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Municipal Bond Market Summary:
Week Ending 9/17/21

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 9/10/21 – 9/17/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 BAPTIST HLTH-A-TXBL 5.50% 11/15/43 2.99% 133.26 129.38
2 PR-REF-A 5.00% 07/01/21 2.95% 82.61 80.25
3 SALES TAX SECURITIZAT 3.82% 01/01/48 2.72% 116.80 113.70
4 VINTON-TECUMSEH SCH-A 3.13% 07/15/37 1.94% 110.23 108.13
5 LANCASTER SCH DT-A 2.84% 08/01/38 1.54% 102.04 100.50
6 PALM SPRINGS USD-REF 4.00% 08/01/30 1.51% 116.63 114.90
7 MICHIGAN ST UNIV-A 4.50% 08/15/48 1.50% 117.00 115.28
8 UNIV OF VIRGINIA VA U 2.58% 11/01/51 1.43% 103.66 102.20
9 PERRIS UN HSD-C 4.00% 09/01/35 1.42% 123.53 121.80
10 GIRARD SD-B-REF-TXBL 3.01% 11/15/44 1.40% 104.42 102.98

Top 10 Losers

Showcases the top 10 Muni Bond “Losers” based on price movements between 9/10/21 – 9/17/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 NEW YORK CITY NY INDL 2.34% 01/01/35 -5.91% 93.34 99.21
2 TAMPA-HILLSBOROUGH 2.69% 07/01/37 -2.92% 99.12 102.10
3 WYANDOTTE CO UNIF-B 2.68% 09/01/37 -2.54% 99.43 102.03
4 GEORGIA ST -B -GROUP 1.80% 08/01/37 -2.26% 96.78 99.02
5 HOT SPRINGS AR WTR RE 4.00% 10/01/30 -2.13% 125.68 128.41
6 NEW ORLEANS LA WTR RE 2.14% 12/01/33 -1.96% 98.85 100.83
7 BETHEL SD #52-A-CABS 0.00% 06/15/45 -1.93% 55.04 56.12
8 WILKES-BARRE PA AREA 4.00% 04/15/49 -1.90% 114.92 117.15
9 DUTCHESS CO LOC DEV C 2.00% 09/01/36 -1.67% 98.11 99.78
10 PETALUMA PUB FIN AUTH 2.00% 05/01/40 -1.56% 96.54 98.07

Top 10 State Winners

Showcases the top 10 Muni State “Winners” based on yield movements between 9/10/21 – 9/17/21

RANK STATE CHANGE YLD YLD-1W
1 WI -27 bps 2.23% 2.49%
2 MD -24 bps 1.65% 1.90%
3 DC -22 bps 1.90% 2.12%
4 WV -14 bps 1.25% 1.39%
5 AL -7 bps 1.75% 1.83%
6 NV -7 bps 1.65% 1.72%
7 CO -7 bps 1.46% 1.53%
8 TX -5 bps 2.19% 2.24%
9 MS -3 bps 1.52% 1.55%
10 NH -2 bps 1.53% 1.54%

Top 10 State Losers

Showcases the top 10 Muni State “Losers” based on yield movements between 9/10/21 – 9/17/21

RANK STATE CHANGE YLD YLD-1W
1 NJ 45 bps 2.28% 1.84%
2 WA 38 bps 2.31% 1.93%
3 KS 37 bps 2.07% 1.70%
4 MN 32 bps 2.03% 1.71%
5 GA 30 bps 1.65% 1.35%
6 OK 27 bps 2.00% 1.73%
7 IL 22 bps 2.30% 2.08%
8 PA 17 bps 2.25% 2.08%
9 CT 16 bps 2.18% 2.03%
10 MI 15 bps 1.96% 1.81%

10 Year Yield by State – All

Displays the average Muni 10 year yield by state between 9/10/21 – 9/17/21 (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 9/10/21 – 9/17/21 (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 9/10/21 – 9/17/21 (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 9/10/21 – 9/17/21

Top Quote Volume Movers: This Week vs Last Week

Exhibits the Munis with the largest increase in quote volume for the week ending 9/10/21 vs. the week ending 9/17/21

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 MET WASHINGTON DC ARP 4.00% 10/01/38 6 53 47 783%
2 MIAMI DADE CNTY-A 4.00% 07/01/37 35 80 45 129%
3 TEXAS ST PRIV ACTIVIT 4.00% 06/30/40 5 48 43 860%
4 MARYLAND ST ECON DEV 4.00% 09/01/50 15 56 41 273%
5 MIAMI DADE CNTY-A 4.00% 07/01/34 34 75 41 121%
6 NEW YORK NY 5.00% 03/01/36 27 66 39 144%
7 CONNECTICUT ST HSG FI 2.00% 11/15/36 51 90 39 76%
8 CONNECTICUT ST HSG FI 2.00% 11/15/36 47 85 38 81%
9 FLORIDA ST DOT-A-REF 4.00% 07/01/32 6 44 38 633%
10 CALIFORNIA ST HLTH FA 2.13% 11/01/41 4 42 38 950%

Most Quoted Munis

Ranks the Munis that were quoted by the highest number of dealers between 9/10/21 – 9/17/21

RANK TRANCHE COUPON MATURITY DEALERS
1 CA HLTH FACS-A2 5.00% 11/01/47 27
2 NEW JERSEY ST-A 5.00% 06/01/28 27
3 TN ENERGY ACQ CORP-A 5.00% 05/01/52 26
4 NYC MUNI WTR FIN-AA-1 4.00% 06/15/51 25
5 ILLINOIS ST FIN AUTH 4.00% 07/01/37 24
6 NORFOLK -A 5.00% 03/01/33 24
7 WASHINGTON ST -A 5.00% 08/01/40 24
8 MET WASHINGTON DC ARP 4.00% 10/01/51 22
9 CALIFORNIA ST HLTH FA 4.00% 04/01/45 22
10 NYC TRANSITIONAL-S-1A 4.00% 07/15/37 22

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