Municipals
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Municipal Bond Market Summary:
Week Ending 1/21/22
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 1/14/22 – 1/21/22
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | PR PRC 5.25 07/01/2030 | 5.25% | 07/01/30 | 2.51% | 102.13 | 99.63 |
| 2 | IL CHI 0 01/01/2032 | 0.00% | 01/01/32 | 1.21% | 74.82 | 73.92 |
| 3 | FL ECRUTL 5 10/01/2044 | 5.00% | 10/01/44 | 1.06% | 120.19 | 118.93 |
| 4 | TN KNOMED 5 09/01/2031 | 5.00% | 09/01/31 | 0.86% | 115.41 | 114.43 |
| 5 | CA CASDEV 5 10/01/2032 | 5.00% | 10/01/32 | 0.84% | 116.74 | 115.78 |
| 6 | MA MASEDU 2.95 05/15/2043 | 2.95% | 05/15/43 | 0.72% | 101.40 | 100.68 |
| 7 | AL INFMED 4 02/01/2046 | 4.00% | 02/01/46 | 0.68% | 108.50 | 107.77 |
| 8 | NY NYSHGR 5 07/01/2032 | 5.00% | 07/01/32 | 0.44% | 122.65 | 122.11 |
| 9 | TX SAG 4 09/01/2030 | 4.00% | 09/01/30 | 0.44% | 117.44 | 116.92 |
| 10 | FL LEEDEV 4 10/01/2043 | 4.00% | 10/01/43 | 0.41% | 105.15 | 104.72 |
Top 10 Losers
Showcases the top 10 Muni Bond “Losers” based on price movements between 1/14/22 – 1/21/22
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | TX UNIHGR 5 08/15/2049 | 5.00% | 08/15/49 | -6.35% | 148.74 | 158.83 |
| 2 | CA HOPSCD 4 08/01/2045 | 4.00% | 08/01/45 | -5.37% | 114.46 | 120.95 |
| 3 | MD CUM 1.8 06/01/2028 | 1.80% | 06/01/28 | -4.60% | 95.65 | 100.27 |
| 4 | MD MONMFH 2.1 07/01/2052 | 2.10% | 07/01/52 | -4.21% | 89.07 | 92.98 |
| 5 | WA WAS 5 02/01/2037 | 5.00% | 02/01/37 | -4.05% | 129.01 | 134.45 |
| 6 | CO PUECTF 2.72 09/15/2042 | 2.72% | 09/15/42 | -3.80% | 93.58 | 97.28 |
| 7 | CA CASWTR 2.23 12/01/2035 | 2.23% | 12/01/35 | -3.78% | 97.13 | 100.94 |
| 8 | CA CASEDU 5 03/15/2039 | 5.00% | 03/15/39 | -3.67% | 140.78 | 146.14 |
| 9 | CA CVSEDU 3.3 06/01/2046 | 3.30% | 06/01/46 | -3.59% | 98.89 | 102.58 |
| 10 | TX FWDSCD 2 02/15/2041 | 2.00% | 02/15/41 | -3.36% | 93.04 | 96.27 |
Top 10 State Winners
Showcases the top 10 Muni State “Winners” based on yield movements between 1/14/22 – 1/21/22
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | PA | -20 bps | 2.22% | 2.42% |
| 2 | AL | -19 bps | 1.86% | 2.05% |
| 3 | KS | -6 bps | 2.03% | 2.09% |
| 4 | IL | -5 bps | 2.67% | 2.72% |
| 5 | MD | -5 bps | 1.87% | 1.92% |
| 6 | WA | -4 bps | 2.31% | 2.35% |
| 7 | MS | -3 bps | 1.83% | 1.86% |
| 8 | DC | -2 bps | 2.64% | 2.66% |
| 9 | VA | -2 bps | 1.65% | 1.67% |
| 10 | ME | -1 bps | 1.49% | 1.50% |
Top 10 State Losers
Showcases the top 10 Muni State “Losers” based on yield movements between 1/14/22 – 1/21/22
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | MI | 42 bps | 2.37% | 1.95% |
| 2 | AZ | 35 bps | 2.06% | 1.70% |
| 3 | NJ | 35 bps | 2.17% | 1.83% |
| 4 | NH | 34 bps | 1.93% | 1.59% |
| 5 | OR | 30 bps | 2.18% | 1.88% |
| 6 | NC | 28 bps | 1.71% | 1.43% |
| 7 | NE | 24 bps | 1.82% | 1.58% |
| 8 | MO | 24 bps | 1.98% | 1.74% |
| 9 | TN | 18 bps | 2.21% | 2.03% |
| 10 | CO | 17 bps | 2.29% | 2.12% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 1/14/22 – 1/21/22 (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 1/14/22 – 1/21/22 (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 1/14/22 – 1/21/22 (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 1/14/22 – 1/21/22
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 1/14/22 vs. the week ending 1/21/22
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | PA BUCMED 4 07/01/2046 | 4.00% | 07/01/46 | 12 | 72 | 60 | 500% |
| 2 | IL ILSGEN 4 08/15/2039 | 4.00% | 08/15/39 | 15 | 67 | 52 | 347% |
| 3 | WI PUBGEN 3 07/01/2050 | 3.00% | 07/01/50 | 16 | 63 | 47 | 294% |
| 4 | CT CTS 4 01/15/2035 | 4.00% | 01/15/35 | 15 | 59 | 44 | 293% |
| 5 | NJ NJSTRN 0 12/15/2030 | 0.00% | 12/15/30 | 29 | 71 | 42 | 145% |
| 6 | FL BWCDEV 4 09/01/2036 | 4.00% | 09/01/36 | 14 | 55 | 41 | 293% |
| 7 | UT SALAPT 5 07/01/2034 | 5.00% | 07/01/34 | 10 | 50 | 40 | 400% |
| 8 | UT SALAPT 5 07/01/2035 | 5.00% | 07/01/35 | 10 | 50 | 40 | 400% |
| 9 | UT SALAPT 5 07/01/2036 | 5.00% | 07/01/36 | 10 | 50 | 40 | 400% |
| 10 | NY NYSTRN 5 01/01/2030 | 5.00% | 01/01/30 | 10 | 45 | 35 | 350% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 1/14/22 – 1/21/22
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | UT UNIHGR 4 08/01/2051 | 4.00% | 08/01/51 | 27 |
| 2 | OR ORSHGR 4 07/01/2051 | 4.00% | 07/01/51 | 24 |
| 3 | CA CASMED 4 08/15/2048 | 4.00% | 08/15/48 | 24 |
| 4 | NY NYCDEV 4 02/15/2043 | 4.00% | 02/15/43 | 24 |
| 5 | CA LOSHGR 4 08/01/2036 | 4.00% | 08/01/36 | 23 |
| 6 | NY NYCDEV 3 02/15/2042 | 3.00% | 02/15/42 | 23 |
| 7 | CT CTS 4 01/15/2038 | 4.00% | 01/15/38 | 23 |
| 8 | NY NYCDEV 2.75 02/15/2044 | 2.75% | 02/15/44 | 23 |
| 9 | IL ILSTRN 4 01/01/2046 | 4.00% | 01/01/46 | 22 |
| 10 | CA LOSUTL 5 07/01/2048 | 5.00% | 07/01/48 | 22 |
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