Municipals
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Municipal Bond Market Summary:
Week Ending 12/31/20
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 12/24/20 – 12/31/20
RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
1 | KANE CO SD #131-B | 4.15% | 06/01/41 | 2.92% | 118.29 | 114.93 |
2 | SA ENERGY ACQ PUB FAC | 5.50% | 08/01/27 | 2.27% | 127.85 | 125.00 |
3 | MTA NY TRANS-C-GREEN | 5.00% | 11/15/38 | 1.54% | 117.88 | 116.09 |
4 | KY HSG CORP-A-TXBL | 2.85% | 01/01/25 | 1.54% | 108.07 | 106.43 |
5 | WISCONSIN ST GEN FUND | 3.15% | 05/01/27 | 1.42% | 113.88 | 112.29 |
6 | MET TRANSPRTN AUTH NY | 5.00% | 11/15/25 | 1.42% | 116.62 | 114.99 |
7 | PR ELEC SER TT | 5.00% | 07/01/37 | 1.32% | 75.70 | 74.71 |
8 | NORTHVILLE CHRTR-BABS | 6.48% | 04/01/29 | 1.29% | 131.13 | 129.45 |
9 | NEW YORK-D-1 | 4.00% | 03/01/50 | 1.28% | 117.83 | 116.34 |
10 | PR-REF-PUB IMPT-A | 6.00% | 07/01/40 | 1.27% | 71.00 | 70.12 |
Top 10 Losers
Showcases the top 10 Muni Bond “Losers” based on price movements between 12/24/20 – 12/31/20
RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
1 | MERCED UHSD-C-CABS | 0.00% | 08/01/29 | -2.47% | 88.93 | 91.18 |
2 | PORT AUTH NY/NJ-TXBL | 4.03% | 09/01/48 | -2.44% | 95.33 | 97.71 |
3 | SAN RAMON VY SD-QSCB | 6.65% | 05/01/27 | -1.90% | 126.22 | 128.67 |
4 | JEFFERSON PSH SCH BRD | 4.00% | 02/01/31 | -1.83% | 122.38 | 124.66 |
5 | PR ELEC PWR-XX | 5.25% | 07/01/27 | -1.80% | 72.32 | 73.64 |
6 | IL FIN-A-LAKE FOREST | 6.00% | 10/01/48 | -1.53% | 98.92 | 100.46 |
7 | SAN JOSE CLG-B-2004 | 0.00% | 09/01/32 | -1.32% | 82.48 | 83.59 |
8 | MASSACHUSETTS ST-REF | 5.00% | 07/01/32 | -1.21% | 122.66 | 124.16 |
9 | CALIFORNIA ST PUBLIC | 4.00% | 03/01/45 | -1.09% | 119.88 | 121.20 |
10 | N BERGEN UTIL CAB-SUB | 0.00% | 12/15/30 | -1.07% | 86.95 | 87.89 |
Top 10 State Winners
Showcases the top 10 Muni State “Winners” based on yield movements between 12/24/20 – 12/31/20
RANK | STATE | CHANGE | YLD | YLD-1W |
1 | MO | -47 bps | 1.76% | 2.22% |
2 | OH | -35 bps | 1.98% | 2.33% |
3 | CT | -29 bps | 1.76% | 2.06% |
4 | AR | -16 bps | 2.38% | 2.53% |
5 | MD | -16 bps | 1.21% | 1.37% |
6 | PA | -12 bps | 1.60% | 1.72% |
7 | NV | -10 bps | 1.65% | 1.75% |
8 | IN | -8 bps | 1.60% | 1.68% |
9 | WV | -5 bps | 1.05% | 1.10% |
10 | AZ | -3 bps | 1.49% | 1.53% |
Top 10 State Losers
Showcases the top 10 Muni State “Losers” based on yield movements between 12/24/20 – 12/31/20
RANK | STATE | CHANGE | YLD | YLD-1W |
1 | AL | 28 bps | 1.84% | 1.56% |
2 | NE | 19 bps | 1.14% | 0.96% |
3 | NH | 17 bps | 0.95% | 0.77% |
4 | VA | 14 bps | 1.21% | 1.06% |
5 | HI | 13 bps | 1.91% | 1.77% |
6 | SC | 11 bps | 1.34% | 1.22% |
7 | MA | 11 bps | 2.18% | 2.07% |
8 | IA | 10 bps | 1.47% | 1.38% |
9 | MT | 9 bps | 1.27% | 1.18% |
10 | MN | 9 bps | 1.21% | 1.12% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 12/24/20 – 12/31/20 (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 12/24/20 – 12/31/20 (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 12/24/20 – 12/31/20 (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 12/24/20 – 12/31/20
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 12/24/20 vs. the week ending 12/31/20
RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
1 | NEW YORK CITY NY HSG | 2.80% | 11/01/60 | 9 | 66 | 57 | 633% |
2 | NEW YORK CITY NY HSG | 2.70% | 11/01/55 | 18 | 71 | 53 | 294% |
3 | UNIV OF CONNECTICUT – | 5.00% | 02/15/37 | 30 | 66 | 36 | 120% |
4 | MICHIGAN FIN AUTH | 4.00% | 11/01/45 | 45 | 80 | 35 | 78% |
5 | PORT AUTH OF NEW YORK | 4.00% | 11/01/37 | 31 | 64 | 33 | 106% |
6 | COBB CNTY GA DEV AUTH | 3.00% | 07/15/52 | 50 | 79 | 29 | 58% |
7 | FORT BEND CO-A-CTFS | 3.00% | 03/01/42 | 6 | 34 | 28 | 467% |
8 | MORGAN CO QUALITY WTR | 4.00% | 12/01/50 | 9 | 35 | 26 | 289% |
9 | HUDSON CO | 2.13% | 11/15/37 | 40 | 65 | 25 | 63% |
10 | PORT AUTH OF NEW YORK | 4.00% | 11/01/41 | 15 | 40 | 25 | 167% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 12/24/20 – 12/31/20
RANK | TRANCHE | COUPON | MATURITY | DEALERS |
1 | MASSACHUSETTS ST | 5.00% | 11/01/50 | 37 |
2 | MASSACHUSETTS ST | 4.00% | 11/01/40 | 31 |
3 | MASSACHUSETTS ST | 4.00% | 11/01/41 | 29 |
4 | TEXAS ST WTR DEV BRD | 4.00% | 04/15/51 | 29 |
5 | MASSACHUSETTS ST | 4.00% | 11/01/35 | 29 |
6 | NEW JERSEY ST-A | 3.00% | 06/01/32 | 27 |
7 | CALIFORNIA ST | 5.00% | 03/01/35 | 27 |
8 | MASSACHUSETTS ST | 4.00% | 11/01/37 | 26 |
9 | MASSACHUSETTS ST | 4.00% | 11/01/36 | 26 |
10 | MARYLAND ST-B-REF | 5.00% | 08/01/25 | 26 |
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