Municipals
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Municipal Bond Market Summary:
Week Ending 9/2/22
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 8/26/22 – 9/2/22
RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
1 | CT WES 2.86 07/01/2046 | 2.86% | 07/01/46 | 5.70% | 74.21 | 70.21 |
2 | MN STPTRN 3.00 10/01/2034 | 3.00% | 10/01/34 | 3.27% | 94.28 | 91.30 |
3 | ND WILMFH 6.25 09/01/2023 | 6.25% | 09/01/23 | 2.80% | 72.69 | 70.72 |
4 | OH CINWTR 3.00 12/01/2049 | 3.00% | 12/01/49 | 2.77% | 80.72 | 78.54 |
5 | TX NRTTRN 0.00 01/01/2029 | 0.00% | 01/01/29 | 2.75% | 80.99 | 78.82 |
6 | CA SFOPWR 6.00 11/01/2040 | 6.00% | 11/01/40 | 2.02% | 116.59 | 114.28 |
7 | NC CHAAPT 4.00 07/01/2052 | 4.00% | 07/01/52 | 1.87% | 99.01 | 97.19 |
8 | PA MONHGR 4.00 09/01/2039 | 4.00% | 09/01/39 | 1.77% | 99.95 | 98.21 |
9 | LA LASFAC 4.00 11/01/2030 | 4.00% | 11/01/30 | 1.56% | 109.96 | 108.28 |
10 | CT CTS 4.00 06/01/2037 | 4.00% | 06/01/37 | 1.47% | 104.35 | 102.83 |
Top 10 Losers
Showcases the top 10 Muni Bond “Losers” based on price movements between 8/26/22 – 9/2/22
RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
1 | CA ESGSCD 2.13 08/01/2050 | 2.13% | 08/01/50 | -12.91% | 64.08 | 73.58 |
2 | CA SCRGEN 2.50 05/01/2049 | 2.50% | 05/01/49 | -11.88% | 71.72 | 81.39 |
3 | CA LOWSCD 2.50 08/01/2050 | 2.50% | 08/01/50 | -11.04% | 68.65 | 77.17 |
4 | CA GRESCD 2.38 08/01/2047 | 2.38% | 08/01/47 | -10.56% | 68.66 | 76.77 |
5 | PA CMU 2.30 09/15/2050 | 2.30% | 09/15/50 | -10.45% | 67.27 | 75.12 |
6 | OH GAHEDU 2.25 12/01/2050 | 2.25% | 12/01/50 | -9.90% | 65.81 | 73.04 |
7 | CA PLUSCD 2.50 08/01/2048 | 2.50% | 08/01/48 | -9.89% | 71.79 | 79.67 |
8 | PA CHLWTR 2.75 12/01/2045 | 2.75% | 12/01/45 | -9.12% | 77.36 | 85.12 |
9 | MN MN SWIMED 2.38 02/01/2044 2.38 02/01/2044 | 2.38% | 02/01/44 | -8.94% | 73.20 | 80.39 |
10 | NY NYSHGR 3.00 03/15/2050 | 3.00% | 03/15/50 | -8.90% | 77.05 | 84.58 |
Top 10 State Winners
Showcases the top 10 Muni State “Winners” based on yield movements between 8/26/22 – 9/2/22
RANK | STATE | CHANGE | YLD | YLD-1W |
1 | TX | -143 bps | 3.48% | 4.91% |
2 | CO | -26 bps | 3.40% | 3.66% |
3 | TN | -13 bps | 3.26% | 3.39% |
4 | LA | -12 bps | 3.41% | 3.53% |
5 | MO | -12 bps | 3.30% | 3.42% |
6 | VA | -10 bps | 2.99% | 3.09% |
7 | MA | -10 bps | 3.27% | 3.36% |
8 | GA | -9 bps | 3.10% | 3.19% |
9 | WA | -9 bps | 3.40% | 3.48% |
10 | NJ | -8 bps | 3.53% | 3.60% |
Top 10 State Losers
Showcases the top 10 Muni State “Losers” based on yield movements between 8/26/22 – 9/2/22
RANK | STATE | CHANGE | YLD | YLD-1W |
1 | KS | 46 bps | 3.30% | 2.84% |
2 | SC | 29 bps | 3.48% | 3.18% |
3 | NE | 26 bps | 3.35% | 3.09% |
4 | FL | 16 bps | 3.73% | 3.58% |
5 | OH | 15 bps | 3.47% | 3.32% |
6 | IA | 14 bps | 3.26% | 3.12% |
7 | PA | 14 bps | 3.61% | 3.47% |
8 | MN | 12 bps | 3.33% | 3.21% |
9 | MD | 11 bps | 3.19% | 3.07% |
10 | HI | 11 bps | 3.50% | 3.39% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 8/26/22 – 9/2/22 (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 8/26/22 – 9/2/22 (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 8/26/22 – 9/2/22 (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 8/26/22 – 9/2/22
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 8/26/22 vs. the week ending 9/2/22
RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
1 | CO DENAPT 5.00 12/01/2048 | 5.00% | 12/01/48 | 2 | 61 | 59 | 2950% |
2 | NY NYSTRN 4.00 01/01/2045 | 4.00% | 01/01/45 | 7 | 60 | 53 | 757% |
3 | NY NYSTRN 5.00 03/15/2048 | 5.00% | 03/15/48 | 25 | 65 | 40 | 160% |
4 | IL CHIAPT 5.00 01/01/2041 | 5.00% | 01/01/41 | 10 | 49 | 39 | 390% |
5 | AZ PHOAPT 4.00 07/01/2044 | 4.00% | 07/01/44 | 57 | 95 | 38 | 67% |
6 | MI MISFIN 5.00 11/15/2027 | 5.00% | 11/15/27 | 16 | 53 | 37 | 231% |
7 | TX ALAHGR 5.00 02/15/2028 | 5.00% | 02/15/28 | 1 | 36 | 35 | 3500% |
8 | TX ALAHGR 5.00 02/15/2030 | 5.00% | 02/15/30 | 1 | 36 | 35 | 3500% |
9 | TX ALAHGR 5.00 02/15/2029 | 5.00% | 02/15/29 | 1 | 35 | 34 | 3400% |
10 | PA PASHGR 4.00 08/15/2039 | 4.00% | 08/15/39 | 6 | 40 | 34 | 567% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 8/26/22 – 9/2/22
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 | 38 |
3 | IN INSFIN 5.00 01/01/2052 | 5.00% | 01/01/52 | 33 |
4 | TX MID 5.00 03/01/2047 | 5.00% | 03/01/47 | 31 |
5 | GA COBMED 4.00 04/01/2052 | 4.00% | 04/01/52 | 30 |
6 | NY TRBTRN 5.00 05/15/2030 | 5.00% | 05/15/30 | 29 |
7 | NY NYSTRN 5.00 03/15/2038 | 5.00% | 03/15/38 | 28 |
8 | MA MASTRN 5.00 06/01/2052 | 5.00% | 06/01/52 | 28 |
9 | GA METTRN 4.00 07/01/2045 | 4.00% | 07/01/45 | 28 |
10 | TX DALAPT 4.00 11/01/2045 | 4.00% | 11/01/45 | 28 |
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