Municipals
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Municipal Bond Market Summary:
Week Ending 8/26/22
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 8/19/22 – 8/26/22
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | MD BAL 3.30 07/01/2046 | 3.30% | 07/01/46 | 3.22% | 87.46 | 84.73 |
| 2 | MI UNVHGR 3.60 04/01/2047 | 3.60% | 04/01/47 | 3.06% | 92.81 | 90.05 |
| 3 | AL OXF 4.00 07/01/2052 | 4.00% | 07/01/52 | 1.69% | 98.96 | 97.32 |
| 4 | VA CHE 4.00 08/01/2035 | 4.00% | 08/01/35 | 1.39% | 106.04 | 104.58 |
| 5 | CA VACSCD 3.75 08/01/2038 | 3.75% | 08/01/38 | 1.31% | 106.08 | 104.70 |
| 6 | WA PTSGEN 5.00 05/01/2036 | 5.00% | 05/01/36 | 1.20% | 108.05 | 106.77 |
| 7 | NY RIV 4.00 12/01/2031 | 4.00% | 12/01/31 | 1.07% | 107.07 | 105.94 |
| 8 | SD HARSCD 4.00 07/15/2031 | 4.00% | 07/15/31 | 1.07% | 107.05 | 105.91 |
| 9 | CA PALSCD 4.00 08/01/2044 | 4.00% | 08/01/44 | 1.06% | 100.78 | 99.73 |
| 10 | CA CASFAC 3.25 12/01/2030 | 3.25% | 12/01/30 | 1.05% | 103.03 | 101.96 |
Top 10 Losers
Showcases the top 10 Muni Bond “Losers” based on price movements between 8/19/22 – 8/26/22
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | MI MSTSCD 2.25 05/01/2046 | 2.25% | 05/01/46 | -6.70% | 66.25 | 71.01 |
| 2 | PA MONHGR 4.00 09/01/2039 | 4.00% | 09/01/39 | -6.55% | 98.21 | 105.10 |
| 3 | MD MDSMED 4.00 07/01/2048 | 4.00% | 07/01/48 | -6.46% | 96.14 | 102.79 |
| 4 | MI MISFIN 4.00 02/15/2044 | 4.00% | 02/15/44 | -6.21% | 96.52 | 102.92 |
| 5 | FL ORLUTL 4.00 10/01/2039 | 4.00% | 10/01/39 | -6.05% | 101.25 | 107.77 |
| 6 | CA CASMED 3.00 08/15/2051 | 3.00% | 08/15/51 | -6.04% | 82.51 | 87.82 |
| 7 | IN INSUTL 4.00 10/01/2037 | 4.00% | 10/01/37 | -5.77% | 103.48 | 109.82 |
| 8 | FL MIAUTL 3.38 10/01/2047 | 3.38% | 10/01/47 | -5.71% | 84.37 | 89.48 |
| 9 | IN SOUGEN 2.45 08/01/2034 | 2.45% | 08/01/34 | -5.57% | 76.30 | 80.80 |
| 10 | FL LEEMED 4.00 04/01/2049 | 4.00% | 04/01/49 | -4.76% | 94.75 | 99.49 |
Top 10 State Winners
Showcases the top 10 Muni State “Winners” based on yield movements between 8/19/22 – 8/26/22
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | SC | -17 bps | 3.16% | 3.34% |
| 2 | HI | -14 bps | 3.36% | 3.50% |
| 3 | NY | -6 bps | 3.27% | 3.33% |
| 4 | CT | -5 bps | 3.62% | 3.67% |
| 5 | AL | -3 bps | 3.33% | 3.36% |
| 6 | AZ | -1 bps | 3.21% | 3.22% |
| 7 | WI | -1 bps | 3.28% | 3.29% |
| 8 | MA | 0 bps | 3.37% | 3.36% |
| 9 | DC | 2 bps | 3.70% | 3.68% |
| 10 | MD | 2 bps | 3.06% | 3.04% |
Top 10 State Losers
Showcases the top 10 Muni State “Losers” based on yield movements between 8/19/22 – 8/26/22
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | IL | 36 bps | 4.00% | 3.64% |
| 2 | NJ | 31 bps | 3.60% | 3.29% |
| 3 | GA | 23 bps | 3.18% | 2.96% |
| 4 | NC | 22 bps | 3.12% | 2.90% |
| 5 | IA | 21 bps | 3.10% | 2.89% |
| 6 | MO | 20 bps | 3.43% | 3.24% |
| 7 | CO | 19 bps | 3.65% | 3.46% |
| 8 | DE | 17 bps | 2.93% | 2.76% |
| 9 | MI | 17 bps | 3.33% | 3.16% |
| 10 | KS | 17 bps | 2.83% | 2.67% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 8/19/22 – 8/26/22 (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 8/19/22 – 8/26/22 (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 8/19/22 – 8/26/22 (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 8/19/22 – 8/26/22
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 8/19/22 vs. the week ending 8/26/22
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | OR COLSCD 0.00 06/15/2045 | 0.00% | 06/15/45 | 18 | 90 | 72 | 400% |
| 2 | TX CRASCD 4.00 08/15/2047 | 4.00% | 08/15/47 | 29 | 89 | 60 | 207% |
| 3 | TX HAYSCD 4.00 02/15/2042 | 4.00% | 02/15/42 | 14 | 67 | 53 | 379% |
| 4 | TX PEA 4.00 03/01/2042 | 4.00% | 03/01/42 | 1 | 52 | 51 | 5100% |
| 5 | TX KATSCD 4.00 02/15/2042 | 4.00% | 02/15/42 | 8 | 59 | 51 | 638% |
| 6 | TX PEA 4.00 09/01/2042 | 4.00% | 09/01/42 | 1 | 52 | 51 | 5100% |
| 7 | TX PEA 4.00 03/01/2041 | 4.00% | 03/01/41 | 1 | 52 | 51 | 5100% |
| 8 | TX PEA 4.00 09/01/2039 | 4.00% | 09/01/39 | 1 | 52 | 51 | 5100% |
| 9 | TX UNIHGR 5.00 08/15/2047 | 5.00% | 08/15/47 | 20 | 70 | 50 | 250% |
| 10 | TX BLNSCD 4.00 02/15/2042 | 4.00% | 02/15/42 | 18 | 67 | 49 | 272% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 8/19/22 – 8/26/22
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | WA WAS 5.00 08/01/2046 | 5.00% | 08/01/46 | 42 |
| 2 | NY NYSTRN 5.00 03/15/2054 | 5.00% | 03/15/54 | 32 |
| 3 | TX DALAPT 4.00 11/01/2045 | 4.00% | 11/01/45 | 31 |
| 4 | IN INSFIN 5.00 01/01/2052 | 5.00% | 01/01/52 | 31 |
| 5 | TX MID 5.00 03/01/2047 | 5.00% | 03/01/47 | 31 |
| 6 | NY TRBTRN 5.00 05/15/2030 | 5.00% | 05/15/30 | 29 |
| 7 | GA METTRN 4.00 07/01/2045 | 4.00% | 07/01/45 | 28 |
| 8 | WA ENEPWR 5.00 07/01/2041 | 5.00% | 07/01/41 | 27 |
| 9 | TX HUMSCD 4.00 02/15/2052 | 4.00% | 02/15/52 | 27 |
| 10 | NY NYSTRN 5.00 03/15/2038 | 5.00% | 03/15/38 | 27 |
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