GET OUR MUNICIPAL BOND MARKET SUMMARIES STRAIGHT TO YOUR INBOX.  LEARN MORE

Municipal Bond Market Summary:
Week Ending 1/8/21

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

Quick Links

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 12/31/20 – 1/8/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 BALTIMORE CONVTN-REF 5.00% 09/01/46 5.92% 99.57 94.00
2 PR ELEC-WW 5.25% 07/01/33 5.92% 76.36 72.09
3 PR-REF-A 5.13% 07/01/37 4.84% 75.62 72.13
4 DUTCHESS CNTY NY LOCA 5.00% 07/01/45 3.51% 113.36 109.51
5 MET TRANSPRTN AUTH NY 5.00% 11/15/28 3.47% 117.59 113.64
6 GDB DEBT RECOVERY AUT 7.50% 08/20/40 3.40% 80.09 77.46
7 CA EDU FACS AUTH -A 3.56% 04/01/31 2.94% 113.74 110.49
8 DAUPHIN CO GEN AUTH 5.13% 10/15/41 2.78% 97.13 94.50
9 CITRUS CMNTY CLG DT-A 1.45% 08/01/28 2.55% 102.55 100.00
10 WESTCHESTER LOCAL-A 6.25% 06/01/50 2.47% 117.70 114.86

Top 10 Losers

Showcases the top 10 Muni Bond “Losers” based on price movements between 12/31/20 – 1/8/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 INDIANA UNIV TRUSTEES 3.07% 06/01/60 -4.24% 108.93 113.76
2 PA TPK-BABS-B 5.56% 12/01/49 -4.00% 140.93 146.80
3 UNIV OF TEXAS SYS BRD 3.35% 08/15/47 -3.95% 116.27 121.05
4 LITCHFIELD PUB SCHS 5.00% 02/01/24 -3.59% 114.52 118.79
5 AMHERST DEV CORP-REF 5.00% 10/01/43 -3.19% 108.11 111.66
6 PORT AUTH NY/NJ #168 4.93% 10/01/51 -2.83% 135.83 139.78
7 BAY AREA TOLL-F-2 6.26% 04/01/49 -2.80% 168.10 172.94
8 ESCAMBIA HSG SFM-A 3.65% 10/01/44 -2.52% 107.81 110.60
9 MCHENRY ETC SD #55 1.70% 12/30/33 -2.49% 97.51 100.00
10 UNIV OF CALIFORNIA-BF 2.65% 05/15/50 -2.17% 98.24 100.41

Top 10 State Winners

Showcases the top 10 Muni State “Winners” based on yield movements between 12/31/20 – 1/8/21

RANK STATE CHANGE YLD YLD-1W
1 AL -55 bps 1.29% 1.84%
2 MA -46 bps 1.73% 2.18%
3 KS -42 bps 1.78% 2.20%
4 CO -39 bps 1.17% 1.57%
5 MI -33 bps 1.50% 1.83%
6 OH -33 bps 1.73% 2.06%
7 AR -32 bps 2.05% 2.37%
8 NV -31 bps 1.35% 1.66%
9 MO -20 bps 1.56% 1.76%
10 WA -17 bps 1.57% 1.74%

Top 10 State Losers

Showcases the top 10 Muni State “Losers” based on yield movements between 12/31/20 – 1/8/21

RANK STATE CHANGE YLD YLD-1W
1 DC 32 bps 1.45% 1.12%
2 MN 26 bps 1.47% 1.21%
3 LA 24 bps 1.52% 1.28%
4 NE 15 bps 1.22% 1.07%
5 MT 12 bps 1.38% 1.27%
6 GA 9 bps 1.36% 1.27%
7 OR 6 bps 1.63% 1.56%
8 AZ 6 bps 1.55% 1.50%
9 IL 5 bps 2.51% 2.46%
10 WI 5 bps 1.36% 1.31%

10 Year Yield by State – All

Displays the average Muni 10 year yield by state between 12/31/20 – 1/8/21 (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 - All

10 Year Yield by State – GO Only

Displays the average Muni 10 year yield by state between 12/31/20 – 1/8/21 (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 - Go

10 Year Yield by State – Rev Only

Displays the average Muni 10 year yield by state between 12/31/20 – 1/8/21 (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 State - Rev

Sentiment

Reveals the percent of Muni bonds increasing in price (advancers) vs. decreasing in price (decliners) between 12/31/20 – 1/8/21

Muni Market Sentiment - Advancers vs. Decliners

Top Quote Volume Movers: This Week vs Last Week

Exhibits the Munis with the largest increase in quote volume for the week ending 12/31/20 vs. the week ending 1/8/21

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 NEW YORK ST PWR AUTH 4.00% 11/15/55 15 67 52 347%
2 ILLINOIS ST-REF 5.00% 02/01/25 8 56 48 600%
3 SOUTH CAROLINA ST PUB 5.00% 12/01/32 55 101 46 84%
4 TX WTR DEV 4.00% 08/01/35 21 66 45 214%
5 TX WTR DEV 4.00% 08/01/37 5 48 43 860%
6 TX WTR DEV 4.00% 08/01/38 4 47 43 1075%
7 WASHINGTON MD SUB SAN 3.00% 06/01/27 5 46 41 820%
8 CENTRL PLAINS ENERGY 5.00% 09/01/32 50 88 38 76%
9 HUDSON NY YARDS INFRA 4.00% 02/15/44 38 74 36 95%
10 ARIZONA BRD OF RGTS 4.00% 07/01/38 10 46 36 360%

Most Quoted Munis

Ranks the Munis that were quoted by the highest number of dealers between 12/31/20 – 1/8/21

RANK TRANCHE COUPON MATURITY DEALERS
1 MASSACHUSETTS ST 5.00% 11/01/50 33
2 UNIV OF TEXAS UNIV-A 5.00% 08/15/30 32
3 TEXAS ST WTR DEV BRD 4.00% 04/15/51 32
4 AUSTIN-A-REF 5.00% 11/15/50 28
5 NEW JERSEY ST-A 4.00% 06/01/30 26
6 NEW JERSEY ST-A 3.00% 06/01/32 26
7 MASSACHUSETTS ST 4.00% 11/01/37 26
8 CALIFORNIA ST 5.00% 03/01/35 26
9 ROCKWALL ISD 4.00% 02/15/50 26
10 MARYLAND ST-B-REF 5.00% 08/01/25 26

Stay up-to-date with weekly summaries.

Read the latest from our team

Solve Advisors & Thinknum Webinar: Alt Data for Fixed Income Investors: Insights and Use Cases
Read More >

Reorg and Solve Advisors Announce Integration Partnership
Read More >

See more market insights and news from Solve in our Market Pulse.

SEE MORE