Municipals
GET OUR MUNICIPAL BOND MARKET SUMMARIES STRAIGHT TO YOUR INBOX. LEARN MORE
Municipal Bond Market Summary:
Week Ending 5/22/20
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 5/15/20 – 5/22/20
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | N TX HWY CABS-REF-1ST | 0.00% | 01/01/34 | 7.30% | 72.36 | 67.44 |
| 2 | UNIV OF MN RGTS-A | 5.00% | 09/01/30 | 7.10% | 128.01 | 119.53 |
| 3 | NJ HLTH CARE FACS FIN | 5.00% | 07/01/39 | 6.21% | 117.38 | 110.52 |
| 4 | CLEVELAND ETC PORT | 5.50% | 12/01/53 | 6.13% | 97.67 | 92.03 |
| 5 | UNIV OF TEXAS UNIV-A | 3.50% | 08/15/50 | 6.08% | 127.23 | 119.94 |
| 6 | NJ HLTH CARE-A-REF | 5.00% | 07/01/43 | 6.06% | 116.64 | 109.97 |
| 7 | CHICAGO HEIGHTS | 5.23% | 12/01/39 | 5.95% | 107.54 | 101.50 |
| 8 | NASSAU CNTY-C-REF | 5.00% | 10/01/26 | 5.94% | 123.16 | 116.26 |
| 9 | FORT BEND TX INDEP SC | 3.00% | 08/15/37 | 5.54% | 109.06 | 103.34 |
| 10 | LONG ISLAND PWR AUTH | 5.00% | 09/01/35 | 5.52% | 121.68 | 115.31 |
Top 10 Losers
Showcases the top 10 Muni Bond “Losers” based on price movements between 5/15/20 – 5/22/20
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | PARK CREEK MET-A | 4.00% | 12/01/51 | -7.64% | 94.25 | 102.04 |
| 2 | DASNY-F-UNREFUNDED | 3.19% | 02/15/43 | -5.10% | 98.28 | 103.57 |
| 3 | S W OH LOCAL SCH DIST | 4.00% | 01/15/55 | -3.92% | 112.98 | 117.59 |
| 4 | NH TPK TXB-A-BABS | 5.48% | 11/01/24 | -3.23% | 115.86 | 119.73 |
| 5 | SADDLE RIVER BORO BOE | 2.00% | 03/01/35 | -3.05% | 97.76 | 100.84 |
| 6 | BROOKHAVEN DEV AUTH-A | 5.00% | 07/01/34 | -2.99% | 117.80 | 121.43 |
| 7 | CALIFORNIA EDUCTNL-A | 5.00% | 12/01/37 | -2.88% | 104.01 | 107.10 |
| 8 | CANAVERAL PORT AUTH | 5.00% | 06/01/25 | -2.81% | 108.78 | 111.93 |
| 9 | ST LANDRY RD DIST #1 | 3.75% | 03/01/28 | -2.81% | 108.47 | 111.61 |
| 10 | WILL HSD#210-CABS-B | 0.00% | 01/01/28 | -2.65% | 73.92 | 75.93 |
Top 10 State Winners
Showcases the top 10 Muni State “Winners” based on yield movements between 5/15/20 – 5/22/20
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | IN | -53 bps | 2.00% | 2.52% |
| 2 | DC | -51 bps | 1.27% | 1.77% |
| 3 | MS | -33 bps | 1.70% | 2.03% |
| 4 | TX | -26 bps | 1.83% | 2.09% |
| 5 | NM | -25 bps | 1.66% | 1.91% |
| 6 | NY | -25 bps | 1.92% | 2.17% |
| 7 | ME | -22 bps | 1.17% | 1.38% |
| 8 | HI | -20 bps | 1.55% | 1.75% |
| 9 | NV | -18 bps | 2.05% | 2.24% |
| 10 | MT | -17 bps | 1.51% | 1.68% |
Top 10 State Losers
Showcases the top 10 Muni State “Losers” based on yield movements between 5/15/20 – 5/22/20
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | MO | 31 bps | 1.99% | 1.68% |
| 2 | MD | 17 bps | 1.61% | 1.44% |
| 3 | NC | 15 bps | 1.71% | 1.56% |
| 4 | GA | 9 bps | 1.79% | 1.70% |
| 5 | TN | 6 bps | 1.78% | 1.73% |
| 6 | VA | 4 bps | 1.75% | 1.72% |
| 7 | SC | 3 bps | 1.85% | 1.82% |
| 8 | UT | 1 bps | 1.54% | 1.53% |
| 9 | RI | 1 bps | 1.88% | 1.87% |
| 10 | KS | -1 bps | 1.85% | 1.87% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 5/15/20 – 5/22/20 (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 5/15/20 – 5/22/20 (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 5/15/20 – 5/22/20 (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 5/15/20 – 5/22/20
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 5/15/20 vs. the week ending 5/22/20
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | NORTH TEXAS TOLLWAY | 4.00% | 01/01/37 | 25 | 104 | 79 | 316% |
| 2 | NORTHSIDE ISD | 3.00% | 06/01/47 | 3 | 65 | 62 | 2067% |
| 3 | FAIRFAX CO-A | 5.00% | 10/01/36 | 20 | 78 | 58 | 290% |
| 4 | FAIRFAX CO | 5.00% | 10/01/32 | 11 | 60 | 49 | 445% |
| 5 | NORTHSIDE ISD | 4.00% | 06/01/36 | 3 | 48 | 45 | 1500% |
| 6 | NEW YORK DORM AUTH-A2 | 5.00% | 10/01/46 | 5 | 50 | 45 | 900% |
| 7 | E. KY UNIVERSITY-A | 5.00% | 04/01/26 | 6 | 50 | 44 | 733% |
| 8 | WEST VIRGINIA ST-A | 5.00% | 06/01/41 | 1 | 45 | 44 | 4400% |
| 9 | MIAMIDADE EXPWY-A-REF | 5.00% | 07/01/33 | 32 | 75 | 43 | 134% |
| 10 | CALIFORNIA ST PUBLIC | 5.00% | 11/01/37 | 21 | 64 | 43 | 205% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 5/15/20 – 5/22/20
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | CALIFORNIA ST | 3.00% | 03/01/46 | 31 |
| 2 | LOS ANGELES CA DEPT O | 5.00% | 07/01/28 | 31 |
| 3 | COLUMBUS OH | 5.00% | 04/01/33 | 30 |
| 4 | CALIFORNIA ST | 4.00% | 03/01/40 | 29 |
| 5 | CALIFORNIA ST | 5.00% | 03/01/33 | 29 |
| 6 | MULTNOMAH CO SD #1J | 5.00% | 06/15/29 | 29 |
| 7 | CALIFORNIA ST | 3.00% | 03/01/50 | 29 |
| 8 | HAWAII ST | 5.00% | 10/01/29 | 28 |
| 9 | COLLIN CNTY TX CMNTY | 5.00% | 08/15/32 | 27 |
| 10 | CALIFORNIA ST | 4.00% | 03/01/38 | 27 |
Stay up-to-date with weekly summaries.
