Municipals
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Municipal Bond Market Summary:
Week Ending 6/17/22
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 6/10/22 – 6/17/22
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | PA MONDEV 3.25 12/01/2039 | 3.25% | 12/01/39 | 3.02% | 89.82 | 87.19 |
| 2 | TN MAR 5.00 06/01/2025 | 5.00% | 06/01/25 | 2.83% | 106.91 | 103.97 |
| 3 | AZ AZSTRN 5.00 07/01/2023 | 5.00% | 07/01/23 | 2.49% | 102.02 | 99.54 |
| 4 | NY NYSHGR 4.85 07/01/2048 | 4.85% | 07/01/48 | 1.82% | 99.79 | 98.01 |
| 5 | CA LOSTRN 5.00 07/01/2034 | 5.00% | 07/01/34 | 1.73% | 109.66 | 107.80 |
| 6 | TX SANWTR 4.00 05/15/2040 | 4.00% | 05/15/40 | 1.63% | 101.37 | 99.74 |
| 7 | MD MDSMED 5.00 05/15/2045 | 5.00% | 05/15/45 | 1.38% | 106.83 | 105.38 |
| 8 | OK NORMED 4.00 09/01/2037 | 4.00% | 09/01/37 | 1.36% | 99.96 | 98.62 |
| 9 | OH OHSMED 5.00 01/01/2029 | 5.00% | 01/01/29 | 1.26% | 110.28 | 108.90 |
| 10 | CA LGBSCD 4.00 08/01/2028 | 4.00% | 08/01/28 | 1.25% | 108.39 | 107.05 |
Top 10 Losers
Showcases the top 10 Muni Bond “Losers” based on price movements between 6/10/22 – 6/17/22
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | FL PALMED 4.25 06/01/2056 | 4.25% | 06/01/56 | -12.66% | 80.01 | 91.61 |
| 2 | NY MTATRN 4.00 11/15/2047 | 4.00% | 11/15/47 | -11.86% | 86.03 | 97.61 |
| 3 | IL COOGEN 4.00 11/15/2039 | 4.00% | 11/15/39 | -11.41% | 92.05 | 103.91 |
| 4 | WY WYSHSG 3.00 06/01/2050 | 3.00% | 06/01/50 | -10.94% | 88.13 | 98.95 |
| 5 | NY NYCDEV 3.25 09/15/2052 | 3.25% | 09/15/52 | -10.57% | 78.00 | 87.22 |
| 6 | NY NYSTRN 4.00 01/01/2050 | 4.00% | 01/01/50 | -10.54% | 90.91 | 101.62 |
| 7 | FL MIAUTL 4.00 10/01/2051 | 4.00% | 10/01/51 | -10.00% | 90.54 | 100.60 |
| 8 | CA WCCSCD 3.00 08/01/2051 | 3.00% | 08/01/51 | -9.91% | 75.35 | 83.64 |
| 9 | PA PASTRN 4.00 12/01/2050 | 4.00% | 12/01/50 | -9.82% | 89.98 | 99.78 |
| 10 | NY GEE 3.00 03/15/2045 | 3.00% | 03/15/45 | -9.55% | 77.33 | 85.50 |
Top 10 State Winners
Showcases the top 10 Muni State “Winners” based on yield movements between 6/10/22 – 6/17/22
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | NJ | 600 bps | 9.46% | 3.46% |
| 2 | CT | 52 bps | 3.92% | 3.41% |
| 3 | NV | 48 bps | 3.88% | 3.40% |
| 4 | OR | 46 bps | 3.44% | 2.98% |
| 5 | NE | 45 bps | 3.42% | 2.97% |
| 6 | WI | 44 bps | 3.66% | 3.22% |
| 7 | SC | 40 bps | 3.51% | 3.12% |
| 8 | AL | 37 bps | 3.80% | 3.43% |
| 9 | PA | 35 bps | 3.86% | 3.51% |
| 10 | NY | 34 bps | 3.79% | 3.45% |
Top 10 State Losers
Showcases the top 10 Muni State “Losers” based on yield movements between 6/10/22 – 6/17/22
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | GA | -864 bps | 3.56% | 12.20% |
| 2 | IA | -370 bps | 3.37% | 7.07% |
| 3 | TX | -179 bps | 3.64% | 5.43% |
| 4 | MA | -4 bps | 3.54% | 3.59% |
| 5 | LA | 11 bps | 3.77% | 3.67% |
| 6 | AZ | 16 bps | 3.51% | 3.35% |
| 7 | IL | 17 bps | 3.83% | 3.66% |
| 8 | MI | 22 bps | 3.62% | 3.40% |
| 9 | CA | 23 bps | 3.79% | 3.57% |
| 10 | MO | 24 bps | 3.75% | 3.51% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 6/10/22 – 6/17/22 (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 6/10/22 – 6/17/22 (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 6/10/22 – 6/17/22 (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 6/10/22 – 6/17/22
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 6/10/22 vs. the week ending 6/17/22
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | WA ENEPWR 5.00 07/01/2036 | 5.00% | 07/01/36 | 78 | 147 | 69 | 88% |
| 2 | CA SFOAPT 5.00 05/01/2043 | 5.00% | 05/01/43 | 22 | 90 | 68 | 309% |
| 3 | NY NYSPWR 4.00 11/15/2055 | 4.00% | 11/15/55 | 46 | 109 | 63 | 137% |
| 4 | CA OXNSCD 4.00 08/01/2040 | 4.00% | 08/01/40 | 5 | 68 | 63 | 1260% |
| 5 | TX CTXGEN 5.00 01/01/2045 | 5.00% | 01/01/45 | 16 | 77 | 61 | 381% |
| 6 | TX KATSCD 4.00 02/15/2040 | 4.00% | 02/15/40 | 18 | 76 | 58 | 322% |
| 7 | OH FRAMED 4.00 11/01/2040 | 4.00% | 11/01/40 | 1 | 58 | 57 | 5700% |
| 8 | CA FOOTRN 4.00 01/15/2046 | 4.00% | 01/15/46 | 30 | 87 | 57 | 190% |
| 9 | CA HAYSCD 4.00 08/01/2040 | 4.00% | 08/01/40 | 10 | 65 | 55 | 550% |
| 10 | WI WIS 5.00 05/01/2034 | 5.00% | 05/01/34 | 14 | 67 | 53 | 379% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 6/10/22 – 6/17/22
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | CA UNVHGR 4.00 05/15/2053 | 4.00% | 05/15/53 | 31 |
| 2 | WA ENEPWR 5.00 07/01/2036 | 5.00% | 07/01/36 | 31 |
| 3 | NJ NJSMED 4.00 07/01/2051 | 4.00% | 07/01/51 | 31 |
| 4 | PR PRCGEN 5.00 07/01/2058 | 5.00% | 07/01/58 | 29 |
| 5 | NY TRBTRN 5.25 05/15/2052 | 5.25% | 05/15/52 | 29 |
| 6 | NY NYSPWR 4.00 11/15/2050 | 4.00% | 11/15/50 | 29 |
| 7 | MA MASDEV 5.00 11/15/2032 | 5.00% | 11/15/32 | 28 |
| 8 | NY NYSHGR 4.00 07/01/2053 | 4.00% | 07/01/53 | 28 |
| 9 | NC NCSMED 4.00 07/01/2049 | 4.00% | 07/01/49 | 27 |
| 10 | VA HRDTRN 4.00 07/01/2052 | 4.00% | 07/01/52 | 27 |
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