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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