Municipals
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Municipal Bond Market Summary:
Week Ending 6/12/20
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 6/5/20 – 6/12/20
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | PR ELEC PWR-XX | 4.75% | 07/01/26 | 8.73% | 61.98 | 57.00 |
| 2 | NEW HOPE CULT EDU-A | 7.25% | 12/01/53 | 7.43% | 91.30 | 84.99 |
| 3 | TARRANT CNTY TX CULTU | 6.38% | 02/15/48 | 6.50% | 92.39 | 86.75 |
| 4 | MIAMI-DADE CNTY FL AV | 4.28% | 10/01/41 | 5.82% | 106.66 | 100.79 |
| 5 | MASSACHUSETTS ST DEV | 5.00% | 01/01/26 | 5.60% | 114.96 | 108.87 |
| 6 | NEW YORK NY | 5.00% | 08/01/26 | 5.35% | 124.84 | 118.50 |
| 7 | IA FIN AUTH-B-REF | 5.00% | 02/15/26 | 5.29% | 118.04 | 112.11 |
| 8 | AR DEV FIN AUTH -HOSP | 4.00% | 02/01/42 | 5.17% | 112.46 | 106.93 |
| 9 | BOSSIER PARISH SD | 3.00% | 03/01/36 | 5.13% | 107.04 | 101.81 |
| 10 | MOUNT OLIVE TWP NJ BR | 5.00% | 07/15/27 | 4.82% | 123.40 | 117.73 |
Top 10 Losers
Showcases the top 10 Muni Bond “Losers” based on price movements between 6/5/20 – 6/12/20
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | MIAMI-DADE TRANSIT | 5.00% | 07/01/31 | -3.42% | 128.05 | 132.59 |
| 2 | HARRIS CN HOUSTON-A | 5.00% | 11/15/30 | -3.34% | 106.05 | 109.71 |
| 3 | CALIFORNIA ST MUNI FI | 5.00% | 05/15/37 | -2.50% | 110.65 | 113.49 |
| 4 | LEE CNTY FL TOUR DEV | 5.00% | 10/01/29 | -2.45% | 125.42 | 128.57 |
| 5 | PHOENIXVILLE ASD-A | 1.99% | 11/15/26 | -2.41% | 105.17 | 107.77 |
| 6 | WA ST CONVENTION-BABS | 6.79% | 07/01/40 | -2.22% | 113.80 | 116.38 |
| 7 | MS DEV BK-REF-MARSHAL | 5.00% | 01/01/27 | -1.80% | 115.14 | 117.25 |
| 8 | REGL TRANN SER A | 5.75% | 06/01/34 | -1.62% | 138.55 | 140.83 |
| 9 | NEW YORK CITY NY-A-2 | 5.00% | 08/01/34 | -1.61% | 120.70 | 122.67 |
| 10 | CHICAGO ARPT-A-REF | 5.00% | 01/01/29 | -1.58% | 113.87 | 115.70 |
Top 10 State Winners
Showcases the top 10 Muni State “Winners” based on yield movements between 6/5/20 – 6/12/20
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | MO | -47 bps | 1.48% | 1.96% |
| 2 | OH | -37 bps | 1.90% | 2.28% |
| 3 | MA | -28 bps | 1.49% | 1.77% |
| 4 | SC | -23 bps | 1.61% | 1.84% |
| 5 | IN | -22 bps | 1.73% | 1.95% |
| 6 | MS | -21 bps | 1.58% | 1.80% |
| 7 | KS | -21 bps | 1.60% | 1.81% |
| 8 | NC | -20 bps | 1.41% | 1.61% |
| 9 | NV | -18 bps | 2.02% | 2.20% |
| 10 | TN | -17 bps | 1.71% | 1.88% |
Top 10 State Losers
Showcases the top 10 Muni State “Losers” based on yield movements between 6/5/20 – 6/12/20
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | MN | 24 bps | 1.87% | 1.63% |
| 2 | RI | 17 bps | 2.18% | 2.01% |
| 3 | MD | 14 bps | 1.52% | 1.38% |
| 4 | AL | 12 bps | 1.64% | 1.52% |
| 5 | VA | 11 bps | 1.31% | 1.20% |
| 6 | FL | 8 bps | 1.61% | 1.53% |
| 7 | UT | 5 bps | 1.36% | 1.31% |
| 8 | NM | 3 bps | 1.60% | 1.56% |
| 9 | IA | 1 bps | 1.39% | 1.38% |
| 10 | WA | 0 bps | 1.79% | 1.79% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 6/5/20 – 6/12/20 (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 6/5/20 – 6/12/20 (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 6/5/20 – 6/12/20 (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 6/5/20 – 6/12/20
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 6/5/20 vs. the week ending 6/12/20
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | MET TRAN AUTH-C1-REF | 5.25% | 11/15/28 | 6 | 69 | 63 | 1050% |
| 2 | OSCEOLA EXPRESSWAY-A | 5.38% | 10/01/47 | 12 | 67 | 55 | 458% |
| 3 | IL FIN AUTH-REF | 5.00% | 02/15/37 | 12 | 64 | 52 | 433% |
| 4 | NEW JERSEY ST EDUCTNL | 5.00% | 07/01/25 | 2 | 54 | 52 | 2600% |
| 5 | KYLE-CTFS OF OBLIG | 5.00% | 08/15/31 | 7 | 59 | 52 | 743% |
| 6 | CLARK CO | 3.00% | 06/01/39 | 9 | 60 | 51 | 567% |
| 7 | FREDERICK EDL-A-REF | 5.00% | 09/01/45 | 24 | 75 | 51 | 213% |
| 8 | NEW JERSEY ST ECON DE | 5.00% | 10/01/47 | 15 | 65 | 50 | 333% |
| 9 | UTAH ST | 5.00% | 07/01/29 | 35 | 84 | 49 | 140% |
| 10 | NEW HAVEN-A | 5.50% | 08/01/38 | 12 | 60 | 48 | 400% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 6/5/20 – 6/12/20
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | NYC TRANSITIONAL FIN | 4.00% | 05/01/40 | 34 |
| 2 | CA UNIV REVENUE-A-REF | 5.00% | 11/01/47 | 33 |
| 3 | NEW YORK CITY NY MUNI | 4.00% | 06/15/41 | 33 |
| 4 | NYC TRANSITIONAL FIN | 4.00% | 05/01/45 | 31 |
| 5 | TX WTR DEV | 3.00% | 08/01/40 | 30 |
| 6 | NEW YORK ST PWR AUTH | 3.25% | 11/15/60 | 29 |
| 7 | CLEVELAND ISD | 4.00% | 02/15/52 | 27 |
| 8 | MASSACHUSETTS ST DEV | 5.00% | 10/15/30 | 27 |
| 9 | MET TRANSPRTN AUTH-A- | 4.00% | 02/01/22 | 27 |
| 10 | ENERGY NW-A-REF | 4.00% | 07/01/39 | 26 |
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