Municipals
GET OUR MUNICIPAL BOND MARKET SUMMARIES STRAIGHT TO YOUR INBOX. LEARN MORE
Municipal Bond Market Summary:
Week Ending 2/12/21
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 2/5/21 – 2/12/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | PUBLIC FIN AUTH-A | 6.75% | 08/01/31 | 10.00% | 110.51 | 100.46 |
| 2 | BIRMINGHAM CIVIC CTR | 5.00% | 07/01/28 | 4.81% | 124.01 | 118.32 |
| 3 | PUERTO RICO PUB IMPT | 6.50% | 07/01/40 | 3.92% | 80.54 | 77.50 |
| 4 | CA MUNI FIN AUTH -A | 5.00% | 12/01/54 | 3.78% | 113.82 | 109.68 |
| 5 | STOCKTON USD-TXB-C | 7.08% | 08/01/27 | 2.93% | 129.22 | 125.53 |
| 6 | LOS ANGELES IMPT-B | 4.00% | 11/01/33 | 2.93% | 117.62 | 114.27 |
| 7 | MET TRANSPRTN AUTH NY | 5.00% | 11/15/26 | 2.83% | 121.89 | 118.54 |
| 8 | LONG BCH NAT GAS-A | 5.00% | 11/15/35 | 2.73% | 141.97 | 138.19 |
| 9 | MA PORT AUTH-REF-A | 5.00% | 07/01/37 | 2.71% | 122.58 | 119.34 |
| 10 | ONEIDA CO LOCAL DEV | 5.00% | 07/01/51 | 2.71% | 163.29 | 158.98 |
Top 10 Losers
Showcases the top 10 Muni Bond “Losers” based on price movements between 2/5/21 – 2/12/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | SAN LUIS & DELTA-MEND | 3.20% | 03/01/45 | -7.38% | 101.98 | 110.11 |
| 2 | NTHRN IL MUN PWR-BABS | 7.82% | 01/01/40 | -3.57% | 160.31 | 166.24 |
| 3 | BAY AREA TOLL-S1 | 6.79% | 04/01/30 | -3.43% | 122.22 | 126.56 |
| 4 | MET WA DC ARPTS-CABS | 0.00% | 10/01/29 | -2.82% | 84.99 | 87.45 |
| 5 | MONTCLAIR REDEV-III-B | 6.00% | 09/01/27 | -2.57% | 121.45 | 124.65 |
| 6 | MD TRN AUTH | 5.79% | 07/01/29 | -2.35% | 127.02 | 130.08 |
| 7 | PUEBLO COPS-CNTY HLTH | 6.60% | 09/15/29 | -2.30% | 133.51 | 136.66 |
| 8 | MD H/E HELIX | 5.00% | 07/01/27 | -2.17% | 118.55 | 121.17 |
| 9 | SAN FRANCISCO COPS-D | 6.36% | 11/01/29 | -1.98% | 128.84 | 131.44 |
| 10 | MA ST-REF-A | 5.50% | 08/01/30 | -1.73% | 140.95 | 143.43 |
Top 10 State Winners
Showcases the top 10 Muni State “Winners” based on yield movements between 2/5/21 – 2/12/21
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | NH | -27 bps | 1.01% | 1.29% |
| 2 | TN | -21 bps | 1.11% | 1.32% |
| 3 | CO | -17 bps | 1.22% | 1.39% |
| 4 | WA | -15 bps | 1.36% | 1.51% |
| 5 | WV | -12 bps | 0.94% | 1.06% |
| 6 | OK | -11 bps | 1.03% | 1.14% |
| 7 | DE | -10 bps | 0.79% | 0.89% |
| 8 | MA | -9 bps | 1.49% | 1.58% |
| 9 | IL | -7 bps | 2.31% | 2.38% |
| 10 | ID | -5 bps | 1.12% | 1.17% |
Top 10 State Losers
Showcases the top 10 Muni State “Losers” based on yield movements between 2/5/21 – 2/12/21
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | SC | 48 bps | 1.42% | 0.95% |
| 2 | KS | 38 bps | 2.32% | 1.95% |
| 3 | HI | 36 bps | 1.98% | 1.62% |
| 4 | AR | 27 bps | 1.96% | 1.69% |
| 5 | WI | 26 bps | 1.40% | 1.14% |
| 6 | AZ | 24 bps | 1.49% | 1.25% |
| 7 | LA | 23 bps | 1.94% | 1.71% |
| 8 | MI | 18 bps | 1.66% | 1.48% |
| 9 | IN | 16 bps | 1.55% | 1.39% |
| 10 | GA | 15 bps | 1.19% | 1.04% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 2/5/21 – 2/12/21 (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 2/5/21 – 2/12/21 (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 2/5/21 – 2/12/21 (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 2/5/21 – 2/12/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 2/5/21 vs. the week ending 2/12/21
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | PR SALES TAX FING-A1 | 5.00% | 07/01/58 | 36 | 103 | 67 | 186% |
| 2 | GEORGIA ST-E-REF | 5.00% | 12/01/26 | 5 | 61 | 56 | 1120% |
| 3 | TARRANT REGL WTR DT-B | 1.95% | 09/01/35 | 10 | 64 | 54 | 540% |
| 4 | GEORGIA ST-A | 5.00% | 07/01/28 | 15 | 65 | 50 | 333% |
| 5 | TARRANT REGL WTR DT-B | 2.00% | 09/01/36 | 9 | 59 | 50 | 556% |
| 6 | TARRANT REGL WTR DT-B | 1.70% | 09/01/33 | 8 | 54 | 46 | 575% |
| 7 | WACO ISD-TXBL-REF | 1.44% | 08/15/31 | 8 | 54 | 46 | 575% |
| 8 | NORTH CAROLINA ST | 5.00% | 03/01/28 | 11 | 51 | 40 | 364% |
| 9 | TOBACCO SETTLEMENT-A | 5.00% | 06/01/28 | 2 | 42 | 40 | 2000% |
| 10 | TARRANT REGL WTR DT-A | 2.00% | 09/01/44 | 3 | 42 | 39 | 1300% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 2/5/21 – 2/12/21
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | MIAMI-DADE CO WTR&SWR | 4.00% | 10/01/49 | 42 |
| 2 | PENNSYLVANIA ST TURNP | 4.00% | 12/01/50 | 33 |
| 3 | DASNY-A-REF-GROUP 2 | 4.00% | 03/15/37 | 33 |
| 4 | TEXAS ST WTR DEV BRD | 4.00% | 04/15/51 | 32 |
| 5 | UNIV OF TEXAS UNIV-A | 5.00% | 08/15/30 | 31 |
| 6 | NEW YORK ST DORM AUTH | 4.00% | 03/15/46 | 30 |
| 7 | NY ST URBAN DEV-E-2 | 4.00% | 03/15/38 | 29 |
| 8 | MASSACHUSETTS ST | 5.00% | 11/01/50 | 29 |
| 9 | WISCONSIN-REF-2 | 5.00% | 05/01/29 | 28 |
| 10 | SAN FRANCISCO CA BAY | 3.00% | 08/01/50 | 28 |
Stay up-to-date with weekly summaries.
