Municipals
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Municipal Bond Market Summary:
Week Ending 5/20/22
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 5/13/22 – 5/20/22
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | MA UMAFAC 3.50 11/01/2044 | 3.50% | 11/01/44 | 4.92% | 90.73 | 86.48 |
| 2 | NY NYCGEN 2.69 05/01/2033 | 2.69% | 05/01/33 | 2.93% | 88.65 | 86.12 |
| 3 | CA UNVHGR 3.93 05/15/2045 | 3.93% | 05/15/45 | 2.05% | 95.58 | 93.66 |
| 4 | FL OSCGEN 3.53 10/01/2041 | 3.53% | 10/01/41 | 2.05% | 87.91 | 86.14 |
| 5 | TX NWTSCD 3.54 02/15/2045 | 3.54% | 02/15/45 | 1.95% | 88.17 | 86.48 |
| 6 | CA WHIGEN 1.97 06/01/2031 | 1.97% | 06/01/31 | 1.93% | 81.08 | 79.54 |
| 7 | TX UNIHGR 4.79 08/15/2046 | 4.79% | 08/15/46 | 1.89% | 108.67 | 106.65 |
| 8 | NY NYC 2.02 08/01/2032 | 2.02% | 08/01/32 | 1.84% | 83.34 | 81.83 |
| 9 | CO REGTRN 5.84 11/01/2050 | 5.84% | 11/01/50 | 1.80% | 116.74 | 114.67 |
| 10 | PA CBPGEN 2.79 12/01/2033 | 2.79% | 12/01/33 | 1.76% | 85.75 | 84.27 |
Top 10 Losers
Showcases the top 10 Muni Bond “Losers” based on price movements between 5/13/22 – 5/20/22
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | FL TAMGEN 0.00 09/01/2039 | 0.00% | 09/01/39 | -6.16% | 45.28 | 48.25 |
| 2 | TX HOUAPT 4.00 07/01/2040 | 4.00% | 07/01/40 | -5.95% | 95.41 | 101.45 |
| 3 | VA ARLMED 3.75 07/01/2050 | 3.75% | 07/01/50 | -5.91% | 90.12 | 95.79 |
| 4 | IA IASMED 3.00 09/01/2061 | 3.00% | 09/01/61 | -5.89% | 72.47 | 77.01 |
| 5 | NY NYSHGR 2.25 07/01/2041 | 2.25% | 07/01/41 | -5.76% | 73.87 | 78.38 |
| 6 | MN ELYHSG 3.00 11/01/2041 | 3.00% | 11/01/41 | -5.72% | 88.95 | 94.34 |
| 7 | WI UNVMED 4.00 04/01/2051 | 4.00% | 04/01/51 | -5.69% | 90.64 | 96.11 |
| 8 | NY NYCGEN 4.00 11/01/2038 | 4.00% | 11/01/38 | -5.65% | 96.24 | 102.00 |
| 9 | NY NYSHSG 3.38 11/01/2049 | 3.38% | 11/01/49 | -5.65% | 82.43 | 87.37 |
| 10 | CA EASWTR 4.00 07/01/2038 | 4.00% | 07/01/38 | -5.41% | 99.10 | 104.77 |
Top 10 State Winners
Showcases the top 10 Muni State “Winners” based on yield movements between 5/13/22 – 5/20/22
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | NE | -15 bps | 3.44% | 3.59% |
| 2 | OH | -7 bps | 3.53% | 3.60% |
| 3 | DC | -6 bps | 3.76% | 3.82% |
| 4 | NC | -6 bps | 3.24% | 3.30% |
| 5 | HI | -4 bps | 3.78% | 3.81% |
| 6 | AZ | -3 bps | 3.60% | 3.64% |
| 7 | CO | -3 bps | 3.58% | 3.61% |
| 8 | MD | -1 bps | 3.32% | 3.34% |
| 9 | TX | 0 bps | 3.69% | 3.69% |
| 10 | CA | 1 bps | 3.77% | 3.76% |
Top 10 State Losers
Showcases the top 10 Muni State “Losers” based on yield movements between 5/13/22 – 5/20/22
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | IA | 967 bps | 13.04% | 3.37% |
| 2 | MI | 36 bps | 3.84% | 3.48% |
| 3 | AL | 31 bps | 3.63% | 3.32% |
| 4 | GA | 27 bps | 3.52% | 3.25% |
| 5 | LA | 19 bps | 3.88% | 3.69% |
| 6 | MO | 16 bps | 3.61% | 3.45% |
| 7 | OR | 16 bps | 3.60% | 3.44% |
| 8 | WA | 13 bps | 3.74% | 3.61% |
| 9 | SC | 11 bps | 3.61% | 3.49% |
| 10 | NV | 11 bps | 3.72% | 3.62% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 5/13/22 – 5/20/22 (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 5/13/22 – 5/20/22 (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 5/13/22 – 5/20/22 (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 5/13/22 – 5/20/22
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 5/13/22 vs. the week ending 5/20/22
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | CA CAS 4.00 10/01/2041 | 4.00% | 10/01/41 | 20 | 84 | 64 | 320% |
| 2 | FL MIAUTL 4.00 10/01/2051 | 4.00% | 10/01/51 | 35 | 98 | 63 | 180% |
| 3 | TX FORTRN 5.00 03/01/2031 | 5.00% | 03/01/31 | 13 | 74 | 61 | 469% |
| 4 | TX RCNSCD 5.00 02/15/2028 | 5.00% | 02/15/28 | 11 | 72 | 61 | 555% |
| 5 | FL FLSTRN 5.00 07/01/2028 | 5.00% | 07/01/28 | 6 | 66 | 60 | 1000% |
| 6 | WI EAU 5.00 09/01/2029 | 5.00% | 09/01/29 | 6 | 64 | 58 | 967% |
| 7 | KY KYSTRN 5.00 07/01/2031 | 5.00% | 07/01/31 | 11 | 69 | 58 | 527% |
| 8 | FL PASEDU 5.00 08/01/2028 | 5.00% | 08/01/28 | 6 | 64 | 58 | 967% |
| 9 | TX ALAHGR 5.00 08/15/2028 | 5.00% | 08/15/28 | 6 | 64 | 58 | 967% |
| 10 | KS KS SLN 2 09/01/2035 4.00 09/01/2028 | 4.00% | 09/01/28 | 6 | 64 | 58 | 967% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 5/13/22 – 5/20/22
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | CA CASEDU 5.00 11/01/2030 | 5.00% | 11/01/30 | 32 |
| 2 | NC CHAAPT 4.00 07/01/2047 | 4.00% | 07/01/47 | 30 |
| 3 | ID IDSGEN 5.00 08/15/2047 | 5.00% | 08/15/47 | 30 |
| 4 | CA CASMED 3.00 08/15/2051 | 3.00% | 08/15/51 | 29 |
| 5 | NY NYCGEN 5.00 02/01/2041 | 5.00% | 02/01/41 | 28 |
| 6 | CA UNVHGR 4.00 05/15/2053 | 4.00% | 05/15/53 | 26 |
| 7 | MA MASTRN 4.00 05/01/2025 | 4.00% | 05/01/25 | 26 |
| 8 | PA CGASCD 4.00 02/01/2051 | 4.00% | 02/01/51 | 25 |
| 9 | NY NYCUTL 5.00 06/15/2039 | 5.00% | 06/15/39 | 24 |
| 10 | MI MISFIN 4.00 12/01/2036 | 4.00% | 12/01/36 | 24 |
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