Municipals
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Municipal Bond Market Summary:
Week Ending 5/29/20
Our newsletter presents key trends derived from observable Municipal Bond pricing data over a weekly period.
Top 10 Winners
Showcases the top 10 Muni Bond “Winners” based on price movements between 5/22/20 – 5/29/20
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | MET PIER CAB-A-MCCORM | 0.00% | 06/15/35 | 11.62% | 51.93 | 46.52 |
| 2 | WICHITA WTR SWR-B-REF | 4.00% | 10/01/27 | 7.19% | 118.68 | 110.72 |
| 3 | MISSISSIPPI DEV BK-A | 5.00% | 04/01/25 | 7.15% | 119.42 | 111.45 |
| 4 | BURLINGTON VT | 5.00% | 11/01/30 | 6.95% | 129.87 | 121.43 |
| 5 | POUGHKEEPSIE TOWN | 3.00% | 03/01/25 | 6.91% | 110.65 | 103.50 |
| 6 | NY ST DORM AUTH-A | 5.00% | 10/01/28 | 6.75% | 133.75 | 125.30 |
| 7 | SAINT JOSEPH CNTY IN | 5.00% | 04/01/31 | 6.73% | 120.49 | 112.89 |
| 8 | PHOENIXVILLE ASD-A | 2.33% | 11/15/30 | 6.66% | 107.72 | 101.00 |
| 9 | COAST CMNTY CLG-D | 4.00% | 08/01/33 | 6.51% | 118.39 | 111.15 |
| 10 | BAY AREA CA TOLL AUTH | 3.25% | 04/01/36 | 6.46% | 107.05 | 100.55 |
Top 10 Losers
Showcases the top 10 Muni Bond “Losers” based on price movements between 5/22/20 – 5/29/20
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | AMHERST DEV CORP-REF | 5.00% | 10/01/43 | -6.38% | 106.66 | 113.92 |
| 2 | PUBLIC FIN AUTH-A1 | 6.25% | 01/01/38 | -5.11% | 93.47 | 98.50 |
| 3 | TX ST-BABS-A | 4.68% | 04/01/40 | -4.83% | 127.39 | 133.86 |
| 4 | LOUISVILLE & JEFFERSO | 3.13% | 06/01/46 | -4.69% | 95.19 | 99.87 |
| 5 | OK MUN PWR SER B | 5.75% | 01/01/24 | -4.51% | 111.50 | 116.77 |
| 6 | MINNEAPOLIS HLTH-A | 5.00% | 11/15/36 | -4.45% | 113.43 | 118.72 |
| 7 | AUSTIN CONV-B-REF | 5.00% | 01/01/29 | -4.45% | 96.87 | 101.38 |
| 8 | OR BUS DEV-248-D-AMT | 6.50% | 04/01/31 | -4.06% | 68.98 | 71.90 |
| 9 | PR ELEC | 4.25% | 07/01/20 | -3.95% | 73.13 | 76.14 |
| 10 | KS DEPT TRANS HWY-A | 5.00% | 09/01/25 | -3.90% | 111.33 | 115.85 |
Top 10 State Winners
Showcases the top 10 Muni State “Winners” based on yield movements between 5/22/20 – 5/29/20
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | VA | -37 bps | 1.24% | 1.60% |
| 2 | KS | -35 bps | 1.49% | 1.84% |
| 3 | TN | -27 bps | 1.52% | 1.79% |
| 4 | WV | -17 bps | 1.44% | 1.61% |
| 5 | UT | -16 bps | 1.38% | 1.54% |
| 6 | CT | -15 bps | 2.17% | 2.32% |
| 7 | PA | -14 bps | 1.96% | 2.09% |
| 8 | WI | -13 bps | 1.52% | 1.64% |
| 9 | AL | -12 bps | 1.48% | 1.60% |
| 10 | SC | -11 bps | 1.74% | 1.85% |
Top 10 State Losers
Showcases the top 10 Muni State “Losers” based on yield movements between 5/22/20 – 5/29/20
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | CO | 26 bps | 1.79% | 1.53% |
| 2 | MS | 24 bps | 1.94% | 1.70% |
| 3 | ME | 11 bps | 1.28% | 1.17% |
| 4 | DC | 11 bps | 1.37% | 1.26% |
| 5 | IA | 10 bps | 1.56% | 1.46% |
| 6 | OH | 10 bps | 2.32% | 2.22% |
| 7 | HI | 9 bps | 1.66% | 1.56% |
| 8 | IL | 7 bps | 3.28% | 3.21% |
| 9 | MA | 7 bps | 1.82% | 1.76% |
| 10 | MN | 5 bps | 1.80% | 1.74% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 5/22/20 – 5/29/20 (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 5/22/20 – 5/29/20 (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 5/22/20 – 5/29/20 (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 5/22/20 – 5/29/20
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 5/22/20 vs. the week ending 5/29/20
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | MET TRANSPRTN-C-1 | 5.25% | 11/15/55 | 15 | 76 | 61 | 407% |
| 2 | FLORIDA ST-A-REF | 5.00% | 07/01/23 | 7 | 54 | 47 | 671% |
| 3 | GAINESVILLE HOSP-A | 5.25% | 08/15/49 | 27 | 73 | 46 | 170% |
| 4 | MONROE CO INDL DEV-C | 4.00% | 07/01/43 | 5 | 51 | 46 | 920% |
| 5 | NEW YORK ST DORM AUTH | 4.00% | 07/01/45 | 5 | 50 | 45 | 900% |
| 6 | UNIV OF CALIFORNIA-M | 5.00% | 05/15/36 | 46 | 91 | 45 | 98% |
| 7 | IA HGR EDU LN | 5.00% | 12/01/46 | 3 | 47 | 44 | 1467% |
| 8 | TEXAS ST-A-REF | 5.00% | 10/01/22 | 26 | 69 | 43 | 165% |
| 9 | PA TURNPIKE-CABS-A3 | 0.00% | 12/01/41 | 6 | 49 | 43 | 717% |
| 10 | ADAMS ETC SD 28J-REF | 5.00% | 12/01/23 | 14 | 57 | 43 | 307% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 5/22/20 – 5/29/20
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | CALIFORNIA ST | 3.00% | 03/01/46 | 31 |
| 2 | CALIFORNIA ST | 3.00% | 03/01/50 | 31 |
| 3 | LOS ANGELES CA DEPT O | 5.00% | 07/01/28 | 31 |
| 4 | NEW YORK ST PWR AUTH | 3.25% | 11/15/60 | 29 |
| 5 | CALIFORNIA ST | 4.00% | 03/01/38 | 29 |
| 6 | HAWAII ST | 5.00% | 10/01/29 | 29 |
| 7 | CALIFORNIA ST | 4.00% | 03/01/40 | 29 |
| 8 | ILLINOIS ST | 5.75% | 05/01/45 | 29 |
| 9 | CALIFORNIA ST | 5.00% | 03/01/33 | 29 |
| 10 | CALIFORNIA ST | 4.00% | 03/01/37 | 28 |
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