Municipal Bond Market Summary – Week Ending 4/2/21
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Municipal Bond Market Summary: Week Ending 4/1/21
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 3/26/21 – 4/1/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | PR BLDGS-G-GOVT FACS | 4.75% | 07/01/32 | 7.46% | 94.30 | 87.75 |
| 2 | CHICAGO-A | 5.50% | 01/01/49 | 4.81% | 122.83 | 117.19 |
| 3 | IL ST-B-TXBL- | 5.75% | 01/01/37 | 3.15% | 117.22 | 113.64 |
| 4 | MONTGOMERY AL | 3.00% | 12/01/39 | 2.73% | 112.93 | 109.93 |
| 5 | PUEBLO URBAN RENEWAL | 4.75% | 12/01/45 | 2.47% | 106.65 | 104.07 |
| 6 | ALLEN PUB BLDG-A-REF | 4.00% | 12/01/28 | 2.41% | 118.74 | 115.95 |
| 7 | BRUNSWICK SD-TXB-A-FA | 6.38% | 12/01/26 | 2.40% | 121.56 | 118.71 |
| 8 | CMWLTH FING TXB-SER C | 5.20% | 06/01/26 | 2.38% | 115.63 | 112.94 |
| 9 | MORELAND SD -A | 3.00% | 08/01/40 | 2.11% | 109.65 | 107.39 |
| 10 | ILLINOIS ST-BABS | 6.63% | 02/01/35 | 2.08% | 120.17 | 117.72 |
Top 10 Losers
Showcases the top 10 Muni Bond “Losers” based on price movements between 3/26/21 – 4/1/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | NY ST -B -TXBL-GROUP2 | 2.53% | 03/15/38 | -7.74% | 92.35 | 100.10 |
| 2 | GRAND RAPIDS SAN-A-BA | 6.72% | 01/01/41 | -7.72% | 151.81 | 164.51 |
| 3 | SILICON VLY CA CLEAN | 2.79% | 08/01/40 | -7.65% | 92.93 | 100.63 |
| 4 | MASSACHUSETTS ST HSG | 3.07% | 12/01/40 | -7.55% | 93.56 | 101.20 |
| 5 | AMERN MUN PWR-A-COMB | 7.73% | 02/15/33 | -5.24% | 141.64 | 149.47 |
| 6 | SAN JUAN REDEV-TXB-B | 6.30% | 08/01/28 | -3.63% | 121.73 | 126.31 |
| 7 | LAKE HAMILTON SD #5 | 1.90% | 04/01/38 | -3.38% | 91.60 | 94.80 |
| 8 | ST LOUIS SD #R-6 | 3.38% | 02/01/35 | -2.92% | 106.34 | 109.54 |
| 9 | GREATER TEXOMA UTIL | 1.75% | 10/01/36 | -2.83% | 93.35 | 96.07 |
| 10 | KANNAPOLIS-TXBL-REV | 2.40% | 04/01/36 | -2.54% | 93.81 | 96.26 |
Top 10 State Winners
Showcases the top 10 Muni State “Winners” based on yield movements between 3/26/21 – 4/1/21
| RANK | STATE | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | AL | -73 bps | 1.18% | 1.91% |
| 2 | NV | -56 bps | 1.47% | 2.03% |
| 3 | HI | -40 bps | 1.97% | 2.37% |
| 4 | NC | -29 bps | 0.99% | 1.28% |
| 5 | NY | -24 bps | 1.57% | 1.81% |
| 6 | GA | -21 bps | 1.24% | 1.45% |
| 7 | CO | -21 bps | 1.63% | 1.84% |
| 8 | MO | -21 bps | 1.67% | 1.88% |
| 9 | NJ | -18 bps | 2.07% | 2.25% |
| 10 | MD | -15 bps | 1.29% | 1.44% |
Top 10 State Losers
Showcases the top 10 Muni State “Losers” based on yield movements between 3/26/21 – 4/1/21
| RANK | STATE | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | MN | 34 bps | 2.13% | 1.79% |
| 2 | FL | 33 bps | 2.23% | 1.91% |
| 3 | KS | 25 bps | 1.82% | 1.58% |
| 4 | TN | 22 bps | 1.71% | 1.49% |
| 5 | AZ | 20 bps | 1.66% | 1.46% |
| 6 | MS | 19 bps | 1.55% | 1.37% |
| 7 | OR | 17 bps | 1.92% | 1.76% |
| 8 | WI | 10 bps | 1.60% | 1.49% |
| 9 | PA | 8 bps | 1.75% | 1.67% |
| 10 | VA | 8 bps | 1.52% | 1.44% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 3/26/21 – 4/1/21 (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 3/26/21 – 4/1/21 (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 3/26/21 – 4/1/21 (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 3/26/21 – 4/1/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 3/26/21 vs. the week ending 4/1/21
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | CARROLLTON-FARMERS BR | 4.00% | 02/15/35 | 1 | 60 | 59 | 5900% |
| 2 | CARROLLTON-FARMERS BR | 3.00% | 02/15/40 | 1 | 55 | 54 | 5400% |
| 3 | IL FIN AUTH-GREEN BD | 4.00% | 07/01/38 | 9 | 57 | 48 | 533% |
| 4 | NYC TRANS FIN-E-1 | 4.00% | 02/01/43 | 42 | 88 | 46 | 110% |
| 5 | CARROLLTON-FARMERS BR | 3.00% | 02/15/38 | 1 | 45 | 44 | 4400% |
| 6 | CARROLLTON-FARMERS BR | 3.00% | 02/15/37 | 1 | 40 | 39 | 3900% |
| 7 | SOUTH CAROLINA ST PUB | 5.00% | 12/01/43 | 18 | 52 | 34 | 189% |
| 8 | MARYLAND ST TRANSPRTN | 4.00% | 07/01/50 | 59 | 93 | 34 | 58% |
| 9 | LOS ANGELES DEPT OF | 5.00% | 05/15/31 | 37 | 70 | 33 | 89% |
| 10 | CARROLLTON-FARMERS BR | 3.00% | 02/15/39 | 1 | 33 | 32 | 3200% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 3/26/21 – 4/1/21
| 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 | 31 |
| 3 | NEW YORK NY | 5.00% | 03/01/50 | 28 |
| 4 | NEW YORK NY | 4.00% | 03/01/38 | 27 |
| 5 | OHIO ST WTR DEV AUTH | 5.00% | 06/01/33 | 27 |
| 6 | SAN FRANCISCO CA BAY | 3.00% | 08/01/50 | 27 |
| 7 | CALIFORNIA ST | 5.00% | 12/01/27 | 26 |
| 8 | NEW YORK NY | 5.00% | 03/01/42 | 26 |
| 9 | CALIFORNIA ST | 5.00% | 11/01/28 | 25 |
| 10 | ILLINOIS ST-A | 4.00% | 03/01/41 | 25 |
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