Municipals
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Municipal Bond Market Summary:
Week Ending 11/1/24
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 10/25/24-11/1/24
RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
1 | SAN ANTONIO TX EDU FA | 3.242% | 06/01/50 | 3.18% | 69.44 | 67.30 | 5 |
2 | OMAHA -C | 4.000% | 04/15/54 | 3.12% | 97.37 | 94.43 | 23 |
3 | ALDINE ISD-B-REF | 4.000% | 02/15/54 | 2.97% | 98.20 | 95.37 | 22 |
4 | KUTZTOWN ASD | 4.250% | 03/15/50 | 2.54% | 98.98 | 96.53 | 4 |
5 | SAN ANGELO TX | 4.000% | 02/15/45 | 2.45% | 97.58 | 95.25 | 8 |
6 | NORTH CAROLINA ST UNI | 2.254% | 10/01/34 | 2.42% | 81.16 | 79.25 | 5 |
7 | WISCONSIN CENTER DIST | 4.173% | 12/15/50 | 2.40% | 85.77 | 83.76 | 4 |
8 | FUQUAY-VARINA TWN-C | 4.000% | 06/01/45 | 2.40% | 99.18 | 96.86 | 15 |
9 | OREGON EDU DISTS-A | 2.357% | 06/30/34 | 2.35% | 81.77 | 79.89 | 3 |
10 | KY ASSN OF COS FIN | 3.250% | 02/01/41 | 2.30% | 88.02 | 86.04 | 2 |
Bottom 10 Performers
Showcases the bottom 10 Muni Bond performers based on price movements between 10/25/24-11/1/24
RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
1 | CA LOSHGR 6.75 08/01/2049 | 6.750% | 08/01/49 | -5.34% | 115.29 | 121.80 | 4 |
2 | FL FLSEDU 2.38 06/01/2031 | 2.375% | 06/01/31 | -5.07% | 91.09 | 95.96 | 2 |
3 | PR PRC 0.00 11/01/2051 | 0.000% | 11/01/51 | -4.78% | 52.09 | 54.70 | 3 |
4 | NY NYCDEV 3.00 11/15/2051 | 3.000% | 11/15/51 | -4.65% | 75.61 | 79.30 | 5 |
5 | CA LODSCD 3.00 08/01/2046 | 3.000% | 08/01/46 | -4.47% | 82.38 | 86.24 | 10 |
6 | VA VASHSG 3.90 10/01/2048 | 3.900% | 10/01/48 | -4.11% | 91.58 | 95.50 | 3 |
7 | KY KY TAYFAC 5 12/01/2025 4.00 12/01/2054 | 4.000% | 12/01/54 | -3.99% | 93.33 | 97.21 | 3 |
8 | VA LEXDEV 4.00 01/01/2042 | 4.000% | 01/01/42 | -3.81% | 94.36 | 98.10 | 5 |
9 | WA PTT 3.13 12/01/2043 | 3.125% | 12/01/43 | -3.78% | 81.05 | 84.23 | 2 |
10 | VA VASHSG 3.55 05/01/2041 | 3.550% | 05/01/41 | -3.67% | 90.55 | 94.00 | 3 |
Top 10 State Performers
Showcases the top 10 Muni State performers based on yield movements between 10/25/24-11/1/24
RANK | STATE | CHANGE | YLD | YLD-1W |
1 | MS | -23 bps | 3.71% | 3.94% |
2 | NM | -17 bps | 3.36% | 3.53% |
3 | GA | -7 bps | 3.65% | 3.72% |
4 | CA | -6 bps | 3.61% | 3.67% |
5 | NE | -5 bps | 3.65% | 3.70% |
6 | OH | -4 bps | 3.84% | 3.88% |
7 | WV | -4 bps | 3.86% | 3.90% |
8 | KS | -3 bps | 3.75% | 3.79% |
9 | WI | -3 bps | 3.74% | 3.77% |
10 | OR | -3 bps | 3.87% | 3.90% |
Bottom 10 State Performers
Showcases the bottom 10 Muni State performers based on yield movements between 10/25/24-11/1/24
RANK | STATE | CHANGE | YLD | YLD-1W |
1 | DE | 23 bps | 3.39% | 3.16% |
2 | IA | 14 bps | 3.93% | 3.79% |
3 | UT | 10 bps | 3.63% | 3.53% |
4 | HI | 9 bps | 3.96% | 3.87% |
5 | AZ | 8 bps | 3.73% | 3.65% |
6 | CO | 7 bps | 3.94% | 3.87% |
7 | PA | 6 bps | 3.88% | 3.81% |
8 | ND | 6 bps | 3.68% | 3.63% |
9 | NJ | 6 bps | 3.87% | 3.81% |
10 | NC | 5 bps | 3.50% | 3.45% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 10/25/24-11/1/24 (General Obligation and Revenue Bonds)
Results are based on 5 select states, however, we offer data across all 50 states and U.S. territories
![muni ALL 11.1](https://solvefixedincome.com/wp-content/uploads/2024/11/muni-ALL-11.1.png)
10 Year Yield by State – GO Only
Displays the average Muni 10 year yield by state between 10/25/24-11/1/24 (General Obligation Bonds only)
Results are based on 5 select states, however, we offer data across all 50 states and U.S. territories
![muni GO 11.1](https://solvefixedincome.com/wp-content/uploads/2024/11/muni-GO-11.1.png)
10 Year Yield by State – Rev Only
Displays the average Muni 10 year yield by state between 10/25/24-11/1/24 (Revenue Bonds only)
Results are based on 5 select states, however, we offer data across all 50 states and U.S. territories
![muni REV 11.1](https://solvefixedincome.com/wp-content/uploads/2024/11/muni-REV-11.1.png)
Sentiment
Reveals the percent of Muni bonds increasing in price (advancers) vs. decreasing in price (decliners) between 10/25/24-11/1/24
![muni sentiment 11.1](https://solvefixedincome.com/wp-content/uploads/2024/11/muni-sentiment-11.1.png)
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 10/25/24 vs. the week ending 11/1/24
RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
1 | COLLIN CO CMNTY CLG D | 4.000% | 08/15/43 | 15 | 96 | 81 | 540% |
2 | STONEHAM TWN | 4.000% | 08/15/49 | 4 | 84 | 80 | 2000% |
3 | NYC TRANSITIONAL | 5.000% | 05/01/42 | 5 | 78 | 73 | 1460% |
4 | NEW YORK ST TRANSPRTN | 4.250% | 06/30/42 | 70 | 141 | 71 | 101% |
5 | MET WASHINGTON DC ARP | 4.000% | 10/01/52 | 32 | 99 | 67 | 209% |
6 | CA ST PUB WKS BRD -D | 4.500% | 11/01/43 | 14 | 80 | 66 | 471% |
7 | NY ST THRUWAY-A-1 | 4.000% | 03/15/47 | 25 | 86 | 61 | 244% |
8 | HAWAII -TXBL-REF-GJ | 1.892% | 08/01/29 | 1 | 62 | 61 | 6100% |
9 | CENTRL PUGET-S-1-REF | 4.000% | 11/01/46 | 42 | 103 | 61 | 145% |
10 | CALIFORNIA | 5.000% | 10/01/31 | 36 | 95 | 59 | 164% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 10/25/24 – 11/1/24
RANK | TRANCHE | COUPON | MATURITY | DEALERS |
1 | NYC MUNI WTR FIN-AA1 | 4.000% | 06/15/54 | 50 |
2 | CA ST PUB WKS-C-REF | 5.000% | 09/01/37 | 49 |
3 | NYC MUNI WTR FIN-AA1 | 5.250% | 06/15/53 | 48 |
4 | NYC TRANSITIONAL-C-1 | 5.000% | 05/01/43 | 41 |
5 | SALT RIVER PROJ-B | 5.000% | 05/01/39 | 40 |
6 | MET TRANSPRTN-B-1 | 4.000% | 11/15/54 | 40 |
7 | NYC MUNI WTR FIN-AA2 | 5.000% | 06/15/49 | 39 |
8 | CA ST PUB WKS-C-REF | 5.000% | 09/01/34 | 38 |
9 | BETHEL PK SD | 5.000% | 08/01/48 | 38 |
10 | CANYONS MET DT#5-A | 4.125% | 12/01/54 | 38 |
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