Municipals
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Municipal Bond Market Summary:
Week Ending 2/25/22
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 2/18/22 – 2/25/22
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | CO UCOHGR 2.61 06/01/2042 | 2.61% | 06/01/42 | 5.75% | 92.00 | 87.00 |
| 2 | NJ NJSDEV 5 06/15/2042 | 5.00% | 06/15/42 | 5.32% | 118.85 | 112.85 |
| 3 | MD MDSTRN 3.5 10/01/2033 | 3.50% | 10/01/33 | 4.51% | 111.54 | 106.72 |
| 4 | OK OKSPWR 5 01/01/2027 | 5.00% | 01/01/27 | 4.34% | 120.37 | 115.36 |
| 5 | MD MDSMED 4 07/01/2041 | 4.00% | 07/01/41 | 3.70% | 112.15 | 108.15 |
| 6 | NJ RUTHGR 3.92 05/01/2119 | 3.92% | 05/01/19 | 3.22% | 105.72 | 102.42 |
| 7 | CA CASFAC 5 11/01/2023 | 5.00% | 11/01/23 | 2.83% | 109.77 | 106.75 |
| 8 | MO MOSMED 3.65 01/15/2046 | 3.65% | 01/15/46 | 2.56% | 110.33 | 107.57 |
| 9 | MD MONMFH 2.1 07/01/2052 | 2.10% | 07/01/52 | 2.43% | 90.19 | 88.05 |
| 10 | TX UNIHGR 2.44 08/15/2049 | 2.44% | 08/15/49 | 2.33% | 90.90 | 88.83 |
Top 10 Losers
Showcases the top 10 Muni Bond “Losers” based on price movements between 2/18/22 – 2/25/22
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | CO ELPEDU 4 12/01/2041 | 4.00% | 12/01/41 | -6.87% | 113.09 | 121.44 |
| 2 | CA OCVSCD 2.38 08/01/2050 | 2.38% | 08/01/50 | -5.08% | 88.03 | 92.75 |
| 3 | CA LOSAPT 5 05/15/2042 | 5.00% | 05/15/42 | -4.95% | 112.47 | 118.33 |
| 4 | IL ILS 4 03/01/2041 | 4.00% | 03/01/41 | -4.50% | 107.53 | 112.60 |
| 5 | CA SMTSCD 4 08/01/2036 | 4.00% | 08/01/36 | -4.18% | 114.16 | 119.14 |
| 6 | MA MASDEV 4 10/01/2050 | 4.00% | 10/01/50 | -3.91% | 106.77 | 111.11 |
| 7 | PA BUCMED 3 08/15/2050 | 3.00% | 08/15/50 | -3.89% | 97.71 | 101.67 |
| 8 | NJ NJSEDU 2 03/01/2036 | 2.00% | 03/01/36 | -3.87% | 93.58 | 97.35 |
| 9 | FL MIAUTL 4 10/01/2040 | 4.00% | 10/01/40 | -3.65% | 110.30 | 114.48 |
| 10 | SC STJFAC 2 04/01/2037 | 2.00% | 04/01/37 | -3.55% | 91.41 | 94.78 |
Top 10 State Winners
Showcases the top 10 Muni State “Winners” based on yield movements between 2/18/22 – 2/25/22
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | AZ | -29 bps | 2.19% | 2.48% |
| 2 | DE | -19 bps | 1.99% | 2.18% |
| 3 | WA | -15 bps | 2.67% | 2.81% |
| 4 | DC | -15 bps | 2.71% | 2.86% |
| 5 | NE | -12 bps | 2.10% | 2.22% |
| 6 | MN | -12 bps | 2.23% | 2.34% |
| 7 | AL | -12 bps | 2.12% | 2.23% |
| 8 | CT | -10 bps | 2.57% | 2.67% |
| 9 | VA | -10 bps | 1.95% | 2.06% |
| 10 | OH | -8 bps | 1.92% | 2.01% |
Top 10 State Losers
Showcases the top 10 Muni State “Losers” based on yield movements between 2/18/22 – 2/25/22
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | MI | 31 bps | 2.49% | 2.17% |
| 2 | OR | 31 bps | 2.34% | 2.03% |
| 3 | MO | 26 bps | 2.28% | 2.03% |
| 4 | GA | 21 bps | 2.10% | 1.89% |
| 5 | NV | 17 bps | 2.36% | 2.19% |
| 6 | FL | 17 bps | 2.39% | 2.23% |
| 7 | HI | 16 bps | 2.49% | 2.33% |
| 8 | CO | 15 bps | 2.69% | 2.54% |
| 9 | KS | 13 bps | 2.54% | 2.41% |
| 10 | UT | 13 bps | 2.01% | 1.88% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 2/18/22 – 2/25/22 (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 2/18/22 – 2/25/22 (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 2/18/22 – 2/25/22 (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 2/18/22 – 2/25/22
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 2/18/22 vs. the week ending 2/25/22
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | TX TXSTRN 0 08/15/2028 | 0.00% | 08/15/28 | 12 | 62 | 50 | 417% |
| 2 | TX LFLTRN 5 11/01/2025 | 5.00% | 11/01/25 | 6 | 50 | 44 | 733% |
| 3 | PA LEHMED 4 07/01/2035 | 4.00% | 07/01/35 | 10 | 53 | 43 | 430% |
| 4 | NY NYSHGR 4 03/15/2039 | 4.00% | 03/15/39 | 34 | 73 | 39 | 115% |
| 5 | WA WAS 5 08/01/2032 | 5.00% | 08/01/32 | 1 | 38 | 37 | 3700% |
| 6 | NY NYCGEN 4 02/01/2046 | 4.00% | 02/01/46 | 62 | 97 | 35 | 56% |
| 7 | KS SHAEDU 5 08/01/2041 | 5.00% | 08/01/41 | 4 | 37 | 33 | 825% |
| 8 | FL CPTEDU 5 06/01/2041 | 5.00% | 06/01/41 | 4 | 37 | 33 | 825% |
| 9 | MI ADVEDU 3.5 11/01/2024 | 3.50% | 11/01/24 | 4 | 37 | 33 | 825% |
| 10 | VA HENUTL 1.3 05/01/2028 | 5.00% | 06/15/41 | 4 | 37 | 33 | 825% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 2/18/22 – 2/25/22
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | NY NYCGEN 4 02/01/2046 | 4.00% | 02/01/46 | 31 |
| 2 | CA LOSUTL 5 07/01/2051 | 5.00% | 07/01/51 | 29 |
| 3 | NY TRBTRN 4 05/15/2051 | 4.00% | 05/15/51 | 28 |
| 4 | NY NYCDEV 4 02/15/2043 | 4.00% | 02/15/43 | 28 |
| 5 | WA WAS 5 02/01/2046 | 5.00% | 02/01/46 | 28 |
| 6 | AZ SALAGR 5 01/01/2032 | 5.00% | 01/01/32 | 27 |
| 7 | CA CASFIN 3 02/01/2046 | 3.00% | 02/01/46 | 25 |
| 8 | NY NYCUTL 5 06/15/2052 | 5.00% | 06/15/52 | 25 |
| 9 | CA SFOTRN 3 08/01/2050 | 3.00% | 08/01/50 | 24 |
| 10 | IL ILSGEN 3 08/15/2048 | 3.00% | 08/15/48 | 23 |
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