Municipal Bond Market Summary – Week Ending 4/16/21
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Municipal Bond Market Summary: Week Ending 4/16/21
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 4/9/21 – 4/16/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | CHICAGO-TXB-REF-SER B | 6.21% | 01/01/32 | 4.72% | 119.32 | 113.94 |
| 2 | T LOUIS ARPT-B | 5.00% | 07/01/29 | 4.52% | 128.47 | 122.91 |
| 3 | BELLWOOD VLG-REF-TXBL | 3.27% | 12/01/39 | 4.19% | 101.41 | 97.33 |
| 4 | NJ TRANSPRTN TRUST-AA | 5.00% | 06/15/45 | 3.92% | 124.11 | 119.43 |
| 5 | S W TX HGR EDU AUTH | 2.50% | 10/01/30 | 3.85% | 106.12 | 102.18 |
| 6 | PR ELEC PWR AUTH-A | 7.00% | 07/01/43 | 3.46% | 87.94 | 85.00 |
| 7 | NORTHRIDGE OH LSD-REF | 0.00% | 12/01/38 | 3.45% | 61.97 | 59.90 |
| 8 | NYC TRANS FIN-E-1 | 5.00% | 02/01/37 | 3.20% | 132.31 | 128.21 |
| 9 | CASTAIC UN SD-COPS | 4.00% | 09/01/29 | 3.16% | 121.66 | 117.93 |
| 10 | AZ IDA SR LIVING-A | 5.00% | 01/01/54 | 3.14% | 101.60 | 98.50 |
Top 10 Losers
Showcases the top 10 Muni Bond “Losers” based on price movements between 4/9/21 – 4/16/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | SAN DIEGO | 6.03% | 08/15/26 | -8.10% | 112.09 | 121.97 |
| 2 | SAN FRANCISCO UTILS-B | 5.50% | 11/01/25 | -5.65% | 111.34 | 118.01 |
| 3 | CONNECTICUT ST-A-TXBL | 2.68% | 07/01/30 | -1.80% | 104.38 | 106.29 |
| 4 | TROY UNIV FACS REV-A | 5.00% | 11/01/37 | -1.76% | 123.31 | 125.52 |
| 5 | LOWER COLORADO RIVER | 5.00% | 05/15/31 | -1.74% | 131.59 | 133.93 |
| 6 | MTA-A1-TRANSPRTN | 5.00% | 11/15/37 | -1.65% | 113.21 | 115.12 |
| 7 | HOMEWOOD | 2.75% | 09/01/46 | -1.56% | 93.75 | 95.23 |
| 8 | PUB FIN AUTH-B-TXBL | 6.50% | 06/01/45 | -1.33% | 95.91 | 97.20 |
| 9 | PLAINFIELD REDEV | 1.15% | 02/01/31 | -1.11% | 92.74 | 93.78 |
| 10 | UNIV STHRN IN-M | 5.00% | 10/01/25 | -1.01% | 118.41 | 119.62 |
Top 10 State Winners
Showcases the top 10 Muni State “Winners” based on yield movements between 4/9/21 – 4/16/21
| RANK | STATE | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | MN | -34 bps | 1.40% | 1.73% |
| 2 | NV | -30 bps | 1.66% | 1.95% |
| 3 | MA | -27 bps | 1.47% | 1.75% |
| 4 | VA | -26 bps | 1.28% | 1.54% |
| 5 | CT | -26 bps | 1.50% | 1.76% |
| 6 | KS | -25 bps | 1.69% | 1.94% |
| 7 | TN | -24 bps | 1.33% | 1.57% |
| 8 | DE | -20 bps | 1.07% | 1.28% |
| 9 | FL | -20 bps | 1.70% | 1.90% |
| 10 | ME | -19 bps | 1.36% | 1.55% |
Top 10 State Losers
Showcases the top 10 Muni State “Losers” based on yield movements between 4/9/21 – 4/16/21
| RANK | STATE | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | LA | 21 bps | 2.25% | 2.04% |
| 2 | WI | 19 bps | 1.95% | 1.76% |
| 3 | AZ | 18 bps | 1.52% | 1.34% |
| 4 | IA | 17 bps | 1.72% | 1.55% |
| 5 | MD | 8 bps | 1.33% | 1.26% |
| 6 | HI | 5 bps | 2.30% | 2.26% |
| 7 | OH | 5 bps | 1.76% | 1.71% |
| 8 | NY | 1 bps | 1.76% | 1.75% |
| 9 | IL | -1 bps | 2.40% | 2.40% |
| 10 | MT | -2 bps | 1.34% | 1.36% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 4/9/21 – 4/16/21 (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 4/9/21 – 4/16/21 (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 4/9/21 – 4/16/21 (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 4/9/21 – 4/16/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 4/9/21 vs. the week ending 4/16/21
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | ARLINGTON TX HGR EDU | 3.00% | 08/15/46 | 3 | 81 | 78 | 2600% |
| 2 | MA SPL OBLG-REF | 5.50% | 01/01/28 | 2 | 74 | 72 | 3600% |
| 3 | GEORGIA ST-A | 5.00% | 07/01/28 | 6 | 75 | 69 | 1150% |
| 4 | ALABAMA PUB SCH & CLG | 5.00% | 11/01/29 | 28 | 97 | 69 | 246% |
| 5 | PRINCETON ISD | 3.00% | 02/15/51 | 3 | 71 | 68 | 2267% |
| 6 | PHILADELPHIA WTR-B | 5.00% | 11/01/54 | 5 | 72 | 67 | 1340% |
| 7 | CLEAR CREEK ISD | 5.00% | 02/15/30 | 18 | 83 | 65 | 361% |
| 8 | PHILADELPHIA WTR-B | 5.00% | 11/01/49 | 23 | 87 | 64 | 278% |
| 9 | WATERTOWN TWN | 5.00% | 02/01/29 | 3 | 65 | 62 | 2067% |
| 10 | ANNE ARUNDEL CO | 5.00% | 04/01/30 | 5 | 65 | 60 | 1200% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 4/9/21 – 4/16/21
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | LOS ANGELES DEPT OF | 5.00% | 05/15/46 | 37 |
| 2 | NEW YORK NY | 4.00% | 03/01/47 | 35 |
| 3 | NEW YORK NY | 5.00% | 03/01/50 | 34 |
| 4 | DASNY -A-REF | 5.00% | 03/15/49 | 34 |
| 5 | CALIFORNIA ST | 5.00% | 12/01/27 | 29 |
| 6 | UNIV OF CALIFORNIA-Q | 5.00% | 05/15/46 | 27 |
| 7 | NEW YORK NY | 4.00% | 03/01/38 | 27 |
| 8 | CALIFORNIA ST | 2.50% | 12/01/49 | 27 |
| 9 | OHIO ST WTR DEV AUTH | 5.00% | 06/01/33 | 27 |
| 10 | SAN FRANCISCO CA BAY | 3.00% | 08/01/50 | 26 |
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