Municipals
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Municipal Bond Market Summary:
Week Ending 5/13/22
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 5/6/22 – 5/13/22
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | PA PA MONHGR 4 05/01/2041 3.03 05/01/2038 | 3.03% | 05/01/38 | 3.92% | 82.35 | 79.25 |
| 2 | AZ APAGEN 2.89 01/15/2038 | 2.89% | 01/15/38 | 3.79% | 79.63 | 76.73 |
| 3 | TX SANUTL 2.91 02/01/2048 | 2.91% | 02/01/48 | 3.34% | 79.20 | 76.64 |
| 4 | MI UNVHGR 3.50 04/01/2052 | 3.50% | 04/01/52 | 2.91% | 91.01 | 88.43 |
| 5 | NE NESHGR 4.47 07/15/2036 | 4.47% | 07/15/36 | 2.91% | 101.58 | 98.71 |
| 6 | CA MNPSCD 2.97 07/01/2038 | 2.97% | 07/01/38 | 2.74% | 86.06 | 83.76 |
| 7 | CA SFOWTR 4.04 11/01/2041 | 4.04% | 11/01/41 | 2.73% | 95.17 | 92.63 |
| 8 | CA FMTSCD 2.72 08/01/2040 | 2.72% | 08/01/40 | 2.63% | 78.89 | 76.86 |
| 9 | MA MAS 2.90 09/01/2049 | 2.90% | 09/01/49 | 2.62% | 79.83 | 77.79 |
| 10 | MI GRTWTR 3.06 07/01/2039 | 3.06% | 07/01/39 | 2.55% | 85.94 | 83.80 |
Top 10 Losers
Showcases the top 10 Muni Bond “Losers” based on price movements between 5/6/22 – 5/13/22
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | FL TAM 4.00 11/15/2046 | 4.00% | 11/15/46 | -6.59% | 90.84 | 97.25 |
| 2 | AZ PHOMED 4.00 11/15/2057 | 4.00% | 11/15/57 | -6.58% | 97.54 | 104.41 |
| 3 | IN INSPWR 3.00 01/01/2035 | 3.00% | 01/01/35 | -6.36% | 90.76 | 96.93 |
| 4 | CA ELTSCD 3.00 08/01/2048 | 3.00% | 08/01/48 | -6.23% | 79.58 | 84.86 |
| 5 | CA SMCSCD 4.00 08/01/2041 | 4.00% | 08/01/41 | -6.06% | 99.07 | 105.47 |
| 6 | TX FWDUTL 3.00 03/01/2041 | 3.00% | 03/01/41 | -5.96% | 85.58 | 91.00 |
| 7 | OH BERSCD 4.00 12/01/2053 | 4.00% | 12/01/53 | -5.96% | 94.76 | 100.77 |
| 8 | FL MIATRN 4.00 07/01/2050 | 4.00% | 07/01/50 | -5.87% | 95.98 | 101.96 |
| 9 | VA VASTRN 3.25 05/15/2043 | 3.25% | 05/15/43 | -5.79% | 85.06 | 90.28 |
| 10 | NY NYSTRN 3.00 01/01/2053 | 3.00% | 01/01/53 | -5.63% | 76.11 | 80.65 |
Top 10 State Winners
Showcases the top 10 Muni State “Winners” based on yield movements between 5/6/22 – 5/13/22
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | MI | -12 bps | 3.49% | 3.61% |
| 2 | AL | -11 bps | 3.31% | 3.42% |
| 3 | MO | -10 bps | 3.45% | 3.55% |
| 4 | CT | -9 bps | 3.64% | 3.73% |
| 5 | NV | -7 bps | 3.59% | 3.66% |
| 6 | KS | -5 bps | 3.52% | 3.57% |
| 7 | FL | -3 bps | 3.63% | 3.66% |
| 8 | IA | -3 bps | 3.35% | 3.38% |
| 9 | GA | -1 bps | 3.24% | 3.25% |
| 10 | WA | -1 bps | 3.60% | 3.62% |
Top 10 State Losers
Showcases the top 10 Muni State “Losers” based on yield movements between 5/6/22 – 5/13/22
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | WV | 21 bps | 3.69% | 3.48% |
| 2 | HI | 20 bps | 3.81% | 3.62% |
| 3 | NC | 18 bps | 3.28% | 3.09% |
| 4 | NJ | 16 bps | 3.79% | 3.63% |
| 5 | TN | 15 bps | 3.44% | 3.29% |
| 6 | MN | 14 bps | 3.43% | 3.30% |
| 7 | MA | 13 bps | 3.64% | 3.51% |
| 8 | NY | 12 bps | 3.70% | 3.58% |
| 9 | CA | 12 bps | 3.76% | 3.64% |
| 10 | WI | 9 bps | 3.65% | 3.56% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 5/6/22 – 5/13/22 (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 5/6/22 – 5/13/22 (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 5/6/22 – 5/13/22 (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 5/6/22 – 5/13/22
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 5/6/22 vs. the week ending 5/13/22
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | WA PTSGEN 4.00 06/01/2039 | 4.00% | 06/01/39 | 13 | 88 | 75 | 577% |
| 2 | NY NYSHGR 5.00 02/15/2035 | 5.00% | 02/15/35 | 10 | 83 | 73 | 730% |
| 3 | DC DCTTRN 5.00 07/15/2036 | 5.00% | 07/15/36 | 5 | 70 | 65 | 1300% |
| 4 | NY NYCFAC 5.00 07/15/2033 | 5.00% | 07/15/33 | 5 | 65 | 60 | 1200% |
| 5 | CA ELKSCD 4.00 08/01/2031 | 4.00% | 08/01/31 | 4 | 62 | 58 | 1450% |
| 6 | CA CASEDU 5.00 11/01/2030 | 5.00% | 11/01/30 | 90 | 148 | 58 | 64% |
| 7 | TX TXSTRN 5.00 08/15/2034 | 5.00% | 08/15/34 | 5 | 59 | 54 | 1080% |
| 8 | IA PLK 5.00 06/01/2024 | 5.00% | 06/01/24 | 12 | 64 | 52 | 433% |
| 9 | CA LOSUTL 5.00 07/01/2040 | 5.00% | 07/01/40 | 41 | 92 | 51 | 124% |
| 10 | IL SPRPWR 4.00 03/01/2040 | 4.00% | 03/01/40 | 9 | 59 | 50 | 556% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 5/6/22 – 5/13/22
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | CA CASEDU 5.00 11/01/2030 | 5.00% | 11/01/30 | 32 |
| 2 | NY NYCGEN 5.00 02/01/2041 | 5.00% | 02/01/41 | 32 |
| 3 | NY NYCGEN 5.00 02/01/2047 | 5.00% | 02/01/47 | 29 |
| 4 | UT SALAPT 5.00 07/01/2051 | 5.00% | 07/01/51 | 27 |
| 5 | MA MASTRN 4.00 05/01/2025 | 4.00% | 05/01/25 | 27 |
| 6 | NY NYCGEN 5.00 02/01/2042 | 5.00% | 02/01/42 | 26 |
| 7 | NY NYCUTL 5.00 06/15/2039 | 5.00% | 06/15/39 | 26 |
| 8 | CA UNVHGR 4.00 05/15/2053 | 4.00% | 05/15/53 | 25 |
| 9 | NY TRBTRN 4.00 05/15/2051 | 4.00% | 05/15/51 | 25 |
| 10 | PR PRC 4.00 07/01/2037 | 4.00% | 07/01/37 | 25 |
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