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Municipal Bond Market Summary:
Week Ending 7/16/21

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 7/9/21 – 7/16/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 TENNESSEE HSG DEV AGY 2.46% 07/01/31 4.52% 108.38 103.69
2 PR ELEC PWR-A 5.00% 07/01/42 3.69% 91.87 88.60
3 CAPITAL TRUST AGY FL 5.00% 01/01/56 3.06% 118.90 115.37
4 S BRISTOL TWN 2.25% 05/15/46 2.84% 101.86 99.06
5 INDIANA HSG & CMNTY-A 2.15% 01/01/45 2.75% 101.22 98.51
6 DASNY -TXBL-REF 2.35% 07/01/31 2.72% 105.33 102.54
7 PR-REF-A 5.50% 07/01/39 2.23% 89.81 87.85
8 TENNESSEE ST -B-REF 1.93% 11/01/34 2.13% 104.73 102.54
9 MET ATLANTA GA RAPID 3.00% 07/01/44 2.07% 109.58 107.36
10 CONNECTICUT-F 3.25% 11/15/29 1.71% 111.36 109.49

Top 10 Losers

Showcases the top 10 Muni Bond “Losers” based on price movements between 7/9/21 – 7/16/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 SAN ANTONIO ELEC 5.81% 02/01/41 -2.89% 146.38 150.73
2 VIRGINIA ST HSG DEV A 2.65% 07/01/50 -2.63% 101.65 104.40
3 LOS ANGELES CCD-REF 2.11% 08/01/32 -2.49% 102.82 105.44
4 RHODE ISLAND ST HSG & 2.80% 04/01/45 -2.42% 102.68 105.23
5 LAKEWOOD WA WTR DIST 3.13% 12/01/48 -2.29% 108.87 111.42
6 BAY CITY-CTFS OBLIG 2.75% 09/01/45 -2.29% 104.30 106.74
7 NW HARRIS CO MUD#16 2.38% 10/01/46 -2.27% 99.03 101.33
8 GUNNISON CNTY CO COPS 4.00% 12/01/33 -2.00% 119.57 122.01
9 NASHUA -TXBL 1.40% 01/15/33 -1.99% 97.14 99.11
10 GETTYSBURG PA MUNI AU 5.00% 08/15/37 -1.88% 119.57 121.86

Top 10 State Winners

Showcases the top 10 Muni State “Winners” based on yield movements between 7/9/21 – 7/16/21

RANK STATE CHANGE YLD YLD-1W
1 OR -35 bps 1.60% 1.95%
2 VA -28 bps 1.30% 1.58%
3 CO -27 bps 1.33% 1.60%
4 WA -20 bps 1.65% 1.85%
5 FL -13 bps 1.27% 1.40%
6 MD -12 bps 1.33% 1.45%
7 NY -11 bps 1.45% 1.57%
8 KS -10 bps 2.32% 2.42%
9 MI -10 bps 1.76% 1.86%
10 UT -10 bps 1.15% 1.24%

Top 10 State Losers

Showcases the top 10 Muni State “Losers” based on yield movements between 7/9/21 – 7/16/21

RANK STATE CHANGE YLD YLD-1W
1 NV 37 bps 2.24% 1.87%
2 HI 37 bps 2.50% 2.13%
3 AZ 35 bps 1.77% 1.41%
4 LA 30 bps 1.79% 1.49%
5 DE 28 bps 1.32% 1.04%
6 NE 25 bps 1.80% 1.55%
7 SC 16 bps 1.72% 1.56%
8 IL 12 bps 2.16% 2.03%
9 MN 12 bps 1.70% 1.58%
10 MO 10 bps 1.77% 1.68%

10 Year Yield by State – All

Displays the average Muni 10 year yield by state between 7/9/21 – 7/16/21 (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 - 7.19.21

10 Year Yield by State – GO Only

Displays the average Muni 10 year yield by state between 7/9/21 – 7/16/21 (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 - 7.19.21

10 Year Yield by State – Rev Only

Displays the average Muni 10 year yield by state between 7/9/21 – 7/16/21 (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 - 7.19.21

Sentiment

Reveals the percent of Muni bonds increasing in price (advancers) vs. decreasing in price (decliners) between 7/9/21 – 7/16/21

Sentiment - 7.19.21

Top Quote Volume Movers: This Week vs Last Week

Exhibits the Munis with the largest increase in quote volume for the week ending 7/9/21 vs. the week ending 7/16/21

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 WISCONSIN-REF-2 5.00% 05/01/28 6 80 74 1233%
2 NY DORM AUTH-A 5.00% 03/15/27 20 74 54 270%
3 SNOHOMISH CNTY WA PUB 5.00% 12/01/46 27 80 53 196%
4 GODLEY ISD 3.00% 02/15/41 43 94 51 119%
5 WASHINGTON ST -D 4.00% 07/01/34 22 72 50 227%
6 MASSACHUSETTS ST DEV 5.00% 07/01/55 71 121 50 70%
7 PENNSYLVANIA ST TURNP 3.00% 12/01/42 20 69 49 245%
8 MET TRANSPRTN AUTH-A1 4.00% 11/15/48 10 58 48 480%
9 ROYSE CITY ISD 4.00% 02/15/51 38 86 48 126%
10 NYC HSG DEV CORP-F-1 2.10% 11/01/36 5 50 45 900%

Most Quoted Munis

Ranks the Munis that were quoted by the highest number of dealers between 7/9/21 – 7/16/21

RANK TRANCHE COUPON MATURITY DEALERS
1 IN FIN AUTH-REF-1 4.00% 10/01/36 30
2 WEST VIRGINIA ST PARK 4.00% 06/01/51 30
3 NYC MUNI WTR FIN-AA-1 4.00% 06/15/51 28
4 PORT OF SEATTLE WA-C 5.00% 08/01/46 28
5 IN FIN AUTH-REF-1 4.00% 10/01/35 25
6 MASSACHUSETTS ST DEV 5.00% 07/01/55 25
7 ALAMO CMNTY CLG DIST 4.00% 08/15/39 24
8 LIVONIA MI PUBLIC SD 4.00% 05/01/36 24
9 UPPER TRINITY REGL 3.00% 08/01/51 24
10 GEORGIA ST-A-1-REF 5.00% 07/01/29 24

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