Municipals
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Municipal Bond Market Summary:
Week Ending 5/14/21
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 5/7/21 – 5/14/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | BAY AREA TOLL-S1 | 6.92% | 04/01/40 | 5.53% | 156.73 | 148.52 |
| 2 | MAINE ST HSG AUTH-A | 2.20% | 11/15/51 | 3.57% | 100.25 | 96.79 |
| 3 | PR ELEC PWR-XX | 5.25% | 07/01/35 | 3.14% | 85.60 | 83.00 |
| 4 | HOUSTON ARPT SYS REV | 2.39% | 07/01/31 | 2.55% | 100.72 | 98.21 |
| 5 | CONTRA COSTA CA CMNTY | 4.00% | 08/01/32 | 2.43% | 125.21 | 122.24 |
| 6 | GDB DEBT RECOVERY AUT | 7.50% | 08/20/40 | 2.33% | 89.36 | 87.32 |
| 7 | NJ TRN FD CAB-SER -A | 0.00% | 12/15/34 | 2.23% | 72.67 | 71.08 |
| 8 | WILL CO SD #365-U | 4.00% | 01/01/30 | 1.98% | 116.58 | 114.31 |
| 9 | SEWARD CO USD #480 | 1.33% | 09/01/28 | 1.94% | 99.03 | 97.14 |
| 10 | OH TPK COMMN-CABS-A2 | 0.00% | 02/15/42 | 1.87% | 61.64 | 60.51 |
Top 10 Losers
Showcases the top 10 Muni Bond “Losers” based on price movements between 5/7/21 – 5/14/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | MI TECH UNIV-A-BAB | 6.69% | 10/01/39 | -8.68% | 139.04 | 152.25 |
| 2 | CHICAGO TRANSIT BAB | 6.20% | 12/01/40 | -3.89% | 131.29 | 136.60 |
| 3 | UNIV OF CALIFORNIA CA | 3.71% | 05/15/20 | -3.80% | 99.16 | 103.08 |
| 4 | SANGER UN SD-REF-TXBL | 2.83% | 08/01/44 | -2.93% | 97.43 | 100.37 |
| 5 | CO ST HLTH FACS AUTH | 5.00% | 08/01/32 | -2.75% | 121.81 | 125.25 |
| 6 | W ORANGE TWP -TXBL | 3.00% | 03/01/49 | -2.61% | 96.17 | 98.75 |
| 7 | WESTLAND -TXBL | 2.66% | 11/01/43 | -2.61% | 94.49 | 97.02 |
| 8 | PA ECON DEV-CABS-B | 0.00% | 01/01/43 | -2.52% | 56.27 | 57.72 |
| 9 | NYC TRANSITIONAL-B-3 | 2.05% | 08/01/36 | -2.43% | 92.48 | 94.79 |
| 10 | NY ST -B -TXBL-GROUP2 | 2.73% | 03/15/42 | -2.40% | 98.36 | 100.78 |
Top 10 State Winners
Showcases the top 10 Muni State “Winners” based on yield movements between 5/7/21 – 5/14/21
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | HI | -27 bps | 2.37% | 2.65% |
| 2 | DC | -26 bps | 1.50% | 1.76% |
| 3 | CT | -24 bps | 1.67% | 1.91% |
| 4 | NE | -22 bps | 1.68% | 1.90% |
| 5 | KS | -20 bps | 1.49% | 1.69% |
| 6 | OR | -20 bps | 1.49% | 1.69% |
| 7 | MO | -18 bps | 1.76% | 1.94% |
| 8 | GA | -14 bps | 1.36% | 1.50% |
| 9 | PA | -13 bps | 1.59% | 1.72% |
| 10 | WA | -11 bps | 1.61% | 1.72% |
Top 10 State Losers
Showcases the top 10 Muni State “Losers” based on yield movements between 5/7/21 – 5/14/21
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | TN | 16 bps | 1.66% | 1.51% |
| 2 | AL | 14 bps | 1.31% | 1.17% |
| 3 | NY | 14 bps | 1.84% | 1.70% |
| 4 | IA | 13 bps | 1.75% | 1.63% |
| 5 | MD | 7 bps | 1.42% | 1.35% |
| 6 | SC | 7 bps | 1.68% | 1.61% |
| 7 | MN | 6 bps | 1.68% | 1.62% |
| 8 | CA | 6 bps | 1.84% | 1.78% |
| 9 | MA | 6 bps | 1.61% | 1.55% |
| 10 | ME | 6 bps | 1.44% | 1.38% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 5/7/21 – 5/14/21 (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 5/7/21 – 5/14/21 (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 5/7/21 – 5/14/21 (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 5/7/21 – 5/14/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 5/7/21 vs. the week ending 5/14/21
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | NORTHSIDE TX ISD-REF | 3.00% | 08/15/38 | 24 | 92 | 68 | 283% |
| 2 | NORTHSIDE TX ISD-REF | 3.00% | 08/15/37 | 19 | 86 | 67 | 353% |
| 3 | MINNESOTA-A | 5.00% | 08/01/34 | 18 | 85 | 67 | 372% |
| 4 | MARICOPA CO IDA-A | 3.00% | 09/01/51 | 65 | 125 | 60 | 92% |
| 5 | NORTHSIDE TX ISD-REF | 3.00% | 08/15/41 | 20 | 76 | 56 | 280% |
| 6 | CURATORS OF THE UNIV | 4.24% | 11/01/54 | 10 | 65 | 55 | 550% |
| 7 | NORTHSIDE TX ISD-REF | 3.00% | 08/15/36 | 12 | 62 | 50 | 417% |
| 8 | MICHIGAN ST FIN AUTH | 5.00% | 11/15/34 | 10 | 58 | 48 | 480% |
| 9 | NORTHSIDE TX ISD-REF | 3.00% | 08/15/40 | 15 | 59 | 44 | 293% |
| 10 | ALLEGHENY CNTY-A-REF | 4.00% | 07/15/37 | 5 | 49 | 44 | 880% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 5/7/21 – 5/14/21
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | DASNY -A-REF | 4.00% | 03/15/41 | 34 |
| 2 | PA TPK COMMISSION-A | 4.00% | 12/01/51 | 34 |
| 3 | DASNY -A-REF | 5.00% | 03/15/49 | 31 |
| 4 | DASNY -A-REF | 5.00% | 03/15/32 | 29 |
| 5 | NYC MUNI WTR FIN-DD | 5.00% | 06/15/31 | 29 |
| 6 | CALIFORNIA ST | 5.00% | 12/01/30 | 28 |
| 7 | PR SALES TAX FING-A1 | 0.00% | 07/01/51 | 28 |
| 8 | DASNY -A-REF | 4.00% | 03/15/39 | 27 |
| 9 | MARYLAND ST TRANSPRTN | 3.00% | 07/01/47 | 25 |
| 10 | MARICOPA CO IDA-A | 3.00% | 09/01/51 | 25 |
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