Municipals
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Municipal Bond Market Summary:
Week Ending 11/26/21
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 11/19/21 – 11/26/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | BULLHEAD CITY FIRE DT | 2.68% | 07/01/34 | 2.12% | 100.85 | 98.75 |
| 2 | FOOTHILL ESTRN TRANSP | 3.06% | 01/15/43 | 1.96% | 100.98 | 99.04 |
| 3 | ND HSG FIN AGY -B | 2.60% | 01/01/43 | 1.92% | 101.92 | 100.00 |
| 4 | EAST CAROLINA UNIV-A | 3.50% | 10/01/43 | 1.79% | 108.18 | 106.28 |
| 5 | NY ST URBAN DEV-E-2 | 4.00% | 03/15/34 | 1.78% | 119.56 | 117.47 |
| 6 | PARAMOUNT-TXBL | 3.25% | 06/01/38 | 1.69% | 101.02 | 99.34 |
| 7 | SOUTH DAKOTA ST HLTH | 3.28% | 07/01/33 | 1.69% | 112.27 | 110.41 |
| 8 | SEMITROPIC IMP DIST-A | 2.74% | 12/01/28 | 1.65% | 105.49 | 103.78 |
| 9 | NYC TRANSITIONAL-S-1A | 4.00% | 07/15/35 | 1.60% | 121.89 | 119.97 |
| 10 | LAFAYETTE PSH SCH BRD | 5.00% | 04/01/48 | 1.55% | 122.71 | 120.84 |
Top 10 Losers
Showcases the top 10 Muni Bond “Losers” based on price movements between 11/19/21 – 11/26/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | LAKE HOUSTON REDEV | 2.50% | 09/01/41 | -2.79% | 93.31 | 95.98 |
| 2 | CSCDA CMNTY IMPT AUTH | 3.13% | 08/01/56 | -2.61% | 91.75 | 94.21 |
| 3 | OVIEDO -A -REV -REF | 4.00% | 10/01/36 | -2.49% | 119.42 | 122.46 |
| 4 | MICHIGAN ST-B | 2.50% | 05/15/40 | -2.33% | 99.03 | 101.38 |
| 5 | COMPTON CMNTY CLG DT | 3.09% | 08/01/35 | -2.10% | 102.85 | 105.05 |
| 6 | UNIV OF NC BRD | 2.60% | 04/01/30 | -1.96% | 104.44 | 106.53 |
| 7 | SALES TAX SECURITIZTN | 4.64% | 01/01/40 | -1.81% | 118.07 | 120.25 |
| 8 | OHIO UNIV GEN RECPTS | 2.40% | 12/01/34 | -1.80% | 97.97 | 99.76 |
| 9 | BELMONT-REDWOOD-A-1 | 1.79% | 08/01/30 | -1.60% | 96.88 | 98.45 |
| 10 | WILKINSBURG-PENN JT | 4.00% | 09/15/34 | -1.52% | 120.05 | 121.90 |
Top 10 State Winners
Showcases the top 10 Muni State “Winners” based on yield movements between 11/19/21 – 11/26/21
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | KS | -31 bps | 1.91% | 2.22% |
| 2 | NJ | -28 bps | 1.95% | 2.23% |
| 3 | FL | -27 bps | 1.77% | 2.04% |
| 4 | HI | -26 bps | 1.91% | 2.17% |
| 5 | PA | -24 bps | 2.18% | 2.43% |
| 6 | LA | -18 bps | 2.20% | 2.39% |
| 7 | IA | -18 bps | 1.67% | 1.85% |
| 8 | MI | -16 bps | 2.25% | 2.41% |
| 9 | MO | -13 bps | 2.23% | 2.36% |
| 10 | MN | -12 bps | 1.76% | 1.88% |
Top 10 State Losers
Showcases the top 10 Muni State “Losers” based on yield movements between 11/19/21 – 11/26/21
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | IL | 35 bps | 2.50% | 2.14% |
| 2 | WA | 19 bps | 2.39% | 2.20% |
| 3 | DC | 13 bps | 2.09% | 1.96% |
| 4 | MA | 12 bps | 2.15% | 2.03% |
| 5 | GA | 12 bps | 1.86% | 1.74% |
| 6 | AZ | 9 bps | 1.82% | 1.73% |
| 7 | OH | 8 bps | 2.09% | 2.00% |
| 8 | CA | 7 bps | 2.26% | 2.20% |
| 9 | TX | 4 bps | 2.36% | 2.32% |
| 10 | NC | 3 bps | 1.48% | 1.45% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 11/19/21 – 11/26/21 (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 11/19/21 – 11/26/21 (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 11/19/21 – 11/26/21 (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 11/19/21 – 11/26/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 11/19/21 vs. the week ending 11/26/21
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | N TX HWY CABS-REF-1ST | 0.00% | 01/01/33 | 40 | 90 | 50 | 125% |
| 2 | TEXAS ST-A-REF-TRNSPR | 5.00% | 10/01/24 | 51 | 97 | 46 | 90% |
| 3 | MONTGOMERY CNTY MD-A | 5.00% | 11/01/24 | 32 | 74 | 42 | 131% |
| 4 | POWAY USD-CABS-IMPT | 0.00% | 08/01/38 | 45 | 87 | 42 | 93% |
| 5 | CALIFORNIA ST UNIV-A | 3.00% | 11/01/52 | 27 | 68 | 41 | 152% |
| 6 | NJ TRN FD CAB-SER C | 0.00% | 12/15/33 | 29 | 70 | 41 | 141% |
| 7 | HARRIS FLOOD CNTRL-A | 4.00% | 10/01/46 | 17 | 57 | 40 | 235% |
| 8 | HAMILTON CNTY HOSP-CC | 5.00% | 11/15/41 | 20 | 60 | 40 | 200% |
| 9 | CLARK CO-REF-REMK | 2.10% | 06/01/31 | 12 | 50 | 38 | 317% |
| 10 | FARMINGTON -REV -B | 1.80% | 04/01/29 | 4 | 42 | 38 | 950% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 11/19/21 – 11/26/21
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | NYC MUNI WTR FIN-BB-1 | 4.00% | 06/15/45 | 29 |
| 2 | NYC MUNI WTR FIN-AA-1 | 4.00% | 06/15/51 | 26 |
| 3 | MARYLAND STADIUM AUTH | 2.75% | 06/01/51 | 25 |
| 4 | NEW YORK ST DORM AUTH | 5.00% | 10/01/50 | 25 |
| 5 | TRIBOROUGH BRIDGE-A-1 | 5.00% | 05/15/51 | 25 |
| 6 | NEW YORK -A-1 | 5.00% | 08/01/47 | 23 |
| 7 | TEXAS ST-A-REF-TRNSPR | 5.00% | 10/01/24 | 23 |
| 8 | MET WASHINGTON DC ARP | 4.00% | 10/01/51 | 22 |
| 9 | LOS ANGELES DEPT OF | 5.00% | 05/15/46 | 22 |
| 10 | SALT LAKE-A-AMT | 5.00% | 07/01/46 | 22 |
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