Municipal Bond Market Summary – Week Ending 10/22/21
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Municipal Bond Market Summary: Week Ending 10/22/21
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 10/15/21 – 10/22/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | ST HELENS | 4.00% | 08/01/35 | 3.79% | 126.68 | 122.05 |
| 2 | WA ST HLTH CARE FACS | 5.00% | 08/01/38 | 1.39% | 123.72 | 122.03 |
| 3 | WHEATON -TXBL | 2.33% | 12/01/33 | 1.38% | 100.99 | 99.62 |
| 4 | CONTRA COSTA CNTY CA | 4.00% | 06/01/40 | 1.18% | 119.72 | 118.32 |
| 5 | LONG BEACH CLG DIST-B | 4.00% | 08/01/41 | 1.12% | 113.09 | 111.84 |
| 6 | WISCONSIN-A-REF-TXBL | 3.95% | 05/01/36 | 1.08% | 111.32 | 110.14 |
| 7 | TRIBORO BRDG-BABS-A2 | 5.45% | 11/15/32 | 0.94% | 127.69 | 126.50 |
| 8 | WEST ORANGE COVE ISD | 3.00% | 02/15/32 | 0.77% | 110.42 | 109.57 |
| 9 | FLORIDA ST MUNI PWR A | 3.00% | 10/01/33 | 0.77% | 110.60 | 109.76 |
| 10 | KING CO PUB HOSP #2 | 4.00% | 12/01/37 | 0.72% | 110.87 | 110.08 |
Top 10 Losers
Showcases the top 10 Muni Bond “Losers” based on price movements between 10/15/21 – 10/22/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | NEWPORT MESA USD-CABS | 0.00% | 08/01/31 | -5.07% | 80.60 | 84.90 |
| 2 | MIDDLEBOROUGH TWN | 2.35% | 10/01/49 | -4.90% | 92.29 | 97.04 |
| 3 | MET PIER | 0.00% | 06/15/46 | -3.74% | 49.38 | 51.30 |
| 4 | NEW YORK-A-A-1 | 4.00% | 08/01/42 | -3.57% | 113.73 | 117.94 |
| 5 | NEW YORK CITY NY TRAN | 5.00% | 11/01/36 | -3.02% | 125.81 | 129.73 |
| 6 | PEACHTREE CORNERS GA | 4.00% | 07/01/29 | -3.02% | 121.32 | 125.09 |
| 7 | RIVER VALE TWP BOE | 2.00% | 06/15/40 | -3.01% | 92.41 | 95.28 |
| 8 | MO JT MUN ELEC-BABS | 7.73% | 01/01/39 | -2.98% | 155.74 | 160.53 |
| 9 | VA ST CMWLTH UNIV-A | 4.96% | 01/01/44 | -2.88% | 131.10 | 134.98 |
| 10 | MIAMI-DADE COUNTY-REV | 4.00% | 10/01/41 | -2.75% | 118.24 | 121.59 |
Top 10 State Winners
Showcases the top 10 Muni State “Winners” based on yield movements between 10/15/21 – 10/22/21
| RANK | STATE | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | NJ | -41 bps | 1.93% | 2.34% |
| 2 | PA | -12 bps | 2.30% | 2.42% |
| 3 | IL | -5 bps | 2.47% | 2.52% |
| 4 | WV | -1 bps | 1.62% | 1.63% |
| 5 | CO | 15 bps | 1.82% | 1.67% |
| 6 | CT | 16 bps | 2.37% | 2.21% |
| 7 | NE | 17 bps | 1.85% | 1.67% |
| 8 | OR | 18 bps | 2.05% | 1.87% |
| 9 | FL | 18 bps | 1.93% | 1.75% |
| 10 | MD | 19 bps | 1.68% | 1.49% |
Top 10 State Losers
Showcases the top 10 Muni State “Losers” based on yield movements between 10/15/21 – 10/22/21
| RANK | STATE | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | KS | 105 bps | 2.39% | 1.34% |
| 2 | HI | 75 bps | 2.42% | 1.67% |
| 3 | WI | 66 bps | 2.16% | 1.50% |
| 4 | TN | 65 bps | 2.15% | 1.50% |
| 5 | MO | 62 bps | 2.47% | 1.85% |
| 6 | IA | 55 bps | 2.03% | 1.47% |
| 7 | LA | 54 bps | 2.50% | 1.95% |
| 8 | AL | 51 bps | 2.13% | 1.62% |
| 9 | WA | 49 bps | 2.23% | 1.74% |
| 10 | SC | 47 bps | 1.93% | 1.46% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 10/15/21 – 10/22/21 (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 10/15/21 – 10/22/21 (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 10/15/21 – 10/22/21 (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 10/15/21 – 10/22/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 10/15/21 vs. the week ending 10/22/21
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | NYC MUNI WTR FIN-BB-1 | 5.00% | 06/15/44 | 50 | 107 | 57 | 114% |
| 2 | NASHVILLE DAVIDSON-C | 3.00% | 01/01/34 | 7 | 55 | 48 | 686% |
| 3 | LOS ANGELES-A | 5.00% | 07/01/24 | 28 | 69 | 41 | 146% |
| 4 | NEW YORK ST DORM AUTH | 5.00% | 10/01/50 | 38 | 75 | 37 | 97% |
| 5 | LOWER COLORADO RIVER | 5.00% | 05/15/51 | 1 | 38 | 37 | 3700% |
| 6 | OHIO ST WTR DEV AUTH | 5.00% | 12/01/39 | 15 | 50 | 35 | 233% |
| 7 | WINDLER PUB IMPT AUTH | 4.00% | 12/01/41 | 20 | 54 | 34 | 170% |
| 8 | SAN MATEO-FOSTER-B | 5.00% | 08/01/25 | 10 | 43 | 33 | 330% |
| 9 | OHIO ST WTR DEV AUTH | 5.00% | 12/01/38 | 17 | 50 | 33 | 194% |
| 10 | GA ST ROAD & TOLLWY | 5.00% | 06/01/25 | 6 | 39 | 33 | 550% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 10/15/21 – 10/22/21
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | NYC MUNI WTR FIN-BB-1 | 4.00% | 06/15/45 | 28 |
| 2 | CALIFORNIA ST-REF | 5.00% | 09/01/29 | 27 |
| 3 | CALIFORNIA ST | 4.00% | 10/01/37 | 27 |
| 4 | NEW YORK -A-1 | 5.00% | 08/01/47 | 26 |
| 5 | CALIFORNIA ST | 4.00% | 10/01/36 | 26 |
| 6 | TN ENERGY ACQ CORP-A | 5.00% | 05/01/52 | 25 |
| 7 | NYC MUNI WTR FIN-BB-1 | 5.00% | 06/15/44 | 25 |
| 8 | CALIFORNIA ST-REF | 4.00% | 10/01/41 | 25 |
| 9 | CALIFORNIA ST | 4.00% | 10/01/39 | 25 |
| 10 | LOS ANGELES DEPT OF | 5.00% | 05/15/46 | 24 |
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