni State performers based on yield movements between 9/13/24-9/20/24
| RANK | STATE | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | SD | -29 bps | 3.44% | 3.73% |
| 2 | LA | -21 bps | 3.43% | 3.63% |
| 3 | CT | -16 bps | 3.40% | 3.56% |
| 4 | SC | -16 bps | 3.20% | 3.37% |
| 5 | HI | -15 bps | 3.75% | 3.89% |
| 6 | AK | -14 bps | 3.54% | 3.68% |
| 7 | WI | -12 bps | 3.42% | 3.54% |
| 8 | ME | -12 bps | 3.29% | 3.40% |
| 9 | MN | -11 bps | 3.31% | 3.42% |
| 10 | OH | -9 bps | 3.37% | 3.46% |
Bottom 10 State Performers
Showcases the bottom 10 Muni State performers based on yield movements between 9/13/24-9/20/24
| RANK | STATE | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | GA | 13 bps | 3.40% | 3.27% |
| 2 | NC | 12 bps | 3.34% | 3.22% |
| 3 | KY | 7 bps | 3.42% | 3.35% |
| 4 | AZ | 6 bps | 3.36% | 3.30% |
| 5 | NM | 6 bps | 3.43% | 3.37% |
| 6 | MO | 6 bps | 3.57% | 3.52% |
| 7 | NY | 5 bps | 3.53% | 3.48% |
| 8 | FL | 5 bps | 3.59% | 3.55% |
| 9 | OK | 4 bps | 3.05% | 3.00% |
| 10 | NE | 3 bps | 3.33% | 3.30% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 9/13/24-9/20/24 (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 9/13/24-9/20/24 (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 9/13/24-9/20/24 (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 9/13/24-9/20/24
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 9/13/24 vs. the week ending 9/20/24
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | MASSACHUSETTS ST-A | 5.000% | 01/01/37 | 34 | 133 | 99 | 291% |
| 2 | CA ENTERPRISE DEV-A | 5.250% | 11/01/54 | 49 | 115 | 66 | 135% |
| 3 | MASSACHUSETTS ST DEV | 5.000% | 07/01/50 | 26 | 91 | 65 | 250% |
| 4 | PORT OF SEATTLE WA RE | 4.000% | 04/01/44 | 4 | 65 | 61 | 1525% |
| 5 | SOUTH CA WTR RPLMNT | 5.000% | 08/01/29 | 5 | 63 | 58 | 1160% |
| 6 | CA EDU FACS AUTH-REF | 5.000% | 11/01/27 | 5 | 63 | 58 | 1160% |
| 7 | SC JOBS-ECON DEV -A | 4.500% | 11/01/54 | 27 | 85 | 58 | 215% |
| 8 | HARRIS CO-A-REF | 5.000% | 10/01/47 | 18 | 75 | 57 | 317% |
| 9 | GOLIAD ISD | 4.000% | 02/15/48 | 66 | 122 | 56 | 85% |
| 10 | UNIV OF CALIFORNIA-Q | 4.000% | 05/15/38 | 10 | 64 | 54 | 540% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 9/13/24 – 9/20/24
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | CA UNIV REGENTS-BW | 5.000% | 05/15/35 | 45 |
| 2 | SAN DIEGO UNIF SD-B3 | 4.000% | 07/01/54 | 44 |
| 3 | NYC TRANSITIONAL-A-1 | 5.000% | 11/01/35 | 44 |
| 4 | NEW YORK C-1 | 4.000% | 09/01/52 | 41 |
| 5 | PEARLAND-CTFS OBLIG-C | 4.000% | 09/01/49 | 38 |
| 6 | NYC TRANSITIONAL-A-1 | 5.000% | 11/01/31 | 38 |
| 7 | NEW BRAUNFELS ISD | 4.000% | 02/01/52 | 38 |
| 8 | ROYSE ISD | 5.000% | 02/15/54 | 37 |
| 9 | FAIRFAX CNTY VA INDL | 4.125% | 05/15/54 | 35 |
| 10 | CHICAGO-A | 5.250% | 01/01/45 | 35 |
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