Municipals
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Municipal Bond Market Summary:
Week Ending 4/22/22
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 4/14/22 – 4/22/22
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | NY TRBTRN 3.75 11/15/2043 | 3.75% | 11/15/43 | 0.90% | 101.65 | 100.74 |
| 2 | VA LEXDEV 3.00 12/01/2036 | 3.00% | 12/01/36 | 0.85% | 99.89 | 99.05 |
| 3 | IL DEC 4.00 03/01/2042 | 4.00% | 03/01/42 | 0.70% | 101.44 | 100.73 |
| 4 | PR PRCTRN 5.25 07/01/2031 | 5.25% | 07/01/31 | 0.65% | 103.55 | 102.87 |
| 5 | MD MDSMED 3.00 07/01/2046 | 3.00% | 07/01/46 | 0.60% | 84.67 | 84.16 |
| 6 | CA OAKSCD 5.00 08/01/2028 | 5.00% | 08/01/28 | 0.59% | 110.70 | 110.06 |
| 7 | TX UNIHGR 5.26 07/01/2039 | 5.26% | 07/01/39 | 0.53% | 113.31 | 112.72 |
| 8 | AL ATHUTL 4.00 05/01/2052 | 4.00% | 05/01/52 | 0.49% | 99.62 | 99.14 |
| 9 | TX AVNSCD 4.00 02/15/2037 | 4.00% | 02/15/37 | 0.39% | 106.55 | 106.14 |
| 10 | MI SGW 4.00 05/01/2027 | 4.00% | 05/01/27 | 0.35% | 107.06 | 106.68 |
Top 10 Losers
Showcases the top 10 Muni Bond “Losers” based on price movements between 4/14/22 – 4/22/22
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | OH MAHUTL 2.13 12/01/2040 | 2.13% | 12/01/40 | -6.83% | 74.10 | 79.53 |
| 2 | AR UCAHGR 3.00 11/01/2044 | 3.00% | 11/01/44 | -6.67% | 86.77 | 92.97 |
| 3 | IL SCH 2.38 12/01/2038 | 2.38% | 12/01/38 | -6.63% | 79.90 | 85.57 |
| 4 | FL FLSEDU 3.00 06/01/2039 | 3.00% | 06/01/39 | -6.63% | 93.00 | 99.60 |
| 5 | CA OAK 3.00 01/15/2050 | 3.00% | 01/15/50 | -6.22% | 83.96 | 89.52 |
| 6 | NY PORTRN 4.00 07/15/2050 | 4.00% | 07/15/50 | -6.21% | 96.42 | 102.80 |
| 7 | CA GLDGEN 3.29 06/01/2042 | 3.29% | 06/01/42 | -6.20% | 81.52 | 86.91 |
| 8 | TX MONUTL 3.00 09/01/2038 | 3.00% | 09/01/38 | -6.14% | 89.22 | 95.06 |
| 9 | AL HUNMED 3.00 06/01/2050 | 3.00% | 06/01/50 | -6.11% | 83.21 | 88.63 |
| 10 | WI WISMED 4.00 02/15/2036 | 4.00% | 02/15/36 | -6.09% | 102.56 | 109.22 |
Top 10 State Winners
Showcases the top 10 Muni State “Winners” based on yield movements between 4/14/22 – 4/22/22
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | MO | 6 bps | 3.25% | 3.20% |
| 2 | IL | 6 bps | 3.75% | 3.69% |
| 3 | KS | 6 bps | 3.26% | 3.20% |
| 4 | AZ | 7 bps | 3.19% | 3.12% |
| 5 | PA | 8 bps | 3.49% | 3.41% |
| 6 | IA | 10 bps | 3.11% | 3.01% |
| 7 | MN | 10 bps | 3.18% | 3.08% |
| 8 | MD | 10 bps | 3.11% | 3.01% |
| 9 | HI | 10 bps | 3.37% | 3.26% |
| 10 | CA | 11 bps | 3.43% | 3.32% |
Top 10 State Losers
Showcases the top 10 Muni State “Losers” based on yield movements between 4/14/22 – 4/22/22
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | FL | 32 bps | 3.38% | 3.06% |
| 2 | CT | 28 bps | 3.59% | 3.31% |
| 3 | AL | 27 bps | 3.24% | 2.96% |
| 4 | OR | 25 bps | 3.25% | 3.00% |
| 5 | SC | 23 bps | 3.17% | 2.95% |
| 6 | WV | 20 bps | 3.11% | 2.91% |
| 7 | TX | 20 bps | 3.37% | 3.17% |
| 8 | NC | 20 bps | 2.85% | 2.65% |
| 9 | MA | 19 bps | 3.21% | 3.02% |
| 10 | NJ | 19 bps | 3.32% | 3.13% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 4/14/22 – 4/22/22 (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 4/14/22 – 4/22/22 (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 4/14/22 – 4/22/22 (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 4/14/22 – 4/22/22
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 4/14/22 vs. the week ending 4/22/22
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | NC WAK 5.00 09/01/2024 | 5.00% | 09/01/24 | 20 | 73 | 53 | 265% |
| 2 | TX ELPUTL 5.00 03/01/2046 | 5.00% | 03/01/46 | 14 | 64 | 50 | 357% |
| 3 | NY NYC 5.00 08/01/2024 | 5.00% | 08/01/24 | 10 | 59 | 49 | 490% |
| 4 | OR PTPAPT 5.00 07/01/2052 | 5.00% | 07/01/52 | 5 | 53 | 48 | 960% |
| 5 | UT ALPSCD 5.00 03/15/2025 | 5.00% | 03/15/25 | 5 | 53 | 48 | 960% |
| 6 | MN MINMED 5.00 11/15/2027 | 5.00% | 11/15/27 | 2 | 49 | 47 | 2350% |
| 7 | IL CHITRN 5.00 12/01/2057 | 5.00% | 12/01/57 | 15 | 61 | 46 | 307% |
| 8 | VA FAI 5.00 04/01/2024 | 5.00% | 04/01/24 | 5 | 45 | 40 | 800% |
| 9 | CA LOSUTL 5.00 07/01/2032 | 5.00% | 07/01/32 | 7 | 46 | 39 | 557% |
| 10 | CA SDGAPT 5.00 07/01/2051 | 5.00% | 07/01/51 | 8 | 46 | 38 | 475% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 4/14/22 – 4/22/22
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | NY NYCGEN 5.00 02/01/2047 | 5.00% | 02/01/47 | 27 |
| 2 | PR PRC 4.00 07/01/2037 | 4.00% | 07/01/37 | 27 |
| 3 | CA CAS 5.00 04/01/2032 | 5.00% | 04/01/32 | 26 |
| 4 | PR PRC 4.00 07/01/2033 | 4.00% | 07/01/33 | 25 |
| 5 | PR PRC 4.00 07/01/2041 | 4.00% | 07/01/41 | 25 |
| 6 | PR PRC 11/01/2043 | 0.00% | 11/01/43 | 25 |
| 7 | PR PRC 4.00 07/01/2046 | 4.00% | 07/01/46 | 24 |
| 8 | PR PRC 5.38 07/01/2025 | 5.38% | 07/01/25 | 24 |
| 9 | NY NYCGEN 5.00 02/01/2041 | 5.00% | 02/01/41 | 24 |
| 10 | CA CAS 5.00 09/01/2030 | 5.00% | 09/01/30 | 24 |
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