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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.

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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 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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