Municipals
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Municipal Bond Market Summary:
Week Ending 8/5/22
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 7/29/22 – 8/5/22
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | WA WASMED 4.00 09/01/2050 | 4.00% | 09/01/50 | 9.54% | 98.60 | 90.01 |
| 2 | PA PITHGR 3.56 09/15/2119 | 3.56% | 09/15/19 | 6.72% | 81.80 | 76.65 |
| 3 | MA MAS 2.00 04/01/2050 | 2.00% | 04/01/50 | 6.07% | 68.67 | 64.74 |
| 4 | MA MASDEV 5.00 07/01/2048 | 5.00% | 07/01/48 | 5.89% | 104.82 | 98.99 |
| 5 | MA MASEDU 2.95 05/15/2043 | 2.95% | 05/15/43 | 5.57% | 83.36 | 78.96 |
| 6 | CT CTS 5.30 10/01/2029 | 5.30% | 10/01/29 | 5.48% | 110.33 | 104.60 |
| 7 | PA PASTRN 4.00 12/01/2049 | 4.00% | 12/01/49 | 5.33% | 93.80 | 89.06 |
| 8 | CA SJNSCD 3.00 08/01/2035 | 3.00% | 08/01/35 | 5.31% | 98.00 | 93.06 |
| 9 | MI MISFAC 2.71 10/15/2040 | 2.71% | 10/15/40 | 4.81% | 82.09 | 78.33 |
| 10 | CA LOSSCD 4.00 07/01/2038 | 4.00% | 07/01/38 | 4.68% | 105.64 | 100.92 |
Top 10 Losers
Showcases the top 10 Muni Bond “Losers” based on price movements between 7/29/22 – 8/5/22
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | OH OHSHGR 4.80 06/01/2111 | 4.80% | 06/01/11 | -7.58% | 102.02 | 110.39 |
| 2 | NY NYSHGR 5.00 07/01/2032 | 5.00% | 07/01/32 | -5.24% | 108.11 | 114.08 |
| 3 | TX WDLMED 6.75 12/01/2051 | 6.75% | 12/01/51 | -4.83% | 76.25 | 80.13 |
| 4 | VA VASMED 4.00 12/01/2049 | 4.00% | 12/01/49 | -4.28% | 91.81 | 95.92 |
| 5 | MA MAS 2.66 09/01/2039 | 2.66% | 09/01/39 | -4.19% | 83.63 | 87.29 |
| 6 | PA LEHMED 4.00 07/01/2043 | 4.00% | 07/01/43 | -3.80% | 97.69 | 101.54 |
| 7 | WA WAS 5.09 08/01/2033 | 5.09% | 08/01/33 | -3.17% | 104.09 | 107.50 |
| 8 | TX HOUAPT 4.00 07/15/2041 | 4.00% | 07/15/41 | -3.10% | 87.80 | 90.61 |
| 9 | OR ORSFAC 2.49 10/01/2035 | 2.49% | 10/01/35 | -2.91% | 79.81 | 82.20 |
| 10 | PR PRCTRN 5.25 07/01/2032 | 5.25% | 07/01/32 | -2.59% | 95.96 | 98.51 |
Top 10 State Winners
Showcases the top 10 Muni State “Winners” based on yield movements between 7/29/22 – 8/5/22
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | WI | -56 bps | 2.92% | 3.49% |
| 2 | CO | -29 bps | 3.13% | 3.43% |
| 3 | NY | -27 bps | 2.99% | 3.26% |
| 4 | FL | -22 bps | 3.13% | 3.35% |
| 5 | LA | -19 bps | 3.11% | 3.29% |
| 6 | VA | -18 bps | 2.67% | 2.85% |
| 7 | IL | -16 bps | 3.54% | 3.70% |
| 8 | CA | -14 bps | 3.25% | 3.38% |
| 9 | MA | -11 bps | 3.18% | 3.29% |
| 10 | NV | -8 bps | 3.21% | 3.29% |
Top 10 State Losers
Showcases the top 10 Muni State “Losers” based on yield movements between 7/29/22 – 8/5/22
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | TX | 164 bps | 4.87% | 3.23% |
| 2 | AL | 25 bps | 3.29% | 3.05% |
| 3 | OH | 22 bps | 3.27% | 3.05% |
| 4 | SC | 21 bps | 3.13% | 2.92% |
| 5 | NJ | 17 bps | 3.31% | 3.14% |
| 6 | KS | 14 bps | 2.78% | 2.64% |
| 7 | NC | 12 bps | 2.72% | 2.60% |
| 8 | IA | 9 bps | 2.76% | 2.67% |
| 9 | WV | 8 bps | 3.05% | 2.96% |
| 10 | MO | 7 bps | 3.32% | 3.25% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 7/29/22 – 8/5/22 (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 7/29/22 – 8/5/22 (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 7/29/22 – 8/5/22 (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 7/29/22 – 8/5/22
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 7/29/22 vs. the week ending 8/5/22
| 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 7/29/22 – 8/5/22
| 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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