Municipals
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Municipal Bond Market Summary:
Week Ending 5/27/22
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 5/20/22 – 5/27/22
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | PR PRC 4.00 07/01/2035 | 4.00% | 07/01/35 | 13.28% | 97.83 | 86.36 |
| 2 | PA MONHGR 4.00 05/01/2056 | 4.00% | 05/01/56 | 12.26% | 98.25 | 87.52 |
| 3 | FL LAUGEN 3.00 10/01/2049 | 3.00% | 10/01/49 | 11.44% | 85.50 | 76.72 |
| 4 | NY NYSHGR 3.00 07/01/2041 | 3.00% | 07/01/41 | 10.96% | 94.23 | 84.93 |
| 5 | OH BUCGEN 5.00 06/01/2055 | 5.00% | 06/01/55 | 10.94% | 101.83 | 91.79 |
| 6 | CA OCESCD 0.00 08/01/2041 | 0.00% | 08/01/41 | 10.70% | 51.20 | 46.25 |
| 7 | CA CHISCD 3.00 08/01/2044 | 3.00% | 08/01/44 | 10.17% | 86.74 | 78.73 |
| 8 | PA PASTRN 3.00 12/01/2051 | 3.00% | 12/01/51 | 10.11% | 84.99 | 77.19 |
| 9 | IL ILSGEN 4.00 05/15/2050 | 4.00% | 05/15/50 | 9.67% | 99.05 | 90.32 |
| 10 | GA GAIMED 4.00 02/15/2051 | 4.00% | 02/15/51 | 9.60% | 100.42 | 91.62 |
Top 10 Losers
Showcases the top 10 Muni Bond “Losers” based on price movements between 5/20/22 – 5/27/22
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | TX LWD 3.13 02/01/2040 | 3.13% | 02/01/40 | -5.83% | 91.98 | 97.67 |
| 2 | MI AURUTL 3.00 05/01/2037 | 3.00% | 05/01/37 | -5.74% | 91.49 | 97.06 |
| 3 | MI CSCSCD 3.00 05/01/2036 | 3.00% | 05/01/36 | -5.45% | 91.92 | 97.21 |
| 4 | MI VANSCD 3.00 11/01/2045 | 3.00% | 11/01/45 | -3.94% | 84.89 | 88.37 |
| 5 | NY NYSHGR 3.88 07/01/2046 | 3.88% | 07/01/46 | -3.66% | 95.07 | 98.68 |
| 6 | MA UMAFAC 3.50 11/01/2044 | 3.50% | 11/01/44 | -3.45% | 87.60 | 90.73 |
| 7 | VA DAN 4.00 09/01/2030 | 4.00% | 09/01/30 | -3.27% | 103.91 | 107.42 |
| 8 | MN LKVSCD 4.00 02/01/2029 | 4.00% | 02/01/29 | -2.87% | 103.38 | 106.44 |
| 9 | MN ELYHSG 3.00 11/01/2041 | 3.00% | 11/01/41 | -2.46% | 86.76 | 88.95 |
| 10 | WI GRD 3.13 05/01/2041 | 3.13% | 05/01/41 | -2.43% | 95.38 | 97.75 |
Top 10 State Winners
Showcases the top 10 Muni State “Winners” based on yield movements between 5/20/22 – 5/27/22
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | WV | -79 bps | 2.99% | 3.78% |
| 2 | IL | -67 bps | 3.34% | 4.01% |
| 3 | NJ | -65 bps | 3.18% | 3.83% |
| 4 | PA | -56 bps | 3.35% | 3.91% |
| 5 | GA | -56 bps | 2.96% | 3.51% |
| 6 | NE | -54 bps | 2.88% | 3.42% |
| 7 | AL | -50 bps | 3.12% | 3.62% |
| 8 | MI | -48 bps | 3.36% | 3.84% |
| 9 | VA | -46 bps | 3.05% | 3.51% |
| 10 | NC | -46 bps | 2.76% | 3.22% |
Top 10 State Losers
Showcases the top 10 Muni State “Losers” based on yield movements between 5/20/22 – 5/27/22
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | SC | 851 bps | 12.10% | 3.59% |
| 2 | TX | 172 bps | 5.42% | 3.70% |
| 3 | MN | -15 bps | 3.33% | 3.49% |
| 4 | MD | -23 bps | 3.08% | 3.31% |
| 5 | NV | -25 bps | 3.45% | 3.70% |
| 6 | MO | -26 bps | 3.32% | 3.59% |
| 7 | DC | -27 bps | 3.46% | 3.74% |
| 8 | OR | -31 bps | 3.26% | 3.57% |
| 9 | IA | -34 bps | 12.70% | 13.03% |
| 10 | CT | -36 bps | 3.32% | 3.68% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 5/20/22 – 5/27/22 (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 5/20/22 – 5/27/22 (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 5/20/22 – 5/27/22 (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 5/20/22 – 5/27/22
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 5/20/22 vs. the week ending 5/27/22
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | NY TRBTRN 5.25 05/15/2052 | 5.25% | 05/15/52 | 56 | 115 | 59 | 105% |
| 2 | NY NYSHGR 4.00 03/15/2040 | 4.00% | 03/15/40 | 2 | 52 | 50 | 2500% |
| 3 | NY NYSDEV 5.00 03/15/2050 | 5.00% | 03/15/50 | 23 | 67 | 44 | 191% |
| 4 | CA CASFAC 4.00 04/01/2032 | 4.00% | 04/01/32 | 14 | 57 | 43 | 307% |
| 5 | PA MOOSCD 4.00 11/15/2030 | 4.00% | 11/15/30 | 36 | 75 | 39 | 108% |
| 6 | WA WAS 5.00 08/01/2034 | 5.00% | 08/01/34 | 22 | 61 | 39 | 177% |
| 7 | CO COSMED 4.00 08/01/2049 | 4.00% | 08/01/49 | 21 | 58 | 37 | 176% |
| 8 | MD MDS 5.00 03/01/2031 | 5.00% | 03/01/31 | 16 | 53 | 37 | 231% |
| 9 | TX NRESCD 4.00 08/01/2033 | 4.00% | 08/01/33 | 34 | 70 | 36 | 106% |
| 10 | OR ORSFAC 4.00 06/01/2046 | 4.00% | 06/01/46 | 3 | 39 | 36 | 1200% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 5/20/22 – 5/27/22
| 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 | 28 |
| 5 | MA MASTRN 5.00 07/01/2052 | 5.00% | 07/01/52 | 28 |
| 6 | CA UNVHGR 4.00 05/15/2053 | 4.00% | 05/15/53 | 28 |
| 7 | NY NYCGEN 5.00 02/01/2041 | 5.00% | 02/01/41 | 27 |
| 8 | VA HRDTRN 4.00 07/01/2052 | 4.00% | 07/01/52 | 26 |
| 9 | NY TRBTRN 5.25 05/15/2052 | 5.25% | 05/15/52 | 25 |
| 10 | VA HRDTRN 5.00 07/01/2047 | 5.00% | 07/01/47 | 25 |
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