Municipal Bond Market Summary – Week Ending 5/14/21
GET OUR MUNICIPAL BOND MARKET SUMMARIES STRAIGHT TO YOUR INBOX. LEARN MORE
Municipal Bond Market Summary: Week Ending 5/14/21
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 5/7/21 – 5/14/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | BAY AREA TOLL-S1 | 6.92% | 04/01/40 | 5.53% | 156.73 | 148.52 |
| 2 | MAINE ST HSG AUTH-A | 2.20% | 11/15/51 | 3.57% | 100.25 | 96.79 |
| 3 | PR ELEC PWR-XX | 5.25% | 07/01/35 | 3.14% | 85.60 | 83.00 |
| 4 | HOUSTON ARPT SYS REV | 2.39% | 07/01/31 | 2.55% | 100.72 | 98.21 |
| 5 | CONTRA COSTA CA CMNTY | 4.00% | 08/01/32 | 2.43% | 125.21 | 122.24 |
| 6 | GDB DEBT RECOVERY AUT | 7.50% | 08/20/40 | 2.33% | 89.36 | 87.32 |
| 7 | NJ TRN FD CAB-SER -A | 0.00% | 12/15/34 | 2.23% | 72.67 | 71.08 |
| 8 | WILL CO SD #365-U | 4.00% | 01/01/30 | 1.98% | 116.58 | 114.31 |
| 9 | SEWARD CO USD #480 | 1.33% | 09/01/28 | 1.94% | 99.03 | 97.14 |
| 10 | OH TPK COMMN-CABS-A2 | 0.00% | 02/15/42 | 1.87% | 61.64 | 60.51 |
Top 10 Losers
Showcases the top 10 Muni Bond “Losers” based on price movements between 5/7/21 – 5/14/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | MI TECH UNIV-A-BAB | 6.69% | 10/01/39 | -8.68% | 139.04 | 152.25 |
| 2 | CHICAGO TRANSIT BAB | 6.20% | 12/01/40 | -3.89% | 131.29 | 136.60 |
| 3 | UNIV OF CALIFORNIA CA | 3.71% | 05/15/20 | -3.80% | 99.16 | 103.08 |
| 4 | SANGER UN SD-REF-TXBL | 2.83% | 08/01/44 | -2.93% | 97.43 | 100.37 |
| 5 | CO ST HLTH FACS AUTH | 5.00% | 08/01/32 | -2.75% | 121.81 | 125.25 |
| 6 | W ORANGE TWP -TXBL | 3.00% | 03/01/49 | -2.61% | 96.17 | 98.75 |
| 7 | WESTLAND -TXBL | 2.66% | 11/01/43 | -2.61% | 94.49 | 97.02 |
| 8 | PA ECON DEV-CABS-B | 0.00% | 01/01/43 | -2.52% | 56.27 | 57.72 |
| 9 | NYC TRANSITIONAL-B-3 | 2.05% | 08/01/36 | -2.43% | 92.48 | 94.79 |
| 10 | NY ST -B -TXBL-GROUP2 | 2.73% | 03/15/42 | -2.40% | 98.36 | 100.78 |
Top 10 State Winners
Showcases the top 10 Muni State “Winners” based on yield movements between 5/7/21 – 5/14/21
| RANK | STATE | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | HI | -27 bps | 2.37% | 2.65% |
| 2 | DC | -26 bps | 1.50% | 1.76% |
| 3 | CT | -24 bps | 1.67% | 1.91% |
| 4 | NE | -22 bps | 1.68% | 1.90% |
| 5 | KS | -20 bps | 1.49% | 1.69% |
| 6 | OR | -20 bps | 1.49% | 1.69% |
| 7 | MO | -18 bps | 1.76% | 1.94% |
| 8 | GA | -14 bps | 1.36% | 1.50% |
| 9 | PA | -13 bps | 1.59% | 1.72% |
| 10 | WA | -11 bps | 1.61% | 1.72% |
Top 10 State Losers
Showcases the top 10 Muni State “Losers” based on yield movements between 5/7/21 – 5/14/21
| RANK | STATE | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | TN | 16 bps | 1.66% | 1.51% |
| 2 | AL | 14 bps | 1.31% | 1.17% |
| 3 | NY | 14 bps | 1.84% | 1.70% |
| 4 | IA | 13 bps | 1.75% | 1.63% |
| 5 | MD | 7 bps | 1.42% | 1.35% |
| 6 | SC | 7 bps | 1.68% | 1.61% |
| 7 | MN | 6 bps | 1.68% | 1.62% |
| 8 | CA | 6 bps | 1.84% | 1.78% |
| 9 | MA | 6 bps | 1.61% | 1.55% |
| 10 | ME | 6 bps | 1.44% | 1.38% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 5/7/21 – 5/14/21 (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 5/7/21 – 5/14/21 (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 5/7/21 – 5/14/21 (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 5/7/21 – 5/14/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 5/7/21 vs. the week ending 5/14/21
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | NORTHSIDE TX ISD-REF | 3.00% | 08/15/38 | 24 | 92 | 68 | 283% |
| 2 | NORTHSIDE TX ISD-REF | 3.00% | 08/15/37 | 19 | 86 | 67 | 353% |
| 3 | MINNESOTA-A | 5.00% | 08/01/34 | 18 | 85 | 67 | 372% |
| 4 | MARICOPA CO IDA-A | 3.00% | 09/01/51 | 65 | 125 | 60 | 92% |
| 5 | NORTHSIDE TX ISD-REF | 3.00% | 08/15/41 | 20 | 76 | 56 | 280% |
| 6 | CURATORS OF THE UNIV | 4.24% | 11/01/54 | 10 | 65 | 55 | 550% |
| 7 | NORTHSIDE TX ISD-REF | 3.00% | 08/15/36 | 12 | 62 | 50 | 417% |
| 8 | MICHIGAN ST FIN AUTH | 5.00% | 11/15/34 | 10 | 58 | 48 | 480% |
| 9 | NORTHSIDE TX ISD-REF | 3.00% | 08/15/40 | 15 | 59 | 44 | 293% |
| 10 | ALLEGHENY CNTY-A-REF | 4.00% | 07/15/37 | 5 | 49 | 44 | 880% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 5/7/21 – 5/14/21
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | DASNY -A-REF | 4.00% | 03/15/41 | 34 |
| 2 | PA TPK COMMISSION-A | 4.00% | 12/01/51 | 34 |
| 3 | DASNY -A-REF | 5.00% | 03/15/49 | 31 |
| 4 | DASNY -A-REF | 5.00% | 03/15/32 | 29 |
| 5 | NYC MUNI WTR FIN-DD | 5.00% | 06/15/31 | 29 |
| 6 | CALIFORNIA ST | 5.00% | 12/01/30 | 28 |
| 7 | PR SALES TAX FING-A1 | 0.00% | 07/01/51 | 28 |
| 8 | DASNY -A-REF | 4.00% | 03/15/39 | 27 |
| 9 | MARYLAND ST TRANSPRTN | 3.00% | 07/01/47 | 25 |
| 10 | MARICOPA CO IDA-A | 3.00% | 09/01/51 | 25 |
Stay up-to-date with weekly summaries.
Related Resources
About SOLVE
SOLVE is the leading market data platform provider for fixed-income securities, trusted by sophisticated buy-side and sell-side firms worldwide. Founded in 2011, SOLVE leverages its AI-driven technology and deep industry expertise to offer unparalleled transparency into markets, reduce risk, and save hundreds of hours across front-office workflows. With the largest real-time datasets for Securitized Products, Municipal Bonds, Corporate Bonds, Syndicated Bank Loans, Convertible Bonds, CDS, and Private Credit, SOLVE empowers clients to transform the way they bring new securities to market, trade on secondary markets, and value highly illiquid securities. Headquartered in Connecticut, with offices across the globe, SOLVE is the definitive source for market pricing in fixed-income markets.
