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Municipal Bond Market Summary:
Week Ending 11/13/20

Our newsletter presents key trends derived from observable Municipal Bond pricing data over a weekly period.

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Muni Winners/Losers
State Winners/Losers
10 Yr Yld – All
10 Yr Yld – GO
10 Yr Yld – Rev
Sentiment
Top Movers
Most Quoted Munis

Top 10 Winners

Showcases the top 10 Muni Bond “Winners” based on price movements between 11/6/20 – 11/13/20

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 MET TRANSPRTN AUTH NY 5.00% 11/15/26 5.58% 109.79 103.98
2 NEW JERSEY ST EDUCTNL 5.00% 07/01/26 4.52% 119.44 114.28
3 ALHAMBRA SD CAB-B 0.00% 09/01/31 3.69% 81.35 78.45
4 PR ELEC-WW 5.50% 07/01/21 3.24% 69.02 66.86
5 WESTCHESTER LOCAL-A 6.25% 06/01/50 3.23% 110.24 106.79
6 SAN DIEGO CNTY CA-B 5.00% 07/01/29 3.22% 128.91 124.88
7 SPRING BRANCH ISD 3.00% 02/01/33 3.21% 117.49 113.84
8 NJ HSG & MTGE-A-REF 3.25% 11/01/33 2.93% 107.64 104.58
9 MISSISSIPPI ST-B 3.00% 10/01/34 2.81% 113.73 110.63
10 PR SALES TAX FING-A1 0.00% 07/01/33 2.65% 69.80 68.00

Top 10 Losers

Showcases the top 10 Muni Bond “Losers” based on price movements between 11/6/20 – 11/13/20

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 OCEANSIDE USD-CABS-B 0.00% 08/01/38 -6.71% 68.68 73.62
2 MACON CO BOE WTS-REF 3.25% 02/01/34 -3.79% 106.02 110.20
3 MIDDLESEX IMPT TXB-JR 0.00% 10/01/26 -3.24% 90.65 93.69
4 UNIV CA RGTS-M-TXBL 3.29% 05/15/36 -2.32% 111.05 113.69
5 CALIFORNIA ST 3.25% 04/01/45 -2.07% 108.53 110.83
6 CHICAGO IL 5.63% 01/01/31 -2.02% 107.72 109.94
7 HADLEY TWN 2.00% 02/01/47 -1.99% 96.04 97.99
8 VA RESOURCES AUTH-C 2.15% 11/01/35 -1.96% 97.58 99.53
9 WARRENSVILLE ETC SD 0.00% 12/01/31 -1.95% 76.97 78.49
10 UPPER OCCOQUAN -REF 1.90% 07/01/34 -1.87% 98.65 100.54

Top 10 State Winners

Showcases the top 10 Muni State “Winners” based on yield movements between 11/6/20 – 11/13/20

RANK STATE CHANGE YLD YLD-1W
1 KS -69 bps 1.44% 2.13%
2 CO -45 bps 1.36% 1.81%
3 AZ -27 bps 1.78% 2.05%
4 MI -19 bps 1.73% 1.92%
5 AR -18 bps 1.48% 1.65%
6 UT -15 bps 1.03% 1.18%
7 IL -14 bps 3.15% 3.28%
8 CT -13 bps 1.97% 2.10%
9 MA -12 bps 1.66% 1.78%
10 NV -9 bps 1.91% 1.99%

Top 10 State Losers

Showcases the top 10 Muni State “Losers” based on yield movements between 11/6/20 – 11/13/20

RANK STATE CHANGE YLD YLD-1W
1 IN 34 bps 2.15% 1.81%
2 AL 29 bps 1.55% 1.26%
3 TN 24 bps 1.64% 1.41%
4 LA 20 bps 2.21% 2.01%
5 WA 16 bps 1.63% 1.47%
6 MS 14 bps 1.58% 1.44%
7 DC 12 bps 1.48% 1.35%
8 IA 12 bps 1.52% 1.40%
9 WV 11 bps 1.31% 1.20%
10 MN 11 bps 1.76% 1.65%

10 Year Yield by State – All

Displays the average Muni 10 year yield by state between 11/6/20 – 11/13/20 (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 Year Yield by State - All

10 Year Yield by State – GO Only

Displays the average Muni 10 year yield by state between 11/6/20 – 11/13/20 (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 Year Yield by State - Go

10 Year Yield by State – Rev Only

Displays the average Muni 10 year yield by state between 11/6/20 – 11/13/20 (Revenue 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 Year Yield by State - Rev

Sentiment

Reveals the percent of Muni bonds increasing in price (advancers) vs. decreasing in price (decliners) between 11/6/20 – 11/13/20

Top Quote Volume Movers: This Week vs Last Week

Exhibits the Munis with the largest increase in quote volume for the week ending 11/6/20 vs. the week ending 11/13/20

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 NEW YORK CITY -C 5.00% 08/01/43 95 160 65 68%
2 CYPRESS FAIRBANKS ISD 2.25% 02/15/43 36 95 59 164%
3 CHARLOTTE-REF 5.00% 07/01/27 10 64 54 540%
4 LEAGUE CITY-REF 5.00% 02/15/29 14 64 50 357%
5 LEAGUE CITY-REF 5.00% 02/15/28 14 64 50 357%
6 UNIV OF DELAWARE DE-A 5.00% 11/01/30 3 53 50 1667%
7 LOUDOUN CO-B-REF 5.00% 12/01/26 30 79 49 163%
8 ILLINOIS ST-B 4.00% 10/01/34 33 82 49 148%
9 LOS ANGELES USD-B-REF 5.00% 07/01/27 42 88 46 110%
10 HAMPTON ROADS VA TRAN 4.00% 07/01/60 6 50 44 733%

Most Quoted Munis

Ranks the Munis that were quoted by the highest number of dealers between 11/6/20 – 11/13/20

RANK TRANCHE COUPON MATURITY DEALERS
1 TEXAS ST WTR DEV BRD 4.00% 04/15/51 43
2 MISSOURI ST HLTH & ED 3.00% 06/01/53 35
3 NEW YORK CITY -C 5.00% 08/01/43 32
4 TX WTR DEV BRD-B 5.00% 04/15/49 29
5 CYPRESS FAIRBANKS ISD 2.25% 02/15/45 29
6 TEXAS ST WTR DEV BRD 4.00% 10/15/45 27
7 NEW YORK CITY NY MUNI 3.00% 06/15/50 27
8 NEW YORK CITY NY MUNI 4.00% 06/15/50 26
9 DASNY -A -REF -GROUP 3.00% 03/15/49 26
10 NEW YORK CITY NY TRAN 4.00% 05/01/40 26

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