Municipal Bond Market Summary – Week Ending 10/4/24
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Municipal Bond Market Summary: Week Ending 10/4/24
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 9/27/24-10/4/24
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|---|---|
| 1 | TEXAS CITY ISD | 4.000% | 08/15/54 | 3.03% | 98.95 | 96.04 | 5 |
| 2 | GAINESVILLE & HALL-A | 3.000% | 02/15/51 | 2.92% | 81.26 | 78.95 | 4 |
| 3 | CALIFORNIA CMNTY CHOI | 3.450% | 02/01/52 | 2.58% | 94.79 | 92.40 | 5 |
| 4 | DALLAS TX INDEP SCH D | 1.750% | 02/15/35 | 2.50% | 84.23 | 82.18 | 8 |
| 5 | GLENDALE AZ INDL DEV | 4.000% | 11/15/27 | 2.32% | 97.25 | 95.04 | 4 |
| 6 | FLORIDA HSG FIN CORP | 3.250% | 07/01/46 | 2.25% | 87.83 | 85.89 | 12 |
| 7 | MIDLAND HOSP DT-A-REV | 5.000% | 05/15/41 | 2.21% | 113.34 | 110.89 | 3 |
| 8 | EAGLE PASS-REV | 5.000% | 12/01/33 | 2.03% | 116.43 | 114.11 | 10 |
| 9 | PASADENA-CTFS OBLIG | 3.125% | 02/15/37 | 2.00% | 95.23 | 93.37 | 4 |
| 10 | MONTGOMERY HGR EDU-B | 4.000% | 05/01/52 | 1.73% | 95.78 | 94.15 | 5 |
Bottom 10 Performers
Showcases the bottom 10 Muni Bond performers based on price movements between 9/27/24-10/4/24
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PRC | PRC-1W | DEALERS |
|---|---|---|---|---|---|---|---|
| 1 | NY SWLDEV 4.43 07/01/2056 | 4.429% | 07/01/56 | -4.79% | 84.40 | 88.64 | 7 |
| 2 | TX DNNSCD 2.56 08/15/2045 | 2.556% | 08/15/45 | -4.70% | 71.36 | 74.87 | 7 |
| 3 | NJ RUTHGR 3.27 05/01/2043 | 3.270% | 05/01/43 | -3.68% | 82.63 | 85.78 | 5 |
| 4 | IL STSGEN 3.24 01/01/2042 | 3.238% | 01/01/42 | -3.56% | 80.77 | 83.75 | 4 |
| 5 | CO COSSFH 6.00 05/01/2049 | 6.000% | 05/01/49 | -3.42% | 105.80 | 109.55 | 18 |
| 6 | FL MIATRN 3.27 10/01/2041 | 3.270% | 10/01/41 | -3.37% | 82.60 | 85.48 | 7 |
| 7 | GA COBFAC 4.50 01/01/2047 | 4.500% | 01/01/47 | -3.20% | 93.31 | 96.39 | 3 |
| 8 | NY PORTRN 5.00 07/15/2044 | 5.000% | 07/15/44 | -3.08% | 111.65 | 115.21 | 2 |
| 9 | VA VASHSG 4.67 11/01/2044 | 4.666% | 11/01/44 | -3.02% | 96.26 | 99.26 | 4 |
| 10 | TX TAMHGR 3.66 07/01/2047 | 3.660% | 07/01/47 | -2.54% | 83.91 | 86.09 | 8 |
Top 10 State Performers
Showcases the top 10 Muni State performers based on yield movements between 9/27/24-10/4/24
| RANK | STATE | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | NY | -17 bps | 3.28% | 3.46% |
| 2 | VA | -14 bps | 3.24% | 3.37% |
| 3 | WV | -13 bps | 3.58% | 3.71% |
| 4 | NV | -10 bps | 3.24% | 3.34% |
| 5 | IL | -9 bps | 3.70% | 3.79% |
| 6 | MD | -8 bps | 3.31% | 3.40% |
| 7 | PA | -7 bps | 3.62% | 3.68% |
| 8 | WI | -6 bps | 3.38% | 3.44% |
| 9 | CA | -6 bps | 3.32% | 3.37% |
| 10 | MA | -5 bps | 3.23% | 3.28% |
Bottom 10 State Performers
Showcases the bottom 10 Muni State performers based on yield movements between 9/27/24-10/4/24
| RANK | STATE | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | HI | 24 bps | 3.85% | 3.60% |
| 2 | NE | 17 bps | 3.57% | 3.40% |
| 3 | AL | 15 bps | 3.56% | 3.41% |
| 4 | AK | 14 bps | 3.85% | 3.70% |
| 5 | ME | 9 bps | 3.43% | 3.33% |
| 6 | OH | 7 bps | 3.48% | 3.41% |
| 7 | DE | 7 bps | 3.02% | 2.96% |
| 8 | RI | 7 bps | 3.23% | 3.16% |
| 9 | MS | 5 bps | 3.89% | 3.83% |
| 10 | CO | 5 bps | 3.70% | 3.65% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 9/27/24-10/4/24 (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 9/27/24-10/4/24 (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 9/27/24-10/4/24 (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 9/27/24-10/4/24
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 9/27/24 vs. the week ending 10/4/24
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | PR SALES TAX FING-A2 | 4.550% | 07/01/40 | 18 | 96 | 78 | 433% |
| 2 | CA EDU FACS AUTH-U6 | 5.000% | 05/01/45 | 8 | 80 | 72 | 900% |
| 3 | GRAND FORKS-REV-REF | 3.000% | 12/01/51 | 49 | 119 | 70 | 143% |
| 4 | PA ST HSG FIN AGY | 2.500% | 10/01/45 | 7 | 75 | 68 | 971% |
| 5 | ANNE ARUNDEL CO | 4.000% | 10/01/52 | 34 | 102 | 68 | 200% |
| 6 | CALIFORNIA ST-REF-GRP | 5.000% | 11/01/31 | 18 | 83 | 65 | 361% |
| 7 | PR SALES TAX FING-A2 | 5.000% | 07/01/58 | 10 | 74 | 64 | 640% |
| 8 | MA CMWLTH-B | 3.000% | 04/01/47 | 43 | 105 | 62 | 144% |
| 9 | SAN FRANCISCO UNIF SD | 4.000% | 06/15/35 | 5 | 66 | 61 | 1220% |
| 10 | SAN DIEGO CNTY CA REG | 4.000% | 07/01/51 | 22 | 82 | 60 | 273% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 9/27/24 – 10/4/24
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | CA ST PUB WKS-C-REF | 5.000% | 09/01/37 | 46 |
| 2 | SAN DIEGO UNIF SD-B3 | 4.000% | 07/01/54 | 46 |
| 3 | CA UNIV REGENTS-BW | 5.000% | 05/15/35 | 38 |
| 4 | CALIFORNIA STATE | 5.000% | 08/01/32 | 38 |
| 5 | PEARLAND-CTFS OBLIG-C | 4.000% | 09/01/49 | 37 |
| 6 | MINNEAPOLIS ST PAUL-A | 4.000% | 01/01/54 | 37 |
| 7 | CA ST PUB WKS-C-REF | 5.000% | 09/01/34 | 36 |
| 8 | NEW YORK C-1 | 4.000% | 09/01/52 | 36 |
| 9 | MASSACHUSETTS ST-A | 5.000% | 01/01/37 | 35 |
| 10 | CA ST PUB WKS-C-REF | 5.000% | 09/01/36 | 35 |
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