Municipals
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Municipal Bond Market Summary:
Week Ending 9/30/22
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 9/23/22 – 9/30/22
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | TX HARFAC 0.00 11/15/2038 | 0.00% | 11/15/38 | 6.04% | 39.98 | 37.71 |
| 2 | WA WASMED 5.00 07/01/2039 | 5.00% | 07/01/39 | 2.98% | 97.44 | 94.62 |
| 3 | MD MDSTRN 2.00 10/01/2034 | 2.00% | 10/01/34 | 2.46% | 77.66 | 75.79 |
| 4 | CA CA SBTWTR 0.353 01/01/2021 2.73 01/01/2040 | 2.73% | 01/01/40 | 2.38% | 75.98 | 74.22 |
| 5 | OK OKSPWR 4.00 01/01/2047 | 4.00% | 01/01/47 | 2.03% | 99.85 | 97.87 |
| 6 | TX FOR 5.00 03/01/2025 | 5.00% | 03/01/25 | 2.01% | 101.85 | 99.84 |
| 7 | CA UNVHGR 6.40 05/15/2031 | 6.40% | 05/15/31 | 1.98% | 109.04 | 106.91 |
| 8 | CT HAM 5.20 08/15/2044 | 5.20% | 08/15/44 | 1.80% | 99.73 | 97.97 |
| 9 | NY NYSFAC 3.75 01/15/2047 | 3.75% | 01/15/47 | 1.78% | 85.71 | 84.21 |
| 10 | DE MFD 2.05 01/01/2030 | 2.05% | 01/01/30 | 1.77% | 92.20 | 90.59 |
Top 10 Losers
Showcases the top 10 Muni Bond “Losers” based on price movements between 9/23/22 – 9/30/22
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | PR PRC 11/01/2051 | 0.00% | 11/01/51 | -11.06% | 37.58 | 42.25 |
| 2 | IL MPNFAC 4.00 12/15/2042 | 4.00% | 12/15/42 | -10.84% | 80.51 | 90.29 |
| 3 | GA SAVDEV 4.00 06/15/2040 | 4.00% | 06/15/40 | -10.59% | 92.10 | 103.01 |
| 4 | MA MASDEV 4.00 10/01/2045 | 4.00% | 10/01/45 | -10.53% | 84.34 | 94.26 |
| 5 | IL STSGEN 3.24 01/01/2042 | 3.24% | 01/01/42 | -10.04% | 73.18 | 81.35 |
| 6 | CA UNIUTL 3.00 09/01/2036 | 3.00% | 09/01/36 | -9.61% | 84.37 | 93.34 |
| 7 | CA ADASCD 3.25 08/01/2037 | 3.25% | 08/01/37 | -9.45% | 88.89 | 98.17 |
| 8 | CA CASWTR 5.00 12/01/2030 | 5.00% | 12/01/30 | -9.34% | 99.41 | 109.65 |
| 9 | WI WISMED 4.00 08/15/2050 | 4.00% | 08/15/50 | -9.20% | 87.01 | 95.83 |
| 10 | PR PRCUTL 4.00 07/01/2042 | 4.00% | 07/01/42 | -9.14% | 79.30 | 87.28 |
Top 10 State Winners
Showcases the top 10 Muni State “Winners” based on yield movements between 9/23/22 – 9/30/22
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | TN | -34 bps | 12.52% | 12.86% |
| 2 | CO | -11 bps | 3.87% | 3.98% |
| 3 | DE | 2 bps | 3.45% | 3.43% |
| 4 | GA | 3 bps | 3.54% | 3.50% |
| 5 | UT | 4 bps | 3.47% | 3.44% |
| 6 | OH | 5 bps | 3.94% | 3.89% |
| 7 | NV | 6 bps | 3.82% | 3.77% |
| 8 | VA | 7 bps | 3.74% | 3.66% |
| 9 | WV | 8 bps | 3.86% | 3.78% |
| 10 | FL | 10 bps | 4.01% | 3.91% |
Top 10 State Losers
Showcases the top 10 Muni State “Losers” based on yield movements between 9/23/22 – 9/30/22
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | NJ | 1438 bps | 18.29% | 3.91% |
| 2 | MD | 918 bps | 12.63% | 3.45% |
| 3 | CT | 472 bps | 8.69% | 3.97% |
| 4 | NY | 323 bps | 7.12% | 3.89% |
| 5 | CA | 151 bps | 5.38% | 3.87% |
| 6 | TX | 136 bps | 8.74% | 7.37% |
| 7 | PA | 48 bps | 4.22% | 3.74% |
| 8 | MS | 40 bps | 4.19% | 3.79% |
| 9 | SC | 37 bps | 4.21% | 3.85% |
| 10 | MN | 36 bps | 4.05% | 3.69% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 9/23/22 – 9/30/22 (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 9/23/22 – 9/30/22 (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 9/23/22 – 9/30/22 (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 9/23/22 – 9/30/22
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 9/23/22 vs. the week ending 9/30/22
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | FL ALAMED 5.00 12/01/2044 | 5.00% | 12/01/44 | 43 | 98 | 55 | 128% |
| 2 | NY NYSDEV 5.00 03/15/2044 | 5.00% | 03/15/44 | 42 | 87 | 45 | 107% |
| 3 | MA MASDEV 5.00 07/01/2050 | 5.00% | 07/01/50 | 35 | 79 | 44 | 126% |
| 4 | NY NYSHGR 3.00 03/15/2050 | 3.00% | 03/15/50 | 60 | 104 | 44 | 73% |
| 5 | CA WHISCD 3.00 08/01/2046 | 3.00% | 08/01/46 | 10 | 53 | 43 | 430% |
| 6 | CA CASGEN 0.00 06/01/2027 | 0.00% | 06/01/27 | 12 | 53 | 41 | 342% |
| 7 | TX DALAPT 4.51 11/01/2051 | 4.51% | 11/01/51 | 22 | 63 | 41 | 186% |
| 8 | CA CASGEN 0.00 06/01/2026 | 0.00% | 06/01/26 | 12 | 53 | 41 | 342% |
| 9 | TX TXSWTR 4.00 10/15/2036 | 4.00% | 10/15/36 | 3 | 43 | 40 | 1333% |
| 10 | NY TRBTRN 5.00 11/15/2039 | 5.00% | 11/15/39 | 92 | 132 | 40 | 43% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 9/23/22 – 9/30/22
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | TX MID 5.00 03/01/2047 | 5.00% | 03/01/47 | 32 |
| 2 | GA GA GASTRN 5 07/01/2022 5.00 07/01/2047 | 5.00% | 07/01/47 | 31 |
| 3 | MA UMAFAC 5.00 11/01/2052 | 5.00% | 11/01/52 | 28 |
| 4 | FL MIATRN 5.00 07/01/2047 | 5.00% | 07/01/47 | 28 |
| 5 | PR PRCGEN 5.00 07/01/2058 | 5.00% | 07/01/58 | 27 |
| 6 | NY TRBTRN 5.00 11/15/2039 | 5.00% | 11/15/39 | 27 |
| 7 | IL CHITRN 5.50 01/01/2055 | 5.50% | 01/01/55 | 27 |
| 8 | NY NYSTRN 5.00 03/15/2054 | 5.00% | 03/15/54 | 27 |
| 9 | NY TRBTRN 4.50 05/15/2052 | 4.50% | 05/15/52 | 26 |
| 10 | FL SARMED 4.00 07/01/2052 | 4.00% | 07/01/52 | 26 |
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