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Municipal Bond Market Summary:
Week Ending 10/22/21

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 10/15/21 – 10/22/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 ST HELENS 4.00% 08/01/35 3.79% 126.68 122.05
2 WA ST HLTH CARE FACS 5.00% 08/01/38 1.39% 123.72 122.03
3 WHEATON -TXBL 2.33% 12/01/33 1.38% 100.99 99.62
4 CONTRA COSTA CNTY CA 4.00% 06/01/40 1.18% 119.72 118.32
5 LONG BEACH CLG DIST-B 4.00% 08/01/41 1.12% 113.09 111.84
6 WISCONSIN-A-REF-TXBL 3.95% 05/01/36 1.08% 111.32 110.14
7 TRIBORO BRDG-BABS-A2 5.45% 11/15/32 0.94% 127.69 126.50
8 WEST ORANGE COVE ISD 3.00% 02/15/32 0.77% 110.42 109.57
9 FLORIDA ST MUNI PWR A 3.00% 10/01/33 0.77% 110.60 109.76
10 KING CO PUB HOSP #2 4.00% 12/01/37 0.72% 110.87 110.08

Top 10 Losers

Showcases the top 10 Muni Bond “Losers” based on price movements between 10/15/21 – 10/22/21

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 NEWPORT MESA USD-CABS 0.00% 08/01/31 -5.07% 80.60 84.90
2 MIDDLEBOROUGH TWN 2.35% 10/01/49 -4.90% 92.29 97.04
3 MET PIER 0.00% 06/15/46 -3.74% 49.38 51.30
4 NEW YORK-A-A-1 4.00% 08/01/42 -3.57% 113.73 117.94
5 NEW YORK CITY NY TRAN 5.00% 11/01/36 -3.02% 125.81 129.73
6 PEACHTREE CORNERS GA 4.00% 07/01/29 -3.02% 121.32 125.09
7 RIVER VALE TWP BOE 2.00% 06/15/40 -3.01% 92.41 95.28
8 MO JT MUN ELEC-BABS 7.73% 01/01/39 -2.98% 155.74 160.53
9 VA ST CMWLTH UNIV-A 4.96% 01/01/44 -2.88% 131.10 134.98
10 MIAMI-DADE COUNTY-REV 4.00% 10/01/41 -2.75% 118.24 121.59

Top 10 State Winners

Showcases the top 10 Muni State “Winners” based on yield movements between 10/15/21 – 10/22/21

RANK STATE CHANGE YLD YLD-1W
1 NJ -41 bps 1.93% 2.34%
2 PA -12 bps 2.30% 2.42%
3 IL -5 bps 2.47% 2.52%
4 WV -1 bps 1.62% 1.63%
5 CO 15 bps 1.82% 1.67%
6 CT 16 bps 2.37% 2.21%
7 NE 17 bps 1.85% 1.67%
8 OR 18 bps 2.05% 1.87%
9 FL 18 bps 1.93% 1.75%
10 MD 19 bps 1.68% 1.49%

Top 10 State Losers

Showcases the top 10 Muni State “Losers” based on yield movements between 10/15/21 – 10/22/21

RANK STATE CHANGE YLD YLD-1W
1 KS 105 bps 2.39% 1.34%
2 HI 75 bps 2.42% 1.67%
3 WI 66 bps 2.16% 1.50%
4 TN 65 bps 2.15% 1.50%
5 MO 62 bps 2.47% 1.85%
6 IA 55 bps 2.03% 1.47%
7 LA 54 bps 2.50% 1.95%
8 AL 51 bps 2.13% 1.62%
9 WA 49 bps 2.23% 1.74%
10 SC 47 bps 1.93% 1.46%

10 Year Yield by State – All

Displays the average Muni 10 year yield by state between 10/15/21 – 10/22/21 (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 10/15/21 – 10/22/21 (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 10/15/21 – 10/22/21 (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 10/15/21 – 10/22/21

Top Quote Volume Movers: This Week vs Last Week

Exhibits the Munis with the largest increase in quote volume for the week ending 10/15/21 vs. the week ending 10/22/21

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 NYC MUNI WTR FIN-BB-1 5.00% 06/15/44 50 107 57 114%
2 NASHVILLE DAVIDSON-C 3.00% 01/01/34 7 55 48 686%
3 LOS ANGELES-A 5.00% 07/01/24 28 69 41 146%
4 NEW YORK ST DORM AUTH 5.00% 10/01/50 38 75 37 97%
5 LOWER COLORADO RIVER 5.00% 05/15/51 1 38 37 3700%
6 OHIO ST WTR DEV AUTH 5.00% 12/01/39 15 50 35 233%
7 WINDLER PUB IMPT AUTH 4.00% 12/01/41 20 54 34 170%
8 SAN MATEO-FOSTER-B 5.00% 08/01/25 10 43 33 330%
9 OHIO ST WTR DEV AUTH 5.00% 12/01/38 17 50 33 194%
10 GA ST ROAD & TOLLWY 5.00% 06/01/25 6 39 33 550%

Most Quoted Munis

Ranks the Munis that were quoted by the highest number of dealers between 10/15/21 – 10/22/21

RANK TRANCHE COUPON MATURITY DEALERS
1 NYC MUNI WTR FIN-BB-1 4.00% 06/15/45 28
2 CALIFORNIA ST-REF 5.00% 09/01/29 27
3 CALIFORNIA ST 4.00% 10/01/37 27
4 NEW YORK -A-1 5.00% 08/01/47 26
5 CALIFORNIA ST 4.00% 10/01/36 26
6 TN ENERGY ACQ CORP-A 5.00% 05/01/52 25
7 NYC MUNI WTR FIN-BB-1 5.00% 06/15/44 25
8 CALIFORNIA ST-REF 4.00% 10/01/41 25
9 CALIFORNIA ST 4.00% 10/01/39 25
10 LOS ANGELES DEPT OF 5.00% 05/15/46 24

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