Municipals
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Municipal Bond Market Summary:
Week Ending 2/18/22
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 2/11/22 – 2/18/22
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | CA GLDGEN 3.12 06/01/2038 | 3.12% | 06/01/38 | 1.58% | 97.76 | 96.24 |
| 2 | CA MOJSCD 2.73 08/01/2037 | 2.73% | 08/01/37 | 1.53% | 96.95 | 95.49 |
| 3 | IL SCC 3.11 10/01/2040 | 3.11% | 10/01/40 | 1.40% | 97.35 | 96.00 |
| 4 | CT WTT 1.95 10/15/2030 | 1.95% | 10/15/30 | 1.38% | 98.21 | 96.87 |
| 5 | CA KGCSCD 0 08/01/2031 | 0.00% | 08/01/31 | 1.37% | 77.99 | 76.94 |
| 6 | CA AZU 2.79 08/01/2031 | 2.79% | 08/01/31 | 1.26% | 99.38 | 98.14 |
| 7 | TX DALAPT 2.92 11/01/2050 | 3.92% | 11/01/50 | 1.07% | 97.32 | 96.29 |
| 8 | PR PRCPWR 5 07/01/2032 | 5.00% | 07/01/32 | 1.02% | 97.72 | 96.73 |
| 9 | CA SGRSCD 2.83 08/01/2044 | 2.83% | 08/01/44 | 1.01% | 92.08 | 91.16 |
| 10 | MI MRTSCD 3.2 05/01/2046 | 3.20% | 05/01/46 | 0.99% | 102.44 | 101.44 |
Top 10 Losers
Showcases the top 10 Muni Bond “Losers” based on price movements between 2/11/22 – 2/18/22
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | WA ENEPWR 5 07/01/2028 | 5.00% | 07/01/28 | -5.87% | 116.74 | 124.02 |
| 2 | MD MDS 5 03/15/2033 | 5.00% | 03/15/33 | -5.86% | 124.11 | 131.84 |
| 3 | NJ NJSTRN 0 12/15/2030 | 0.00% | 12/15/30 | -5.76% | 79.67 | 84.54 |
| 4 | TX BEXGEN 2.13 08/15/2031 | 2.13% | 08/15/31 | -5.67% | 91.46 | 96.96 |
| 5 | TX HARUTL 2.12 04/01/2037 | 2.13% | 04/01/37 | -5.50% | 91.94 | 97.30 |
| 6 | CT WDH 2 09/15/2035 | 2.00% | 09/15/35 | -5.38% | 93.23 | 98.54 |
| 7 | TX FSC 2 02/15/2042 | 2.00% | 02/15/42 | -5.17% | 86.12 | 90.81 |
| 8 | CA UNVHGR 5 05/15/2033 | 5.00% | 05/15/33 | -5.14% | 128.01 | 134.94 |
| 9 | MO MOSMED 3.65 08/15/2057 | 3.65% | 08/15/57 | -5.12% | 108.19 | 114.03 |
| 10 | OH OHSMED 5 01/01/2033 | 5.00% | 01/01/33 | -5.08% | 112.18 | 118.18 |
Top 10 State Winners
Showcases the top 10 Muni State “Winners” based on yield movements between 2/11/22 – 2/18/22
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | MI | -50 bps | 2.17% | 2.67% |
| 2 | MA | -15 bps | 2.48% | 2.63% |
| 3 | OH | -15 bps | 2.01% | 2.15% |
| 4 | OR | -11 bps | 2.03% | 2.14% |
| 5 | VA | -8 bps | 2.04% | 2.12% |
| 6 | GA | -7 bps | 1.89% | 1.96% |
| 7 | HI | -7 bps | 2.34% | 2.40% |
| 8 | MO | -6 bps | 2.03% | 2.09% |
| 9 | NV | -4 bps | 2.19% | 2.22% |
| 10 | CO | -2 bps | 2.53% | 2.56% |
Top 10 State Losers
Showcases the top 10 Muni State “Losers” based on yield movements between 2/11/22 – 2/18/22
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | IL | 30 bps | 3.15% | 2.85% |
| 2 | NJ | 29 bps | 2.52% | 2.23% |
| 3 | ME | 25 bps | 2.07% | 1.83% |
| 4 | KS | 24 bps | 2.41% | 2.17% |
| 5 | DE | 22 bps | 2.18% | 1.96% |
| 6 | MD | 21 bps | 2.07% | 1.86% |
| 7 | PA | 19 bps | 2.62% | 2.42% |
| 8 | CT | 18 bps | 2.67% | 2.49% |
| 9 | WV | 17 bps | 1.99% | 1.81% |
| 10 | SC | 16 bps | 2.52% | 2.36% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 2/11/22 – 2/18/22 (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 2/11/22 – 2/18/22 (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 2/11/22 – 2/18/22 (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 2/11/22 – 2/18/22
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 2/11/22 vs. the week ending 2/18/22
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | NY NYCGEN 5 11/01/2029 | 5.00% | 11/01/29 | 20 | 89 | 69 | 345% |
| 2 | CA LOSSCD 4 07/01/2039 | 4.00% | 07/01/39 | 25 | 87 | 62 | 248% |
| 3 | NY NYSHGR 5 03/15/2035 | 5.00% | 03/15/35 | 5 | 55 | 50 | 1000% |
| 4 | NY NYCFAC 4 07/15/2035 | 4.00% | 07/15/35 | 46 | 92 | 46 | 100% |
| 5 | TX SANUTL 5 02/01/2042 | 5.00% | 02/01/42 | 19 | 61 | 42 | 221% |
| 6 | NC FOR 4 03/01/2030 | 4.00% | 03/01/30 | 4 | 46 | 42 | 1050% |
| 7 | NY NYCFAC 5 07/15/2037 | 5.00% | 07/15/37 | 3 | 45 | 42 | 1400% |
| 8 | CA LOSUTL 5 07/01/2051 | 5.00% | 07/01/51 | 24 | 65 | 41 | 171% |
| 9 | NC NCSTRN 5 07/01/2034 | 5.00% | 07/01/34 | 7 | 47 | 40 | 571% |
| 10 | CA SFOTRN 5 03/01/2026 | 5.00% | 03/01/26 | 11 | 50 | 39 | 355% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 2/11/22 – 2/18/22
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | WA WAS 5 02/01/2046 | 5.00% | 02/01/46 | 28 |
| 2 | CA LOSUTL 5 07/01/2051 | 5.00% | 07/01/51 | 28 |
| 3 | NY NYCDEV 4 02/15/2043 | 4.00% | 02/15/43 | 28 |
| 4 | NY TRBTRN 4 05/15/2051 | 4.00% | 05/15/51 | 26 |
| 5 | CA CASFIN 3 02/01/2046 | 3.00% | 02/01/46 | 25 |
| 6 | NY NYCDEV 2.75 02/15/2044 | 2.75% | 02/15/44 | 24 |
| 7 | WI PUBGEN 3 07/01/2050 | 3.00% | 07/01/50 | 23 |
| 8 | NY NYCUTL 5 06/15/2052 | 5.00% | 06/15/52 | 23 |
| 9 | TX DALTRN 4 12/01/2051 | 4.00% | 12/01/51 | 22 |
| 10 | CT CTS 4 01/15/2038 | 4.00% | 01/15/38 | 22 |
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