Municipals
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Municipal Bond Market Summary:
Week Ending 11/29/24
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 11/22/24-11/29/24
RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
1 | RUTGERS STATE UNIV-M | 3.250% | 05/01/39 | 4.98% | 92.66 | 88.26 | 2 |
2 | SAN FRANCISCO CMNTY | 4.000% | 09/01/48 | 4.84% | 81.47 | 77.71 | 2 |
3 | MA CMWLTH-B | 2.000% | 04/01/50 | 4.82% | 64.58 | 61.61 | 9 |
4 | NY CONVENTN CTR-B | 0.000% | 11/15/56 | 4.74% | 21.44 | 20.47 | 4 |
5 | UNIV OF CALIFORNIA CA | 3.706% | 05/15/20 | 4.66% | 69.63 | 66.53 | 8 |
6 | CA ST MUNI FIN AUTH-A | 3.494% | 08/15/41 | 4.58% | 79.76 | 76.27 | 4 |
7 | SAN ANTONIO TX EDU FA | 3.242% | 06/01/50 | 4.53% | 70.52 | 67.46 | 4 |
8 | CA ST UNIV-E | 3.267% | 11/01/60 | 4.22% | 71.18 | 68.30 | 5 |
9 | NJ ST TPK AUTH TPK S | 7.102% | 01/01/41 | 4.12% | 119.54 | 114.81 | 7 |
10 | NEW YORK-TXBL-D-1 | 5.094% | 10/01/49 | 4.07% | 102.06 | 98.07 | 10 |
Bottom 10 Performers
Showcases the bottom 10 Muni Bond performers based on price movements between 11/22/24-11/29/24
RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
1 | NJ BURGEN 4.25 12/11/2025 | 4.250% | 12/11/25 | -2.39% | 98.80 | 101.21 | 2 |
2 | WI WISMED 3.00 10/15/2037 | 3.000% | 10/15/37 | -2.03% | 87.67 | 89.48 | 2 |
3 | TX HARTRN 4.00 08/15/2054 | 4.000% | 08/15/54 | -1.74% | 97.85 | 99.59 | 23 |
4 | MA MASDEV 4.00 06/01/2056 | 4.000% | 06/01/56 | -1.31% | 82.42 | 83.51 | 8 |
5 | CA LOSAPT 4.00 05/15/2044 | 4.000% | 05/15/44 | -1.19% | 98.60 | 99.79 | 3 |
6 | FL FLACTF 3.00 11/01/2035 | 3.000% | 11/01/35 | -1.16% | 92.14 | 93.22 | 4 |
7 | TX TXSTRN 4.00 12/31/2039 | 4.000% | 12/31/39 | -1.11% | 99.84 | 100.96 | 3 |
8 | CA CASMED 4.00 08/15/2049 | 4.000% | 08/15/49 | -1.05% | 90.99 | 91.95 | 3 |
9 | IL ILSGEN 4.00 12/15/2029 | 4.000% | 12/15/29 | -0.99% | 102.87 | 103.90 | 2 |
10 | GA LAGMED 4.00 04/01/2042 | 4.000% | 04/01/42 | -0.98% | 98.99 | 99.97 | 2 |
Top 10 State Performers
Showcases the top 10 Muni State performers based on yield movements between 11/22/24-11/29/24
RANK | STATE | CHANGE | YLD | YLD-1W |
1 | DC | -26 bps | 3.44% | 3.70% |
2 | KY | -26 bps | 3.50% | 3.76% |
3 | TN | -23 bps | 3.52% | 3.74% |
4 | CT | -22 bps | 3.62% | 3.84% |
5 | UT | -20 bps | 3.40% | 3.60% |
6 | OR | -20 bps | 3.72% | 3.92% |
7 | WV | -19 bps | 3.79% | 3.99% |
8 | IA | -19 bps | 3.59% | 3.78% |
9 | HI | -19 bps | 3.84% | 4.03% |
10 | SC | -18 bps | 3.53% | 3.71% |
Bottom 10 State Performers
Showcases the bottom 10 Muni State performers based on yield movements between 11/22/24-11/29/24
RANK | STATE | CHANGE | YLD | YLD-1W |
1 | AL | 4 bps | 3.82% | 3.78% |
2 | GA | 1 bps | 3.54% | 3.53% |
3 | LA | 1 bps | 3.79% | 3.79% |
4 | FL | -2 bps | 3.77% | 3.79% |
5 | MD | -4 bps | 3.47% | 3.52% |
6 | OH | -5 bps | 3.67% | 3.72% |
7 | WA | -6 bps | 3.73% | 3.79% |
8 | NJ | -6 bps | 3.77% | 3.83% |
9 | OK | -6 bps | 3.37% | 3.43% |
10 | CA | -6 bps | 3.47% | 3.54% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 11/22/24-11/29/24 (General Obligation and Revenue Bonds)
Results are based on 5 select states, however, we offer data across all 50 states and U.S. territories
![image (87)](https://solvefixedincome.com/wp-content/uploads/2024/12/image-87.png)
10 Year Yield by State – GO Only
Displays the average Muni 10 year yield by state between 11/22/24-11/29/24 (General Obligation Bonds only)
Results are based on 5 select states, however, we offer data across all 50 states and U.S. territories
![image (88)](https://solvefixedincome.com/wp-content/uploads/2024/12/image-88.png)
10 Year Yield by State – Rev Only
Displays the average Muni 10 year yield by state between 11/22/24-11/29/24 (Revenue Bonds only)
Results are based on 5 select states, however, we offer data across all 50 states and U.S. territories
![image (89)](https://solvefixedincome.com/wp-content/uploads/2024/12/image-89.png)
Sentiment
Reveals the percent of Muni bonds increasing in price (advancers) vs. decreasing in price (decliners) between 11/22/24-11/29/24
![image (90)](https://solvefixedincome.com/wp-content/uploads/2024/12/image-90.png)
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 11/22/24 vs. the week ending 11/29/24
RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
1 | LAS VEGAS VLY WTR DT- | 4.000% | 06/01/46 | 5 | 88 | 83 | 1660% |
2 | NYC MUNI WTR FIN-CC-1 | 4.000% | 06/15/52 | 32 | 114 | 82 | 256% |
3 | CALIFORNIA ST | 4.000% | 03/01/36 | 59 | 139 | 80 | 136% |
4 | CALIFORNIA ST | 5.000% | 09/01/33 | 40 | 120 | 80 | 200% |
5 | NYC MUNI WTR FIN-CC-1 | 4.000% | 06/15/51 | 15 | 89 | 74 | 493% |
6 | NEVADA JT UN SD-B | 5.000% | 08/01/42 | 7 | 79 | 72 | 1029% |
7 | ALAMEDA CORRIDOR-C | 0.000% | 10/01/53 | 15 | 84 | 69 | 460% |
8 | TRIBOROUGH NY BRIDGE | 4.000% | 11/15/56 | 6 | 74 | 68 | 1133% |
9 | MISSOURI ST HLTH & ED | 3.229% | 05/15/50 | 36 | 101 | 65 | 181% |
10 | DASNY -REF | 4.000% | 07/01/52 | 15 | 79 | 64 | 427% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 11/22/24 – 11/29/24
RANK | TRANCHE | COUPON | MATURITY | DEALERS |
1 | NY TRANSITIONAL FIN-D | 4.250% | 05/01/54 | 44 |
2 | MA CMWLTH-E | 5.000% | 08/01/54 | 44 |
3 | DIST OF COLUMBIA-A | 5.000% | 08/01/49 | 42 |
4 | E MONTGOMERY IMPT DT | 4.250% | 08/15/54 | 41 |
5 | MET TRANSPRTN-B-1 | 4.000% | 11/15/54 | 38 |
6 | NYC TRANSITIONAL-C-1 | 5.000% | 05/01/50 | 38 |
7 | CA INFRASTRUCTURE-B | 5.000% | 11/01/49 | 38 |
8 | MIAMI-DADE CO-A-REMK | 5.000% | 07/01/51 | 37 |
9 | NYC MUNI WTR FIN-AA1 | 5.250% | 06/15/53 | 37 |
10 | NYC MUNI WTR FIN-AA1 | 4.000% | 06/15/54 | 37 |
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