Municipals
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Municipal Bond Market Summary:
Week Ending 6/10/22
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 6/3/22 – 6/10/22
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | CA SPLUTL 3.38 02/01/2050 | 3.38% | 02/01/50 | 8.90% | 83.94 | 77.08 |
| 2 | CA CASHGR 2.90 11/01/2051 | 2.90% | 11/01/51 | 5.73% | 79.98 | 75.65 |
| 3 | CA CAS 4.00 03/01/2040 | 4.00% | 03/01/40 | 5.46% | 103.99 | 98.61 |
| 4 | CA CASMED 4.00 11/01/2035 | 4.00% | 11/01/35 | 4.54% | 104.11 | 99.59 |
| 5 | NY NYSDEV 3.00 03/15/2040 | 3.00% | 03/15/40 | 4.51% | 89.16 | 85.31 |
| 6 | PR PRCPWR 4.50 07/01/2023 | 4.50% | 07/01/23 | 4.49% | 84.06 | 80.44 |
| 7 | CA OAKSCD 4.00 08/01/2037 | 4.00% | 08/01/37 | 4.29% | 102.31 | 98.10 |
| 8 | IN INSUTL 4.00 10/01/2035 | 4.00% | 10/01/35 | 4.20% | 104.95 | 100.71 |
| 9 | MD UNSHGR 5.00 04/01/2031 | 5.00% | 04/01/31 | 4.16% | 118.91 | 114.15 |
| 10 | CA LOSAPT 5.00 05/15/2037 | 5.00% | 05/15/37 | 4.11% | 112.91 | 108.45 |
Top 10 Losers
Showcases the top 10 Muni Bond “Losers” based on price movements between 6/3/22 – 6/10/22
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | NY NYSHGR 3.50 03/15/2052 | 3.50% | 03/15/52 | -7.74% | 90.14 | 97.70 |
| 2 | CA NWKSCD 3.00 08/01/2046 | 3.00% | 08/01/46 | -7.44% | 81.67 | 88.23 |
| 3 | OH CLHSCD 3.50 12/01/2051 | 3.50% | 12/01/51 | -7.27% | 90.34 | 97.42 |
| 4 | TX SMN 3.25 08/15/2044 | 3.25% | 08/15/44 | -7.24% | 88.05 | 94.93 |
| 5 | PA PASTRN 3.00 12/01/2051 | 3.00% | 12/01/51 | -6.95% | 80.53 | 86.55 |
| 6 | NY TRBTRN 4.00 05/15/2051 | 4.00% | 05/15/51 | -6.80% | 100.09 | 107.39 |
| 7 | CA TURSCD 3.13 08/01/2045 | 3.13% | 08/01/45 | -6.77% | 84.44 | 90.57 |
| 8 | NY NYC 3.25 10/01/2042 | 3.25% | 10/01/42 | -6.74% | 88.55 | 94.95 |
| 9 | CA WSNSCD 0.00 08/01/2040 | 0.00% | 08/01/40 | -6.64% | 47.57 | 50.95 |
| 10 | NY NYC 3.00 10/01/2044 | 3.00% | 10/01/44 | -6.49% | 85.22 | 91.13 |
Top 10 State Winners
Showcases the top 10 Muni State “Winners” based on yield movements between 6/3/22 – 6/10/22
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | IA | -574 bps | 7.03% | 12.77% |
| 2 | VA | -5 bps | 2.93% | 2.98% |
| 3 | NV | -2 bps | 3.31% | 3.33% |
| 4 | SC | -2 bps | 3.04% | 3.06% |
| 5 | KS | -1 bps | 3.23% | 3.25% |
| 6 | OR | -1 bps | 2.97% | 2.98% |
| 7 | NH | 3 bps | 2.92% | 2.89% |
| 8 | NJ | 5 bps | 3.30% | 3.25% |
| 9 | CT | 5 bps | 3.39% | 3.34% |
| 10 | PA | 6 bps | 3.41% | 3.35% |
Top 10 State Losers
Showcases the top 10 Muni State “Losers” based on yield movements between 6/3/22 – 6/10/22
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | GA | 914 bps | 12.19% | 3.05% |
| 2 | MI | 34 bps | 3.39% | 3.06% |
| 3 | WV | 30 bps | 3.33% | 3.03% |
| 4 | AZ | 24 bps | 3.34% | 3.09% |
| 5 | WA | 24 bps | 3.45% | 3.21% |
| 6 | NC | 23 bps | 2.84% | 2.62% |
| 7 | AL | 22 bps | 3.43% | 3.21% |
| 8 | NY | 18 bps | 3.45% | 3.28% |
| 9 | TX | 16 bps | 5.43% | 5.26% |
| 10 | MO | 16 bps | 3.51% | 3.35% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 6/3/22 – 6/10/22 (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 6/3/22 – 6/10/22 (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 6/3/22 – 6/10/22 (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 6/3/22 – 6/10/22
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 6/3/22 vs. the week ending 6/10/22
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | CA SDGAPT 4.00 07/01/2046 | 4.00% | 07/01/46 | 20 | 85 | 65 | 325% |
| 2 | NY NYSHGR 4.00 07/01/2053 | 4.00% | 07/01/53 | 60 | 120 | 60 | 100% |
| 3 | CA CAS 5.00 04/01/2033 | 5.00% | 04/01/33 | 20 | 74 | 54 | 270% |
| 4 | TX ELP 5.00 08/15/2029 | 5.00% | 08/15/29 | 5 | 58 | 53 | 1060% |
| 5 | NY NYCGEN 4.00 11/01/2037 | 4.00% | 11/01/37 | 20 | 72 | 52 | 260% |
| 6 | CA CASMED 4.00 11/01/2038 | 4.00% | 11/01/38 | 46 | 95 | 49 | 107% |
| 7 | NY NYSHGR 4.00 03/15/2037 | 4.00% | 03/15/37 | 22 | 70 | 48 | 218% |
| 8 | NY NYSDEV 5.00 03/15/2037 | 5.00% | 03/15/37 | 32 | 80 | 48 | 150% |
| 9 | TX WACEDU 5.00 03/01/2029 | 5.00% | 03/01/29 | 20 | 68 | 48 | 240% |
| 10 | CA CASMED 5.00 11/01/2047 | 5.00% | 11/01/47 | 58 | 105 | 47 | 81% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 6/3/22 – 6/10/22
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | CA CASEDU 5.00 11/01/2030 | 5.00% | 11/01/30 | 33 |
| 2 | MD BAL 5.00 03/01/2034 | 5.00% | 03/01/34 | 33 |
| 3 | VA HRDTRN 4.00 07/01/2052 | 4.00% | 07/01/52 | 29 |
| 4 | CA UNVHGR 4.00 05/15/2053 | 4.00% | 05/15/53 | 29 |
| 5 | NY NYCGEN 5.00 02/01/2041 | 5.00% | 02/01/41 | 29 |
| 6 | MA MASDEV 5.00 11/15/2032 | 5.00% | 11/15/32 | 29 |
| 7 | NY NYSPWR 4.00 11/15/2050 | 4.00% | 11/15/50 | 28 |
| 8 | NY TRBTRN 5.25 05/15/2052 | 5.25% | 05/15/52 | 28 |
| 9 | NJ NJSMED 4.00 07/01/2051 | 4.00% | 07/01/51 | 28 |
| 10 | PA CGASCD 4.00 02/01/2051 | 4.00% | 02/01/51 | 27 |
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