Municipals
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Municipal Bond Market Summary:
Week Ending 4/30/21
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 4/23/21 – 4/30/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | CA INFRA & ECON DEV | 3.46% | 07/01/51 | 17.46% | 122.62 | 104.39 |
| 2 | SAN DIEGO CO REGL-A | 2.61% | 04/01/39 | 4.22% | 99.24 | 95.22 |
| 3 | MAGNOLIA SPL ASSMNT | 5.70% | 09/01/46 | 3.46% | 116.75 | 112.85 |
| 4 | CHICAGO IL O’HARE INT | 5.00% | 01/01/47 | 3.37% | 120.56 | 116.63 |
| 5 | MONROVIA CSD-BABS-TXB | 7.25% | 08/01/28 | 3.31% | 128.15 | 124.05 |
| 6 | UNIV OF TEXAS UNIV-A | 3.50% | 08/15/50 | 3.20% | 125.73 | 121.84 |
| 7 | SPOKANE SD #81-REF | 4.00% | 12/01/29 | 2.88% | 125.78 | 122.26 |
| 8 | NYC INDL DEV AGY-A | 2.00% | 01/01/38 | 2.84% | 98.65 | 95.93 |
| 9 | FL DEV FIN CORP -B | 7.38% | 01/01/49 | 2.73% | 104.46 | 101.69 |
| 10 | DANA POINT CMNTY-A | 4.00% | 09/01/41 | 2.18% | 120.21 | 117.64 |
Top 10 Losers
Showcases the top 10 Muni Bond “Losers” based on price movements between 4/23/21 – 4/30/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | TARRANT REGL WTR DT-B | 2.40% | 09/01/40 | -6.46% | 93.73 | 100.20 |
| 2 | GILROY UNIF SCH DT | 4.00% | 08/01/37 | -5.97% | 111.69 | 118.78 |
| 3 | MESA CLG-TXB-BABS-B | 5.80% | 05/15/40 | -5.21% | 134.44 | 141.84 |
| 4 | MALIBU COPS-TXB-B-CIT | 6.40% | 07/01/24 | -4.43% | 110.71 | 115.84 |
| 5 | PASSAIC VLY WTR COMM | 7.57% | 12/15/29 | -4.41% | 133.93 | 140.10 |
| 6 | WESTMONT PARK DT | 0.00% | 12/01/32 | -3.62% | 73.77 | 76.53 |
| 7 | W CONTRA COSTA USD-B | 6.00% | 08/01/24 | -3.43% | 111.69 | 115.67 |
| 8 | HARTNELL CMNTY CLG DT | 3.00% | 08/01/45 | -3.42% | 103.67 | 107.34 |
| 9 | BOSSIER CITY-TXBL-REF | 2.70% | 10/01/37 | -3.39% | 97.14 | 100.54 |
| 10 | ALLENTOWN-REF-TXBL | 4.06% | 10/01/34 | -3.03% | 110.18 | 113.62 |
Top 10 State Winners
Showcases the top 10 Muni State “Winners” based on yield movements between 4/23/21 – 4/30/21
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | KS | -39 bps | 1.76% | 2.15% |
| 2 | MS | -26 bps | 1.28% | 1.55% |
| 3 | NE | -13 bps | 1.69% | 1.81% |
| 4 | IA | -9 bps | 1.61% | 1.69% |
| 5 | WI | -5 bps | 1.80% | 1.86% |
| 6 | NH | -3 bps | 1.36% | 1.39% |
| 7 | WV | -3 bps | 1.33% | 1.35% |
| 8 | OR | -3 bps | 1.56% | 1.58% |
| 9 | OH | -2 bps | 1.74% | 1.77% |
| 10 | MI | -2 bps | 1.69% | 1.71% |
Top 10 State Losers
Showcases the top 10 Muni State “Losers” based on yield movements between 4/23/21 – 4/30/21
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | FL | 40 bps | 1.97% | 1.56% |
| 2 | MO | 39 bps | 2.05% | 1.66% |
| 3 | GA | 30 bps | 1.67% | 1.37% |
| 4 | ME | 28 bps | 1.63% | 1.36% |
| 5 | TN | 26 bps | 1.64% | 1.38% |
| 6 | TX | 24 bps | 1.90% | 1.67% |
| 7 | CT | 20 bps | 1.84% | 1.64% |
| 8 | UT | 18 bps | 1.41% | 1.24% |
| 9 | MD | 15 bps | 1.32% | 1.17% |
| 10 | SC | 15 bps | 1.38% | 1.23% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 4/23/21 – 4/30/21 (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 4/23/21 – 4/30/21 (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 4/23/21 – 4/30/21 (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 4/23/21 – 4/30/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 4/23/21 vs. the week ending 4/30/21
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | NEW JERSEY ST-A | 4.00% | 06/01/32 | 51 | 97 | 46 | 90% |
| 2 | MICHIGAN FIN AUTH-D-1 | 1.20% | 10/15/30 | 25 | 71 | 46 | 184% |
| 3 | YOSEMITE CMNTY CLG | 5.00% | 08/01/30 | 51 | 94 | 43 | 84% |
| 4 | SEATTLE -REV -A | 5.00% | 04/01/47 | 19 | 62 | 43 | 226% |
| 5 | NEW YORK CITY -C | 4.00% | 08/01/39 | 8 | 50 | 42 | 525% |
| 6 | NEW YORK CITY -C | 4.00% | 08/01/40 | 8 | 47 | 39 | 488% |
| 7 | PHILADELPHIA AUTH-BAM | 3.18% | 04/15/35 | 15 | 53 | 38 | 253% |
| 8 | SEATTLE-B-REF | 4.00% | 04/01/29 | 4 | 40 | 36 | 900% |
| 9 | PLACENTIA SD-D-CABS | 0.00% | 08/01/39 | 27 | 62 | 35 | 130% |
| 10 | TEXAS ST WTR DEV BRD | 3.00% | 10/15/39 | 8 | 42 | 34 | 425% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 4/23/21 – 4/30/21
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | PA TPK COMMISSION-A | 4.00% | 12/01/51 | 34 |
| 2 | DASNY -A-REF | 5.00% | 03/15/49 | 34 |
| 3 | NEW YORK NY | 4.00% | 03/01/47 | 30 |
| 4 | DASNY -A-REF | 4.00% | 03/15/39 | 29 |
| 5 | ILLINOIS ST-A | 4.00% | 03/01/41 | 27 |
| 6 | CALIFORNIA ST | 5.00% | 12/01/27 | 27 |
| 7 | DASNY -A-REF | 5.00% | 03/15/32 | 27 |
| 8 | DASNY -A-REF | 4.00% | 03/15/37 | 27 |
| 9 | DASNY -A-REF | 5.00% | 03/15/31 | 26 |
| 10 | PA ECON DEV FING-A | 3.00% | 10/15/46 | 25 |
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