Municipals
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Municipal Bond Market Summary:
Week Ending 12/6/24
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 11/29/24-12/6/24
RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
1 | CHAFFEY JT UN-H-CABS | 0.000% | 08/01/48 | 5.57% | 36.65 | 34.71 | 3 |
2 | PENNSYLVANIA ST ECON | 3.143% | 06/15/42 | 4.96% | 81.40 | 77.55 | 3 |
3 | NY CONVENTN CTR-B | 0.000% | 11/15/56 | 4.42% | 22.39 | 21.44 | 4 |
4 | IA ST BRD OF RGTS-B S | 3.000% | 09/01/52 | 4.35% | 83.76 | 80.28 | 2 |
5 | FALLS CHURCH | 3.000% | 07/15/42 | 4.24% | 92.59 | 88.82 | 3 |
6 | MICHIGAN ST UNIV-TXBL | 4.165% | 08/15/22 | 4.24% | 79.97 | 76.72 | 6 |
7 | CA MUNI FIN AUTH-A | 3.000% | 02/01/46 | 4.21% | 80.01 | 76.79 | 2 |
8 | CA HLTH FACS-A2 | 5.000% | 11/01/47 | 4.17% | 125.31 | 120.30 | 11 |
9 | MET PIER & EXPO-A | 0.000% | 12/15/52 | 4.14% | 29.42 | 28.25 | 11 |
10 | CHARLESTON CO -A | 2.000% | 11/01/39 | 3.83% | 80.16 | 77.20 | 5 |
Bottom 10 Performers
Showcases the bottom 10 Muni Bond performers based on price movements between 11/29/24-12/6/24
RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
1 | MA MAS 5.00 01/01/2035 | 5.000% | 01/01/35 | -2.27% | 108.48 | 111.00 | 3 |
2 | NY NYCGEN 4.00 05/01/2053 | 4.000% | 05/01/53 | -2.27% | 99.43 | 101.74 | 2 |
3 | CA CASMED 5.00 08/15/2035 | 5.000% | 08/15/35 | -1.92% | 103.18 | 105.21 | 5 |
4 | MA MASEDU 5.00 08/15/2034 | 5.000% | 08/15/34 | -1.84% | 111.60 | 113.69 | 2 |
5 | NJ RUTHGR 3.25 05/01/2039 | 3.250% | 05/01/39 | -1.56% | 91.21 | 92.66 | 2 |
6 | MO MOSMED 3.75 10/01/2039 | 3.750% | 10/01/39 | -1.49% | 98.72 | 100.22 | 2 |
7 | IN WTCUTL 2.00 07/01/2035 | 2.000% | 07/01/35 | -1.47% | 82.32 | 83.55 | 2 |
8 | AL CHEEDU 3.00 12/01/2031 | 3.000% | 12/01/31 | -1.42% | 95.53 | 96.91 | 2 |
9 | MN APPGEN 4.38 01/01/2047 | 4.375% | 01/01/47 | -1.34% | 81.92 | 83.04 | 4 |
10 | CA UNVHGR 4.00 05/15/2053 | 4.000% | 05/15/53 | -1.30% | 100.19 | 101.51 | 3 |
Top 10 State Performers
Showcases the top 10 Muni State performers based on yield movements between 11/29/24-12/6/24
RANK | STATE | CHANGE | YLD | YLD-1W |
1 | AL | -15 bps | 3.68% | 3.83% |
2 | HI | -13 bps | 3.71% | 3.84% |
3 | IN | -12 bps | 3.60% | 3.71% |
4 | KY | -11 bps | 3.39% | 3.50% |
5 | CT | -10 bps | 3.53% | 3.63% |
6 | FL | -10 bps | 3.66% | 3.76% |
7 | NV | -10 bps | 3.39% | 3.49% |
8 | NJ | -10 bps | 3.68% | 3.77% |
9 | AR | -9 bps | 3.98% | 4.07% |
10 | TX | -9 bps | 3.62% | 3.71% |
Bottom 10 State Performers
Showcases the bottom 10 Muni State performers based on yield movements between 11/29/24-12/6/24
RANK | STATE | CHANGE | YLD | YLD-1W |
1 | DC | 25 bps | 3.69% | 3.44% |
2 | ME | 19 bps | 3.87% | 3.68% |
3 | KS | 8 bps | 3.58% | 3.51% |
4 | SC | 5 bps | 3.55% | 3.50% |
5 | NM | 3 bps | 3.34% | 3.30% |
6 | GA | 2 bps | 3.57% | 3.54% |
7 | WA | 2 bps | 3.75% | 3.73% |
8 | OH | 2 bps | 3.69% | 3.67% |
9 | UT | 1 bps | 3.40% | 3.39% |
10 | VA | 0 bps | 3.48% | 3.48% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 11/29/24-12/6/24 (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 11/29/24-12/6/24 (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 11/29/24-12/6/24 (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 11/29/24-12/6/24
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 11/29/24 vs. the week ending 12/6/24
RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
1 | NJ ECON DEV AUTH-QQQ | 4.000% | 06/15/50 | 10 | 106 | 96 | 960% |
2 | CALIFORNIA ST | 4.000% | 10/01/33 | 42 | 121 | 79 | 188% |
3 | NY ST URBAN DEV CORP | 3.000% | 03/15/50 | 10 | 87 | 77 | 770% |
4 | NYC TRANSITIONAL-C-1 | 5.000% | 05/01/50 | 119 | 190 | 71 | 60% |
5 | PORT AUTH OF NEW YORK | 4.000% | 07/15/51 | 3 | 69 | 66 | 2200% |
6 | FAIRFAX CO | 4.000% | 10/01/42 | 20 | 82 | 62 | 310% |
7 | NEW JERSEY ST TURNPIK | 5.000% | 01/01/28 | 30 | 90 | 60 | 200% |
8 | CALIFORNIA ST | 5.000% | 09/01/33 | 120 | 177 | 57 | 48% |
9 | NEW YORK -C-3 -REF | 2.490% | 08/01/34 | 3 | 60 | 57 | 1900% |
10 | MIAMI-DADE WTR SWR | 4.000% | 10/01/51 | 24 | 79 | 55 | 229% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 11/29/24 – 12/6/24
RANK | TRANCHE | COUPON | MATURITY | DEALERS |
1 | MA CMWLTH-E | 5.000% | 08/01/54 | 44 |
2 | E MONTGOMERY IMPT DT | 4.250% | 08/15/54 | 41 |
3 | MONTGOMERY ISD-B | 4.000% | 02/15/54 | 40 |
4 | NYC TRANSITIONAL-C-1 | 5.000% | 05/01/50 | 38 |
5 | NYC MUNI WTR FIN-AA1 | 5.250% | 06/15/53 | 38 |
6 | NY TRANSITIONAL FIN-D | 4.250% | 05/01/54 | 38 |
7 | DIST OF COLUMBIA-A | 5.000% | 08/01/49 | 36 |
8 | NYC MUNI WTR FIN-AA1 | 4.000% | 06/15/54 | 36 |
9 | CALIFORNIA ST | 5.000% | 09/01/33 | 36 |
10 | LOS ANGELES-SER QRR | 4.000% | 07/01/49 | 35 |
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