Municipals
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Municipal Bond Market Summary:
Week Ending 10/7/22
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 9/30/22 – 10/7/22
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | CA CASFAC 4.00 03/01/2045 | 4.00% | 03/01/45 | 6.70% | 98.58 | 92.39 |
| 2 | CA CARSCD 3.00 08/01/2046 | 3.00% | 08/01/46 | 6.25% | 76.99 | 72.47 |
| 3 | VA UNIHGR 4.00 08/01/2048 | 4.00% | 08/01/48 | 6.06% | 94.73 | 89.31 |
| 4 | CA GLEHGR 4.00 08/01/2050 | 4.00% | 08/01/50 | 5.75% | 95.02 | 89.85 |
| 5 | TX CRASCD 4.00 08/15/2042 | 4.00% | 08/15/42 | 5.66% | 100.54 | 95.15 |
| 6 | MD BAL 4.00 03/01/2045 | 4.00% | 03/01/45 | 5.45% | 95.35 | 90.42 |
| 7 | CA SFOTRN 4.00 08/01/2042 | 4.00% | 08/01/42 | 5.39% | 96.96 | 92.00 |
| 8 | IL MPNFAC 4.00 12/15/2042 | 4.00% | 12/15/42 | 5.25% | 84.74 | 80.51 |
| 9 | FL PLKFAC 5.00 01/01/2049 | 5.00% | 01/01/49 | 5.21% | 93.11 | 88.50 |
| 10 | CT CTSHGR 4.00 06/01/2046 | 4.00% | 06/01/46 | 5.05% | 90.96 | 86.58 |
Top 10 Losers
Showcases the top 10 Muni Bond “Losers” based on price movements between 9/30/22 – 10/7/22
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | IL VERSCD 4.75 12/01/2041 | 4.75% | 12/01/41 | -6.38% | 89.11 | 95.18 |
| 2 | TX GPTTRN 3.22 10/01/2049 | 3.22% | 10/01/49 | -6.07% | 65.10 | 69.31 |
| 3 | CA CASHGR 2.72 11/01/2052 | 2.72% | 11/01/52 | -5.92% | 64.22 | 68.26 |
| 4 | CA CA SBTWTR 0.353 01/01/2021 2.73 01/01/2040 | 2.73% | 01/01/40 | -5.56% | 71.76 | 75.98 |
| 5 | NY CTQ 3.17 11/01/2036 | 3.17% | 11/01/36 | -5.54% | 75.76 | 80.20 |
| 6 | CA BAYTRN 3.28 04/01/2050 | 3.28% | 04/01/50 | -5.16% | 72.37 | 76.30 |
| 7 | CA SFOTRN 2.80 03/01/2044 | 2.80% | 03/01/44 | -5.07% | 66.87 | 70.44 |
| 8 | PA LEHWTR 3.23 12/01/2050 | 3.23% | 12/01/50 | -5.05% | 65.95 | 69.45 |
| 9 | PA PASTRN 5.00 12/01/2041 | 5.00% | 12/01/41 | -4.58% | 104.19 | 109.20 |
| 10 | KS KSSDEV 2.77 05/01/2051 | 2.77% | 05/01/51 | -4.53% | 63.16 | 66.15 |
Top 10 State Winners
Showcases the top 10 Muni State “Winners” based on yield movements between 9/30/22 – 10/7/22
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | MD | -914 bps | 3.49% | 12.63% |
| 2 | TN | -871 bps | 3.93% | 12.64% |
| 3 | NJ | -636 bps | 12.00% | 18.36% |
| 4 | TX | -272 bps | 6.01% | 8.73% |
| 5 | NY | -210 bps | 5.11% | 7.21% |
| 6 | CT | -99 bps | 7.71% | 8.69% |
| 7 | SC | -42 bps | 3.80% | 4.22% |
| 8 | NE | -40 bps | 3.53% | 3.92% |
| 9 | KS | -28 bps | 3.73% | 4.02% |
| 10 | AL | -27 bps | 3.83% | 4.09% |
Top 10 State Losers
Showcases the top 10 Muni State “Losers” based on yield movements between 9/30/22 – 10/7/22
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | WI | 21 bps | 4.28% | 4.07% |
| 2 | DE | 9 bps | 3.53% | 3.44% |
| 3 | MO | 6 bps | 4.00% | 3.95% |
| 4 | MS | 5 bps | 4.13% | 4.08% |
| 5 | IL | 5 bps | 4.27% | 4.22% |
| 6 | LA | -1 bps | 3.72% | 3.73% |
| 7 | UT | -2 bps | 3.44% | 3.46% |
| 8 | GA | -2 bps | 3.51% | 3.53% |
| 9 | WV | -4 bps | 3.81% | 3.85% |
| 10 | AZ | -5 bps | 3.80% | 3.85% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 9/30/22 – 10/7/22 (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 9/30/22 – 10/7/22 (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 9/30/22 – 10/7/22 (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 9/30/22 – 10/7/22
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 9/30/22 vs. the week ending 10/7/22
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | CA LOSUTL 4.00 07/01/2046 | 4.00% | 07/01/46 | 2 | 63 | 61 | 3050% |
| 2 | TX TXS 4.00 10/01/2044 | 4.00% | 10/01/44 | 5 | 60 | 55 | 1100% |
| 3 | NJ NJSDEV 0.00 02/15/2025 | 0.00% | 02/15/25 | 32 | 83 | 51 | 159% |
| 4 | NY ONEDEV 5.00 07/01/2051 | 5.00% | 07/01/51 | 5 | 52 | 47 | 940% |
| 5 | TX WIL 4.00 02/15/2034 | 4.00% | 02/15/34 | 22 | 68 | 46 | 209% |
| 6 | PA PAS 4.00 04/01/2033 | 4.00% | 04/01/33 | 25 | 69 | 44 | 176% |
| 7 | NY HMVDEV 5.00 07/01/2034 | 5.00% | 07/01/34 | 7 | 50 | 43 | 614% |
| 8 | NY MONDEV 5.50 06/01/2039 | 5.50% | 06/01/39 | 7 | 50 | 43 | 614% |
| 9 | NY DUTDEV 5.00 07/01/2036 | 5.00% | 07/01/36 | 7 | 50 | 43 | 614% |
| 10 | NY NASDEV 5.00 07/01/2034 | 5.00% | 07/01/34 | 7 | 50 | 43 | 614% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 9/30/22 – 10/7/22
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | MA UMAFAC 5.00 11/01/2052 | 5.00% | 11/01/52 | 30 |
| 2 | GA GA GASTRN 5 07/01/2022 5.00 07/01/2047 | 5.00% | 07/01/47 | 30 |
| 3 | TX MID 5.00 03/01/2047 | 5.00% | 03/01/47 | 30 |
| 4 | NY TRBTRN 5.00 11/15/2039 | 5.00% | 11/15/39 | 29 |
| 5 | NY TRBTRN 4.50 05/15/2052 | 4.50% | 05/15/52 | 27 |
| 6 | IL CHITRN 5.50 01/01/2055 | 5.50% | 01/01/55 | 27 |
| 7 | TX NRTTRN 4.13 01/01/2039 | 4.13% | 01/01/39 | 27 |
| 8 | PR PRCGEN 5.00 07/01/2058 | 5.00% | 07/01/58 | 27 |
| 9 | TX NRTTRN 4.13 01/01/2040 | 4.13% | 01/01/40 | 26 |
| 10 | NJ NJSHSG 4.50 10/01/2042 | 4.50% | 10/01/42 | 25 |
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