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Municipal Bond Market Summary:
Week Ending 10/8/21

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 10/1/21 – 10/8/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 RIVERSIDE CNTY CA PUB 4.13% 11/01/40 2.50% 114.22 111.43
2 MAINE ST HSG AUTH #2 2.32% 06/15/33 1.46% 100.09 98.65
3 NY TRAN AUTH-A2-TXBL 2.15% 05/01/25 1.34% 105.81 104.40
4 PR PUB BLDG-U-REF 5.25% 07/01/42 1.26% 93.48 92.31
5 BEDFORD WTRWKS 3.50% 06/01/32 1.25% 113.71 112.30
6 IL ST FIN AUTH-A-REF 4.00% 10/01/40 1.08% 112.56 111.35
7 LONG BCH NAT GAS-A 5.00% 11/15/35 1.06% 135.35 133.93
8 REEDY CREEK FL IMPT D 2.05% 06/01/28 1.03% 103.46 102.40
9 IN FIN AUTH-B-REMK 2.50% 11/01/30 1.02% 102.38 101.35
10 LOUISIANA ST -REF-C-1 1.92% 06/01/33 0.96% 99.07 98.13

Top 10 Losers

Showcases the top 10 Muni Bond “Losers” based on price movements between 10/1/21 – 10/8/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 HWY 380 MUNI MGMT DT 2.00% 05/01/35 -3.87% 93.37 97.13
2 PUB IMPT-SER A-PSA 6.13% 07/01/33 -3.53% 91.54 94.89
3 WISCONSIN ST HLTH 3.13% 12/15/49 -3.36% 103.19 106.78
4 HARRIS CO MUD#495-A 2.13% 09/01/41 -3.32% 90.64 93.75
5 ALTOONA AREA SD-A-REF 1.88% 12/01/31 -3.31% 97.68 101.03
6 PORT AUTH-174TH 4.46% 10/01/62 -3.21% 132.42 136.82
7 PENNSYLVANIA ST TURNP 4.00% 12/01/39 -3.18% 117.65 121.52
8 PA HSG FIN AGY-125B 3.70% 10/01/47 -2.96% 103.95 107.13
9 MARYLAND ST CMNTY DEV 2.00% 09/01/43 -2.83% 95.50 98.29
10 MANSFIELD ISD 1.70% 02/15/31 -2.82% 99.31 102.18

Top 10 State Winners

Showcases the top 10 Muni State “Winners” based on yield movements between 10/1/21 – 10/8/21

RANK STATE CHANGE YLD YLD-1W
1 AL -30 bps 1.88% 2.17%
2 UT -17 bps 1.71% 1.89%
3 KS -16 bps 2.38% 2.53%
4 TN -13 bps 1.98% 2.12%
5 WI -10 bps 2.17% 2.27%
6 VA -6 bps 1.64% 1.71%
7 NH -6 bps 1.53% 1.59%
8 HI -5 bps 2.68% 2.73%
9 DE -5 bps 1.52% 1.57%
10 MO -4 bps 2.14% 2.18%

Top 10 State Losers

Showcases the top 10 Muni State “Losers” based on yield movements between 10/1/21 – 10/8/21

RANK STATE CHANGE YLD YLD-1W
1 MI 51 bps 2.30% 1.79%
2 OR 44 bps 2.22% 1.79%
3 NJ 32 bps 2.43% 2.12%
4 NE 30 bps 1.89% 1.59%
5 LA 27 bps 2.53% 2.26%
6 MD 26 bps 1.98% 1.72%
7 PA 18 bps 2.49% 2.31%
8 CO 18 bps 1.69% 1.51%
9 NY 10 bps 2.17% 2.06%
10 MS 10 bps 1.82% 1.72%

10 Year Yield by State – All

Displays the average Muni 10 year yield by state between 10/1/21 – 10/8/21 (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 10/1/21 – 10/8/21 (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 10/1/21 – 10/8/21 (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 10/1/21 – 10/8/21

Top Quote Volume Movers: This Week vs Last Week

Exhibits the Munis with the largest increase in quote volume for the week ending 10/1/21 vs. the week ending 10/8/21

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 WASHINGTON SUBURBAN 3.00% 06/01/48 13 66 53 408%
2 NYC TRANSITIONAL-S-1A 4.00% 07/15/34 13 62 49 377%
3 OREGON ST -N -REF 5.00% 08/01/26 9 54 45 500%
4 NEW YORK ST PWR AUTH 4.00% 11/15/55 65 105 40 62%
5 HOUSTON-A-AMT-REV 4.00% 07/01/46 37 74 37 100%
6 LONG BEACH CA CCD-H 2.69% 08/01/32 6 42 36 600%
7 LOS ANGELES CMNTY CLG 4.00% 08/01/38 55 89 34 62%
8 LOUISIANA ST -REF-C-1 1.92% 06/01/33 3 37 34 1133%
9 MIAMI-DADE CNTY FL AV 5.00% 10/01/41 18 50 32 178%
10 NYC TRANSITIONAL FIN 5.00% 08/01/26 13 45 32 246%

Most Quoted Munis

Ranks the Munis that were quoted by the highest number of dealers between 10/1/21 – 10/8/21

RANK TRANCHE COUPON MATURITY DEALERS
1 NEW YORK -A-1 5.00% 08/01/47 31
2 MARYLAND ST 2ND SER A 5.00% 08/01/34 28
3 CALIFORNIA ST 4.00% 10/01/37 27
4 NEW JERSEY ST-A 5.00% 06/01/28 26
5 CALIFORNIA ST 4.00% 10/01/36 26
6 CA HLTH FACS-A2 5.00% 11/01/47 25
7 CALIFORNIA ST-REF 4.00% 10/01/41 24
8 NYC MUNI WTR FIN-BB-1 4.00% 06/15/45 24
9 PENNSYLVANIA ST TURNP 4.00% 12/01/46 23
10 CALIFORNIA ST 4.00% 10/01/39 23

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