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Municipal Bond Market Summary:
Week Ending 9/24/21

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 9/17/21 – 9/24/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 PR BLDG-I-GOVT FACS 5.00% 07/01/36 3.63% 97.15 93.75
2 CHICAGO-B-TXBL 6.03% 01/01/42 3.35% 130.63 126.40
3 GLOUCESTER -REF 2.00% 09/15/37 3.16% 102.05 98.92
4 CT ST HLTH EDU FACS 2.87% 07/01/51 2.42% 102.74 100.31
5 VA ST RESOURCES AUTH 2.00% 11/01/36 2.19% 97.82 95.73
6 CLARION AREA SD-REF 2.00% 06/01/31 1.86% 104.42 102.51
7 NEW JERSEY ST HLTH-A 3.51% 07/01/50 1.80% 106.06 104.18
8 CARVER CO CMNTY DEV 2.00% 02/01/39 1.64% 102.03 100.38
9 HAWAII ST-FZ 2.07% 08/01/35 1.53% 98.86 97.36
10 CHICAGO-B-REF-BAM-TCR 5.43% 01/01/42 1.31% 126.62 124.98

Top 10 Losers

Showcases the top 10 Muni Bond “Losers” based on price movements between 9/17/21 – 9/24/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 RHODE ISLAND TPK AUTH 3.46% 12/01/39 -3.02% 104.12 107.36
2 CALIFORNIA-B-BABS 6.51% 04/01/39 -3.01% 100.39 103.50
3 CAPITAL TRUST AGY FL 5.00% 01/01/56 -2.74% 115.10 118.34
4 NEW YORK ST URBAN DEV 4.00% 03/15/38 -2.62% 118.21 121.39
5 CSCDA CMNTY IMPT AUTH 3.00% 03/01/57 -2.46% 97.12 99.57
6 NJ HLTH CARE FACS FIN 2.38% 07/01/46 -2.29% 96.00 98.25
7 HACKENSACK 2.00% 09/01/40 -2.21% 95.44 97.60
8 WV PARKWAYS AUTH 3.75% 06/01/48 -2.13% 111.84 114.28
9 PENNSYLVANIA ST HGR E 3.73% 07/15/43 -2.13% 104.37 106.65
10 PENNSYLVANIA ST UNIV 2.25% 09/01/30 -2.13% 102.62 104.85

Top 10 State Winners

Showcases the top 10 Muni State “Winners” based on yield movements between 9/17/21 – 9/24/21

RANK STATE CHANGE YLD YLD-1W
1 NE -22 bps 1.57% 1.80%
2 OK -22 bps 1.74% 1.96%
3 MN -17 bps 1.86% 2.03%
4 IL -16 bps 2.15% 2.31%
5 NV -16 bps 1.50% 1.65%
6 CT -11 bps 2.07% 2.18%
7 KS -11 bps 1.96% 2.07%
8 GA -10 bps 1.53% 1.63%
9 WI -9 bps 2.09% 2.19%
10 MO -8 bps 2.15% 2.23%

Top 10 State Losers

Showcases the top 10 Muni State “Losers” based on yield movements between 9/17/21 – 9/24/21

RANK STATE CHANGE YLD YLD-1W
1 VA 22 bps 1.74% 1.52%
2 WV 19 bps 1.44% 1.25%
3 MI 16 bps 2.12% 1.96%
4 AL 13 bps 1.89% 1.75%
5 OR 13 bps 2.00% 1.88%
6 MA 12 bps 2.41% 2.29%
7 NJ 12 bps 2.40% 2.28%
8 MD 11 bps 1.76% 1.65%
9 CO 11 bps 1.56% 1.45%
10 DE 10 bps 1.51% 1.41%

10 Year Yield by State – All

Displays the average Muni 10 year yield by state between 9/17/21 – 9/24/21 (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 9/17/21 – 9/24/21 (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 9/17/21 – 9/24/21 (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 9/17/21 – 9/24/21

Top Quote Volume Movers: This Week vs Last Week

Exhibits the Munis with the largest increase in quote volume for the week ending 9/17/21 vs. the week ending 9/24/21

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 SAN DIEGO PUB FACS-A 5.00% 10/15/34 2 57 55 2750%
2 PERRIS UN HSD-C 4.00% 09/01/34 2 56 54 2700%
3 PERRIS CA UNION HSD-A 4.00% 09/01/36 2 56 54 2700%
4 PERRIS CA UNION HSD-A 4.00% 09/01/37 2 56 54 2700%
5 SAN FRANCISCO CA BAY 4.00% 08/01/35 4 57 53 1325%
6 NY ST THRUWAY AUTH PE 5.00% 03/15/31 17 68 51 300%
7 SAN LEANDRO UNIF SD 4.00% 08/01/34 2 52 50 2500%
8 SAN FRANCISCO CA BAY 4.00% 08/01/34 12 62 50 417%
9 PARAMOUNT USD -C-REF 4.00% 08/01/38 9 58 49 544%
10 W VLY-MISSION CLG-A 4.00% 08/01/34 2 51 49 2450%

Most Quoted Munis

Ranks the Munis that were quoted by the highest number of dealers between 9/17/21 – 9/24/21

RANK TRANCHE COUPON MATURITY DEALERS
1 CA HLTH FACS-A2 5.00% 11/01/47 28
2 WASHINGTON ST -A 5.00% 08/01/40 28
3 MARYLAND ST 2ND SER A 5.00% 08/01/34 27
4 NEW YORK -A-1 5.00% 08/01/47 27
5 TN ENERGY ACQ CORP-A 5.00% 05/01/52 27
6 NEW JERSEY ST-A 5.00% 06/01/28 26
7 PA ECON DEV FING-A 4.00% 10/15/51 22
8 LA CA DEPT OF ARPTS 5.00% 05/15/31 22
9 TRIBOROUGH BRIDGE-B-1 5.00% 05/15/56 22
10 WASHINGTON ST -C 5.00% 02/01/38 21

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