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Municipal Bond Market Summary:
Week Ending 1/14/22

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 1/7/22 – 1/14/22

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 PR PRC 5.5 07/01/2018 5.50% 07/01/18 3.85% 101.25 97.50
2 NY NYCUTL 5.75 06/15/2041 5.75% 06/15/41 2.68% 144.17 140.41
3 PA PSUHGR 2.84 09/01/2050 2.84% 09/01/50 2.42% 99.02 96.68
4 OH JOBGEN 2.83 01/01/2038 2.83% 01/01/38 2.09% 101.32 99.24
5 GA ATL 2.39 12/01/2034 2.39% 12/01/34 1.98% 100.40 98.45
6 MI MIS 2.02 05/15/2034 2.02% 05/15/34 1.77% 97.69 95.99
7 IL CHI 6.21 01/01/2036 6.21% 01/01/36 1.76% 120.17 118.10
8 TX TXSHGR 2.75 02/15/2040 2.75% 02/15/40 1.71% 100.58 98.89
9 NC DHMGEN 2.43 12/01/2029 2.43% 12/01/29 1.59% 102.75 101.14
10 TX WACEDU 2.21 03/01/2032 2.21% 03/01/32 1.51% 98.78 97.31

Top 10 Losers

Showcases the top 10 Muni Bond “Losers” based on price movements between 1/7/22 – 1/14/22

RANK BOND NAME COUPON MATURITY CHANGE PX PX-1W
1 MA MASDEV 5 07/01/2055 5.00% 07/01/55 -5.09% 155.59 163.93
2 CA SFO 2.6 06/15/2037 2.60% 06/15/37 -4.53% 97.24 101.86
3 CA CHASCD 3.01 08/01/2045 3.01% 08/01/45 -4.45% 97.10 101.62
4 IL MPNFAC 0 06/15/2047 0.00% 06/15/47 -4.24% 47.94 50.06
5 OR LANSCD 0 06/15/2042 0.00% 06/15/42 -3.73% 59.75 62.07
6 CA MNLWTR 2 09/01/2039 2.00% 09/01/39 -3.71% 94.22 97.85
7 TX PTBTRN 3 01/01/2050 3.00% 01/01/50 -3.57% 95.89 99.44
8 IL STSGEN 3.59 01/01/2043 3.59% 01/01/43 -3.45% 102.15 105.80
9 CA OCESCD 0 08/01/2044 0.00% 08/01/44 -3.41% 54.64 56.57
10 PA MONHGR 5 09/01/2032 5.00% 09/01/32 -3.23% 123.23 127.34

Top 10 State Winners

Showcases the top 10 Muni State “Winners” based on yield movements between 1/7/22 – 1/14/22

RANK STATE CHANGE YLD YLD-1W
1 MO -38 bps 1.74% 2.12%
2 NJ -20 bps 1.83% 2.03%
3 FL -19 bps 1.87% 2.06%
4 KS -19 bps 2.09% 2.28%
5 NH -13 bps 1.59% 1.72%
6 NY -8 bps 2.07% 2.15%
7 NC -7 bps 1.43% 1.51%
8 CT -5 bps 2.34% 2.39%
9 VA -3 bps 1.74% 1.77%
10 IL -2 bps 2.72% 2.74%

Top 10 State Losers

Showcases the top 10 Muni State “Losers” based on yield movements between 1/7/22 – 1/14/22

RANK STATE CHANGE YLD YLD-1W
1 DC 68 bps 2.66% 1.98%
2 MN 31 bps 2.28% 1.97%
3 MS 29 bps 1.86% 1.57%
4 WA 25 bps 2.35% 2.10%
5 PA 23 bps 2.42% 2.19%
6 MD 16 bps 1.91% 1.75%
7 OH 15 bps 2.03% 1.88%
8 HI 14 bps 2.02% 1.88%
9 WI 13 bps 2.13% 2.00%
10 TX 13 bps 2.35% 2.22%

10 Year Yield by State – All

Displays the average Muni 10 year yield by state between 1/7/22 – 1/14/22 (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 1/7/22 – 1/14/22 (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 1/7/22 – 1/14/22 (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 1/7/22 – 1/14/22

Top Quote Volume Movers: This Week vs Last Week

Exhibits the Munis with the largest increase in quote volume for the week ending 1/7/22 vs. the week ending 1/14/22

RANK TRANCHE COUPON MATURITY PRIOR WEEK THIS WEEK INCREASE % INCREASE
1 CA CASMED 5 11/15/2038 5.00% 11/15/38 5 61 56 1120%
2 CA BAYTRN 3.18 04/01/2041 3.18% 04/01/41 12 62 50 417%
3 CO COSMED 5 01/01/2026 5.00% 01/01/26 16 65 49 306%
4 TX SANUTL 5 02/01/2046 5.00% 02/01/46 7 55 48 686%
5 HI HIS 2.42 10/01/2034 2.42% 10/01/34 2 49 47 2350%
6 CA SFOSCD 4 06/15/2027 4.00% 06/15/27 18 64 46 256%
7 NJ EDI 3 03/15/2033 3.00% 03/15/33 9 53 44 489%
8 HI HIS 2.19 10/01/2032 2.19% 10/01/32 6 49 43 717%
9 IL ILS 5 11/01/2028 5.00% 11/01/28 28 71 43 154%
10 TX BEX 2.27 06/15/2033 2.27% 06/15/33 14 55 41 293%

Most Quoted Munis

Ranks the Munis that were quoted by the highest number of dealers between 1/7/22 – 1/14/22

RANK TRANCHE COUPON MATURITY DEALERS
1 IL ILSTRN 4 01/01/2046 4.00% 01/01/46 27
2 UT UNIHGR 4 08/01/2051 4.00% 08/01/51 26
3 OR ORSHGR 4 07/01/2051 4.00% 07/01/51 24
4 CA LOSHGR 4 08/01/2036 4.00% 08/01/36 23
5 CA LOSUTL 5 07/01/2048 5.00% 07/01/48 22
6 VA VASHSG 2.38 12/01/2041 2.38% 12/01/41 22
7 AL BBEUTL 10/01/2052 4.00% 10/01/52 21
8 CA CAS 4 11/01/2035 4.00% 11/01/35 21
9 NY NYCDEV 4 02/15/2043 4.00% 02/15/43 21
10 VA LNCMED 4 01/01/2040 4.00% 01/01/40 21

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