Municipals
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Municipal Bond Market Summary:
Week Ending 9/9/22
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 9/2/22 – 9/9/22
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | TX DVLSCD 4.00 06/15/2037 | 4.00% | 06/15/37 | 4.77% | 107.20 | 102.32 |
| 2 | TX CRASCD 4.00 08/15/2052 | 4.00% | 08/15/52 | 3.84% | 101.14 | 97.40 |
| 3 | FL FPCUTL 4.00 10/01/2052 | 4.00% | 10/01/52 | 3.50% | 96.23 | 92.98 |
| 4 | DC METAPT 0.00 10/01/2037 | 0.00% | 10/01/37 | 2.93% | 49.05 | 47.65 |
| 5 | OH LUCMED 5.25 11/15/2048 | 5.25% | 11/15/48 | 2.70% | 75.64 | 73.66 |
| 6 | CA ESGSCD 2.13 08/01/2050 | 2.13% | 08/01/50 | 2.47% | 65.66 | 64.08 |
| 7 | NC NCSTRN 0.00 01/01/2034 | 0.00% | 01/01/34 | 1.69% | 62.82 | 61.78 |
| 8 | MN SUDMED 4.00 05/01/2049 | 4.00% | 05/01/49 | 1.68% | 98.37 | 96.75 |
| 9 | MD MDSDEV 1.65 09/01/2031 | 1.65% | 09/01/31 | 1.65% | 84.92 | 83.54 |
| 10 | PA PASTRN 5.56 12/01/2049 | 5.56% | 12/01/49 | 1.63% | 110.93 | 109.15 |
Top 10 Losers
Showcases the top 10 Muni Bond “Losers” based on price movements between 9/2/22 – 9/9/22
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
| 1 | TX LUBSCD 2.00 02/15/2044 | 2.00% | 02/15/44 | -9.25% | 67.16 | 74.00 |
| 2 | CA CASGEN 0.00 06/01/2036 | 0.00% | 06/01/36 | -7.59% | 41.66 | 45.08 |
| 3 | WA PTSGEN 5.00 08/01/2047 | 5.00% | 08/01/47 | -6.87% | 91.12 | 97.84 |
| 4 | MS WRNUTL 3.50 01/01/2039 | 3.50% | 01/01/39 | -6.85% | 97.30 | 104.45 |
| 5 | CA CDAHSG 3.00 12/01/2056 | 3.00% | 12/01/56 | -6.73% | 68.02 | 72.92 |
| 6 | IL STSGEN 3.24 01/01/2042 | 3.24% | 01/01/42 | -6.59% | 79.91 | 85.55 |
| 7 | MI CSPSCD 3.25 05/01/2041 | 3.25% | 05/01/41 | -6.37% | 90.83 | 97.01 |
| 8 | VA HRDTRN 4.00 07/01/2057 | 4.00% | 07/01/57 | -6.17% | 92.89 | 99.00 |
| 9 | CA UNVHGR 3.71 05/15/2120 | 3.71% | 05/15/20 | -6.17% | 68.38 | 72.88 |
| 10 | TX DALAPT 2.84 11/01/2046 | 2.84% | 11/01/46 | -6.05% | 72.40 | 77.06 |
Top 10 State Winners
Showcases the top 10 Muni State “Winners” based on yield movements between 9/2/22 – 9/9/22
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | NC | -14 bps | 3.01% | 3.15% |
| 2 | IL | -11 bps | 3.95% | 4.06% |
| 3 | CA | -9 bps | 3.55% | 3.64% |
| 4 | PA | -5 bps | 3.64% | 3.69% |
| 5 | SC | -5 bps | 3.44% | 3.48% |
| 6 | LA | -1 bps | 3.41% | 3.42% |
| 7 | IA | 0 bps | 3.27% | 3.27% |
| 8 | FL | 0 bps | 3.73% | 3.73% |
| 9 | OH | 2 bps | 3.48% | 3.47% |
| 10 | HI | 3 bps | 3.53% | 3.50% |
Top 10 State Losers
Showcases the top 10 Muni State “Losers” based on yield movements between 9/2/22 – 9/9/22
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | TX | 119 bps | 4.69% | 3.51% |
| 2 | MA | 34 bps | 3.60% | 3.27% |
| 3 | CT | 28 bps | 3.77% | 3.49% |
| 4 | VA | 27 bps | 3.26% | 2.99% |
| 5 | MN | 27 bps | 3.50% | 3.24% |
| 6 | NJ | 23 bps | 3.76% | 3.53% |
| 7 | CO | 17 bps | 3.58% | 3.41% |
| 8 | GA | 17 bps | 3.31% | 3.15% |
| 9 | MO | 16 bps | 3.47% | 3.30% |
| 10 | KS | 16 bps | 3.48% | 3.32% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 9/2/22 – 9/9/22 (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 9/2/22 – 9/9/22 (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 9/2/22 – 9/9/22 (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 9/2/22 – 9/9/22
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 9/2/22 vs. the week ending 9/9/22
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | FL FLSGEN 1.71 07/01/2027 | 1.71% | 07/01/27 | 35 | 101 | 66 | 189% |
| 2 | NY NYSHGR 4.00 03/15/2040 | 4.00% | 03/15/40 | 23 | 69 | 46 | 200% |
| 3 | OH NEOUTL 4.00 11/15/2043 | 4.00% | 11/15/43 | 9 | 53 | 44 | 489% |
| 4 | OR ORS 1.70 08/01/2032 | 1.70% | 08/01/32 | 24 | 65 | 41 | 171% |
| 5 | PA PASTRN 4.00 12/01/2050 | 4.00% | 12/01/50 | 6 | 46 | 40 | 667% |
| 6 | CA CASGEN 6.08 06/01/2034 | 6.08% | 06/01/34 | 9 | 46 | 37 | 411% |
| 7 | TX TXSWTR 3.00 08/01/2039 | 3.00% | 08/01/39 | 6 | 43 | 37 | 617% |
| 8 | SC SCSUTL 5.74 01/01/2030 | 5.74% | 01/01/30 | 4 | 41 | 37 | 925% |
| 9 | CA STCHGR 5.00 08/01/2031 | 5.00% | 08/01/31 | 11 | 48 | 37 | 336% |
| 10 | NY NYCUTL 4.00 06/15/2048 | 4.00% | 06/15/48 | 43 | 79 | 36 | 84% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 9/2/22 – 9/9/22
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | NY NYSTRN 5.00 03/15/2054 | 5.00% | 03/15/54 | 36 |
| 2 | WA WAS 5.00 08/01/2046 | 5.00% | 08/01/46 | 36 |
| 3 | TX MID 5.00 03/01/2047 | 5.00% | 03/01/47 | 36 |
| 4 | GA COBMED 4.00 04/01/2052 | 4.00% | 04/01/52 | 31 |
| 5 | IN INSFIN 5.00 01/01/2052 | 5.00% | 01/01/52 | 31 |
| 6 | GA METTRN 4.00 07/01/2045 | 4.00% | 07/01/45 | 28 |
| 7 | FL FLSGEN 1.71 07/01/2027 | 1.71% | 07/01/27 | 27 |
| 8 | NH NFADEV 4.00 07/01/2051 | 4.00% | 07/01/51 | 27 |
| 9 | NY NYSTRN 4.00 01/01/2050 | 4.00% | 01/01/50 | 27 |
| 10 | ID BOIAPT 5.00 09/01/2051 | 5.00% | 09/01/51 | 26 |
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