Municipals
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Municipal Bond Market Summary:
Week Ending 7/10/20
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 7/2/20 – 7/10/20
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | PHOENIX INDL DEV AUTH | 5.00% | 07/01/59 | 6.39% | 107.09 | 100.66 |
| 2 | MONTEBELLO -REV -TXBL | 3.39% | 06/01/32 | 5.72% | 108.89 | 103.00 |
| 3 | GAINESVILLE | 6.02% | 10/01/40 | 5.15% | 152.77 | 145.29 |
| 4 | NYC SER G-1 | 5.60% | 03/01/26 | 4.31% | 124.28 | 119.15 |
| 5 | PORT OF SEATTLE-C | 5.00% | 05/01/32 | 4.24% | 119.92 | 115.04 |
| 6 | NEW YORK ST DORM AUTH | 4.85% | 07/01/48 | 3.83% | 116.41 | 112.12 |
| 7 | UNIV OF N TEXAS TX | 2.90% | 04/15/40 | 3.41% | 103.41 | 100.00 |
| 8 | MONTEBELLO -REV -TXBL | 3.24% | 06/01/30 | 3.28% | 107.09 | 103.69 |
| 9 | NEW JERSEY ST TURNPIK | 4.00% | 01/01/33 | 3.20% | 114.51 | 110.96 |
| 10 | PA HGR EDU FACS | 3.00% | 06/15/45 | 3.19% | 103.40 | 100.21 |
Top 10 Losers
Showcases the top 10 Muni Bond “Losers” based on price movements between 7/2/20 – 7/10/20
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | HARRIS CO MUD #495 | 2.63% | 09/01/50 | -2.67% | 98.99 | 101.70 |
| 2 | MTA-A1-TRANSPRTN | 5.00% | 11/15/23 | -2.55% | 105.99 | 108.77 |
| 3 | DELAWARE-A | 5.00% | 02/01/27 | -2.25% | 127.78 | 130.72 |
| 4 | PHOENIX IMPT-CAP-BHAC | 5.50% | 07/01/41 | -2.22% | 143.21 | 146.47 |
| 5 | NYC IDA YANKEE STADI | 0.00% | 03/01/40 | -1.88% | 55.21 | 56.27 |
| 6 | W CONTRA COSTA USD-D | 3.50% | 08/01/46 | -1.68% | 109.26 | 111.12 |
| 7 | BEXAR CNTY TX REV-REF | 5.00% | 08/15/25 | -1.62% | 118.48 | 120.43 |
| 8 | NY DORM AUTH-A-TXBL-N | 3.36% | 07/01/24 | -1.35% | 102.22 | 103.62 |
| 9 | MONTGOMERY CNTY OH HO | 5.00% | 11/15/34 | -1.17% | 120.02 | 121.44 |
| 10 | IOWA CITY CMNTY SD | 5.00% | 06/01/28 | -1.11% | 130.62 | 132.09 |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 7/2/20 – 7/10/20 (General Obligation and Revenue Bonds)
Results are based on 5 select states, however, we offer data across all 50 states and U.S. territories
Top 10 State Winners
Showcases the top 10 Muni State “Winners” based on yield movements between 7/2/20 – 7/10/20
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | TN | -28 bps | 1.22% | 1.50% |
| 2 | LA | -27 bps | 1.41% | 1.68% |
| 3 | HI | -23 bps | 1.19% | 1.42% |
| 4 | MS | -15 bps | 1.50% | 1.65% |
| 5 | NM | -14 bps | 1.42% | 1.56% |
| 6 | CT | -14 bps | 1.84% | 1.98% |
| 7 | MN | -11 bps | 1.31% | 1.42% |
| 8 | OR | -11 bps | 1.58% | 1.69% |
| 9 | KS | -10 bps | 1.60% | 1.70% |
| 10 | IL | -10 bps | 2.52% | 2.61% |
Top 10 State Losers
Showcases the top 10 Muni State “Losers” based on yield movements between 7/2/20 – 7/10/20
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | AL | 52 bps | 1.93% | 1.40% |
| 2 | MO | 43 bps | 2.25% | 1.82% |
| 3 | AZ | 41 bps | 1.98% | 1.57% |
| 4 | MT | 33 bps | 1.57% | 1.24% |
| 5 | CO | 30 bps | 2.01% | 1.71% |
| 6 | SC | 23 bps | 1.77% | 1.54% |
| 7 | TX | 20 bps | 1.76% | 1.56% |
| 8 | MA | 19 bps | 1.66% | 1.48% |
| 9 | NE | 18 bps | 1.61% | 1.43% |
| 10 | IA | 13 bps | 1.39% | 1.27% |
10 Year Yield by State – GO Only
Displays the average Muni 10 year yield by state between 7/2/20 – 7/10/20 (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 7/2/20 – 7/10/20 (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 7/2/20 – 7/10/20
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 7/2/20 vs. the week ending 7/10/20
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | NEW YORK ST URBAN DEV | 4.00% | 03/15/49 | 62 | 107 | 45 | 73% |
| 2 | CHATTANOOGA TN HLTH | 4.00% | 08/01/44 | 11 | 53 | 42 | 382% |
| 3 | WEST VIRGINIA ST -A | 5.00% | 12/01/35 | 5 | 45 | 40 | 800% |
| 4 | FARMVILLE TWN INDL-A | 5.00% | 01/01/59 | 10 | 49 | 39 | 390% |
| 5 | NEW YORK CITY NY HSG | 3.05% | 05/01/50 | 10 | 43 | 33 | 330% |
| 6 | NJ ECON DEV AUTH-A | 5.00% | 01/01/24 | 5 | 37 | 32 | 640% |
| 7 | CENTRL EXPRESSWAY | 5.00% | 07/01/37 | 18 | 50 | 32 | 178% |
| 8 | INDIANAPOLIS LOC-A1 | 5.00% | 01/01/28 | 24 | 55 | 31 | 129% |
| 9 | YELLOWSTONE CO SD 26 | 5.00% | 07/01/37 | 20 | 50 | 30 | 150% |
| 10 | FORT LAUDERDALE FL -B | 3.00% | 07/01/49 | 4 | 33 | 29 | 725% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 7/2/20 – 7/10/20
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | NEW YORK CITY NY MUNI | 4.00% | 06/15/41 | 42 |
| 2 | NEW YORK CITY NY MUNI | 4.00% | 06/15/50 | 37 |
| 3 | HOUSTON UTL SYS-C-REF | 4.00% | 11/15/36 | 32 |
| 4 | CA UNIV REVENUE-A-REF | 5.00% | 11/01/47 | 31 |
| 5 | DALLAS TX WTRWKS &SWR | 4.00% | 10/01/39 | 31 |
| 6 | NEW YORK CITY NY MUNI | 5.00% | 06/15/41 | 31 |
| 7 | DALLAS TX WTRWKS &SWR | 4.00% | 10/01/40 | 31 |
| 8 | HOUSTON UTL SYS-C-REF | 4.00% | 11/15/37 | 31 |
| 9 | TRIBOROUGH BRIDGE & T | 4.00% | 11/15/54 | 30 |
| 10 | NYC TRANSITIONAL FIN | 4.00% | 05/01/40 | 29 |
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