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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