Municipals
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Municipal Bond Market Summary:
Week Ending 4/8/22
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 4/1/22 – 4/8/22
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | VI VITGEN 5.00 10/01/2032 | 5.00% | 10/01/32 | 1.92% | 99.88 | 98.00 |
| 2 | GA DECFAC 3.00 02/01/2042 | 3.00% | 02/01/42 | 1.23% | 97.59 | 96.41 |
| 3 | UT SALAPT 5.00 07/01/2042 | 5.00% | 07/01/42 | 1.11% | 111.52 | 110.29 |
| 4 | TN CHAMED 4.13 10/01/2039 | 4.13% | 10/01/39 | 1.09% | 102.24 | 101.13 |
| 5 | AZ PHOMED 3.75 11/15/2057 | 3.75% | 11/15/57 | 0.87% | 102.64 | 101.75 |
| 6 | CA SDGEDU 3.25 07/01/2048 | 3.25% | 07/01/48 | 0.86% | 98.01 | 97.18 |
| 7 | VA ISL 3.00 07/15/2045 | 3.00% | 07/15/45 | 0.77% | 95.98 | 95.25 |
| 8 | AR HELSCD 3.25 02/01/2039 | 3.25% | 02/01/39 | 0.66% | 101.03 | 100.37 |
| 9 | OH OHSMED 3.25 01/01/2037 | 3.25% | 01/01/37 | 0.66% | 101.21 | 100.55 |
| 10 | NY NYC 3.00 08/01/2033 | 3.00% | 08/01/33 | 0.61% | 101.13 | 100.51 |
Top 10 Losers
Showcases the top 10 Muni Bond “Losers” based on price movements between 4/1/22 – 4/8/22
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | NJ NJSMED 3.36 07/01/2040 | 3.36% | 07/01/40 | -6.53% | 83.79 | 89.65 |
| 2 | IN INSFIN 3.05 01/01/2051 | 3.05% | 01/01/51 | -6.09% | 85.57 | 91.12 |
| 3 | CA CASHGR 2.97 11/01/2060 | 2.97% | 11/01/60 | -6.07% | 79.33 | 84.46 |
| 4 | OR CLAFAC 2.63 12/01/2035 | 2.63% | 12/01/35 | -6.04% | 93.16 | 99.15 |
| 5 | MI UNVHGR 4.45 04/01/2122 | 4.45% | 04/01/22 | -5.91% | 102.51 | 108.95 |
| 6 | TX SAN 2.93 02/01/2048 | 2.93% | 02/01/48 | -5.78% | 86.70 | 92.02 |
| 7 | MI MISHGR 4.17 08/15/2122 | 4.17% | 08/15/22 | -5.72% | 91.87 | 97.45 |
| 8 | NY NYSHGR 3.00 02/01/2050 | 3.00% | 02/01/50 | -5.57% | 90.02 | 95.32 |
| 9 | TX VTDTRN 2.67 08/01/2038 | 2.67% | 08/01/38 | -5.55% | 84.90 | 89.89 |
| 10 | CA CDAHSG 2.65 12/01/2046 | 2.65% | 12/01/46 | -5.35% | 84.27 | 89.04 |
Top 10 State Winners
Showcases the top 10 Muni State “Winners” based on yield movements between 4/1/22 – 4/8/22
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | MA | -22 bps | 2.83% | 3.05% |
| 2 | NJ | -10 bps | 3.04% | 3.14% |
| 3 | AL | -5 bps | 3.13% | 3.18% |
| 4 | IA | 0 bps | 2.83% | 2.84% |
| 5 | UT | 1 bps | 2.50% | 2.49% |
| 6 | OR | 1 bps | 2.91% | 2.90% |
| 7 | MS | 3 bps | 2.81% | 2.79% |
| 8 | MO | 3 bps | 3.02% | 2.99% |
| 9 | MI | 6 bps | 3.02% | 2.95% |
| 10 | HI | 7 bps | 3.05% | 2.98% |
Top 10 State Losers
Showcases the top 10 Muni State “Losers” based on yield movements between 4/1/22 – 4/8/22
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | CT | 39 bps | 3.32% | 2.92% |
| 2 | SC | 28 bps | 2.86% | 2.58% |
| 3 | PA | 28 bps | 3.40% | 3.12% |
| 4 | MD | 26 bps | 2.97% | 2.71% |
| 5 | FL | 25 bps | 2.93% | 2.68% |
| 6 | OH | 24 bps | 2.96% | 2.72% |
| 7 | NC | 24 bps | 2.54% | 2.30% |
| 8 | NE | 23 bps | 2.87% | 2.64% |
| 9 | WV | 22 bps | 2.73% | 2.51% |
| 10 | AZ | 21 bps | 3.00% | 2.79% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 4/1/22 – 4/8/22 (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 4/1/22 – 4/8/22 (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 4/1/22 – 4/8/22 (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 4/1/22 – 4/8/22
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 4/1/22 vs. the week ending 4/8/22
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | CA SDGAPT 5.00 07/01/2056 | 5.00% | 07/01/56 | 24 | 81 | 57 | 238% |
| 2 | CA UNIUTL 3.00 09/01/2050 | 3.00% | 09/01/50 | 10 | 59 | 49 | 490% |
| 3 | AL ALSHGR 5.00 11/01/2039 | 5.00% | 11/01/39 | 17 | 65 | 48 | 282% |
| 4 | IL COO 5.79 11/15/2029 | 5.79% | 11/15/29 | 8 | 53 | 45 | 563% |
| 5 | NY PORTRN 3.00 10/01/2027 | 3.00% | 10/01/27 | 3 | 45 | 42 | 1400% |
| 6 | UT SALAPT 5.00 07/01/2047 | 5.00% | 07/01/47 | 23 | 65 | 42 | 183% |
| 7 | NY NYSDEV 3.00 03/15/2040 | 3.00% | 03/15/40 | 54 | 95 | 41 | 76% |
| 8 | TX UNIHGR 5.00 08/15/2025 | 5.00% | 08/15/25 | 25 | 64 | 39 | 156% |
| 9 | AL TUS 3.00 10/01/2050 | 3.00% | 10/01/50 | 19 | 55 | 36 | 189% |
| 10 | MA BOS 4.00 04/01/2031 | 4.00% | 04/01/31 | 15 | 51 | 36 | 240% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 4/1/22 – 4/8/22
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | CA CAS 5.00 09/01/2030 | 5.00% | 09/01/30 | 26 |
| 2 | CA CAS 5.00 04/01/2032 | 5.00% | 04/01/32 | 26 |
| 3 | AL BBEUTL 4.00 10/01/2052 | 4.00% | 10/01/52 | 25 |
| 4 | CA CAS 4.00 10/01/2041 | 4.00% | 10/01/41 | 25 |
| 5 | CO COSMED 4.00 01/01/2040 | 4.00% | 01/01/40 | 25 |
| 6 | PR PRC 4.00 07/01/2041 | 4.00% | 07/01/41 | 25 |
| 7 | PR PRC 4.00 07/01/2046 | 4.00% | 07/01/46 | 24 |
| 8 | PR PRC 5.38 07/01/2025 | 5.38% | 07/01/25 | 24 |
| 9 | VA FAIUTL 4.00 07/15/2051 | 4.00% | 07/15/51 | 24 |
| 10 | PR PRC 4.00 07/01/2037 | 4.00% | 07/01/37 | 24 |
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