Municipals
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Municipal Bond Market Summary:
Week Ending 1/22/21
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 1/15/21 – 1/22/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | NJ TRN FD CAB-SER C | 0.00% | 12/15/32 | 6.83% | 81.68 | 76.46 |
| 2 | CHICAGO BOE-BAB-TXB | 6.04% | 12/01/29 | 6.33% | 119.44 | 112.32 |
| 3 | COOK CLG #510-REF | 0.00% | 12/01/30 | 4.56% | 82.19 | 78.60 |
| 4 | PR PUB BLDGS AUTH | 5.50% | 07/01/27 | 3.68% | 83.46 | 80.50 |
| 5 | ILLINOIS ST-B-TXBL | 5.01% | 04/01/28 | 3.58% | 110.75 | 106.92 |
| 6 | PHILADELPHIA PA IDA | 5.00% | 10/01/29 | 3.31% | 126.44 | 122.39 |
| 7 | MET TRANSN-TXB-E-BABS | 6.81% | 11/15/40 | 3.22% | 143.09 | 138.62 |
| 8 | PR COMWLTH-IMPT-A | 5.25% | 07/01/22 | 2.83% | 75.07 | 73.00 |
| 9 | WASHINGTON ST-F-BABS | 5.14% | 08/01/40 | 2.77% | 142.09 | 138.25 |
| 10 | SALES TAX SECURITIZTN | 4.64% | 01/01/40 | 2.71% | 115.82 | 112.75 |
Top 10 Losers
Showcases the top 10 Muni Bond “Losers” based on price movements between 1/15/21 – 1/22/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | PUERTO RICO-REF-E | 5.63% | 07/01/33 | -3.63% | 77.09 | 80.00 |
| 2 | INDIANPLS IMPT-B2-BAB | 5.97% | 01/15/30 | -2.60% | 123.54 | 126.84 |
| 3 | CA QUAL SCH BD-ANTIOC | 7.16% | 03/01/27 | -2.31% | 122.06 | 124.95 |
| 4 | UT BLDG LEASE SER E | 5.77% | 05/15/30 | -2.21% | 127.03 | 129.91 |
| 5 | SAN BERNARDINO CNTY-T | 6.02% | 08/01/23 | -1.75% | 109.50 | 111.45 |
| 6 | BAY AREA TOLL-S1 | 7.04% | 04/01/50 | -1.67% | 179.81 | 182.86 |
| 7 | OH UNIV ATHENS-TXBL | 5.59% | 12/01/14 | -1.61% | 138.62 | 140.89 |
| 8 | COALINGA-HURON SD-TXB | 5.40% | 08/01/33 | -1.54% | 126.92 | 128.90 |
| 9 | SANTA ANA UN SD-B | 2.13% | 08/01/50 | -1.52% | 98.41 | 99.93 |
| 10 | COLORADO ST COPS | 5.00% | 12/15/32 | -1.44% | 135.52 | 137.49 |
Top 10 State Winners
Showcases the top 10 Muni State “Winners” based on yield movements between 1/15/21 – 1/22/21
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | NJ | -34 bps | 1.50% | 1.83% |
| 2 | KS | -33 bps | 1.87% | 2.20% |
| 3 | PA | -33 bps | 1.51% | 1.84% |
| 4 | MT | -17 bps | 1.26% | 1.42% |
| 5 | OH | -16 bps | 1.76% | 1.92% |
| 6 | AL | -14 bps | 1.58% | 1.72% |
| 7 | CO | -10 bps | 1.55% | 1.65% |
| 8 | SC | -9 bps | 1.20% | 1.30% |
| 9 | WA | -9 bps | 1.64% | 1.73% |
| 10 | NC | -9 bps | 0.92% | 1.01% |
Top 10 State Losers
Showcases the top 10 Muni State “Losers” based on yield movements between 1/15/21 – 1/22/21
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | NH | 44 bps | 1.57% | 1.13% |
| 2 | GA | 28 bps | 1.21% | 0.93% |
| 3 | MS | 24 bps | 1.72% | 1.48% |
| 4 | AR | 23 bps | 2.18% | 1.96% |
| 5 | FL | 21 bps | 1.47% | 1.25% |
| 6 | LA | 21 bps | 1.72% | 1.50% |
| 7 | HI | 19 bps | 2.13% | 1.93% |
| 8 | NV | 19 bps | 1.55% | 1.36% |
| 9 | WI | 16 bps | 1.43% | 1.27% |
| 10 | MA | 16 bps | 1.92% | 1.76% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 1/15/21 – 1/22/21 (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 1/15/21 – 1/22/21 (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 1/15/21 – 1/22/21 (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 1/15/21 – 1/22/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 1/15/21 vs. the week ending 1/22/21
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | MET TRANSPRTN AUTH NY | 5.25% | 11/15/30 | 17 | 57 | 40 | 235% |
| 2 | ILLINOIS ST-D | 5.00% | 11/01/26 | 42 | 82 | 40 | 95% |
| 3 | NEW YORK TRANSPRTN | 4.00% | 12/01/40 | 47 | 85 | 38 | 81% |
| 4 | WASHINGTON ST-A | 5.00% | 08/01/41 | 29 | 65 | 36 | 124% |
| 5 | ILLINOIS ST-D | 5.00% | 11/01/23 | 15 | 51 | 36 | 240% |
| 6 | MET TRANSPRTN AUTH NY | 5.00% | 11/15/29 | 42 | 75 | 33 | 79% |
| 7 | MET TRANSPRTN AUTH NY | 5.00% | 11/15/33 | 4 | 36 | 32 | 800% |
| 8 | CALIFORNIA ST-REF | 5.00% | 04/01/28 | 31 | 62 | 31 | 100% |
| 9 | MIAMI-DADE CO WTR&SWR | 4.00% | 10/01/49 | 81 | 112 | 31 | 38% |
| 10 | SAN FRANCISCO CITY & | 5.00% | 11/01/50 | 28 | 59 | 31 | 111% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 1/15/21 – 1/22/21
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | UNIV OF TEXAS UNIV-A | 5.00% | 08/15/30 | 33 |
| 2 | TEXAS ST WTR DEV BRD | 4.00% | 04/15/51 | 31 |
| 3 | MIAMI-DADE CO WTR&SWR | 4.00% | 10/01/49 | 27 |
| 4 | LOS ANGELES WTR PWR-A | 5.00% | 07/01/45 | 26 |
| 5 | CONNECTICUT ST -A | 2.00% | 01/15/41 | 25 |
| 6 | MUNI ELEC AUTH OF GEO | 5.00% | 01/01/59 | 25 |
| 7 | NY ST URBAN DEV-E-4 | 3.00% | 03/15/47 | 24 |
| 8 | FL MUNI PWR AGY-A-REF | 5.00% | 10/01/25 | 24 |
| 9 | CONNECTICUT ST -A | 3.00% | 01/15/34 | 24 |
| 10 | CALIFORNIA ST | 5.00% | 03/01/31 | 23 |
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