Municipals
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Municipal Bond Market Summary:
Week Ending 7/1/22
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 6/24/22 – 7/1/22
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | FL BWCDEV 4.00 09/01/2051 | 4.00% | 09/01/51 | 8.16% | 96.67 | 89.38 |
| 2 | NJ NJSTRN 4.00 06/15/2050 | 4.00% | 06/15/50 | 7.94% | 94.05 | 87.13 |
| 3 | OH OHSTRN 3.22 02/15/2048 | 3.22% | 02/15/48 | 7.00% | 79.09 | 73.91 |
| 4 | CT CTSHGR 4.00 06/01/2051 | 4.00% | 06/01/51 | 6.37% | 95.54 | 89.82 |
| 5 | OR PTPAPT 4.00 07/01/2047 | 4.00% | 07/01/47 | 6.29% | 95.43 | 89.78 |
| 6 | GA MOUDEV 3.00 12/01/2031 | 3.00% | 12/01/31 | 6.27% | 93.53 | 88.01 |
| 7 | CA CDAHSG 3.00 12/01/2056 | 3.00% | 12/01/56 | 5.66% | 72.42 | 68.54 |
| 8 | CA CMFHSG 3.00 08/01/2056 | 3.00% | 08/01/56 | 5.60% | 73.32 | 69.43 |
| 9 | FL GREAPT 4.00 10/01/2052 | 4.00% | 10/01/52 | 5.57% | 94.14 | 89.17 |
| 10 | TX SEGSCD 2.14 08/15/2039 | 2.14% | 08/15/39 | 5.36% | 75.15 | 71.33 |
Top 10 Losers
Showcases the top 10 Muni Bond “Losers” based on price movements between 6/24/22 – 7/1/22
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | ME MESMED 4.00 07/01/2046 | 4.00% | 07/01/46 | -7.15% | 93.93 | 101.16 |
| 2 | FL HILMED 4.00 08/01/2045 | 4.00% | 08/01/45 | -5.84% | 92.31 | 98.04 |
| 3 | MD PRICTF 3.25 10/01/2047 | 3.25% | 10/01/47 | -5.33% | 84.22 | 88.96 |
| 4 | CO USFDEV 6.75 12/01/2042 | 6.75% | 12/01/42 | -4.89% | 90.96 | 95.63 |
| 5 | CA EMN 3.92 08/01/2050 | 3.92% | 08/01/50 | -4.57% | 80.07 | 83.91 |
| 6 | TX LDRSCD 0.00 08/16/2044 | 0.00% | 08/16/44 | -4.36% | 37.37 | 39.07 |
| 7 | OR JACSCD 0.00 06/15/2049 | 0.00% | 06/15/49 | -4.34% | 28.36 | 29.65 |
| 8 | PA CHEDEV 4.00 12/01/2046 | 4.00% | 12/01/46 | -4.21% | 97.52 | 101.80 |
| 9 | MI GRTWTR 2.42 07/01/2033 | 2.42% | 07/01/33 | -4.03% | 82.63 | 86.11 |
| 10 | NM NMSMED 5.00 07/01/2049 | 5.00% | 07/01/49 | -3.90% | 90.66 | 94.34 |
Top 10 State Winners
Showcases the top 10 Muni State “Winners” based on yield movements between 6/24/22 – 7/1/22
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | MA | -51 bps | 3.13% | 3.63% |
| 2 | OR | -36 bps | 3.32% | 3.68% |
| 3 | HI | -29 bps | 3.33% | 3.61% |
| 4 | TN | -27 bps | 3.06% | 3.33% |
| 5 | PA | -25 bps | 3.37% | 3.62% |
| 6 | FL | -21 bps | 3.25% | 3.46% |
| 7 | MN | -20 bps | 3.17% | 3.37% |
| 8 | OH | -20 bps | 3.22% | 3.42% |
| 9 | NC | -20 bps | 2.93% | 3.13% |
| 10 | CO | -18 bps | 3.32% | 3.50% |
Top 10 State Losers
Showcases the top 10 Muni State “Losers” based on yield movements between 6/24/22 – 7/1/22
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | NJ | 113 bps | 12.17% | 11.05% |
| 2 | AL | 17 bps | 3.74% | 3.56% |
| 3 | IL | 17 bps | 4.25% | 4.09% |
| 4 | MI | 12 bps | 3.51% | 3.39% |
| 5 | AZ | 7 bps | 3.38% | 3.31% |
| 6 | AK | 4 bps | 3.24% | 3.20% |
| 7 | MD | -2 bps | 3.11% | 3.13% |
| 8 | UT | -7 bps | 2.98% | 3.05% |
| 9 | CT | -7 bps | 3.52% | 3.58% |
| 10 | CA | -7 bps | 3.58% | 3.64% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 6/24/22 – 7/1/22 (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 6/24/22 – 7/1/22 (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 6/24/22 – 7/1/22 (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 6/24/22 – 7/1/22
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 6/24/22 vs. the week ending 7/1/22
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | TX AUSAPT 5.00 11/15/2046 | 5.00% | 11/15/46 | 3 | 92 | 89 | 2967% |
| 2 | NY BUIGEN 5.00 06/15/2051 | 5.00% | 06/15/51 | 3 | 75 | 72 | 2400% |
| 3 | PR PRCUTL 5.00 07/01/2033 | 5.00% | 07/01/33 | 2 | 71 | 69 | 3450% |
| 4 | TX DALAPT 5.00 11/01/2043 | 5.00% | 11/01/43 | 18 | 84 | 66 | 367% |
| 5 | NY MTATRN 5.00 11/15/2044 | 5.00% | 11/15/44 | 25 | 90 | 65 | 260% |
| 6 | TX NRTTRN 5.00 01/01/2043 | 5.00% | 01/01/43 | 60 | 122 | 62 | 103% |
| 7 | PA PASDEV 4.00 02/01/2040 | 4.00% | 02/01/40 | 27 | 89 | 62 | 230% |
| 8 | TX MELSCD 5.00 02/01/2052 | 5.00% | 02/01/52 | 13 | 73 | 60 | 462% |
| 9 | WA WASMED 4.13 08/15/2043 | 4.13% | 08/15/43 | 11 | 65 | 54 | 491% |
| 10 | MA MASHSG 4.20 12/01/2048 | 4.20% | 12/01/48 | 20 | 73 | 53 | 265% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 6/24/22 – 7/1/22
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | NJ NJSMED 4.00 07/01/2051 | 4.00% | 07/01/51 | 32 |
| 2 | PR PRCGEN 5.00 07/01/2058 | 5.00% | 07/01/58 | 32 |
| 3 | WA ENEPWR 5.00 07/01/2036 | 5.00% | 07/01/36 | 31 |
| 4 | NY NYSHGR 4.00 07/01/2053 | 4.00% | 07/01/53 | 29 |
| 5 | FL SOUMED 4.00 05/01/2044 | 4.00% | 05/01/44 | 29 |
| 6 | NY NYSHGR 4.00 02/15/2047 | 4.00% | 02/15/47 | 29 |
| 7 | TX KATSCD 4.00 02/15/2052 | 4.00% | 02/15/52 | 28 |
| 8 | CA UNVHGR 4.00 05/15/2053 | 4.00% | 05/15/53 | 28 |
| 9 | OR SALMED 4.00 05/15/2041 | 4.00% | 05/15/41 | 27 |
| 10 | NY NYSHGR 5.00 03/15/2041 | 5.00% | 03/15/41 | 27 |
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