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Municipal Bond Market Summary:
Week Ending 4/1/21

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 3/26/21 – 4/1/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 PR BLDGS-G-GOVT FACS 4.75% 07/01/32 7.46% 94.30 87.75
2 CHICAGO-A 5.50% 01/01/49 4.81% 122.83 117.19
3 IL ST-B-TXBL- 5.75% 01/01/37 3.15% 117.22 113.64
4 MONTGOMERY AL 3.00% 12/01/39 2.73% 112.93 109.93
5 PUEBLO URBAN RENEWAL 4.75% 12/01/45 2.47% 106.65 104.07
6 ALLEN PUB BLDG-A-REF 4.00% 12/01/28 2.41% 118.74 115.95
7 BRUNSWICK SD-TXB-A-FA 6.38% 12/01/26 2.40% 121.56 118.71
8 CMWLTH FING TXB-SER C 5.20% 06/01/26 2.38% 115.63 112.94
9 MORELAND SD -A 3.00% 08/01/40 2.11% 109.65 107.39
10 ILLINOIS ST-BABS 6.63% 02/01/35 2.08% 120.17 117.72

Top 10 Losers

Showcases the top 10 Muni Bond “Losers” based on price movements between 3/26/21 – 4/1/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 NY ST -B -TXBL-GROUP2 2.53% 03/15/38 -7.74% 92.35 100.10
2 GRAND RAPIDS SAN-A-BA 6.72% 01/01/41 -7.72% 151.81 164.51
3 SILICON VLY CA CLEAN 2.79% 08/01/40 -7.65% 92.93 100.63
4 MASSACHUSETTS ST HSG 3.07% 12/01/40 -7.55% 93.56 101.20
5 AMERN MUN PWR-A-COMB 7.73% 02/15/33 -5.24% 141.64 149.47
6 SAN JUAN REDEV-TXB-B 6.30% 08/01/28 -3.63% 121.73 126.31
7 LAKE HAMILTON SD #5 1.90% 04/01/38 -3.38% 91.60 94.80
8 ST LOUIS SD #R-6 3.38% 02/01/35 -2.92% 106.34 109.54
9 GREATER TEXOMA UTIL 1.75% 10/01/36 -2.83% 93.35 96.07
10 KANNAPOLIS-TXBL-REV 2.40% 04/01/36 -2.54% 93.81 96.26

Top 10 State Winners

Showcases the top 10 Muni State “Winners” based on yield movements between 3/26/21 – 4/1/21

RANK STATE CHANGE YLD YLD-1W
1 AL -73 bps 1.18% 1.91%
2 NV -56 bps 1.47% 2.03%
3 HI -40 bps 1.97% 2.37%
4 NC -29 bps 0.99% 1.28%
5 NY -24 bps 1.57% 1.81%
6 GA -21 bps 1.24% 1.45%
7 CO -21 bps 1.63% 1.84%
8 MO -21 bps 1.67% 1.88%
9 NJ -18 bps 2.07% 2.25%
10 MD -15 bps 1.29% 1.44%

Top 10 State Losers

Showcases the top 10 Muni State “Losers” based on yield movements between 3/26/21 – 4/1/21

RANK STATE CHANGE YLD YLD-1W
1 MN 34 bps 2.13% 1.79%
2 FL 33 bps 2.23% 1.91%
3 KS 25 bps 1.82% 1.58%
4 TN 22 bps 1.71% 1.49%
5 AZ 20 bps 1.66% 1.46%
6 MS 19 bps 1.55% 1.37%
7 OR 17 bps 1.92% 1.76%
8 WI 10 bps 1.60% 1.49%
9 PA 8 bps 1.75% 1.67%
10 VA 8 bps 1.52% 1.44%

10 Year Yield by State – All

Displays the average Muni 10 year yield by state between 3/26/21 – 4/1/21 (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 – GO Only

Displays the average Muni 10 year yield by state between 3/26/21 – 4/1/21 (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 – Rev Only

Displays the average Muni 10 year yield by state between 3/26/21 – 4/1/21 (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 3/26/21 – 4/1/21

Top Quote Volume Movers: This Week vs Last Week

Exhibits the Munis with the largest increase in quote volume for the week ending 3/26/21 vs. the week ending 4/1/21

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 CARROLLTON-FARMERS BR 4.00% 02/15/35 1 60 59 5900%
2 CARROLLTON-FARMERS BR 3.00% 02/15/40 1 55 54 5400%
3 IL FIN AUTH-GREEN BD 4.00% 07/01/38 9 57 48 533%
4 NYC TRANS FIN-E-1 4.00% 02/01/43 42 88 46 110%
5 CARROLLTON-FARMERS BR 3.00% 02/15/38 1 45 44 4400%
6 CARROLLTON-FARMERS BR 3.00% 02/15/37 1 40 39 3900%
7 SOUTH CAROLINA ST PUB 5.00% 12/01/43 18 52 34 189%
8 MARYLAND ST TRANSPRTN 4.00% 07/01/50 59 93 34 58%
9 LOS ANGELES DEPT OF 5.00% 05/15/31 37 70 33 89%
10 CARROLLTON-FARMERS BR 3.00% 02/15/39 1 33 32 3200%

Most Quoted Munis

Ranks the Munis that were quoted by the highest number of dealers between 3/26/21 – 4/1/21

RANK TRANCHE COUPON MATURITY DEALERS
1 LOS ANGELES DEPT OF 5.00% 05/15/46 37
2 NEW YORK NY 4.00% 03/01/47 31
3 NEW YORK NY 5.00% 03/01/50 28
4 NEW YORK NY 4.00% 03/01/38 27
5 OHIO ST WTR DEV AUTH 5.00% 06/01/33 27
6 SAN FRANCISCO CA BAY 3.00% 08/01/50 27
7 CALIFORNIA ST 5.00% 12/01/27 26
8 NEW YORK NY 5.00% 03/01/42 26
9 CALIFORNIA ST 5.00% 11/01/28 25
10 ILLINOIS ST-A 4.00% 03/01/41 25

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