Municipals
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Municipal Bond Market Summary:
Week Ending 3/4/22
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 2/25/22 – 3/4/22
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | TX HOUHGR 2.06 02/15/2036 | 2.06% | 02/15/36 | 3.27% | 92.70 | 89.76 |
| 2 | AR LKSSCD 1.9 04/01/2039 | 1.90% | 04/01/39 | 3.03% | 91.07 | 88.39 |
| 3 | OH CLHSCD 0 12/01/2037 | 0.00% | 12/01/37 | 2.91% | 59.43 | 57.75 |
| 4 | VA POR 2.4 07/15/2039 | 2.40% | 07/15/39 | 2.84% | 93.23 | 90.65 |
| 5 | CA IDCGEN 3.2 06/15/2056 | 3.20% | 06/15/56 | 2.75% | 93.30 | 90.80 |
| 6 | IL COOSCD 2.68 12/01/2036 | 2.68% | 12/01/36 | 2.71% | 94.47 | 91.98 |
| 7 | MI MISFIN 3 11/01/2036 | 3.00% | 11/01/36 | 2.65% | 99.04 | 96.48 |
| 8 | CA MOJSCD 2.73 08/01/2037 | 2.73% | 08/01/37 | 2.63% | 99.16 | 96.61 |
| 9 | TX ALMGEN 2.98 06/15/2036 | 2.98% | 06/15/36 | 2.60% | 99.98 | 97.44 |
| 10 | CA TUSEDU 2.25 08/01/2036 | 2.25% | 08/01/36 | 2.57% | 94.15 | 91.80 |
Top 10 Losers
Showcases the top 10 Muni Bond “Losers” based on price movements between 2/25/22 – 3/4/22
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | DC DISHGR 5 04/01/2033 | 5.00% | 04/01/33 | -6.45% | 113.72 | 121.56 |
| 2 | OH OHSHGR 3.8 12/01/2046 | 3.80% | 12/01/46 | -5.39% | 107.10 | 113.20 |
| 3 | IL CHI 5.43 01/01/2042 | 5.43% | 01/01/42 | -5.21% | 116.61 | 123.01 |
| 4 | TX TXS 5 08/01/2025 | 5.00% | 08/01/25 | -5.09% | 111.94 | 117.94 |
| 5 | TX ARLEDU 2.12 08/15/2050 | 2.13% | 08/15/50 | -5.07% | 79.99 | 84.26 |
| 6 | KY LEXFAC 2.6 09/01/2053 | 2.60% | 09/01/53 | -4.89% | 78.87 | 82.93 |
| 7 | PA MLNSCD 2.4 09/01/2046 | 2.40% | 09/01/46 | -4.07% | 88.60 | 92.36 |
| 8 | MO MOSMED 3.65 01/15/2046 | 3.65% | 01/15/46 | -3.86% | 106.07 | 110.33 |
| 9 | NH NHMBBK 2.5 02/15/2051 | 2.50% | 02/15/51 | -3.75% | 90.96 | 94.50 |
| 10 | TX CEASCD 3 02/15/2051 | 3.00% | 02/15/51 | -3.61% | 98.64 | 102.34 |
Top 10 State Winners
Showcases the top 10 Muni State “Winners” based on yield movements between 2/25/22 – 3/4/22
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | TN | -32 bps | 2.07% | 2.39% |
| 2 | NV | -23 bps | 2.14% | 2.36% |
| 3 | CO | -20 bps | 2.49% | 2.69% |
| 4 | FL | -19 bps | 2.21% | 2.40% |
| 5 | SC | -14 bps | 2.35% | 2.49% |
| 6 | PA | -8 bps | 2.48% | 2.55% |
| 7 | WV | -7 bps | 1.94% | 2.00% |
| 8 | MT | -6 bps | 2.17% | 2.23% |
| 9 | NJ | -3 bps | 2.50% | 2.53% |
| 10 | MS | -3 bps | 2.23% | 2.25% |
Top 10 State Losers
Showcases the top 10 Muni State “Losers” based on yield movements between 2/25/22 – 3/4/22
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | DC | 24 bps | 2.96% | 2.72% |
| 2 | HI | 17 bps | 2.67% | 2.50% |
| 3 | OH | 16 bps | 2.08% | 1.92% |
| 4 | MA | 16 bps | 2.68% | 2.53% |
| 5 | IL | 14 bps | 3.21% | 3.07% |
| 6 | MD | 14 bps | 2.17% | 2.03% |
| 7 | NE | 13 bps | 2.23% | 2.10% |
| 8 | UT | 10 bps | 2.11% | 2.01% |
| 9 | NC | 10 bps | 2.10% | 2.00% |
| 10 | OR | 10 bps | 2.43% | 2.33% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 2/25/22 – 3/4/22 (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 2/25/22 – 3/4/22 (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 2/25/22 – 3/4/22 (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 2/25/22 – 3/4/22
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 2/25/22 vs. the week ending 3/4/22
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | TX TXSTRN 5 08/01/2057 | 5.00% | 08/01/57 | 18 | 108 | 90 | 500% |
| 2 | TX WACSCD 4 08/15/2047 | 4.00% | 08/15/47 | 28 | 107 | 79 | 282% |
| 3 | NY NYCGEN 4 02/01/2046 | 4.00% | 02/01/46 | 97 | 162 | 65 | 67% |
| 4 | PA PHIUTL 5 08/01/2047 | 5.00% | 08/01/47 | 4 | 67 | 63 | 1575% |
| 5 | MA WOR 5 02/15/2028 | 5.00% | 02/15/28 | 5 | 61 | 56 | 1120% |
| 6 | CT CTS 3 06/01/2025 | 3.00% | 06/01/25 | 25 | 80 | 55 | 220% |
| 7 | GA CRV 5 10/01/2028 | 5.00% | 10/01/28 | 28 | 79 | 51 | 182% |
| 8 | TX WACSCD 4 08/15/2042 | 4.00% | 08/15/42 | 27 | 76 | 49 | 181% |
| 9 | WA WAS 5 08/01/2032 | 5.00% | 08/01/32 | 38 | 85 | 47 | 124% |
| 10 | OH OHSTRN 5 02/15/2030 | 5.00% | 02/15/30 | 13 | 60 | 47 | 362% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 2/25/22 – 3/4/22
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | NY NYCGEN 4 02/01/2046 | 4.00% | 02/01/46 | 33 |
| 2 | NY TRBTRN 4 05/15/2051 | 4.00% | 05/15/51 | 29 |
| 3 | CA LOSUTL 5 07/01/2051 | 5.00% | 07/01/51 | 28 |
| 4 | WA WAS 5 02/01/2046 | 5.00% | 02/01/46 | 28 |
| 5 | FL ORAMED 4 10/01/2052 | 4.00% | 10/01/52 | 28 |
| 6 | AZ SALAGR 5 01/01/2032 | 5.00% | 01/01/32 | 27 |
| 7 | NY NYCDEV 4 02/15/2043 | 4.00% | 02/15/43 | 26 |
| 8 | NY NYCUTL 5 06/15/2052 | 5.00% | 06/15/52 | 26 |
| 9 | CA CASFIN 3 02/01/2046 | 3.00% | 02/01/46 | 25 |
| 10 | TX WACSCD 4 08/15/2047 | 4.00% | 08/15/47 | 25 |
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