Municipals
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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.
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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