Municipals
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Municipal Bond Market Summary:
Week Ending 7/2/21
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 6/25/21 – 7/2/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | ST PETERSBURG-REV-REF | 2.50% | 10/01/39 | 4.62% | 104.68 | 100.06 |
| 2 | PR COMLWTH UNREF-A | 5.25% | 07/01/30 | 3.71% | 92.98 | 89.66 |
| 3 | WESTMONT PARK DT | 0.00% | 12/01/36 | 2.95% | 65.88 | 63.99 |
| 4 | COOK CO SD #218-A | 3.13% | 12/01/33 | 2.63% | 110.81 | 107.96 |
| 5 | TRIBOROUGH BRIDGE-A-3 | 2.92% | 05/15/40 | 2.52% | 103.75 | 101.20 |
| 6 | TX A&M UNIV SYS BRD-A | 2.65% | 05/15/47 | 2.32% | 102.40 | 100.08 |
| 7 | FORT BEND CO MUD #187 | 2.00% | 03/01/39 | 1.85% | 97.10 | 95.34 |
| 8 | CHICAGO-B-REF-TXBL | 6.31% | 01/01/44 | 1.80% | 128.93 | 126.65 |
| 9 | SAN ANTONIO ELEC-TXBL | 4.43% | 02/01/42 | 1.74% | 125.34 | 123.20 |
| 10 | GEORGIA ST -B -GROUP | 1.80% | 08/01/37 | 1.72% | 97.12 | 95.48 |
Top 10 Losers
Showcases the top 10 Muni Bond “Losers” based on price movements between 6/25/21 – 7/2/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | UNITED ISD-CABS-TXBL | 0.00% | 02/15/35 | -4.06% | 71.37 | 74.39 |
| 2 | AUBURNDALE SD | 1.30% | 03/01/35 | -2.29% | 93.89 | 96.09 |
| 3 | DESERT CMNTY CLG DT | 2.46% | 08/01/40 | -2.24% | 96.40 | 98.61 |
| 4 | MET TRN-BABS-TXB-TR | 6.59% | 11/15/30 | -1.95% | 126.88 | 129.41 |
| 5 | ELK RIVER -A | 2.00% | 02/01/41 | -1.91% | 97.30 | 99.20 |
| 6 | GALVESTON TX BABS -B | 5.91% | 02/01/29 | -1.72% | 118.50 | 120.58 |
| 7 | S HADLEY TWN | 2.25% | 01/15/45 | -1.40% | 98.33 | 99.73 |
| 8 | PFLUGERVILLE ISD -A | 3.00% | 02/15/35 | -1.25% | 112.86 | 114.29 |
| 9 | NAPA VY USD-TXB-B-BAB | 6.51% | 08/01/43 | -1.23% | 149.37 | 151.24 |
| 10 | ATLANTA ARPT-B | 4.00% | 07/01/49 | -1.16% | 116.26 | 117.63 |
Top 10 State Winners
Showcases the top 10 Muni State “Winners” based on yield movements between 6/25/21 – 7/2/21
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | DE | -15 bps | 1.17% | 1.32% |
| 2 | VA | -13 bps | 1.30% | 1.43% |
| 3 | NY | -11 bps | 1.67% | 1.79% |
| 4 | NJ | -10 bps | 1.92% | 2.01% |
| 5 | WV | -7 bps | 1.24% | 1.31% |
| 6 | NE | -6 bps | 1.77% | 1.83% |
| 7 | MD | -5 bps | 1.31% | 1.36% |
| 8 | ME | -5 bps | 1.24% | 1.28% |
| 9 | TX | -3 bps | 1.81% | 1.83% |
| 10 | GA | 1 bps | 1.47% | 1.46% |
Top 10 State Losers
Showcases the top 10 Muni State “Losers” based on yield movements between 6/25/21 – 7/2/21
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | HI | 80 bps | 2.41% | 1.61% |
| 2 | SC | 62 bps | 1.91% | 1.29% |
| 3 | KS | 48 bps | 2.49% | 2.01% |
| 4 | IA | 44 bps | 1.72% | 1.28% |
| 5 | WI | 37 bps | 1.88% | 1.51% |
| 6 | OH | 32 bps | 1.70% | 1.38% |
| 7 | OR | 30 bps | 1.89% | 1.58% |
| 8 | DC | 20 bps | 1.59% | 1.39% |
| 9 | CT | 16 bps | 1.90% | 1.74% |
| 10 | WA | 14 bps | 1.87% | 1.73% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 6/25/21 – 7/2/21 (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 6/25/21 – 7/2/21 (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 6/25/21 – 7/2/21 (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 6/25/21 – 7/2/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 6/25/21 vs. the week ending 7/2/21
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | MA WTR POLL-REF | 5.00% | 08/01/25 | 8 | 58 | 50 | 625% |
| 2 | SAN FRANCISCO CCD-A | 3.00% | 06/15/45 | 18 | 67 | 49 | 272% |
| 3 | WASHINGTON ST -F | 5.00% | 06/01/25 | 8 | 55 | 47 | 588% |
| 4 | WASHINGTON ST-E | 5.00% | 06/01/26 | 8 | 55 | 47 | 588% |
| 5 | LOCAL PUBLIC SCHS-A | 3.00% | 08/01/39 | 5 | 51 | 46 | 920% |
| 6 | S SAN FRANCISCO PUB-A | 4.00% | 06/01/39 | 13 | 58 | 45 | 346% |
| 7 | RI COMMERCE CORP-A | 5.00% | 05/15/30 | 40 | 85 | 45 | 113% |
| 8 | RI COMMERCE CORP-A | 5.00% | 05/15/31 | 40 | 85 | 45 | 113% |
| 9 | GRAND RAPIDS WTR SYS | 5.00% | 01/01/40 | 22 | 64 | 42 | 191% |
| 10 | MASSACHUSETTS ST | 5.00% | 11/01/27 | 39 | 80 | 41 | 105% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 6/25/21 – 7/2/21
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | IN FIN AUTH-REF-1 | 4.00% | 10/01/36 | 29 |
| 2 | ALAMO CMNTY CLG DIST | 4.00% | 08/15/39 | 28 |
| 3 | PORT OF SEATTLE WA-C | 5.00% | 08/01/46 | 28 |
| 4 | HOUSTON-A-REV-REF | 4.00% | 11/15/51 | 27 |
| 5 | WEST VIRGINIA ST PARK | 4.00% | 06/01/51 | 26 |
| 6 | PR SALES TAX FING-A1 | 0.00% | 07/01/51 | 25 |
| 7 | COLORADO ST-A | 4.00% | 12/15/38 | 24 |
| 8 | ALAMO CMNTY CLG DIST | 4.00% | 08/15/38 | 24 |
| 9 | SAN DIEGO UNIF SD -M2 | 3.00% | 07/01/50 | 24 |
| 10 | NYC MUNI WTR FIN-DD | 5.00% | 06/15/26 | 23 |
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