Municipals
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Municipal Bond Market Summary:
Week Ending 7/29/22
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 7/22/22 – 7/29/22
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | CA ESCSCD 3.50 08/01/2049 | 3.50% | 08/01/49 | 6.91% | 95.78 | 89.59 |
| 2 | IL MPNFAC 4.00 06/15/2052 | 4.00% | 06/15/52 | 5.66% | 94.45 | 89.39 |
| 3 | NY NYSHGR 3.00 03/15/2050 | 3.00% | 03/15/50 | 5.29% | 84.56 | 80.31 |
| 4 | MD MDSFAC 0.00 05/01/2052 | 0.00% | 05/01/52 | 5.22% | 26.28 | 24.98 |
| 5 | PR PRC 11/01/2051 | #VALUE! | 11/01/51 | 5.18% | 49.75 | 47.30 |
| 6 | LA LASGEN 3.05 05/01/2038 | 3.05% | 05/01/38 | 4.97% | 88.05 | 83.88 |
| 7 | PA DLVGEN 2.00 10/01/2029 | 2.00% | 10/01/29 | 4.96% | 96.69 | 92.12 |
| 8 | MN STPEDU 3.38 02/01/2039 | 3.38% | 02/01/39 | 4.90% | 91.26 | 87.00 |
| 9 | NJ ENG 2.00 02/01/2032 | 2.00% | 02/01/32 | 4.79% | 92.06 | 87.85 |
| 10 | NY NYC 3.00 03/01/2045 | 3.00% | 03/01/45 | 4.75% | 85.05 | 81.19 |
Top 10 Losers
Showcases the top 10 Muni Bond “Losers” based on price movements between 7/22/22 – 7/29/22
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | NY NYSHGR 3.14 07/01/2043 | 3.14% | 07/01/43 | -4.01% | 82.22 | 85.66 |
| 2 | PA PASTRN 4.00 12/01/2042 | 4.00% | 12/01/42 | -3.55% | 99.23 | 102.88 |
| 3 | PA PASSFH 3.20 10/01/2041 | 3.20% | 10/01/41 | -2.50% | 91.19 | 93.52 |
| 4 | UT UNIHGR 4.00 08/01/2041 | 4.00% | 08/01/41 | -2.33% | 103.94 | 106.42 |
| 5 | RI RISMED 4.00 05/15/2036 | 4.00% | 05/15/36 | -2.04% | 107.28 | 109.52 |
| 6 | AL ADA 3.00 09/01/2031 | 3.00% | 09/01/31 | -2.02% | 99.10 | 101.15 |
| 7 | CA CAS 5.00 08/01/2026 | 5.00% | 08/01/26 | -2.01% | 103.14 | 105.25 |
| 8 | NY SLMSCD 2.00 06/15/2029 | 2.00% | 06/15/29 | -1.82% | 95.34 | 97.11 |
| 9 | FL MIAUTL 4.00 10/01/2039 | 4.00% | 10/01/39 | -1.79% | 104.51 | 106.41 |
| 10 | MN SHASCD 3.00 02/01/2033 | 3.00% | 02/01/33 | -1.76% | 96.07 | 97.79 |
Top 10 State Winners
Showcases the top 10 Muni State “Winners” based on yield movements between 7/22/22 – 7/29/22
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | CO | 970 bps | 12.98% | 3.28% |
| 2 | LA | 14 bps | 3.32% | 3.19% |
| 3 | WI | 8 bps | 3.49% | 3.41% |
| 4 | FL | 5 bps | 3.38% | 3.34% |
| 5 | DC | 2 bps | 3.51% | 3.50% |
| 6 | MI | 0 bps | 3.34% | 3.34% |
| 7 | HI | -1 bps | 3.29% | 3.30% |
| 8 | NV | -2 bps | 3.26% | 3.27% |
| 9 | TN | -2 bps | 3.07% | 3.09% |
| 10 | MO | -2 bps | 3.22% | 3.24% |
Top 10 State Losers
Showcases the top 10 Muni State “Losers” based on yield movements between 7/22/22 – 7/29/22
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | KS | -51 bps | 2.61% | 3.12% |
| 2 | MA | -45 bps | 3.09% | 3.54% |
| 3 | NJ | -42 bps | 3.06% | 3.48% |
| 4 | UT | -31 bps | 2.59% | 2.91% |
| 5 | IA | -26 bps | 2.66% | 2.92% |
| 6 | OR | -26 bps | 3.20% | 3.45% |
| 7 | NC | -26 bps | 2.61% | 2.86% |
| 8 | WV | -25 bps | 2.96% | 3.22% |
| 9 | MD | -19 bps | 2.81% | 3.01% |
| 10 | IL | -18 bps | 3.70% | 3.89% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 7/22/22 – 7/29/22 (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 7/22/22 – 7/29/22 (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 7/22/22 – 7/29/22 (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 7/22/22 – 7/29/22
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 7/22/22 vs. the week ending 7/29/22
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | CA ANAHSG 5.00 10/01/2045 | 5.00% | 10/01/45 | 12 | 71 | 59 | 492% |
| 2 | CA LOSUTL 5.00 07/01/2050 | 5.00% | 07/01/50 | 15 | 71 | 56 | 373% |
| 3 | CA CASFIN 5.00 11/01/2044 | 5.00% | 11/01/44 | 27 | 71 | 44 | 163% |
| 4 | TX DALAPT 4.00 11/01/2045 | 4.00% | 11/01/45 | 47 | 91 | 44 | 94% |
| 5 | IL ILSPWR 4.00 02/01/2034 | 4.00% | 02/01/34 | 6 | 50 | 44 | 733% |
| 6 | NY NYC 4.00 08/01/2039 | 4.00% | 08/01/39 | 15 | 57 | 42 | 280% |
| 7 | DC DISGEN 5.00 05/01/2045 | 5.00% | 05/01/45 | 31 | 73 | 42 | 135% |
| 8 | CA WSOWTR 5.00 09/01/2045 | 5.00% | 09/01/45 | 19 | 61 | 42 | 221% |
| 9 | FL MIA 4.00 07/01/2045 | 4.00% | 07/01/45 | 20 | 60 | 40 | 200% |
| 10 | CA IRVGEN 5.00 09/01/2051 | 5.00% | 09/01/51 | 22 | 61 | 39 | 177% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 7/22/22 – 7/29/22
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | MA MASTRN 5.00 06/01/2052 | 5.00% | 06/01/52 | 32 |
| 2 | PR PRCGEN 5.00 07/01/2058 | 5.00% | 07/01/58 | 31 |
| 3 | TX RKWSCD 5.00 02/15/2052 | 5.00% | 02/15/52 | 29 |
| 4 | NY NYSHGR 4.00 07/01/2049 | 4.00% | 07/01/49 | 29 |
| 5 | TX BARSCD 4.00 02/15/2041 | 4.00% | 02/15/41 | 28 |
| 6 | CA UNVHGR 4.00 05/15/2053 | 4.00% | 05/15/53 | 28 |
| 7 | OH BUCGEN 4.00 06/01/2048 | 4.00% | 06/01/48 | 28 |
| 8 | FL TAMUTL 5.00 10/01/2047 | 5.00% | 10/01/47 | 27 |
| 9 | ID IDSMED 4.00 12/01/2043 | 4.00% | 12/01/43 | 27 |
| 10 | GA ATLAPT 4.00 07/01/2040 | 4.00% | 07/01/40 | 27 |
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