Municipals
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Municipal Bond Market Summary:
Week Ending 3/25/22
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 3/18/22 – 3/25/22
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | CA IDCGEN 1.75 12/15/2026 | 1.75% | 12/15/26 | 2.26% | 91.20 | 89.19 |
| 2 | AL UABGEN 3.12 09/01/2031 | 3.13% | 09/01/31 | 2.01% | 96.57 | 94.67 |
| 3 | TX TXSTRN 3.92 12/31/2049 | 3.92% | 12/31/49 | 1.59% | 99.02 | 97.46 |
| 4 | MI MISHGR 4.17 08/15/2122 | 4.17% | 08/15/22 | 1.40% | 95.47 | 94.15 |
| 5 | NV CLAAPT 6.82 07/01/2045 | 6.82% | 07/01/45 | 1.38% | 144.83 | 142.86 |
| 6 | PA MONHGR 4 05/01/2038 | 4.00% | 05/01/38 | 0.95% | 107.79 | 106.77 |
| 7 | CO COSMED 3.25 08/01/2049 | 3.25% | 08/01/49 | 0.89% | 93.15 | 92.32 |
| 8 | TX ARLSCD 5 02/15/2030 | 5.00% | 02/15/30 | 0.77% | 119.86 | 118.94 |
| 9 | TX BRYPWR 3 07/01/2041 | 3.00% | 07/01/41 | 0.77% | 98.96 | 98.21 |
| 10 | NY NYSHGR 2.25 07/01/2041 | 2.25% | 07/01/41 | 0.68% | 86.05 | 85.47 |
Top 10 Losers
Showcases the top 10 Muni Bond “Losers” based on price movements between 3/18/22 – 3/25/22
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | NY NYS 2.95 02/15/2034 | 2.95% | 02/15/34 | -7.82% | 92.31 | 100.15 |
| 2 | CA RIOSCD 0 08/01/2046 | 0.00% | 08/01/46 | -7.24% | 38.13 | 41.11 |
| 3 | NY MTATRN 0 11/15/2040 | 0.00% | 11/15/40 | -7.01% | 52.40 | 56.35 |
| 4 | CA TUSEDU 2.65 08/01/2042 | 2.65% | 08/01/42 | -6.93% | 83.58 | 89.80 |
| 5 | NY NYSTRN 3 01/01/2050 | 3.00% | 01/01/50 | -6.72% | 89.47 | 95.91 |
| 6 | FL SOUMED 3 05/01/2040 | 3.00% | 05/01/40 | -6.66% | 90.69 | 97.16 |
| 7 | CA SJHTRN 3.22 01/15/2035 | 3.22% | 01/15/35 | -6.53% | 93.83 | 100.38 |
| 8 | CA IDCGEN 3.2 06/15/2041 | 3.20% | 06/15/41 | -6.36% | 86.70 | 92.59 |
| 9 | CA DOWGEN 2.05 06/01/2032 | 2.05% | 06/01/32 | -6.34% | 84.66 | 90.39 |
| 10 | VA VASHSG 3 02/01/2047 | 3.00% | 02/01/47 | -6.33% | 85.29 | 91.05 |
Top 10 State Winners
Showcases the top 10 Muni State “Winners” based on yield movements between 3/18/22 – 3/25/22
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | CO | -8 bps | 2.74% | 2.82% |
| 2 | AZ | -7 bps | 2.60% | 2.67% |
| 3 | MN | 1 bps | 2.70% | 2.69% |
| 4 | WI | 3 bps | 2.69% | 2.66% |
| 5 | IA | 7 bps | 2.71% | 2.64% |
| 6 | FL | 9 bps | 2.64% | 2.55% |
| 7 | MI | 10 bps | 2.89% | 2.79% |
| 8 | UT | 10 bps | 2.39% | 2.29% |
| 9 | MD | 10 bps | 2.55% | 2.44% |
| 10 | IL | 10 bps | 3.46% | 3.36% |
Top 10 State Losers
Showcases the top 10 Muni State “Losers” based on yield movements between 3/18/22 – 3/25/22
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | OH | 43 bps | 2.98% | 2.55% |
| 2 | DC | 41 bps | 3.03% | 2.62% |
| 3 | NE | 36 bps | 2.72% | 2.36% |
| 4 | AL | 34 bps | 2.76% | 2.41% |
| 5 | MS | 30 bps | 2.82% | 2.52% |
| 6 | TN | 30 bps | 2.57% | 2.27% |
| 7 | GA | 29 bps | 2.75% | 2.46% |
| 8 | NJ | 28 bps | 3.19% | 2.91% |
| 9 | NV | 28 bps | 2.62% | 2.35% |
| 10 | CT | 24 bps | 2.85% | 2.61% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 3/18/22 – 3/25/22 (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 3/18/22 – 3/25/22 (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 3/18/22 – 3/25/22 (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 3/18/22 – 3/25/22
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 3/18/22 vs. the week ending 3/25/22
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | VA FAIUTL 4 07/15/2051 | 4.00% | 07/15/51 | 20 | 78 | 58 | 290% |
| 2 | MD MDS 4 06/01/2028 | 4.00% | 06/01/28 | 1 | 57 | 56 | 5600% |
| 3 | CA OCESCD 4 08/01/2040 | 4.00% | 08/01/40 | 11 | 62 | 51 | 464% |
| 4 | UT UTSMED 5 05/15/2050 | 5.00% | 05/15/50 | 25 | 76 | 51 | 204% |
| 5 | CA STOSCD 4 08/01/2037 | 4.00% | 08/01/37 | 11 | 57 | 46 | 418% |
| 6 | CA STOSCD 4 08/01/2038 | 4.00% | 08/01/38 | 11 | 57 | 46 | 418% |
| 7 | CA VVDSCD 4 08/01/2039 | 4.00% | 08/01/39 | 11 | 57 | 46 | 418% |
| 8 | CA MVYSCD 4 08/01/2041 | 4.00% | 08/01/41 | 11 | 57 | 46 | 418% |
| 9 | CA CAS 5 09/01/2030 | 5.00% | 09/01/30 | 61 | 105 | 44 | 72% |
| 10 | UT SALAPT 5 07/01/2051 | 5.00% | 07/01/51 | 33 | 72 | 39 | 118% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 3/18/22 – 3/25/22
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | NY TRBTRN 4 05/15/2051 | 4.00% | 05/15/51 | 31 |
| 2 | FL ORAMED 4 10/01/2052 | 4.00% | 10/01/52 | 31 |
| 3 | NY NYCUTL 5 06/15/2052 | 5.00% | 06/15/52 | 30 |
| 4 | NY NYCGEN 4 02/01/2046 | 4.00% | 02/01/46 | 29 |
| 5 | TX WACSCD 4 08/15/2047 | 4.00% | 08/15/47 | 26 |
| 6 | CO COSMED 4 01/01/2040 | 4.00% | 01/01/40 | 25 |
| 7 | CA SFOTRN 3 08/01/2050 | 3.00% | 08/01/50 | 25 |
| 8 | WA WAS 5 02/01/2045 | 5.00% | 02/01/45 | 24 |
| 9 | AL BBEUTL 10/01/2052 | 4.00% | 10/01/52 | 23 |
| 10 | CA CAS 5 09/01/2030 | 5.00% | 09/01/30 | 23 |
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