Municipals
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Municipal Bond Market Summary:
Week Ending 5/6/22
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 4/29/22 – 5/6/22
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | NY MTATRN 4.00 11/15/2033 | 4.00% | 11/15/33 | 2.73% | 103.77 | 101.01 |
| 2 | PA ALOSCD 1.55 12/01/2028 | 1.55% | 12/01/28 | 1.74% | 86.88 | 85.40 |
| 3 | CA LOSAPT 5.00 05/15/2039 | 5.00% | 05/15/39 | 1.65% | 107.06 | 105.32 |
| 4 | CA SDGAPT 4.00 07/01/2039 | 4.00% | 07/01/39 | 1.51% | 99.05 | 97.58 |
| 5 | IN HOBFAC 5.00 01/15/2031 | 5.00% | 01/15/31 | 1.46% | 111.41 | 109.80 |
| 6 | CO ELPEDU 5.00 12/15/2027 | 5.00% | 12/15/27 | 1.44% | 109.22 | 107.67 |
| 7 | PA LEHMED 5.00 07/01/2036 | 5.00% | 07/01/36 | 1.27% | 109.17 | 107.80 |
| 8 | MI MISFIN 5.00 12/01/2034 | 5.00% | 12/01/34 | 1.27% | 111.49 | 110.09 |
| 9 | CT CTSGEN 5.00 01/01/2026 | 5.00% | 01/01/26 | 1.14% | 108.07 | 106.85 |
| 10 | ID IDSSFH 1.85 01/01/2026 | 1.85% | 01/01/26 | 1.12% | 96.70 | 95.63 |
Top 10 Losers
Showcases the top 10 Muni Bond “Losers” based on price movements between 4/29/22 – 5/6/22
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | NY PORTRN 3.14 02/15/2051 | 3.14% | 02/15/51 | -6.84% | 77.41 | 83.09 |
| 2 | OH OHSHGR 4.05 12/01/2056 | 4.05% | 12/01/56 | -6.70% | 94.78 | 101.59 |
| 3 | AR CWYSCD 2.50 02/01/2034 | 2.50% | 02/01/34 | -6.67% | 87.85 | 94.13 |
| 4 | OH LUCMED 4.00 11/15/2045 | 4.00% | 11/15/45 | -6.64% | 92.43 | 99.01 |
| 5 | CA PLAEDU 4.00 08/01/2040 | 4.00% | 08/01/40 | -6.56% | 100.06 | 107.08 |
| 6 | OH HAMMED 3.75 08/15/2050 | 3.75% | 08/15/50 | -6.53% | 90.79 | 97.14 |
| 7 | NJ RUTHGR 3.92 05/01/2119 | 3.92% | 05/01/19 | -6.51% | 77.48 | 82.88 |
| 8 | PA PASTRN 4.00 12/01/2050 | 4.00% | 12/01/50 | -6.36% | 93.50 | 99.86 |
| 9 | CA SJHTRN 3.49 01/15/2050 | 3.49% | 01/15/50 | -6.35% | 79.13 | 84.50 |
| 10 | OK UNIHSG 3.00 07/01/2039 | 3.00% | 07/01/39 | -6.29% | 90.69 | 96.77 |
Top 10 State Winners
Showcases the top 10 Muni State “Winners” based on yield movements between 4/29/22 – 5/6/22
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | NE | -17 bps | 3.55% | 3.72% |
| 2 | NC | -4 bps | 3.06% | 3.10% |
| 3 | WA | 1 bps | 3.61% | 3.60% |
| 4 | MI | 2 bps | 3.53% | 3.51% |
| 5 | MA | 5 bps | 3.51% | 3.47% |
| 6 | GA | 7 bps | 3.24% | 3.17% |
| 7 | WI | 7 bps | 3.55% | 3.48% |
| 8 | MD | 9 bps | 3.30% | 3.21% |
| 9 | MN | 10 bps | 3.28% | 3.18% |
| 10 | AL | 10 bps | 3.37% | 3.26% |
Top 10 State Losers
Showcases the top 10 Muni State “Losers” based on yield movements between 4/29/22 – 5/6/22
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | KS | 35 bps | 3.63% | 3.28% |
| 2 | PA | 30 bps | 3.79% | 3.48% |
| 3 | NV | 27 bps | 3.61% | 3.34% |
| 4 | IL | 25 bps | 3.96% | 3.71% |
| 5 | MO | 22 bps | 3.54% | 3.32% |
| 6 | LA | 18 bps | 3.64% | 3.46% |
| 7 | UT | 18 bps | 3.10% | 2.93% |
| 8 | TN | 17 bps | 3.28% | 3.10% |
| 9 | NY | 17 bps | 3.57% | 3.40% |
| 10 | OH | 16 bps | 3.56% | 3.40% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 4/29/22 – 5/6/22 (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 4/29/22 – 5/6/22 (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 4/29/22 – 5/6/22 (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 4/29/22 – 5/6/22
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 4/29/22 vs. the week ending 5/6/22
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | TX HOUUTL 5.00 11/15/2032 | 5.00% | 11/15/32 | 10 | 77 | 67 | 670% |
| 2 | MD BAL 5.00 03/01/2034 | 5.00% | 03/01/34 | 5 | 72 | 67 | 1340% |
| 3 | CO EHYTRN 0.00 09/01/2030 | 0.00% | 09/01/30 | 5 | 71 | 66 | 1320% |
| 4 | NY MTATRN 4.00 11/15/2033 | 4.00% | 11/15/33 | 5 | 71 | 66 | 1320% |
| 5 | TX ALAHGR 5.00 08/15/2025 | 5.00% | 08/15/25 | 29 | 94 | 65 | 224% |
| 6 | UT UTS 5.00 07/01/2027 | 5.00% | 07/01/27 | 15 | 78 | 63 | 420% |
| 7 | TX LSTHGR 5.00 02/15/2025 | 5.00% | 02/15/25 | 30 | 93 | 63 | 210% |
| 8 | WA SNO 4.00 12/01/2026 | 4.00% | 12/01/26 | 12 | 75 | 63 | 525% |
| 9 | NJ NJSMED 5.00 07/01/2026 | 5.00% | 07/01/26 | 12 | 75 | 63 | 525% |
| 10 | IA DESUTL 5.00 06/01/2023 | 5.00% | 06/01/23 | 12 | 75 | 63 | 525% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 4/29/22 – 5/6/22
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | NY NYCGEN 5.00 02/01/2041 | 5.00% | 02/01/41 | 32 |
| 2 | NY NYCGEN 5.00 02/01/2047 | 5.00% | 02/01/47 | 29 |
| 3 | PR PRC 4.00 07/01/2037 | 4.00% | 07/01/37 | 26 |
| 4 | NY NYCGEN 5.00 02/01/2042 | 5.00% | 02/01/42 | 26 |
| 5 | NY TRBTRN 4.00 05/15/2051 | 4.00% | 05/15/51 | 25 |
| 6 | NY NYCUTL 5.00 06/15/2039 | 5.00% | 06/15/39 | 25 |
| 7 | UT SALAPT 5.00 07/01/2051 | 5.00% | 07/01/51 | 25 |
| 8 | MD MON 4.00 11/01/2028 | 4.00% | 11/01/28 | 24 |
| 9 | MD BAL 5.00 03/01/2034 | 5.00% | 03/01/34 | 24 |
| 10 | PR PRC 4.00 07/01/2033 | 4.00% | 07/01/33 | 24 |
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