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Municipal Bond Market Summary:
Week Ending 7/9/21

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 7/2/21 – 7/9/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 UNIV VA-A-TXBL 3.23% 09/01/19 4.45% 102.60 98.23
2 UNIV OF CALIFORNIA-AQ 4.77% 05/15/15 4.12% 144.46 138.75
3 WILLITS USD-A 2.00% 08/01/50 3.72% 99.30 95.74
4 RUTGERS NJ ST UNIV 3.27% 05/01/43 3.66% 110.88 106.96
5 LOS ANGELES CCD-REF 2.11% 08/01/32 3.65% 105.44 101.73
6 ALVORD USD-B-CABS 0.00% 08/01/41 3.56% 60.03 57.97
7 ESCONDIDO HSD-C-CABS 0.00% 08/01/41 3.42% 61.46 59.42
8 UNIV OF VIRGINIA-REF 2.26% 09/01/50 3.40% 96.00 92.85
9 COACHELLA VY USD CAB 0.00% 08/01/39 3.09% 69.47 67.39
10 CALIFORNIA ST-TXBL 1.75% 11/01/30 3.06% 102.67 99.62

Top 10 Losers

Showcases the top 10 Muni Bond “Losers” based on price movements between 7/2/21 – 7/9/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 ALVORD USD-B-CABS 0.00% 08/01/32 -4.79% 82.94 87.11
2 PR COMLWTH UNREF-B 5.25% 07/01/32 -1.66% 90.54 92.07
3 PORT OF OAKLAND CA 1.18% 05/01/25 -1.44% 99.35 100.79
4 CROCKETT INDEP SCH DT 1.67% 08/15/32 -1.27% 98.03 99.29
5 PA ST HGR EDU FACS 4.00% 11/01/39 -1.10% 103.94 105.09
6 ESCAMBIA CO HLTH FACS 5.00% 08/15/34 -0.93% 124.74 125.91
7 BRIGHTON CENTRL SD 2.00% 06/15/30 -0.87% 105.54 106.46
8 FRANKLIN CO HOSP-REF 4.00% 05/15/43 -0.82% 106.52 107.40
9 NC MED CARE-REF 4.00% 10/01/42 -0.75% 103.59 104.37
10 SAN FRANCISCO USD 3.25% 06/15/32 -0.75% 107.38 108.18

Top 10 State Winners

Showcases the top 10 Muni State “Winners” based on yield movements between 7/2/21 – 7/9/21

RANK STATE CHANGE YLD YLD-1W
1 FL -28 bps 1.40% 1.68%
2 HI -28 bps 2.13% 2.41%
3 SC -27 bps 1.64% 1.91%
4 NE -26 bps 1.53% 1.79%
5 LA -24 bps 1.49% 1.73%
6 MS -18 bps 1.44% 1.62%
7 WI -14 bps 1.76% 1.90%
8 KS -13 bps 2.42% 2.56%
9 NC -13 bps 1.11% 1.24%
10 DE -13 bps 1.04% 1.17%

Top 10 State Losers

Showcases the top 10 Muni State “Losers” based on yield movements between 7/2/21 – 7/9/21

RANK STATE CHANGE YLD YLD-1W
1 VA 28 bps 1.58% 1.30%
2 CT 14 bps 2.04% 1.90%
3 AL 13 bps 1.79% 1.66%
4 CO 9 bps 1.60% 1.51%
5 OH 7 bps 1.77% 1.70%
6 TN 7 bps 1.58% 1.51%
7 OR 6 bps 1.95% 1.89%
8 WA 2 bps 1.85% 1.83%
9 MD 2 bps 1.33% 1.31%
10 MO 1 bps 1.84% 1.82%

10 Year Yield by State – All

Displays the average Muni 10 year yield by state between 7/2/21 – 7/9/21 (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 Yr All - 7.12.21

10 Year Yield by State – GO Only

Displays the average Muni 10 year yield by state between 7/2/21 – 7/9/21 (General Obligation Bonds only)

Results are based on 5 select states, however, we offer data across all 50 states and U.S. territories

10 Yr Go - 7.12.21

10 Year Yield by State – Rev Only

Displays the average Muni 10 year yield by state between 7/2/21 – 7/9/21 (Revenue Bonds only)

Results are based on 5 select states, however, we offer data across all 50 states and U.S. territories

10 Yr Rev - 7.12.21

Sentiment

Reveals the percent of Muni bonds increasing in price (advancers) vs. decreasing in price (decliners) between 7/2/21 – 7/9/21

Sentiment - 7.12.21v2

Top Quote Volume Movers: This Week vs Last Week

Exhibits the Munis with the largest increase in quote volume for the week ending 7/2/21 vs. the week ending 7/9/21

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 CALIFORNIA 4.00% 10/01/34 62 105 43 69%
2 SNOHOMISH CNTY WA PUB 5.00% 12/01/51 42 85 43 102%
3 SIERRA CLG DIST-A 4.00% 08/01/38 27 70 43 159%
4 SAN DIEGUITO UN HSD 3.00% 08/01/38 41 83 42 102%
5 DELAWARE STATE-REF 5.00% 02/01/29 26 64 38 146%
6 WASHINGTON ST -D 5.00% 07/01/30 2 39 37 1850%
7 LOS ANGELES UNIF SD-C 4.00% 07/01/38 7 44 37 529%
8 HOUSTON-A-REV-REF 3.00% 11/15/51 62 98 36 58%
9 MASSACHUSETTS ST DEV 5.00% 07/01/55 35 71 36 103%
10 SAN MATEO CA PUB FING 4.00% 08/01/39 20 56 36 180%

Most Quoted Munis

Ranks the Munis that were quoted by the highest number of dealers between 7/2/21 – 7/9/21

RANK TRANCHE COUPON MATURITY DEALERS
1 IN FIN AUTH-REF-1 4.00% 10/01/36 30
2 PORT OF SEATTLE WA-C 5.00% 08/01/46 28
3 WEST VIRGINIA ST PARK 4.00% 06/01/51 27
4 ALAMO CMNTY CLG DIST 4.00% 08/15/39 27
5 HOUSTON-A-REV-REF 4.00% 11/15/51 27
6 PR SALES TAX FING-A1 0.00% 07/01/51 27
7 VA CLG BLDG AUTH-A 3.00% 02/01/41 25
8 ALAMO CMNTY CLG DIST 4.00% 08/15/38 24
9 HOUSTON-A-REV-REF 3.00% 11/15/51 24
10 ENERGY NW ELEC REV 4.00% 07/01/42 24

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