Municipals
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Municipal Bond Market Summary:
Week Ending 7/2/20
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 6/26/20 – 7/2/20
RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
1 | CO BRDG ENT-TXB-A-BAB | 6.08% | 12/01/40 | 6.68% | 148.60 | 139.29 |
2 | YSLETA ISD-B-TXBL | 0.00% | 08/15/33 | 6.44% | 75.39 | 70.83 |
3 | MET GOVT-TXB-B-BABS | 6.73% | 07/01/43 | 5.56% | 151.01 | 143.06 |
4 | MO HLTH & EDU-C2 | 4.00% | 10/01/28 | 3.94% | 109.50 | 105.35 |
5 | MASSACHUSETTS ST CLG | 5.00% | 05/01/36 | 3.68% | 121.65 | 117.33 |
6 | GRUNDY CO SD #201 | 4.00% | 10/15/25 | 3.53% | 114.63 | 110.73 |
7 | MD TRN AUTH | 5.89% | 07/01/43 | 3.41% | 146.40 | 141.57 |
8 | ROWAN CNTY KY SCH DIS | 3.00% | 11/01/25 | 3.13% | 110.56 | 107.20 |
9 | RICHMOND HOSP AUTH | 3.00% | 01/01/32 | 3.12% | 104.26 | 101.11 |
10 | CLARK CO SD -A-BLDG | 5.00% | 06/15/28 | 2.72% | 126.83 | 123.47 |
Top 10 Losers
Showcases the top 10 Muni Bond “Losers” based on price movements between 6/26/20 – 7/2/20
RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
1 | CA STWD CMNTY-L | 5.00% | 04/01/38 | -2.74% | 128.81 | 132.44 |
2 | NEW JERSEY ST | 2.25% | 06/01/35 | -2.34% | 97.21 | 99.54 |
3 | SAN MATEO CNTY CCD-A | 0.00% | 09/01/27 | -1.65% | 91.14 | 92.67 |
4 | ANAHEIM REDEV-REF-B | 6.51% | 02/01/31 | -1.63% | 127.38 | 129.48 |
5 | LAKELAND CAP IMPT-C | 5.93% | 10/01/30 | -1.61% | 121.70 | 123.69 |
6 | PR COMWLTH REF-IMPT-A | 5.25% | 07/01/16 | -1.52% | 62.05 | 63.00 |
7 | WILSON PA AREA SD-REF | 4.00% | 03/15/25 | -1.47% | 112.90 | 114.59 |
8 | SAN BERNARDINO CNTY-T | 6.02% | 08/01/23 | -1.46% | 110.18 | 111.81 |
9 | CRYSTAL LAKE IL -A | 4.00% | 12/15/24 | -1.14% | 112.79 | 114.09 |
10 | MONTGOMERY CO MUD#127 | 2.25% | 09/01/35 | -1.13% | 100.07 | 101.21 |
Top 10 State Winners
Showcases the top 10 Muni State “Winners” based on yield movements between 6/26/20 – 7/2/20
RANK | STATE | CHANGE | YLD | YLD-1W |
1 | CO | -31 bps | 1.71% | 2.01% |
2 | KS | -30 bps | 1.68% | 1.99% |
3 | MO | -25 bps | 1.82% | 2.08% |
4 | IA | -24 bps | 1.27% | 1.51% |
5 | OR | -20 bps | 1.69% | 1.89% |
6 | NV | -18 bps | 1.74% | 1.92% |
7 | AL | -17 bps | 1.40% | 1.57% |
8 | NC | -16 bps | 1.17% | 1.33% |
9 | MT | -16 bps | 1.25% | 1.41% |
10 | VA | -16 bps | 1.20% | 1.36% |
Top 10 State Losers
Showcases the top 10 Muni State “Losers” based on yield movements between 6/26/20 – 7/2/20
RANK | STATE | CHANGE | YLD | YLD-1W |
1 | ME | 29 bps | 1.50% | 1.21% |
2 | CT | 10 bps | 1.98% | 1.88% |
3 | LA | 7 bps | 1.66% | 1.59% |
4 | IN | 6 bps | 1.78% | 1.72% |
5 | SC | 4 bps | 1.54% | 1.50% |
6 | NJ | 3 bps | 1.70% | 1.67% |
7 | GA | 1 bps | 1.27% | 1.25% |
8 | AZ | 1 bps | 1.56% | 1.56% |
9 | HI | 0 bps | 1.55% | 1.55% |
10 | OH | -3 bps | 2.01% | 2.03% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 6/26/20 – 7/2/20 (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 6/26/20 – 7/2/20 (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 6/26/20 – 7/2/20 (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 6/26/20 – 7/2/20
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 6/26/20 vs. the week ending 7/2/20
RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
1 | HOUSTON ARPT SYS REV | 5.00% | 07/01/30 | 22 | 74 | 52 | 236% |
2 | HOUSTON | 5.00% | 07/01/30 | 16 | 64 | 48 | 300% |
3 | PA TURNPIKE COMMN | 5.00% | 12/01/35 | 10 | 50 | 40 | 400% |
4 | NC TURNPIKE AUTH-CABS | 0.00% | 01/01/40 | 32 | 71 | 39 | 122% |
5 | HAWAII ST ARPTS SYS R | 5.00% | 07/01/30 | 8 | 46 | 38 | 475% |
6 | HAWAII ST ARPTS SYS R | 5.00% | 07/01/31 | 8 | 46 | 38 | 475% |
7 | HAWAII ST ARPTS SYS R | 5.00% | 07/01/32 | 8 | 46 | 38 | 475% |
8 | KY ASSET GEN FD ADJ-B | 1.14% | 11/01/25 | 22 | 59 | 37 | 168% |
9 | NY DORM AUTH -A | 5.00% | 03/15/45 | 30 | 65 | 35 | 117% |
10 | SACRAMENTO CA MUNI UT | 4.00% | 08/15/45 | 10 | 43 | 33 | 330% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 6/26/20 – 7/2/20
RANK | TRANCHE | COUPON | MATURITY | DEALERS |
1 | NEW YORK CITY NY MUNI | 4.00% | 06/15/41 | 42 |
2 | NEW YORK CITY NY MUNI | 4.00% | 06/15/50 | 35 |
3 | NYC TRANSITIONAL FIN | 4.00% | 05/01/40 | 33 |
4 | CA UNIV REVENUE-A-REF | 5.00% | 11/01/47 | 31 |
5 | TX WTR DEV | 3.00% | 08/01/40 | 30 |
6 | HOUSTON UTL SYS-C-REF | 4.00% | 11/15/36 | 30 |
7 | TRIBOROUGH BRIDGE & T | 4.00% | 11/15/54 | 30 |
8 | DALLAS TX WTRWKS &SWR | 4.00% | 10/01/39 | 29 |
9 | MASSACHUSETTS ST DEV | 5.00% | 10/15/30 | 29 |
10 | NEW YORK CITY NY MUNI | 5.00% | 06/15/48 | 28 |
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