Municipals
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Municipal Bond Market Summary:
Week Ending 9/4/20
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 8/28/20 – 9/4/20
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | PA ECON DEV-CABS-C | 0.00% | 01/01/46 | 3.80% | 53.51 | 51.55 |
| 2 | BRIDGETON IDA-A-REF | 5.00% | 05/01/41 | 2.52% | 93.28 | 90.99 |
| 3 | MA DEV FIN AGY-D-TXBL | 3.52% | 10/01/46 | 2.22% | 105.15 | 102.87 |
| 4 | HAWAII ST ARPTS SYS C | 3.14% | 07/01/47 | 1.85% | 96.25 | 94.50 |
| 5 | CHICAGO BOE-CABS-B1 | 0.00% | 12/01/30 | 1.69% | 73.48 | 72.26 |
| 6 | PECULIAR-REF | 2.00% | 02/01/44 | 1.69% | 99.81 | 98.16 |
| 7 | MO ST HLTH & EDU FACS | 3.65% | 01/15/46 | 1.66% | 123.33 | 121.31 |
| 8 | JEFFERSON CNTR -B | 5.75% | 12/15/50 | 1.62% | 101.24 | 99.63 |
| 9 | AL PUB SCH & CLG-A | 5.00% | 05/01/29 | 1.55% | 131.94 | 129.93 |
| 10 | NC AGRIC & TECH ST UN | 2.51% | 10/01/37 | 1.55% | 101.92 | 100.36 |
Top 10 Losers
Showcases the top 10 Muni Bond “Losers” based on price movements between 8/28/20 – 9/4/20
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | VANDERBURGH REDEV-REF | 3.63% | 02/01/29 | -3.35% | 107.38 | 111.10 |
| 2 | BIRMINGHAM EDL TUITIO | 6.05% | 12/01/31 | -3.05% | 90.16 | 93.00 |
| 3 | ROSEVILLE CA JT UNHSD | 0.00% | 08/01/42 | -2.91% | 54.53 | 56.17 |
| 4 | PUERTO RICO PUB IMPT | 5.75% | 07/01/32 | -2.82% | 65.11 | 67.00 |
| 5 | ESTRN WA UNIV-B-SVCS | 2.75% | 10/01/30 | -2.80% | 104.24 | 107.24 |
| 6 | LOS ALAMITOS SCH DT-B | 2.00% | 08/01/41 | -2.76% | 98.31 | 101.11 |
| 7 | MOUNTAIN VIEW WHISMAN | 3.00% | 09/01/37 | -2.75% | 112.04 | 115.21 |
| 8 | MET TRANSPRTN-C-1 | 4.00% | 11/15/46 | -2.49% | 99.39 | 101.93 |
| 9 | DENTON CO MUD#6 | 2.13% | 09/01/42 | -2.39% | 96.15 | 98.51 |
| 10 | VENUS | 2.00% | 02/15/43 | -2.35% | 99.34 | 101.73 |
Top 10 State Winners
Showcases the top 10 Muni State “Winners” based on yield movements between 8/28/20 – 9/4/20
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | AL | -28 bps | 1.73% | 2.01% |
| 2 | NV | -24 bps | 1.70% | 1.94% |
| 3 | IA | -18 bps | 1.27% | 1.46% |
| 4 | NJ | -14 bps | 1.46% | 1.60% |
| 5 | WA | -13 bps | 1.49% | 1.62% |
| 6 | MA | -13 bps | 1.16% | 1.29% |
| 7 | CT | -11 bps | 2.13% | 2.24% |
| 8 | SC | -11 bps | 1.46% | 1.57% |
| 9 | CA | -10 bps | 1.74% | 1.84% |
| 10 | NY | -9 bps | 1.70% | 1.80% |
Top 10 State Losers
Showcases the top 10 Muni State “Losers” based on yield movements between 8/28/20 – 9/4/20
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | ME | 47 bps | 1.55% | 1.08% |
| 2 | CO | 42 bps | 2.15% | 1.73% |
| 3 | PA | 33 bps | 2.28% | 1.95% |
| 4 | WI | 31 bps | 1.86% | 1.55% |
| 5 | GA | 24 bps | 1.45% | 1.20% |
| 6 | FL | 24 bps | 1.71% | 1.47% |
| 7 | WV | 19 bps | 1.30% | 1.11% |
| 8 | MS | 19 bps | 1.44% | 1.25% |
| 9 | MD | 13 bps | 1.20% | 1.07% |
| 10 | DE | 8 bps | 1.11% | 1.03% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 8/28/20 – 9/4/20 (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 8/28/20 – 9/4/20 (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 8/28/20 – 9/4/20 (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 8/28/20 – 9/4/20
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 8/28/20 vs. the week ending 9/4/20
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | SAN ANTONIO TX | 4.00% | 08/01/34 | 14 | 67 | 53 | 379% |
| 2 | PENNSYLVANIA ST-1ST | 4.00% | 03/15/35 | 23 | 70 | 47 | 204% |
| 3 | WASHINGTON ST -B | 5.00% | 06/01/43 | 88 | 130 | 42 | 48% |
| 4 | FULTON CO -A -WTR SWR | 3.00% | 01/01/36 | 65 | 105 | 40 | 62% |
| 5 | DIST OF COLUMBIA INCO | 5.00% | 10/01/34 | 5 | 44 | 39 | 780% |
| 6 | N THURSTON PUB SCHS | 4.00% | 12/01/35 | 3 | 40 | 37 | 1233% |
| 7 | DALLAS TX AREA RAPID | 5.00% | 12/01/33 | 14 | 50 | 36 | 257% |
| 8 | SAN ANTONIO TX | 5.00% | 08/01/32 | 15 | 50 | 35 | 233% |
| 9 | ROCKWALL TX INDEP SCH | 2.08% | 02/15/37 | 5 | 40 | 35 | 700% |
| 10 | MET TRANSPRTN -A-1 | 5.00% | 11/15/48 | 26 | 60 | 34 | 131% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 8/28/20 – 9/4/20
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | NEW YORK ST URBAN DEV | 4.00% | 03/15/42 | 35 |
| 2 | MASSACHUSETTS ST | 5.00% | 07/01/48 | 30 |
| 3 | NEW YORK ST URBAN DEV | 4.00% | 03/15/41 | 29 |
| 4 | PORT AUTH OF NEW YORK | 4.00% | 07/15/60 | 29 |
| 5 | WASHINGTON ST-A | 5.00% | 08/01/36 | 28 |
| 6 | LOS ANGELES DEPT-B | 5.00% | 07/01/40 | 28 |
| 7 | PORT AUTH OF NEW YORK | 4.00% | 07/15/45 | 26 |
| 8 | MASSACHUSETTS ST | 5.00% | 07/01/45 | 26 |
| 9 | HOUSTON PORT AUTH -A | 4.00% | 10/01/36 | 26 |
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