Municipals
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Municipal Bond Market Summary:
Week Ending 9/23/22
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 9/16/22 – 9/23/22
RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
1 | FL HILMED 4.00 10/01/2043 | 4.00% | 10/01/43 | 10.48% | 100.32 | 90.81 |
2 | TX NRTTRN 3.01 01/01/2043 | 3.01% | 01/01/43 | 1.73% | 75.70 | 74.41 |
3 | CA GLDGEN 3.49 06/01/2036 | 3.49% | 06/01/36 | 1.53% | 82.46 | 81.22 |
4 | CA BAKUTL 5.00 09/15/2028 | 5.00% | 09/15/28 | 1.51% | 103.44 | 101.90 |
5 | IA IASGEN 5.00 06/01/2029 | 5.00% | 06/01/29 | 1.27% | 108.43 | 107.08 |
6 | CA BRRSCD 4.00 08/01/2040 | 4.00% | 08/01/40 | 1.12% | 99.63 | 98.52 |
7 | WA KIR 2.00 12/01/2041 | 2.00% | 12/01/41 | 1.08% | 65.13 | 64.44 |
8 | HI HISAPT 3.14 07/01/2047 | 3.14% | 07/01/47 | 0.92% | 71.77 | 71.12 |
9 | CA LONSCD 0.00 08/01/2039 | 0.00% | 08/01/39 | 0.79% | 46.12 | 45.76 |
10 | PA LEHWTR 3.23 12/01/2050 | 3.23% | 12/01/50 | 0.71% | 71.00 | 70.50 |
Top 10 Losers
Showcases the top 10 Muni Bond “Losers” based on price movements between 9/16/22 – 9/23/22
RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
1 | CT CTSHGR 4.00 07/01/2046 | 4.00% | 07/01/46 | -12.68% | 89.05 | 101.97 |
2 | NY NYTTRN 4.00 04/30/2053 | 4.00% | 04/30/53 | -10.98% | 78.68 | 88.39 |
3 | MN SUDMED 4.00 05/01/2049 | 4.00% | 05/01/49 | -9.08% | 89.43 | 98.37 |
4 | IA IASGEN 5.00 12/01/2050 | 5.00% | 12/01/50 | -8.98% | 94.05 | 103.33 |
5 | OH OHSHGR 4.00 12/01/2048 | 4.00% | 12/01/48 | -7.97% | 92.49 | 100.50 |
6 | FL TAMGEN 0.00 09/01/2039 | 0.00% | 09/01/39 | -7.65% | 41.82 | 45.28 |
7 | CA RIVTRN 4.00 06/01/2047 | 4.00% | 06/01/47 | -7.52% | 88.63 | 95.84 |
8 | TX HARUTL 3.00 09/01/2033 | 3.00% | 09/01/33 | -7.50% | 90.39 | 97.71 |
9 | OH GRLSCD 3.54 01/01/2051 | 3.54% | 01/01/51 | -7.48% | 72.27 | 78.11 |
10 | CA ING 3.50 09/01/2047 | 3.50% | 09/01/47 | -7.41% | 86.58 | 93.52 |
Top 10 State Winners
Showcases the top 10 Muni State “Winners” based on yield movements between 9/16/22 – 9/23/22
RANK | STATE | CHANGE | YLD | YLD-1W |
1 | OH | 0 bps | 3.88% | 3.88% |
2 | FL | 5 bps | 3.85% | 3.80% |
3 | CT | 6 bps | 3.97% | 3.91% |
4 | PA | 6 bps | 3.74% | 3.68% |
5 | MS | 8 bps | 3.82% | 3.74% |
6 | MA | 11 bps | 3.79% | 3.68% |
7 | IL | 13 bps | 3.97% | 3.84% |
8 | DC | 14 bps | 4.05% | 3.91% |
9 | WA | 15 bps | 3.81% | 3.67% |
10 | CA | 15 bps | 3.87% | 3.72% |
Top 10 State Losers
Showcases the top 10 Muni State “Losers” based on yield movements between 9/16/22 – 9/23/22
RANK | STATE | CHANGE | YLD | YLD-1W |
1 | TN | 908 bps | 12.85% | 3.78% |
2 | NY | 199 bps | 5.57% | 3.58% |
3 | TX | 126 bps | 7.37% | 6.12% |
4 | IA | 49 bps | 3.86% | 3.37% |
5 | MO | 40 bps | 3.90% | 3.50% |
6 | SC | 35 bps | 3.86% | 3.51% |
7 | WV | 30 bps | 3.79% | 3.49% |
8 | CO | 29 bps | 3.98% | 3.68% |
9 | AL | 29 bps | 3.96% | 3.67% |
10 | WI | 29 bps | 3.74% | 3.45% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 9/16/22 – 9/23/22 (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 9/16/22 – 9/23/22 (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 9/16/22 – 9/23/22 (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 9/16/22 – 9/23/22
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 9/16/22 vs. the week ending 9/23/22
RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
1 | LA LASFAC 5.00 05/15/2042 | 5.00% | 05/15/42 | 10 | 69 | 59 | 590% |
2 | NY NYSHGR 5.00 03/15/2045 | 5.00% | 03/15/45 | 23 | 82 | 59 | 257% |
3 | NE NESPWR 4.00 01/01/2044 | 4.00% | 01/01/44 | 10 | 63 | 53 | 530% |
4 | PA LANMED 5.00 11/01/2051 | 5.00% | 11/01/51 | 20 | 68 | 48 | 240% |
5 | OH CLETRN 5.50 08/01/2047 | 5.50% | 08/01/47 | 32 | 80 | 48 | 150% |
6 | IL ILSGEN 4.00 10/01/2038 | 4.00% | 10/01/38 | 18 | 65 | 47 | 261% |
7 | SC SCSUTL 5.00 12/01/2055 | 5.00% | 12/01/55 | 5 | 52 | 47 | 940% |
8 | MA UMAFAC 5.00 11/01/2052 | 5.00% | 11/01/52 | 89 | 136 | 47 | 53% |
9 | WI WISMED 5.00 11/15/2036 | 5.00% | 11/15/36 | 4 | 50 | 46 | 1150% |
10 | TX BEXMED 4.25 02/15/2052 | 4.25% | 02/15/52 | 41 | 85 | 44 | 107% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 9/16/22 – 9/23/22
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 | 32 |
3 | GA GA GASTRN 5 07/01/2022 5.00 07/01/2047 | 5.00% | 07/01/47 | 32 |
4 | NY NYSTRN 5.00 03/15/2054 | 5.00% | 03/15/54 | 30 |
5 | FL FLSGEN 1.71 07/01/2027 | 1.71% | 07/01/27 | 29 |
6 | FL MIATRN 5.00 07/01/2047 | 5.00% | 07/01/47 | 28 |
7 | FL SARMED 4.00 07/01/2052 | 4.00% | 07/01/52 | 28 |
8 | MA UMAFAC 5.00 11/01/2052 | 5.00% | 11/01/52 | 28 |
9 | PR PRCGEN 5.00 07/01/2058 | 5.00% | 07/01/58 | 27 |
10 | CO COSMED 4.00 11/15/2046 | 4.00% | 11/15/46 | 27 |
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