Municipal Bond Market Summary – Week Ending 5/21/21
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Municipal Bond Market Summary: Week Ending 5/21/21
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 5/14/21 – 5/21/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | OREGON ST | 2.42% | 08/01/43 | 9.26% | 102.84 | 94.13 |
| 2 | OH UNIV-TXB-C-BABS | 4.91% | 06/01/40 | 4.49% | 132.06 | 126.39 |
| 3 | CRAWFORD HOSP DT-REF | 4.00% | 01/01/29 | 3.34% | 120.29 | 116.40 |
| 4 | SAN FRANCISCO CITY&CO | 2.41% | 03/01/30 | 2.76% | 103.73 | 100.95 |
| 5 | PR HWY/TRN-N-REF | 5.50% | 07/01/25 | 2.59% | 52.55 | 51.23 |
| 6 | HAMPTON TWP | 3.00% | 01/01/50 | 2.26% | 106.65 | 104.29 |
| 7 | GTR JOHNSTOWN WTR SWR | 4.00% | 08/15/44 | 2.05% | 116.36 | 114.02 |
| 8 | NJ ECON DEV-A-UNREF | 5.25% | 07/01/26 | 1.86% | 123.17 | 120.92 |
| 9 | CALIFORNIA-REF-TXBL | 4.60% | 04/01/38 | 1.74% | 118.15 | 116.13 |
| 10 | WEST VIRGINIA ST HOSP | 4.13% | 01/01/47 | 1.61% | 113.12 | 111.33 |
Top 10 Losers
Showcases the top 10 Muni Bond “Losers” based on price movements between 5/14/21 – 5/21/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | BERWYN-A-TXBL | 5.13% | 12/01/30 | -3.97% | 112.86 | 117.52 |
| 2 | UTAH ST TRANSIT AUTH | 2.97% | 12/15/39 | -3.37% | 104.24 | 107.88 |
| 3 | SHERMAN-CTFS OBLIG | 2.00% | 08/15/44 | -3.34% | 93.25 | 96.46 |
| 4 | BOLINGBROOK-B-CABS | 0.00% | 01/01/30 | -3.19% | 86.28 | 89.12 |
| 5 | MONTGOMERY CO MUD#95 | 2.00% | 09/01/40 | -3.09% | 96.04 | 99.11 |
| 6 | CHICAGO TXB-D-RECOVER | 6.26% | 01/01/40 | -2.29% | 122.19 | 125.05 |
| 7 | COLUMBIA FACS CORP | 2.96% | 06/01/41 | -2.28% | 99.51 | 101.84 |
| 8 | PR-REF-A | 5.50% | 07/01/27 | -2.26% | 81.74 | 83.63 |
| 9 | TEXAS PUB FIN AUTH | 2.34% | 02/01/34 | -2.16% | 99.17 | 101.36 |
| 10 | LA PORTE TX INDEP SCH | 2.00% | 02/15/39 | -1.68% | 95.25 | 96.87 |
Top 10 State Winners
Showcases the top 10 Muni State “Winners” based on yield movements between 5/14/21 – 5/21/21
| RANK | STATE | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | MN | -23 bps | 1.45% | 1.68% |
| 2 | FL | -13 bps | 1.78% | 1.92% |
| 3 | ME | -11 bps | 1.33% | 1.44% |
| 4 | NJ | -9 bps | 2.15% | 2.24% |
| 5 | WA | -9 bps | 1.52% | 1.61% |
| 6 | LA | -9 bps | 1.89% | 1.98% |
| 7 | AZ | -7 bps | 1.58% | 1.65% |
| 8 | IA | -6 bps | 1.69% | 1.75% |
| 9 | MA | -6 bps | 1.59% | 1.65% |
| 10 | OH | -5 bps | 1.63% | 1.68% |
Top 10 State Losers
Showcases the top 10 Muni State “Losers” based on yield movements between 5/14/21 – 5/21/21
| RANK | STATE | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | CT | 80 bps | 2.46% | 1.66% |
| 2 | NH | 43 bps | 1.70% | 1.27% |
| 3 | PA | 27 bps | 1.86% | 1.59% |
| 4 | OR | 23 bps | 1.72% | 1.49% |
| 5 | WI | 20 bps | 1.92% | 1.72% |
| 6 | CO | 14 bps | 1.51% | 1.37% |
| 7 | MS | 12 bps | 1.51% | 1.39% |
| 8 | UT | 12 bps | 1.38% | 1.26% |
| 9 | DC | 10 bps | 1.61% | 1.50% |
| 10 | AL | 9 bps | 1.40% | 1.31% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 5/14/21 – 5/21/21 (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 5/14/21 – 5/21/21 (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 5/14/21 – 5/21/21 (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 5/14/21 – 5/21/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 5/14/21 vs. the week ending 5/21/21
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | PARAMOUNT USD -C-REF | 3.00% | 08/01/50 | 13 | 63 | 50 | 385% |
| 2 | RIVERSIDE CMNTY CLG | 3.00% | 08/01/38 | 3 | 48 | 45 | 1500% |
| 3 | SNOHOMISH ETC SD #401 | 5.00% | 12/15/25 | 15 | 60 | 45 | 300% |
| 4 | UNIV OF MINNESOTA MN | 5.00% | 10/01/25 | 29 | 74 | 45 | 155% |
| 5 | GALENA PARK ISD | 3.00% | 08/15/37 | 3 | 47 | 44 | 1467% |
| 6 | PUEBLO SD #60 | 5.00% | 12/15/26 | 15 | 57 | 42 | 280% |
| 7 | DELAWARE STATE-REF | 3.00% | 02/01/34 | 39 | 79 | 40 | 103% |
| 8 | CALIFORNIA STWD CMNTY | 3.00% | 04/01/50 | 35 | 75 | 40 | 114% |
| 9 | LOS ANGELES MUNI IMPT | 5.00% | 11/01/26 | 6 | 45 | 39 | 650% |
| 10 | DARLINGTON CNTY SCH | 5.00% | 03/01/25 | 25 | 64 | 39 | 156% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 5/14/21 – 5/21/21
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | DASNY -A-REF | 5.00% | 03/15/32 | 30 |
| 2 | DASNY -A-REF | 4.00% | 03/15/41 | 30 |
| 3 | PA TPK COMMISSION-A | 4.00% | 12/01/51 | 30 |
| 4 | NYC MUNI WTR FIN-DD | 5.00% | 06/15/31 | 29 |
| 5 | DASNY -A-REF | 5.00% | 03/15/49 | 29 |
| 6 | CALIFORNIA ST | 5.00% | 12/01/30 | 28 |
| 7 | PR SALES TAX FING-A1 | 0.00% | 07/01/51 | 28 |
| 8 | LAMAR CONSOL ISD | 3.00% | 02/15/51 | 27 |
| 9 | MIAMI-DADE COUNTY-REV | 4.00% | 10/01/48 | 26 |
| 10 | NEW YORK NY | 4.00% | 03/01/38 | 26 |
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