Municipal Bond Market Summary – Week Ending 10/8/21
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Municipal Bond Market Summary: Week Ending 10/8/21
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 10/1/21 – 10/8/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | RIVERSIDE CNTY CA PUB | 4.13% | 11/01/40 | 2.50% | 114.22 | 111.43 |
| 2 | MAINE ST HSG AUTH #2 | 2.32% | 06/15/33 | 1.46% | 100.09 | 98.65 |
| 3 | NY TRAN AUTH-A2-TXBL | 2.15% | 05/01/25 | 1.34% | 105.81 | 104.40 |
| 4 | PR PUB BLDG-U-REF | 5.25% | 07/01/42 | 1.26% | 93.48 | 92.31 |
| 5 | BEDFORD WTRWKS | 3.50% | 06/01/32 | 1.25% | 113.71 | 112.30 |
| 6 | IL ST FIN AUTH-A-REF | 4.00% | 10/01/40 | 1.08% | 112.56 | 111.35 |
| 7 | LONG BCH NAT GAS-A | 5.00% | 11/15/35 | 1.06% | 135.35 | 133.93 |
| 8 | REEDY CREEK FL IMPT D | 2.05% | 06/01/28 | 1.03% | 103.46 | 102.40 |
| 9 | IN FIN AUTH-B-REMK | 2.50% | 11/01/30 | 1.02% | 102.38 | 101.35 |
| 10 | LOUISIANA ST -REF-C-1 | 1.92% | 06/01/33 | 0.96% | 99.07 | 98.13 |
Top 10 Losers
Showcases the top 10 Muni Bond “Losers” based on price movements between 10/1/21 – 10/8/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | HWY 380 MUNI MGMT DT | 2.00% | 05/01/35 | -3.87% | 93.37 | 97.13 |
| 2 | PUB IMPT-SER A-PSA | 6.13% | 07/01/33 | -3.53% | 91.54 | 94.89 |
| 3 | WISCONSIN ST HLTH | 3.13% | 12/15/49 | -3.36% | 103.19 | 106.78 |
| 4 | HARRIS CO MUD#495-A | 2.13% | 09/01/41 | -3.32% | 90.64 | 93.75 |
| 5 | ALTOONA AREA SD-A-REF | 1.88% | 12/01/31 | -3.31% | 97.68 | 101.03 |
| 6 | PORT AUTH-174TH | 4.46% | 10/01/62 | -3.21% | 132.42 | 136.82 |
| 7 | PENNSYLVANIA ST TURNP | 4.00% | 12/01/39 | -3.18% | 117.65 | 121.52 |
| 8 | PA HSG FIN AGY-125B | 3.70% | 10/01/47 | -2.96% | 103.95 | 107.13 |
| 9 | MARYLAND ST CMNTY DEV | 2.00% | 09/01/43 | -2.83% | 95.50 | 98.29 |
| 10 | MANSFIELD ISD | 1.70% | 02/15/31 | -2.82% | 99.31 | 102.18 |
Top 10 State Winners
Showcases the top 10 Muni State “Winners” based on yield movements between 10/1/21 – 10/8/21
| RANK | STATE | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | AL | -30 bps | 1.88% | 2.17% |
| 2 | UT | -17 bps | 1.71% | 1.89% |
| 3 | KS | -16 bps | 2.38% | 2.53% |
| 4 | TN | -13 bps | 1.98% | 2.12% |
| 5 | WI | -10 bps | 2.17% | 2.27% |
| 6 | VA | -6 bps | 1.64% | 1.71% |
| 7 | NH | -6 bps | 1.53% | 1.59% |
| 8 | HI | -5 bps | 2.68% | 2.73% |
| 9 | DE | -5 bps | 1.52% | 1.57% |
| 10 | MO | -4 bps | 2.14% | 2.18% |
Top 10 State Losers
Showcases the top 10 Muni State “Losers” based on yield movements between 10/1/21 – 10/8/21
| RANK | STATE | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | MI | 51 bps | 2.30% | 1.79% |
| 2 | OR | 44 bps | 2.22% | 1.79% |
| 3 | NJ | 32 bps | 2.43% | 2.12% |
| 4 | NE | 30 bps | 1.89% | 1.59% |
| 5 | LA | 27 bps | 2.53% | 2.26% |
| 6 | MD | 26 bps | 1.98% | 1.72% |
| 7 | PA | 18 bps | 2.49% | 2.31% |
| 8 | CO | 18 bps | 1.69% | 1.51% |
| 9 | NY | 10 bps | 2.17% | 2.06% |
| 10 | MS | 10 bps | 1.82% | 1.72% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 10/1/21 – 10/8/21 (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 10/1/21 – 10/8/21 (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 10/1/21 – 10/8/21 (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 10/1/21 – 10/8/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 10/1/21 vs. the week ending 10/8/21
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | WASHINGTON SUBURBAN | 3.00% | 06/01/48 | 13 | 66 | 53 | 408% |
| 2 | NYC TRANSITIONAL-S-1A | 4.00% | 07/15/34 | 13 | 62 | 49 | 377% |
| 3 | OREGON ST -N -REF | 5.00% | 08/01/26 | 9 | 54 | 45 | 500% |
| 4 | NEW YORK ST PWR AUTH | 4.00% | 11/15/55 | 65 | 105 | 40 | 62% |
| 5 | HOUSTON-A-AMT-REV | 4.00% | 07/01/46 | 37 | 74 | 37 | 100% |
| 6 | LONG BEACH CA CCD-H | 2.69% | 08/01/32 | 6 | 42 | 36 | 600% |
| 7 | LOS ANGELES CMNTY CLG | 4.00% | 08/01/38 | 55 | 89 | 34 | 62% |
| 8 | LOUISIANA ST -REF-C-1 | 1.92% | 06/01/33 | 3 | 37 | 34 | 1133% |
| 9 | MIAMI-DADE CNTY FL AV | 5.00% | 10/01/41 | 18 | 50 | 32 | 178% |
| 10 | NYC TRANSITIONAL FIN | 5.00% | 08/01/26 | 13 | 45 | 32 | 246% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 10/1/21 – 10/8/21
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | NEW YORK -A-1 | 5.00% | 08/01/47 | 31 |
| 2 | MARYLAND ST 2ND SER A | 5.00% | 08/01/34 | 28 |
| 3 | CALIFORNIA ST | 4.00% | 10/01/37 | 27 |
| 4 | NEW JERSEY ST-A | 5.00% | 06/01/28 | 26 |
| 5 | CALIFORNIA ST | 4.00% | 10/01/36 | 26 |
| 6 | CA HLTH FACS-A2 | 5.00% | 11/01/47 | 25 |
| 7 | CALIFORNIA ST-REF | 4.00% | 10/01/41 | 24 |
| 8 | NYC MUNI WTR FIN-BB-1 | 4.00% | 06/15/45 | 24 |
| 9 | PENNSYLVANIA ST TURNP | 4.00% | 12/01/46 | 23 |
| 10 | CALIFORNIA ST | 4.00% | 10/01/39 | 23 |
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