Municipal Bond Market Summary – Week Ending 10/9/20
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Municipal Bond Market Summary: Week Ending 10/9/20
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 10/2/20 – 10/9/20
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | PR COMWLTH SER A | 5.25% | 07/01/31 | 4.63% | 68.32 | 65.29 |
| 2 | TULARE CO PENSN-TXBL | 3.96% | 06/01/27 | 1.73% | 115.17 | 113.21 |
| 3 | UNIV OF CENTRAL ARKAN | 3.10% | 11/01/22 | 1.65% | 104.99 | 103.29 |
| 4 | AKRON INCOME TAX | 3.50% | 12/01/29 | 1.54% | 105.18 | 103.58 |
| 5 | KY ECON DEV FIN-A | 5.00% | 07/01/32 | 1.09% | 108.61 | 107.45 |
| 6 | VIRGINIA ST HSG DEV | 4.67% | 11/01/44 | 1.07% | 105.26 | 104.15 |
| 7 | WOONSOCKET-TXB-PENSIO | 6.29% | 07/15/32 | 1.00% | 123.57 | 122.35 |
| 8 | OK DEV FIN AUTH-E | 4.38% | 06/01/35 | 0.99% | 109.89 | 108.82 |
| 9 | WALTON SCH BRD COPS | 5.00% | 07/01/30 | 0.87% | 124.35 | 123.28 |
| 10 | MOJAVE SD #1-A | 4.00% | 11/01/32 | 0.86% | 113.06 | 112.09 |
Top 10 Losers
Showcases the top 10 Muni Bond “Losers” based on price movements between 10/2/20 – 10/9/20
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | PR PUB IMPT-SER A | 5.25% | 07/01/24 | -9.08% | 65.46 | 72.00 |
| 2 | MET TRANSPRTN AUTH NY | 5.00% | 11/15/25 | -3.99% | 105.39 | 109.78 |
| 3 | NC TURNPIKE AUTH-CABS | 0.00% | 01/01/44 | -3.65% | 50.49 | 52.40 |
| 4 | LAPORTE ECON DEV-TXBL | 2.60% | 02/01/45 | -3.48% | 93.13 | 96.49 |
| 5 | SALEM CO -A-B-C | 2.50% | 06/15/50 | -3.32% | 96.33 | 99.64 |
| 6 | ILLINOIS ST | 5.50% | 01/01/31 | -3.25% | 116.97 | 120.89 |
| 7 | MISSISSIPPI ST-A-REV | 5.00% | 10/15/26 | -3.02% | 119.17 | 122.87 |
| 8 | HOISINGTON KS PUB-A | 2.50% | 11/01/45 | -2.82% | 97.18 | 100.00 |
| 9 | ERIE PA WTR AUTH WTR | 2.98% | 12/01/45 | -2.71% | 99.12 | 101.88 |
| 10 | SANTA BARBARA HSD-A | 0.00% | 08/01/41 | -2.68% | 61.76 | 63.46 |
Top 10 State Winners
Showcases the top 10 Muni State “Winners” based on yield movements between 10/2/20 – 10/9/20
| RANK | STATE | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | NV | -34 bps | 1.57% | 1.91% |
| 2 | KS | -21 bps | 1.93% | 2.14% |
| 3 | WI | -20 bps | 1.64% | 1.84% |
| 4 | ME | -20 bps | 1.22% | 1.42% |
| 5 | NC | -10 bps | 1.34% | 1.45% |
| 6 | NE | -9 bps | 1.41% | 1.50% |
| 7 | IA | -6 bps | 1.45% | 1.51% |
| 8 | AR | -2 bps | 1.77% | 1.78% |
| 9 | AL | -1 bps | 1.68% | 1.70% |
| 10 | UT | 0 bps | 1.21% | 1.21% |
Top 10 State Losers
Showcases the top 10 Muni State “Losers” based on yield movements between 10/2/20 – 10/9/20
| RANK | STATE | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | TN | 53 bps | 1.81% | 1.28% |
| 2 | MN | 51 bps | 1.75% | 1.24% |
| 3 | LA | 25 bps | 2.06% | 1.82% |
| 4 | DC | 23 bps | 1.79% | 1.56% |
| 5 | CO | 22 bps | 1.90% | 1.68% |
| 6 | MS | 21 bps | 1.59% | 1.38% |
| 7 | HI | 20 bps | 1.77% | 1.57% |
| 8 | AZ | 19 bps | 1.90% | 1.71% |
| 9 | AK | 18 bps | 1.45% | 1.26% |
| 10 | WV | 17 bps | 1.41% | 1.24% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 10/2/20 – 10/9/20 (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 10/2/20 – 10/9/20 (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 10/2/20 – 10/9/20 (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 10/2/20 – 10/9/20
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 10/2/20 vs. the week ending 10/9/20
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | CONNECTICUT ST HLTH & | 5.00% | 07/01/29 | 14 | 85 | 71 | 507% |
| 2 | NYC TRANSITIONAL FIN | 4.00% | 11/01/38 | 54 | 108 | 54 | 100% |
| 3 | LEXINGTON HLTH SVCS | 4.00% | 11/01/32 | 15 | 65 | 50 | 333% |
| 4 | INDIANA FIN AUTH IN W | 5.00% | 10/01/50 | 34 | 79 | 45 | 132% |
| 5 | RICHMOND VA PUBLIC UT | 4.00% | 01/15/38 | 17 | 60 | 43 | 253% |
| 6 | CROWLEY ISD-CIBS | 2.13% | 08/01/38 | 21 | 63 | 42 | 200% |
| 7 | CO ST HLTH FACS AUTH | 4.00% | 08/01/44 | 25 | 66 | 41 | 164% |
| 8 | TARRANT CULT EDU-A | 4.00% | 11/15/34 | 9 | 50 | 41 | 456% |
| 9 | TARRANT CULT EDU-A | 4.00% | 11/15/35 | 9 | 50 | 41 | 456% |
| 10 | TARRANT CULT EDU-A | 4.00% | 11/15/36 | 9 | 50 | 41 | 456% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 10/2/20 – 10/9/20
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | CALIFORNIA ST | 5.00% | 11/01/30 | 33 |
| 2 | MASSACHUSETTS ST | 5.00% | 07/01/48 | 31 |
| 3 | NYC TRANSITIONAL FIN | 4.00% | 11/01/34 | 28 |
| 4 | MISSOURI ST HLTH & ED | 3.00% | 06/01/53 | 28 |
| 5 | HENNEPIN CO -A | 5.00% | 12/01/32 | 26 |
| 6 | CALIFORNIA ST | 3.00% | 11/01/41 | 26 |
| 7 | NEW YORK CITY NY TRAN | 4.00% | 05/01/40 | 25 |
| 8 | TEXAS ST WTR DEV BRD | 3.00% | 10/15/37 | 25 |
| 9 | TEXAS ST WTR DEV BRD | 4.00% | 10/15/45 | 25 |
| 10 | NYC TRANSITIONAL FIN | 4.00% | 11/01/38 | 24 |
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