Municipals
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Municipal Bond Market Summary:
Week Ending 8/12/22
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 8/5/22 – 8/12/22
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | CA FREWTR 6.75 06/01/2040 | 6.75% | 06/01/40 | 4.86% | 123.76 | 118.02 |
| 2 | NY NYSFAC 3.75 01/15/2047 | 3.75% | 01/15/47 | 4.39% | 97.21 | 93.12 |
| 3 | CA EASWTR 4.00 07/01/2037 | 4.00% | 07/01/37 | 3.08% | 106.52 | 103.34 |
| 4 | MA MAS 2.66 09/01/2039 | 2.66% | 09/01/39 | 2.78% | 85.95 | 83.63 |
| 5 | CA SFOWTR 5.00 11/01/2033 | 5.00% | 11/01/33 | 2.71% | 114.93 | 111.90 |
| 6 | PA PASTRN 5.56 12/01/2049 | 5.56% | 12/01/49 | 2.70% | 117.98 | 114.88 |
| 7 | WV WVS 5.00 12/01/2030 | 5.00% | 12/01/30 | 2.68% | 115.77 | 112.75 |
| 8 | CA CAS 3.25 12/01/2045 | 3.25% | 12/01/45 | 2.65% | 93.32 | 90.90 |
| 9 | TN CLAWTR 5.00 02/01/2024 | 5.00% | 02/01/24 | 2.63% | 102.58 | 99.95 |
| 10 | TN KXVUTL 4.00 04/01/2037 | 4.00% | 04/01/37 | 2.58% | 107.61 | 104.90 |
Top 10 Losers
Showcases the top 10 Muni Bond “Losers” based on price movements between 8/5/22 – 8/12/22
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | OH LUCMED 5.25 11/15/2048 | 5.25% | 11/15/48 | -9.78% | 88.74 | 98.35 |
| 2 | CA RIVOBG 3.86 06/01/2045 | 3.86% | 06/01/45 | -5.82% | 87.64 | 93.05 |
| 3 | CA UNVHGR 3.71 05/15/2120 | 3.71% | 05/15/20 | -4.47% | 76.41 | 79.99 |
| 4 | TX TXSTRN 2.47 10/01/2044 | 2.47% | 10/01/44 | -4.44% | 76.59 | 80.15 |
| 5 | CA CASHGR 2.94 11/01/2052 | 2.94% | 11/01/52 | -4.20% | 77.12 | 80.50 |
| 6 | TX DEESCD 3.00 08/15/2043 | 3.00% | 08/15/43 | -4.16% | 90.26 | 94.17 |
| 7 | NY CTQ 3.17 11/01/2036 | 3.17% | 11/01/36 | -4.01% | 85.02 | 88.57 |
| 8 | MO MOSMED 4.00 11/15/2050 | 4.00% | 11/15/50 | -3.75% | 96.12 | 99.87 |
| 9 | NY NYC 3.00 03/01/2051 | 3.00% | 03/01/51 | -3.75% | 83.66 | 86.92 |
| 10 | AZ SALPWR 4.84 01/01/2041 | 4.84% | 01/01/41 | -3.70% | 107.99 | 112.14 |
Top 10 State Winners
Showcases the top 10 Muni State “Winners” based on yield movements between 8/5/22 – 8/12/22
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | TX | -20 bps | 4.68% | 4.88% |
| 2 | AL | -19 bps | 3.10% | 3.29% |
| 3 | HI | -14 bps | 3.14% | 3.29% |
| 4 | MO | -11 bps | 3.21% | 3.32% |
| 5 | SC | -10 bps | 3.03% | 3.13% |
| 6 | MI | -6 bps | 2.96% | 3.02% |
| 7 | NC | -6 bps | 2.66% | 2.72% |
| 8 | GA | -6 bps | 2.93% | 2.98% |
| 9 | DC | -6 bps | 3.47% | 3.53% |
| 10 | IL | -5 bps | 3.48% | 3.54% |
Top 10 State Losers
Showcases the top 10 Muni State “Losers” based on yield movements between 8/5/22 – 8/12/22
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | MD | 26 bps | 3.00% | 2.74% |
| 2 | KS | 22 bps | 3.03% | 2.80% |
| 3 | IA | 20 bps | 3.01% | 2.81% |
| 4 | FL | 19 bps | 3.34% | 3.14% |
| 5 | UT | 15 bps | 2.76% | 2.62% |
| 6 | MT | 13 bps | 3.06% | 2.93% |
| 7 | NJ | 12 bps | 3.18% | 3.06% |
| 8 | AZ | 11 bps | 3.08% | 2.98% |
| 9 | VA | 8 bps | 2.75% | 2.67% |
| 10 | MN | 8 bps | 3.00% | 2.92% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 8/5/22 – 8/12/22 (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 8/5/22 – 8/12/22 (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 8/5/22 – 8/12/22 (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 8/5/22 – 8/12/22
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 8/5/22 vs. the week ending 8/12/22
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | ID BOIAPT 5.00 09/01/2051 | 5.00% | 09/01/51 | 16 | 124 | 108 | 675% |
| 2 | CO NCOWTR 5.25 07/01/2052 | 5.25% | 07/01/52 | 40 | 135 | 95 | 238% |
| 3 | GA METTRN 4.00 07/01/2045 | 4.00% | 07/01/45 | 42 | 135 | 93 | 221% |
| 4 | AZ SALAGR 5.00 01/01/2032 | 5.00% | 01/01/32 | 9 | 87 | 78 | 867% |
| 5 | NH NFADEV 4.00 07/01/2051 | 4.00% | 07/01/51 | 43 | 120 | 77 | 179% |
| 6 | ND UNVCTF 2.50 06/01/2054 | 2.50% | 06/01/54 | 16 | 85 | 69 | 431% |
| 7 | AR UNVHGR 5.00 04/01/2047 | 5.00% | 04/01/47 | 20 | 80 | 60 | 300% |
| 8 | CO COSEDU 4.00 03/15/2045 | 4.00% | 03/15/45 | 15 | 75 | 60 | 400% |
| 9 | UT UNIHGR 4.00 08/01/2043 | 4.00% | 08/01/43 | 19 | 77 | 58 | 305% |
| 10 | OK OKSPWR 4.00 01/01/2047 | 4.00% | 01/01/47 | 19 | 77 | 58 | 305% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 8/5/22 – 8/12/22
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | WA WAS 5.00 08/01/2046 | 5.00% | 08/01/46 | 32 |
| 2 | MA MASTRN 5.00 06/01/2052 | 5.00% | 06/01/52 | 31 |
| 3 | TX DALAPT 4.00 11/01/2045 | 4.00% | 11/01/45 | 31 |
| 4 | NY TRBTRN 5.00 05/15/2030 | 5.00% | 05/15/30 | 30 |
| 5 | SC CHAUTL 5.00 01/01/2047 | 5.00% | 01/01/47 | 29 |
| 6 | TX BARSCD 4.00 02/15/2041 | 4.00% | 02/15/41 | 28 |
| 7 | GA METTRN 4.00 07/01/2045 | 4.00% | 07/01/45 | 28 |
| 8 | MO MOSMED 4.25 11/15/2048 | 4.25% | 11/15/48 | 28 |
| 9 | CO NCOWTR 5.25 07/01/2052 | 5.25% | 07/01/52 | 28 |
| 10 | IN INSFIN 5.00 01/01/2052 | 5.00% | 01/01/52 | 27 |
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