Municipal Bond Market Summary – Week Ending 11/19/21
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Municipal Bond Market Summary: Week Ending 11/19/21
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 11/12/21 – 11/19/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | POWAY USD-CABS-IMPT | 0.00% | 08/01/38 | 8.72% | 70.91 | 65.22 |
| 2 | PR ELEC | 4.50% | 07/01/23 | 4.79% | 89.60 | 85.50 |
| 3 | PORT BEAUMONT TX NAV | 2.88% | 01/01/41 | 3.87% | 99.46 | 95.75 |
| 4 | NJ ST TRANSN TR FD | 0.00% | 12/15/37 | 3.19% | 68.99 | 66.86 |
| 5 | N TX HWY CABS-REF-1ST | 0.00% | 01/01/38 | 3.01% | 71.75 | 69.66 |
| 6 | KENTON CO SD FIN CORP | 2.25% | 12/01/39 | 2.00% | 99.77 | 97.82 |
| 7 | OKLAHOMA ST HSG FIN-B | 1.10% | 03/01/28 | 1.90% | 99.86 | 97.99 |
| 8 | MI ST HSG DEV AUTH-A | 2.45% | 10/01/46 | 1.87% | 98.82 | 97.00 |
| 9 | N PINE VISTAS MET DT | 4.00% | 12/01/51 | 1.86% | 116.66 | 114.53 |
| 10 | NEW JERSEY ST TURNPIK | 4.00% | 01/01/42 | 1.65% | 118.49 | 116.56 |
Top 10 Losers
Showcases the top 10 Muni Bond “Losers” based on price movements between 11/12/21 – 11/19/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | CONNECTICUT HSG -A-1 | 3.15% | 11/15/31 | -6.48% | 100.05 | 106.98 |
| 2 | COBB KENNESTONE HOSP | 5.00% | 04/01/36 | -5.11% | 119.30 | 125.73 |
| 3 | OK A&M CLG-B-TXBL | 3.80% | 08/01/28 | -3.57% | 111.76 | 115.90 |
| 4 | UNIV OF VIRGINIA VA U | 2.97% | 09/01/49 | -2.99% | 105.40 | 108.65 |
| 5 | OK DEV FIN AUTH -B | 3.18% | 06/01/50 | -2.93% | 100.70 | 103.74 |
| 6 | CALIFORNIA ST | 5.00% | 11/01/32 | -2.90% | 123.06 | 126.74 |
| 7 | LAUDERHILL SALES TAX | 2.90% | 10/01/29 | -2.57% | 105.14 | 107.91 |
| 8 | WALLED LAKE CONSOL SD | 5.00% | 05/01/40 | -2.48% | 128.63 | 131.90 |
| 9 | OHIO ST SPL OBLG-A | 5.00% | 04/01/39 | -2.41% | 130.68 | 133.91 |
| 10 | CALIFORNIA ST MUNI FI | 2.88% | 11/01/35 | -2.41% | 99.72 | 102.19 |
Top 10 State Winners
Showcases the top 10 Muni State “Winners” based on yield movements between 11/12/21 – 11/19/21
| RANK | STATE | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | HI | -21 bps | 2.05% | 2.26% |
| 2 | IA | -18 bps | 1.89% | 2.08% |
| 3 | MD | -10 bps | 1.42% | 1.52% |
| 4 | NC | -9 bps | 1.47% | 1.55% |
| 5 | TN | -7 bps | 1.73% | 1.80% |
| 6 | GA | -7 bps | 1.74% | 1.81% |
| 7 | NV | -5 bps | 1.84% | 1.89% |
| 8 | MT | -5 bps | 1.56% | 1.61% |
| 9 | MO | -4 bps | 2.36% | 2.40% |
| 10 | UT | -4 bps | 1.56% | 1.59% |
Top 10 State Losers
Showcases the top 10 Muni State “Losers” based on yield movements between 11/12/21 – 11/19/21
| RANK | STATE | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | MI | 47 bps | 2.41% | 1.94% |
| 2 | OR | 37 bps | 2.11% | 1.74% |
| 3 | CT | 35 bps | 2.64% | 2.29% |
| 4 | FL | 30 bps | 2.04% | 1.75% |
| 5 | PA | 29 bps | 2.43% | 2.14% |
| 6 | CO | 25 bps | 1.70% | 1.45% |
| 7 | NJ | 23 bps | 2.22% | 1.99% |
| 8 | MA | 19 bps | 2.03% | 1.84% |
| 9 | NE | 18 bps | 1.84% | 1.67% |
| 10 | WA | 14 bps | 2.20% | 2.06% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 11/12/21 – 11/19/21 (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 11/12/21 – 11/19/21 (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 11/12/21 – 11/19/21 (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 11/12/21 – 11/19/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 11/12/21 vs. the week ending 11/19/21
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | MA CMWLTH-B | 3.00% | 04/01/48 | 21 | 67 | 46 | 219% |
| 2 | POWAY USD-CABS-IMPT | 0.00% | 08/01/38 | 2 | 45 | 43 | 2150% |
| 3 | WASHINGTON ST -A | 5.00% | 08/01/37 | 19 | 60 | 41 | 216% |
| 4 | TEXAS ST MUNI GAS ACQ | 5.00% | 12/15/32 | 46 | 84 | 38 | 83% |
| 5 | NEW YORK -A-1 | 5.00% | 08/01/33 | 20 | 56 | 36 | 180% |
| 6 | TEXAS ST-A-REF-TRNSPR | 5.00% | 10/01/24 | 15 | 51 | 36 | 240% |
| 7 | NEW YORK ST URBAN DEV | 3.00% | 03/15/40 | 5 | 40 | 35 | 700% |
| 8 | SAN DIEGO WTR AUTH-A | 1.95% | 05/01/34 | 19 | 52 | 33 | 174% |
| 9 | OCEANSIDE UNIF SD -A | 4.00% | 08/01/51 | 18 | 48 | 30 | 167% |
| 10 | NYC TRANS FIN-E-1 | 4.00% | 02/01/38 | 8 | 38 | 30 | 375% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 11/12/21 – 11/19/21
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | NYC MUNI WTR FIN-BB-1 | 4.00% | 06/15/45 | 30 |
| 2 | NYC MUNI WTR FIN-AA-1 | 4.00% | 06/15/51 | 28 |
| 3 | MARYLAND STADIUM AUTH | 2.75% | 06/01/51 | 25 |
| 4 | NEW YORK ST DORM AUTH | 5.00% | 10/01/50 | 24 |
| 5 | TRIBOROUGH BRIDGE-A-1 | 5.00% | 05/15/51 | 23 |
| 6 | SALT LAKE-A-AMT | 5.00% | 07/01/46 | 23 |
| 7 | GEORGIA ST PORTS AUTH | 2.63% | 07/01/51 | 22 |
| 8 | NY ST URBAN DEV-A-REF | 4.00% | 03/15/38 | 21 |
| 9 | CALIFORNIA ST-REF | 5.00% | 09/01/29 | 21 |
| 10 | TRIBOROUGH BRIDGE-A-1 | 4.00% | 05/15/46 | 21 |
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