Municipals
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Municipal Bond Market Summary:
Week Ending 9/16/22
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 9/9/22 – 9/16/22
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | NV LVVWTR 4.00 06/01/2043 | 4.00% | 06/01/43 | 5.72% | 98.32 | 93.00 |
| 2 | NY MONDEV 4.00 12/01/2046 | 4.00% | 12/01/46 | 3.82% | 87.40 | 84.18 |
| 3 | CA UNVHGR 3.00 05/15/2051 | 3.00% | 05/15/51 | 3.40% | 77.32 | 74.78 |
| 4 | HI HISAPT 3.14 07/01/2047 | 3.14% | 07/01/47 | 2.59% | 71.12 | 69.32 |
| 5 | IL STSGEN 3.24 01/01/2042 | 3.24% | 01/01/42 | 2.54% | 81.94 | 79.91 |
| 6 | LA LASFAC 4.00 10/01/2051 | 4.00% | 10/01/51 | 2.24% | 86.83 | 84.93 |
| 7 | CA FOOTRN 3.92 01/15/2053 | 3.92% | 01/15/53 | 2.09% | 80.78 | 79.13 |
| 8 | IL CHIUTL 5.00 01/01/2044 | 5.00% | 01/01/44 | 1.99% | 102.49 | 100.49 |
| 9 | TX FORTRN 3.00 03/01/2051 | 3.00% | 03/01/51 | 1.95% | 77.38 | 75.90 |
| 10 | NY ONEDEV 4.00 12/01/2039 | 4.00% | 12/01/39 | 1.94% | 98.45 | 96.58 |
Top 10 Losers
Showcases the top 10 Muni Bond “Losers” based on price movements between 9/9/22 – 9/16/22
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | CA WILSCD 2.00 08/01/2044 | 2.00% | 08/01/44 | -10.89% | 64.54 | 72.43 |
| 2 | MN MPRSCD 4.00 02/01/2050 | 4.00% | 02/01/50 | -10.61% | 98.40 | 110.08 |
| 3 | OH CLETRN 4.00 07/01/2046 | 4.00% | 07/01/46 | -10.60% | 90.06 | 100.74 |
| 4 | OH LUCMED 4.00 11/15/2045 | 4.00% | 11/15/45 | -10.30% | 66.48 | 74.12 |
| 5 | PA AUTGEN 5.00 11/01/2053 | 5.00% | 11/01/53 | -8.79% | 71.45 | 78.33 |
| 6 | FL PCBGEN 4.00 11/01/2044 | 4.00% | 11/01/44 | -7.10% | 92.21 | 99.27 |
| 7 | MA MASTRN 4.00 07/01/2044 | 4.00% | 07/01/44 | -7.02% | 90.85 | 97.72 |
| 8 | AL HOUWTR 3.10 05/01/2050 | 3.10% | 05/01/50 | -6.97% | 74.23 | 79.79 |
| 9 | PA ALVUTL 4.00 08/01/2047 | 4.00% | 08/01/47 | -6.88% | 92.83 | 99.69 |
| 10 | CA CASGEN 4.00 06/01/2049 | 4.00% | 06/01/49 | -6.72% | 89.10 | 95.51 |
Top 10 State Winners
Showcases the top 10 Muni State “Winners” based on yield movements between 9/9/22 – 9/16/22
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | WI | -23 bps | 3.30% | 3.53% |
| 2 | IL | -10 bps | 3.84% | 3.94% |
| 3 | MA | -7 bps | 3.53% | 3.60% |
| 4 | PA | -3 bps | 3.61% | 3.64% |
| 5 | LA | 0 bps | 3.41% | 3.41% |
| 6 | NJ | 1 bps | 3.77% | 3.76% |
| 7 | AZ | 3 bps | 3.51% | 3.47% |
| 8 | MN | 3 bps | 3.53% | 3.49% |
| 9 | MO | 4 bps | 3.50% | 3.47% |
| 10 | DC | 6 bps | 3.91% | 3.85% |
Top 10 State Losers
Showcases the top 10 Muni State “Losers” based on yield movements between 9/9/22 – 9/16/22
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | TX | 145 bps | 6.14% | 4.69% |
| 2 | TN | 44 bps | 3.78% | 3.33% |
| 3 | OH | 40 bps | 3.88% | 3.49% |
| 4 | NC | 28 bps | 3.29% | 3.01% |
| 5 | MI | 24 bps | 3.69% | 3.46% |
| 6 | CO | 23 bps | 3.74% | 3.51% |
| 7 | VA | 23 bps | 3.49% | 3.26% |
| 8 | MS | 23 bps | 3.75% | 3.52% |
| 9 | WA | 22 bps | 3.67% | 3.45% |
| 10 | AL | 19 bps | 3.71% | 3.53% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 9/9/22 – 9/16/22 (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 9/9/22 – 9/16/22 (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 9/9/22 – 9/16/22 (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 9/9/22 – 9/16/22
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 9/9/22 vs. the week ending 9/16/22
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | CA CASMED 4.00 05/15/2051 | 4.00% | 05/15/51 | 17 | 76 | 59 | 347% |
| 2 | NV LVVWTR 4.00 06/01/2043 | 4.00% | 06/01/43 | 2 | 56 | 54 | 2700% |
| 3 | CA CIVSCD 5.00 08/01/2055 | 5.00% | 08/01/55 | 7 | 58 | 51 | 729% |
| 4 | MI MISFIN 5.00 05/15/2054 | 5.00% | 05/15/54 | 10 | 59 | 49 | 490% |
| 5 | CA UNVHGR 4.00 05/15/2048 | 4.00% | 05/15/48 | 3 | 51 | 48 | 1600% |
| 6 | CA OAKSCD 4.00 08/01/2046 | 4.00% | 08/01/46 | 38 | 84 | 46 | 121% |
| 7 | MO STSSCD 5.00 03/01/2030 | 5.00% | 03/01/30 | 11 | 55 | 44 | 400% |
| 8 | TX CVLSCD 4.00 02/15/2052 | 4.00% | 02/15/52 | 8 | 52 | 44 | 550% |
| 9 | WY UNIHGR 4.00 06/01/2044 | 4.00% | 06/01/44 | 20 | 63 | 43 | 215% |
| 10 | PA PASTRN 4.00 12/01/2051 | 4.00% | 12/01/51 | 15 | 58 | 43 | 287% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 9/9/22 – 9/16/22
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | TX MID 5.00 03/01/2047 | 5.00% | 03/01/47 | 36 |
| 2 | WA WAS 5.00 08/01/2046 | 5.00% | 08/01/46 | 34 |
| 3 | NY NYSTRN 5.00 03/15/2054 | 5.00% | 03/15/54 | 33 |
| 4 | FL FLSGEN 1.71 07/01/2027 | 1.71% | 07/01/27 | 29 |
| 5 | GA GA GASTRN 5 07/01/2022 5.00 07/01/2047 | 5.00% | 07/01/47 | 28 |
| 6 | NH NFADEV 4.00 07/01/2051 | 4.00% | 07/01/51 | 28 |
| 7 | FL SARMED 4.00 07/01/2052 | 4.00% | 07/01/52 | 27 |
| 8 | DC METAPT 4.00 10/01/2051 | 4.00% | 10/01/51 | 26 |
| 9 | TX CLIEDU 4.13 08/15/2047 | 4.13% | 08/15/47 | 25 |
| 10 | NY NYC 4.00 09/01/2046 | 4.00% | 09/01/46 | 25 |
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