Municipals
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Municipal Bond Market Summary:
Week Ending 7/15/22
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 7/8/22 – 7/15/22
RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
1 | IL COOGEN 4.00 11/15/2041 | 4.00% | 11/15/41 | 9.02% | 100.84 | 92.50 |
2 | CO COSCTF 4.00 12/15/2036 | 4.00% | 12/15/36 | 5.36% | 105.12 | 99.77 |
3 | MS MSSSFH 1.90 12/01/2036 | 1.90% | 12/01/36 | 5.30% | 80.70 | 76.63 |
4 | CO DENHSG 3.24 12/01/2038 | 3.24% | 12/01/38 | 5.29% | 86.44 | 82.09 |
5 | TX HOU 3.96 03/01/2047 | 3.96% | 03/01/47 | 5.29% | 100.54 | 95.49 |
6 | NY NYCGEN 1.95 08/01/2034 | 1.95% | 08/01/34 | 4.84% | 78.09 | 74.49 |
7 | CT CTSHGR 4.00 07/01/2052 | 4.00% | 07/01/52 | 4.69% | 95.45 | 91.17 |
8 | IL CHITRN 5.00 01/01/2031 | 5.00% | 01/01/31 | 4.68% | 116.79 | 111.56 |
9 | PA PASSFH 2.13 10/01/2035 | 2.13% | 10/01/35 | 4.50% | 81.67 | 78.15 |
10 | CA CASFAC 5.00 05/01/2034 | 5.00% | 05/01/34 | 4.49% | 116.70 | 111.68 |
Top 10 Losers
Showcases the top 10 Muni Bond “Losers” based on price movements between 7/8/22 – 7/15/22
RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
1 | UT SALAPT 5.00 07/01/2047 | 5.00% | 07/01/47 | -4.77% | 100.37 | 105.39 |
2 | MA MASTRN 0.00 07/01/2029 | 0.00% | 07/01/29 | -4.09% | 75.21 | 78.42 |
3 | CA CASGEN 4.00 08/01/2045 | 4.00% | 08/01/45 | -3.42% | 96.21 | 99.62 |
4 | MA MASDEV 5.00 07/01/2048 | 5.00% | 07/01/48 | -2.99% | 99.55 | 102.62 |
5 | CA ESDSCD 3.00 08/01/2036 | 3.00% | 08/01/36 | -2.83% | 93.04 | 95.75 |
6 | PR PRCTRN 5.25 07/01/2035 | 5.25% | 07/01/35 | -2.70% | 98.28 | 101.00 |
7 | TX VTDTRN 2.67 08/01/2038 | 2.67% | 08/01/38 | -2.67% | 76.70 | 78.81 |
8 | TX DNVSCD 3.25 02/15/2042 | 3.25% | 02/15/42 | -2.55% | 85.70 | 87.94 |
9 | TX AVNSCD 3.00 02/15/2042 | 3.00% | 02/15/42 | -2.54% | 86.75 | 89.01 |
10 | NY NYCUTL 4.00 06/15/2042 | 4.00% | 06/15/42 | -2.54% | 99.95 | 102.55 |
Top 10 State Winners
Showcases the top 10 Muni State “Winners” based on yield movements between 7/8/22 – 7/15/22
RANK | STATE | CHANGE | YLD | YLD-1W |
1 | IL | -28 bps | 3.83% | 4.11% |
2 | NJ | -27 bps | 3.42% | 3.68% |
3 | MI | -27 bps | 3.15% | 3.41% |
4 | MN | -22 bps | 3.03% | 3.25% |
5 | NE | -22 bps | 3.13% | 3.35% |
6 | AZ | -19 bps | 3.21% | 3.40% |
7 | AL | -17 bps | 3.28% | 3.45% |
8 | FL | -15 bps | 3.40% | 3.55% |
9 | WA | -12 bps | 3.34% | 3.46% |
10 | AK | -12 bps | 2.89% | 3.01% |
Top 10 State Losers
Showcases the top 10 Muni State “Losers” based on yield movements between 7/8/22 – 7/15/22
RANK | STATE | CHANGE | YLD | YLD-1W |
1 | MA | 19 bps | 3.40% | 3.21% |
2 | CT | 19 bps | 3.71% | 3.53% |
3 | OR | 18 bps | 3.52% | 3.33% |
4 | KS | 16 bps | 3.35% | 3.20% |
5 | IA | 8 bps | 2.98% | 2.90% |
6 | GA | 8 bps | 3.11% | 3.03% |
7 | VA | 8 bps | 2.94% | 2.86% |
8 | NC | 5 bps | 2.83% | 2.77% |
9 | TN | 4 bps | 3.05% | 3.01% |
10 | PA | 3 bps | 3.30% | 3.27% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 7/8/22 – 7/15/22 (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 7/8/22 – 7/15/22 (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 7/8/22 – 7/15/22 (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 7/8/22 – 7/15/22
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 7/8/22 vs. the week ending 7/15/22
RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
1 | TX BEX 5.00 06/15/2026 | 5.00% | 06/15/26 | 6 | 77 | 71 | 1183% |
2 | FL CGAGEN 5.00 04/01/2025 | 5.00% | 04/01/25 | 5 | 75 | 70 | 1400% |
3 | NV NVS 5.00 08/01/2025 | 5.00% | 08/01/25 | 6 | 74 | 68 | 1133% |
4 | TN MON 5.00 06/01/2026 | 5.00% | 06/01/26 | 6 | 74 | 68 | 1133% |
5 | TX LWCGEN 5.00 05/15/2026 | 5.00% | 05/15/26 | 15 | 75 | 60 | 400% |
6 | PA PITUTL 5.00 09/01/2026 | 5.00% | 09/01/26 | 5 | 65 | 60 | 1200% |
7 | TX ELP 5.00 08/15/2026 | 5.00% | 08/15/26 | 12 | 70 | 58 | 483% |
8 | TX LWCGEN 5.00 05/15/2026 | 5.00% | 05/15/26 | 5 | 60 | 55 | 1100% |
9 | OH TOLWTR 5.00 11/15/2026 | 5.00% | 11/15/26 | 5 | 60 | 55 | 1100% |
10 | FL PBY 5.00 07/01/2026 | 5.00% | 07/01/26 | 5 | 60 | 55 | 1100% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 7/8/22 – 7/15/22
RANK | TRANCHE | COUPON | MATURITY | DEALERS |
1 | PR PRCGEN 5.00 07/01/2058 | 5.00% | 07/01/58 | 32 |
2 | MA MASTRN 5.00 06/01/2052 | 5.00% | 06/01/52 | 31 |
3 | NY NYSHGR 4.00 07/01/2053 | 4.00% | 07/01/53 | 29 |
4 | TX RKWSCD 5.00 02/15/2052 | 5.00% | 02/15/52 | 29 |
5 | NY NYSHGR 4.00 07/01/2049 | 4.00% | 07/01/49 | 29 |
6 | OH BUCGEN 4.00 06/01/2048 | 4.00% | 06/01/48 | 28 |
7 | TX BARSCD 4.00 02/15/2041 | 4.00% | 02/15/41 | 28 |
8 | FL TAMUTL 5.00 10/01/2047 | 5.00% | 10/01/47 | 27 |
9 | ID IDSMED 4.00 12/01/2043 | 4.00% | 12/01/43 | 26 |
10 | FL SOUMED 4.00 05/01/2044 | 4.00% | 05/01/44 | 26 |
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