Municipals

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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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