Municipals
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Municipal Bond Market Summary:
Week Ending 4/1/22
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 3/25/22 – 4/1/22
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | MI UNVHGR 4.45 04/01/2122 | 4.45% | 04/01/22 | 3.85% | 108.95 | 104.91 |
| 2 | IL STSGEN 3.24 01/01/2042 | 3.24% | 01/01/42 | 3.55% | 92.36 | 89.19 |
| 3 | CA UNVHGR 3.01 05/15/2050 | 3.01% | 05/15/50 | 2.73% | 87.25 | 84.94 |
| 4 | NY NYCMFH 3.15 11/01/2054 | 3.15% | 11/01/54 | 2.59% | 91.51 | 89.20 |
| 5 | VA RKGDEV 3.00 11/01/2046 | 3.00% | 11/01/46 | 2.50% | 94.90 | 92.58 |
| 6 | CA PALSCD 2.95 08/01/2047 | 2.95% | 08/01/47 | 2.48% | 90.30 | 88.12 |
| 7 | MI MISHGR 4.17 08/15/2122 | 4.17% | 08/15/22 | 2.07% | 97.45 | 95.47 |
| 8 | CA SLSWTR 2.63 03/01/2035 | 2.63% | 03/01/35 | 1.99% | 86.96 | 85.26 |
| 9 | MI MISFIN 3.38 12/01/2040 | 3.38% | 12/01/40 | 1.88% | 95.42 | 93.66 |
| 10 | CO COSMED 4.27 09/01/2039 | 4.27% | 09/01/39 | 1.76% | 101.36 | 99.61 |
Top 10 Losers
Showcases the top 10 Muni Bond “Losers” based on price movements between 3/25/22 – 4/1/22
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | KS KS DICSCD 2 09/01/2038 2.40 09/01/2047 | 2.40% | 09/01/47 | -8.72% | 81.59 | 89.38 |
| 2 | VA VASHSG 3.06 06/01/2056 | 3.06% | 06/01/56 | -5.60% | 87.40 | 92.58 |
| 3 | CA GLDGEN 2.79 06/01/2031 | 2.79% | 06/01/31 | -5.14% | 92.00 | 96.98 |
| 4 | MA EVE 2.90 01/15/2042 | 2.90% | 01/15/42 | -5.01% | 85.85 | 90.37 |
| 5 | IN SPEUTL 6.51 02/01/2035 | 6.51% | 02/01/35 | -4.92% | 118.93 | 125.08 |
| 6 | IL NORPWR 7.82 01/01/2040 | 7.82% | 01/01/40 | -4.77% | 130.62 | 137.16 |
| 7 | NM NMSHSG 2.35 07/01/2051 | 2.35% | 07/01/51 | -4.72% | 82.42 | 86.51 |
| 8 | ME MESHSG 2.98 11/15/2036 | 2.98% | 11/15/36 | -4.70% | 92.46 | 97.02 |
| 9 | NV CLATRN 2.00 07/01/2040 | 2.00% | 07/01/40 | -4.68% | 81.03 | 85.00 |
| 10 | CA CAS 5.00 03/01/2034 | 5.00% | 03/01/34 | -4.62% | 117.87 | 123.58 |
Top 10 State Winners
Showcases the top 10 Muni State “Winners” based on yield movements between 3/25/22 – 4/1/22
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | OH | -25 bps | 2.72% | 2.96% |
| 2 | SC | -12 bps | 2.58% | 2.70% |
| 3 | DC | -10 bps | 2.90% | 3.00% |
| 4 | IA | -10 bps | 2.70% | 2.80% |
| 5 | NE | -7 bps | 2.64% | 2.70% |
| 6 | PA | -6 bps | 3.12% | 3.18% |
| 7 | NJ | -5 bps | 3.15% | 3.20% |
| 8 | NC | -4 bps | 2.30% | 2.34% |
| 9 | VA | -4 bps | 2.55% | 2.59% |
| 10 | LA | -3 bps | 2.90% | 2.93% |
Top 10 State Losers
Showcases the top 10 Muni State “Losers” based on yield movements between 3/25/22 – 4/1/22
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | AL | 44 bps | 3.19% | 2.74% |
| 2 | MA | 26 bps | 3.05% | 2.79% |
| 3 | CO | 22 bps | 2.96% | 2.74% |
| 4 | AZ | 22 bps | 2.76% | 2.55% |
| 5 | MO | 18 bps | 2.99% | 2.81% |
| 6 | MD | 16 bps | 2.71% | 2.56% |
| 7 | UT | 12 bps | 2.49% | 2.37% |
| 8 | CA | 12 bps | 3.05% | 2.93% |
| 9 | OR | 12 bps | 2.92% | 2.80% |
| 10 | HI | 11 bps | 2.98% | 2.88% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 3/25/22 – 4/1/22 (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 3/25/22 – 4/1/22 (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 3/25/22 – 4/1/22 (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 3/25/22 – 4/1/22
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 3/25/22 vs. the week ending 4/1/22
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | OH OLESCD 4.00 12/01/2027 | 4.00% | 12/01/27 | 5 | 89 | 84 | 1680% |
| 2 | WA WAS 5.00 06/01/2027 | 5.00% | 06/01/27 | 28 | 107 | 79 | 282% |
| 3 | NC ALA 5.00 05/01/2027 | 5.00% | 05/01/27 | 28 | 106 | 78 | 279% |
| 4 | NH NHS 5.00 12/01/2028 | 5.00% | 12/01/28 | 28 | 102 | 74 | 264% |
| 5 | MD MDS 5.00 08/01/2028 | 5.00% | 08/01/28 | 33 | 106 | 73 | 221% |
| 6 | SC SCS 3.00 04/01/2028 | 3.00% | 04/01/28 | 28 | 98 | 70 | 250% |
| 7 | ME MES 5.00 06/01/2028 | 5.00% | 06/01/28 | 5 | 75 | 70 | 1400% |
| 8 | UT CUTWTR 5.00 04/01/2028 | 5.00% | 04/01/28 | 31 | 100 | 69 | 223% |
| 9 | MD WASUTL 5.00 12/01/2026 | 5.00% | 12/01/26 | 28 | 95 | 67 | 239% |
| 10 | TN MUR 5.00 06/01/2028 | 5.00% | 06/01/28 | 28 | 95 | 67 | 239% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 3/25/22 – 4/1/22
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | NY NYCUTL 5.00 06/15/2052 | 5.00% | 06/15/52 | 27 |
| 2 | CA CAS 5.00 09/01/2030 | 5.00% | 09/01/30 | 26 |
| 3 | TX WACSCD 4.00 08/15/2047 | 4.00% | 08/15/47 | 26 |
| 4 | WA WAS 5.00 02/01/2045 | 5.00% | 02/01/45 | 25 |
| 5 | OK UNIHSG 4.00 07/01/2051 | 4.00% | 07/01/51 | 25 |
| 6 | CO COSMED 4.00 01/01/2040 | 4.00% | 01/01/40 | 25 |
| 7 | CA CAS 5.00 04/01/2032 | 5.00% | 04/01/32 | 25 |
| 8 | VA FAIUTL 4.00 07/15/2051 | 4.00% | 07/15/51 | 24 |
| 9 | AL BBEUTL 4.00 10/01/2052 | 4.00% | 10/01/52 | 24 |
| 10 | CA CAS 4.00 10/01/2041 | 4.00% | 10/01/41 | 23 |
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