Municipals
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Municipal Bond Market Summary:
Week Ending 7/17/20
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 7/10/20 – 7/17/20
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | NEW JERSEY ST ECON DE | 5.00% | 11/01/44 | 6.70% | 113.86 | 106.71 |
| 2 | SAVANNA ELEM SD-B-CAB | 0.00% | 08/01/38 | 5.65% | 66.91 | 63.33 |
| 3 | SISKIYOU CMNTY-CABS-C | 0.00% | 08/01/32 | 4.32% | 80.54 | 77.21 |
| 4 | JURUPA SVCS-B-BABS-WT | 7.14% | 09/01/34 | 4.05% | 149.06 | 143.26 |
| 5 | CA HLTH FIN AUTH-A | 5.00% | 11/15/29 | 3.28% | 120.59 | 116.76 |
| 6 | RALEIGH DURHAM NC-A | 5.00% | 05/01/32 | 2.99% | 130.12 | 126.34 |
| 7 | CENTRL EXPRESSWAY | 5.00% | 07/01/48 | 2.68% | 123.17 | 119.95 |
| 8 | SAN DIEGO CNTY CA REG | 3.25% | 04/01/48 | 2.68% | 108.08 | 105.26 |
| 9 | COACHELLA VY USD CAB | 0.00% | 08/01/38 | 2.66% | 65.85 | 64.14 |
| 10 | OCEANPORT BORO BRD ED | 2.63% | 07/15/46 | 2.50% | 100.71 | 98.25 |
Top 10 Losers
Showcases the top 10 Muni Bond “Losers” based on price movements between 7/10/20 – 7/17/20
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | MET TRANSPRTN AUTH NY | 5.00% | 11/15/27 | -3.47% | 110.88 | 114.87 |
| 2 | VA CLG BLDG AUTH-A | 4.00% | 09/01/31 | -2.55% | 110.42 | 113.32 |
| 3 | ERNEST N MORIAL | 5.00% | 07/15/23 | -1.78% | 106.79 | 108.72 |
| 4 | BALTIMORE REF-WTR-A | 5.00% | 07/01/28 | -1.36% | 120.72 | 122.39 |
| 5 | NJ INFRA BANK -C-R1 | 3.00% | 09/01/30 | -1.19% | 112.76 | 114.12 |
| 6 | FL BRD GOVNRS-A | 3.00% | 10/01/25 | -1.02% | 101.76 | 102.81 |
| 7 | VIRGIN ISL WTR-A | 4.00% | 07/01/21 | -0.99% | 97.28 | 98.25 |
| 8 | CAPE GIRARDEAU CNTY M | 5.00% | 03/01/29 | -0.91% | 110.66 | 111.67 |
| 9 | WOONSOCKET-TXB-PENSIO | 6.29% | 07/15/32 | -0.89% | 124.52 | 125.64 |
| 10 | BRAZORIA CO MUD #22 | 2.25% | 09/01/45 | -0.88% | 95.42 | 96.26 |
Top 10 State Winners
Showcases the top 10 Muni State “Winners” based on yield movements between 7/10/20 – 7/17/20
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | SC | -40 bps | 1.37% | 1.77% |
| 2 | MT | -37 bps | 1.55% | 1.92% |
| 3 | MD | -36 bps | 1.10% | 1.47% |
| 4 | AZ | -29 bps | 1.67% | 1.96% |
| 5 | CO | -22 bps | 1.79% | 2.00% |
| 6 | NJ | -19 bps | 1.55% | 1.74% |
| 7 | PA | -17 bps | 1.77% | 1.94% |
| 8 | NY | -14 bps | 1.61% | 1.75% |
| 9 | WV | -13 bps | 1.16% | 1.29% |
| 10 | OH | -12 bps | 2.00% | 2.12% |
Top 10 State Losers
Showcases the top 10 Muni State “Losers” based on yield movements between 7/10/20 – 7/17/20
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | DC | 62 bps | 1.89% | 1.27% |
| 2 | GA | 33 bps | 1.53% | 1.20% |
| 3 | IA | 23 bps | 1.62% | 1.39% |
| 4 | OR | 17 bps | 1.74% | 1.58% |
| 5 | NC | 16 bps | 1.30% | 1.13% |
| 6 | LA | 15 bps | 1.56% | 1.41% |
| 7 | MA | 15 bps | 1.81% | 1.66% |
| 8 | MS | 13 bps | 1.63% | 1.50% |
| 9 | MN | 12 bps | 1.42% | 1.29% |
| 10 | IL | 11 bps | 2.54% | 2.43% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 7/10/20 – 7/17/20 (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 7/10/20 – 7/17/20 (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 7/10/20 – 7/17/20 (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 7/10/20 – 7/17/20
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 7/10/20 vs. the week ending 7/17/20
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | CALIFORNIA ST UNIV -A | 5.00% | 11/01/44 | 18 | 91 | 73 | 406% |
| 2 | MD HLTH & HGR ED-B | 4.00% | 04/15/45 | 12 | 79 | 67 | 558% |
| 3 | NEW JERSEY ST | 2.50% | 06/01/38 | 25 | 85 | 60 | 240% |
| 4 | MET TRANS AUTH-C1-REF | 5.00% | 11/15/25 | 13 | 70 | 57 | 438% |
| 5 | CORSICANA ISD-TXBL | 2.75% | 02/15/45 | 16 | 70 | 54 | 338% |
| 6 | MEMPHIS | 4.00% | 06/01/32 | 1 | 54 | 53 | 5300% |
| 7 | LUBBOCK COOPER ISD | 2.33% | 02/15/38 | 10 | 62 | 52 | 520% |
| 8 | SANTA BARBARA SLD WST | 5.25% | 12/01/32 | 23 | 70 | 47 | 204% |
| 9 | ILLINOIS ST-D | 5.00% | 11/01/26 | 15 | 61 | 46 | 307% |
| 10 | N W ISD-A-REF-TXBL | 2.34% | 02/15/38 | 6 | 51 | 45 | 750% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 7/10/20 – 7/17/20
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | NEW YORK CITY NY MUNI | 4.00% | 06/15/41 | 40 |
| 2 | NEW YORK CITY NY MUNI | 4.00% | 06/15/50 | 36 |
| 3 | HOUSTON UTL SYS-C-REF | 4.00% | 11/15/37 | 36 |
| 4 | DALLAS TX WTRWKS &SWR | 4.00% | 10/01/40 | 32 |
| 5 | HOUSTON UTL SYS-C-REF | 4.00% | 11/15/36 | 32 |
| 6 | CONNECTICUT ST | 4.00% | 06/01/39 | 32 |
| 7 | DALLAS TX WTRWKS &SWR | 4.00% | 10/01/39 | 31 |
| 8 | CONNECTICUT ST HLTH & | 5.00% | 07/01/29 | 29 |
| 9 | CALIFORNIA ST | 5.00% | 03/01/31 | 29 |
| 10 | NEW YORK CITY NY MUNI | 5.00% | 06/15/41 | 28 |
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