Municipals
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Municipal Bond Market Summary:
Week Ending 7/24/20
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 7/17/20 – 7/24/20
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | UPPER SANTA CLARA-A | 5.00% | 08/01/46 | 4.15% | 127.17 | 122.10 |
| 2 | MASSACHUSETTS ST DEV | 3.00% | 10/01/37 | 3.82% | 103.91 | 100.08 |
| 3 | SAN JOAQUIN CO-COPS | 5.00% | 11/15/29 | 3.57% | 129.84 | 125.36 |
| 4 | GROSSMONT SD-G2 | 5.00% | 08/01/27 | 3.38% | 126.55 | 122.42 |
| 5 | MASSACHUSETTS ST | 1.93% | 07/01/34 | 3.17% | 102.41 | 99.27 |
| 6 | EL MONTE UHSD-CABS | 0.00% | 06/01/36 | 3.07% | 72.60 | 70.44 |
| 7 | MONTEBELLO USD-CABS | 0.00% | 07/01/29 | 3.01% | 84.24 | 81.78 |
| 8 | JOBSOHIO BEVERAGE SYS | 2.83% | 01/01/38 | 2.95% | 110.10 | 106.94 |
| 9 | GUAM GOVT WTRWKS AUTH | 5.00% | 01/01/50 | 2.78% | 122.19 | 118.89 |
| 10 | NYC TRANS FIN AUTH | 5.00% | 05/01/40 | 2.71% | 128.07 | 124.70 |
Top 10 Losers
Showcases the top 10 Muni Bond “Losers” based on price movements between 7/17/20 – 7/24/20
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | GATESVILLE-CTFS OBLIG | 2.00% | 02/01/29 | -6.89% | 108.02 | 116.02 |
| 2 | ATLANTA GA DEV AUTH | 5.25% | 07/01/40 | -3.31% | 108.24 | 111.95 |
| 3 | BEXAR CNTY REV-REF | 4.00% | 08/15/39 | -3.26% | 106.47 | 110.06 |
| 4 | MET TRANS AUTH | 5.11% | 11/15/22 | -2.86% | 104.65 | 107.73 |
| 5 | AMHERST DEV CORP-REF | 5.00% | 10/01/48 | -2.19% | 111.17 | 113.66 |
| 6 | IN BD BK LIBOR SER B | 1.65% | 10/15/22 | -2.13% | 100.25 | 102.43 |
| 7 | NJ TRN CAB-C-BHAC | 0.00% | 12/15/24 | -1.54% | 95.40 | 96.89 |
| 8 | EL PASO CO HOSP-REF | 5.00% | 08/15/25 | -1.53% | 114.45 | 116.23 |
| 9 | PALM BCH ARPT-REF | 5.00% | 10/01/28 | -1.50% | 119.29 | 121.10 |
| 10 | PR ELEC PWR AUTH-A | 6.75% | 07/01/36 | -1.23% | 70.20 | 71.07 |
Top 10 State Winners
Showcases the top 10 Muni State “Winners” based on yield movements between 7/17/20 – 7/24/20
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | DC | -65 bps | 1.25% | 1.90% |
| 2 | MO | -54 bps | 1.53% | 2.07% |
| 3 | AL | -49 bps | 1.53% | 2.02% |
| 4 | KS | -48 bps | 1.23% | 1.71% |
| 5 | MA | -42 bps | 1.39% | 1.81% |
| 6 | NE | -32 bps | 1.24% | 1.56% |
| 7 | GA | -30 bps | 1.22% | 1.52% |
| 8 | MI | -30 bps | 1.56% | 1.86% |
| 9 | NC | -28 bps | 1.08% | 1.36% |
| 10 | MS | -18 bps | 1.44% | 1.62% |
Top 10 State Losers
Showcases the top 10 Muni State “Losers” based on yield movements between 7/17/20 – 7/24/20
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | HI | 49 bps | 1.74% | 1.25% |
| 2 | SC | 40 bps | 1.76% | 1.37% |
| 3 | TN | 34 bps | 1.61% | 1.28% |
| 4 | IA | 27 bps | 1.85% | 1.58% |
| 5 | WI | 18 bps | 1.71% | 1.53% |
| 6 | LA | 12 bps | 1.67% | 1.54% |
| 7 | OH | 9 bps | 2.09% | 2.00% |
| 8 | IL | 5 bps | 2.59% | 2.54% |
| 9 | MN | 4 bps | 1.45% | 1.42% |
| 10 | NV | 2 bps | 1.87% | 1.84% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 7/17/20 – 7/24/20 (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 7/17/20 – 7/24/20 (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 7/17/20 – 7/24/20 (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 7/17/20 – 7/24/20
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 7/17/20 vs. the week ending 7/24/20
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | PHENIX BOE WARRANTS | 4.00% | 08/01/38 | 15 | 66 | 51 | 340% |
| 2 | PRIV CLGS & UNIVS AUT | 5.00% | 09/01/37 | 11 | 60 | 49 | 445% |
| 3 | SAN DIEGO CO REGL | 5.00% | 07/01/30 | 25 | 74 | 49 | 196% |
| 4 | ESCAMBIA CO HLTH FACS | 4.00% | 08/15/50 | 4 | 49 | 45 | 1125% |
| 5 | GEISINGER PA AUTH HLT | 4.00% | 04/01/39 | 56 | 100 | 44 | 79% |
| 6 | BRUNSWICK CO -REV | 3.00% | 04/01/38 | 16 | 60 | 44 | 275% |
| 7 | MA ST CLEAN WTR TRUST | 5.00% | 08/01/31 | 10 | 53 | 43 | 430% |
| 8 | RICHMOND VA PUBLIC UT | 4.00% | 01/15/37 | 19 | 61 | 42 | 221% |
| 9 | DIST OF COLUMBIA TAX | 4.00% | 06/01/39 | 15 | 55 | 40 | 267% |
| 10 | COLLIN CNTY TX CMNTY | 4.00% | 08/15/37 | 20 | 60 | 40 | 200% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 7/17/20 – 7/24/20
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | HOUSTON UTL SYS-C-REF | 4.00% | 11/15/37 | 37 |
| 2 | NEW YORK CITY NY MUNI | 4.00% | 06/15/50 | 34 |
| 3 | CONNECTICUT ST | 4.00% | 06/01/39 | 33 |
| 4 | NEW YORK CITY NY MUNI | 4.00% | 06/15/41 | 32 |
| 5 | HOUSTON UTL SYS-C-REF | 4.00% | 11/15/36 | 32 |
| 6 | LOS ANGELES DEPT-B | 5.00% | 07/01/40 | 32 |
| 7 | DALLAS TX WTRWKS &SWR | 4.00% | 10/01/40 | 31 |
| 8 | CONNECTICUT ST HLTH & | 5.00% | 07/01/29 | 30 |
| 9 | DALLAS TX WTRWKS &SWR | 4.00% | 10/01/39 | 30 |
| 10 | MASSACHUSETTS ST | 5.00% | 07/01/45 | 29 |
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