Municipals
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Municipal Bond Market Summary:
Week Ending 4/23/21
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 4/16/21 – 4/23/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | PR ELEC SER TT | 5.00% | 07/01/23 | 5.22% | 92.59 | 88.00 |
| 2 | DASNY -B -TXBL -REF | 3.08% | 07/01/34 | 3.79% | 101.17 | 97.48 |
| 3 | AMERN MUN PWR-BABS | 5.94% | 02/15/47 | 3.68% | 146.02 | 140.84 |
| 4 | N LAS VEGAS-A-AGM-CR | 6.57% | 06/01/40 | 3.21% | 136.48 | 132.22 |
| 5 | PA ECON DEV-CABS-C | 0.00% | 01/01/40 | 2.95% | 63.98 | 62.15 |
| 6 | NYC TRANS FIN-E-1 | 4.00% | 02/01/46 | 2.93% | 118.78 | 115.41 |
| 7 | WASHOE CO SCH DIST | 2.00% | 06/01/42 | 2.87% | 98.06 | 95.32 |
| 8 | TAHOE-TRUCKEE CA UNIF | 3.00% | 08/01/33 | 2.86% | 114.04 | 110.87 |
| 9 | MASSACHUSETTS ST DEV | 5.00% | 07/01/44 | 2.85% | 123.40 | 119.98 |
| 10 | CONNECTICUT ST-A-TXBL | 2.68% | 07/01/30 | 2.67% | 107.17 | 104.38 |
Top 10 Losers
Showcases the top 10 Muni Bond “Losers” based on price movements between 4/16/21 – 4/23/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | FRESNO JT PWRS-B- | 7.03% | 06/01/31 | -3.27% | 127.58 | 131.90 |
| 2 | TAMPA-HILLSBOROUGH | 2.39% | 07/01/33 | -3.12% | 101.20 | 104.46 |
| 3 | CENTRL FL EXPRESSWAY | 5.00% | 07/01/28 | -2.96% | 125.07 | 128.89 |
| 4 | PR ELEC PWR-XX | 5.75% | 07/01/36 | -2.60% | 85.06 | 87.33 |
| 5 | GARFIELD CNTY OK BABS | 6.00% | 09/01/24 | -2.26% | 111.85 | 114.43 |
| 6 | ROSEMONT-TXBL-A | 5.50% | 12/01/35 | -2.21% | 130.15 | 133.09 |
| 7 | PRAIRIE DU SAC VLG | 1.40% | 03/01/38 | -2.12% | 91.50 | 93.48 |
| 8 | MD CMNTY DEV-A | 2.85% | 09/01/29 | -1.92% | 108.37 | 110.49 |
| 9 | S HACKENSACK TWP | 1.13% | 02/15/33 | -1.89% | 94.14 | 95.95 |
| 10 | BALDWIN PARK CA UNIF | 3.00% | 08/01/46 | -1.87% | 108.48 | 110.55 |
Top 10 State Winners
Showcases the top 10 Muni State “Winners” based on yield movements between 4/16/21 – 4/23/21
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | NH | -34 bps | 1.39% | 1.73% |
| 2 | IL | -20 bps | 2.19% | 2.39% |
| 3 | UT | -16 bps | 1.25% | 1.42% |
| 4 | OR | -16 bps | 1.59% | 1.75% |
| 5 | PA | -15 bps | 1.58% | 1.72% |
| 6 | MO | -13 bps | 1.66% | 1.79% |
| 7 | NV | -12 bps | 1.54% | 1.66% |
| 8 | MD | -11 bps | 1.17% | 1.28% |
| 9 | WI | -10 bps | 1.86% | 1.95% |
| 10 | IN | -9 bps | 1.82% | 1.91% |
Top 10 State Losers
Showcases the top 10 Muni State “Losers” based on yield movements between 4/16/21 – 4/23/21
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | MN | 28 bps | 1.69% | 1.41% |
| 2 | DE | 24 bps | 1.31% | 1.07% |
| 3 | AZ | 23 bps | 1.76% | 1.52% |
| 4 | IA | 22 bps | 1.82% | 1.59% |
| 5 | GA | 14 bps | 1.49% | 1.35% |
| 6 | CT | 13 bps | 1.64% | 1.50% |
| 7 | WV | 13 bps | 1.34% | 1.21% |
| 8 | KS | 12 bps | 2.15% | 2.03% |
| 9 | TN | 12 bps | 1.45% | 1.33% |
| 10 | NC | 11 bps | 0.99% | 0.88% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 4/16/21 – 4/23/21 (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 4/16/21 – 4/23/21 (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 4/16/21 – 4/23/21 (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 4/16/21 – 4/23/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 4/16/21 vs. the week ending 4/23/21
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | DASNY -A-REF | 5.00% | 03/15/35 | 32 | 90 | 58 | 181% |
| 2 | SAN ANTONIO-A-REV | 5.00% | 02/01/46 | 53 | 107 | 54 | 102% |
| 3 | NY ST URBAN DEV CORP- | 4.00% | 03/15/46 | 29 | 80 | 51 | 176% |
| 4 | MARICOPA CNTY AZ INDL | 3.00% | 01/01/48 | 56 | 105 | 49 | 88% |
| 5 | WAKE CO -REF | 5.00% | 04/01/29 | 12 | 60 | 48 | 400% |
| 6 | YOSEMITE CMNTY CLG | 5.00% | 08/01/30 | 5 | 51 | 46 | 920% |
| 7 | NEW YORK ST URBAN DEV | 4.00% | 03/15/40 | 10 | 56 | 46 | 460% |
| 8 | NYC TRANSITIONAL FIN | 5.00% | 11/01/34 | 26 | 71 | 45 | 173% |
| 9 | WASHINGTON ST -C | 5.00% | 02/01/42 | 29 | 74 | 45 | 155% |
| 10 | CALIFORNIA ST | 5.00% | 12/01/34 | 45 | 90 | 45 | 100% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 4/16/21 – 4/23/21
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | DASNY -A-REF | 5.00% | 03/15/49 | 34 |
| 2 | NEW YORK NY | 4.00% | 03/01/47 | 33 |
| 3 | PA TPK COMMISSION-A | 4.00% | 12/01/51 | 33 |
| 4 | LOS ANGELES DEPT OF | 5.00% | 05/15/46 | 32 |
| 5 | CALIFORNIA ST | 5.00% | 12/01/27 | 29 |
| 6 | NEW YORK NY | 5.00% | 03/01/50 | 28 |
| 7 | CALIFORNIA ST | 5.00% | 12/01/30 | 28 |
| 8 | CALIFORNIA ST | 2.50% | 12/01/49 | 27 |
| 9 | ILLINOIS ST-A | 4.00% | 03/01/41 | 27 |
| 10 | DASNY -A-REF | 4.00% | 03/15/37 | 27 |
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