Municipal Bond Market Summary – Week Ending 9/27/24
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Municipal Bond Market Summary: Week Ending 8/27/24
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 9/20/24-9/27/24
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|---|---|
| 1 | SANTA CLARA CO FIN-Q | 3.000% | 05/15/35 | 3.06% | 97.98 | 95.07 | 7 |
| 2 | CHINO CFD #2003-3 | 5.000% | 09/01/54 | 2.95% | 106.69 | 103.63 | 9 |
| 3 | NJ ST TRANSN TR FD A | 0.000% | 12/15/26 | 2.92% | 96.83 | 94.09 | 5 |
| 4 | CHICAGO-D-TXBL-AGM | 6.257% | 01/01/40 | 2.78% | 115.13 | 112.01 | 5 |
| 5 | RED OAK INDL DEV CORP | 5.600% | 08/15/55 | 2.58% | 102.58 | 100.00 | 11 |
| 6 | AUSTIN AFFRDBLE PFC-A | 4.350% | 05/01/43 | 2.55% | 104.12 | 101.53 | 13 |
| 7 | INSPIRATION PUB IMPT | 4.250% | 10/01/54 | 2.47% | 100.93 | 98.50 | 5 |
| 8 | NY DORM AUTH-D-UNREFD | 3.000% | 02/15/38 | 2.42% | 94.46 | 92.23 | 3 |
| 9 | ME HSG AUTH-F | 3.500% | 11/15/37 | 2.41% | 98.53 | 96.21 | 2 |
| 10 | CALIFORNIA STATE | 4.000% | 08/01/54 | 2.26% | 102.52 | 100.26 | 19 |
Bottom 10 Performers
Showcases the bottom 10 Muni Bond performers based on price movements between 9/20/24-9/27/24
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|---|---|
| 1 | TX ARLEDU 5.75 09/01/2051 | 5.750% | 09/01/51 | -4.22% | 68.55 | 71.57 | 2 |
| 2 | CA UNVHGR 3.26 05/15/2060 | 3.256% | 05/15/60 | -3.81% | 72.92 | 75.81 | 9 |
| 3 | OH OHSTRN 3.22 02/15/2048 | 3.216% | 02/15/48 | -2.95% | 78.98 | 81.37 | 4 |
| 4 | MA CON 4.00 09/15/2043 | 4.000% | 09/15/43 | -2.93% | 103.89 | 107.03 | 4 |
| 5 | CT WLT 2.00 04/01/2033 | 2.000% | 04/01/33 | -2.74% | 89.17 | 91.68 | 2 |
| 6 | CA UNVHGR 4.86 05/15/2112 | 4.858% | 05/15/12 | -2.45% | 94.05 | 96.42 | 7 |
| 7 | TN METFAC 5.60 07/01/2056 | 5.597% | 07/01/56 | -2.26% | 110.32 | 112.87 | 6 |
| 8 | NY NY MTATRN 5 11/15/2026 5.18 11/15/2049 | 5.175% | 11/15/49 | -2.19% | 99.11 | 101.33 | 5 |
| 9 | MN BLA 1.50 02/01/2031 | 1.500% | 02/01/31 | -2.17% | 88.89 | 90.86 | 2 |
| 10 | NJ FLO 2.25 11/01/2030 | 2.250% | 11/01/30 | -1.98% | 94.54 | 96.45 | 2 |
Top 10 State Performers
Showcases the top 10 Muni State performers based on yield movements between 9/20/24-9/27/24
| RANK | STATE | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | NM | -24 bps | 3.24% | 3.49% |
| 2 | HI | -16 bps | 3.57% | 3.73% |
| 3 | KY | -15 bps | 3.29% | 3.43% |
| 4 | NY | -12 bps | 3.41% | 3.53% |
| 5 | MO | -10 bps | 3.48% | 3.58% |
| 6 | AL | -8 bps | 3.41% | 3.49% |
| 7 | RI | -6 bps | 3.16% | 3.22% |
| 8 | TN | -6 bps | 3.24% | 3.30% |
| 9 | NC | -5 bps | 3.29% | 3.34% |
| 10 | NE | -4 bps | 3.39% | 3.43% |
Bottom 10 State Performers
Showcases the bottom 10 Muni State performers based on yield movements between 9/20/24-9/27/24
| RANK | STATE | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | SC | 18 bps | 3.38% | 3.20% |
| 2 | VA | 17 bps | 3.37% | 3.20% |
| 3 | AK | 16 bps | 3.70% | 3.54% |
| 4 | LA | 14 bps | 3.56% | 3.43% |
| 5 | CO | 11 bps | 3.65% | 3.53% |
| 6 | MD | 10 bps | 3.40% | 3.30% |
| 7 | PA | 9 bps | 3.69% | 3.60% |
| 8 | DE | 9 bps | 2.95% | 2.87% |
| 9 | WV | 7 bps | 3.70% | 3.63% |
| 10 | KS | 6 bps | 3.57% | 3.52% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 9/20/24-9/27/24 (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 9/20/24-9/27/24 (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 9/20/24-9/27/24 (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 9/20/24-9/27/24
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 9/20/24 vs. the week ending 9/27/24
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | BROWARD CNTY FL ARPT | 4.000% | 10/01/49 | 23 | 107 | 84 | 365% |
| 2 | CO HLTH FACS-B | 5.000% | 05/15/34 | 28 | 103 | 75 | 268% |
| 3 | CALHOUN CO -CTFS OBLI | 5.000% | 02/15/40 | 4 | 74 | 70 | 1750% |
| 4 | CALHOUN CO -CTFS OBLI | 5.000% | 02/15/39 | 2 | 69 | 67 | 3350% |
| 5 | CALHOUN CO -CTFS OBLI | 5.000% | 02/15/38 | 4 | 69 | 65 | 1625% |
| 6 | TRIBOROUGH BRIDGE-B-1 | 5.000% | 05/15/45 | 23 | 84 | 61 | 265% |
| 7 | HEARNE ISD-A | 5.000% | 02/15/42 | 28 | 84 | 56 | 200% |
| 8 | MISSISSIPPI ST | 5.000% | 10/01/30 | 13 | 69 | 56 | 431% |
| 9 | BRIGHTON | 5.000% | 06/01/52 | 11 | 64 | 53 | 482% |
| 10 | CLEBURNE-CFTS OBLIG | 4.000% | 02/15/47 | 43 | 95 | 52 | 121% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 9/20/24 – 9/27/24
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | SAN DIEGO UNIF SD-B3 | 4.000% | 07/01/54 | 46 |
| 2 | NYC TRANSITIONAL-A-1 | 5.000% | 11/01/35 | 42 |
| 3 | CA UNIV REGENTS-BW | 5.000% | 05/15/35 | 42 |
| 4 | NEW YORK C-1 | 4.000% | 09/01/52 | 41 |
| 5 | PEARLAND-CTFS OBLIG-C | 4.000% | 09/01/49 | 40 |
| 6 | MINNEAPOLIS ST PAUL-A | 4.000% | 01/01/54 | 39 |
| 7 | NEW BRAUNFELS ISD | 4.000% | 02/01/52 | 36 |
| 8 | MASSACHUSETTS ST-A | 5.000% | 01/01/37 | 35 |
| 9 | HILLSBOROUGH CNTY-C | 4.125% | 11/15/51 | 35 |
| 10 | CALIFORNIA STATE | 5.000% | 08/01/32 | 35 |
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