Municipal Bond Market Summary – Week Ending 5/28/21
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Municipal Bond Market Summary: Week Ending 5/28/21
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 5/21/21 – 5/28/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | BEVERLY HILLS USD CAB | 0.00% | 08/01/33 | 3.78% | 81.73 | 78.75 |
| 2 | PA TPK-BABS-B | 5.51% | 12/01/45 | 3.68% | 140.16 | 135.18 |
| 3 | ROSEMONT-RF-TXB-A | 6.00% | 12/01/35 | 3.16% | 124.83 | 121.00 |
| 4 | WASHINGTON ST CONVENT | 4.00% | 07/01/58 | 3.16% | 110.43 | 107.04 |
| 5 | PR ELEC-WW | 5.50% | 07/01/38 | 2.38% | 86.25 | 84.25 |
| 6 | MA SCH BLDG AUTH-B | 1.75% | 08/15/30 | 2.32% | 99.04 | 96.80 |
| 7 | GREATER TEXOMA UTIL | 2.00% | 10/01/38 | 2.20% | 99.35 | 97.22 |
| 8 | UNIV OF CALIFORNIA CA | 3.71% | 05/15/20 | 2.12% | 102.48 | 100.35 |
| 9 | TORRANCE CA JT PWRS F | 2.64% | 06/01/32 | 1.99% | 103.64 | 101.62 |
| 10 | UNIV OF OKLAHOMA-C | 2.90% | 07/01/37 | 1.96% | 101.04 | 99.10 |
Top 10 Losers
Showcases the top 10 Muni Bond “Losers” based on price movements between 5/21/21 – 5/28/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | KERN CA CMNTY CLG DIS | 3.02% | 11/01/33 | -3.29% | 105.04 | 108.62 |
| 2 | ELK RIVER -A | 2.00% | 02/01/37 | -2.60% | 101.77 | 104.49 |
| 3 | ARLINGTON HGR EDU FIN | 3.00% | 08/15/41 | -1.87% | 105.89 | 107.91 |
| 4 | HARRIS CO MUD #419 | 2.00% | 09/01/38 | -1.62% | 98.87 | 100.50 |
| 5 | S SPENCER SCH BLDG | 5.00% | 07/15/27 | -1.57% | 124.02 | 125.99 |
| 6 | NC PWR AGY #1-C-PRERE | 5.00% | 01/01/30 | -1.31% | 118.42 | 119.99 |
| 7 | DAYTON ISD | 4.00% | 02/15/45 | -1.26% | 110.64 | 112.05 |
| 8 | W HARRIS CO MUD #5-RE | 2.00% | 09/01/35 | -1.25% | 98.80 | 100.05 |
| 9 | WACO -B-CFTS OF OBLIG | 1.70% | 02/01/31 | -1.24% | 98.32 | 99.55 |
| 10 | MS DEV BK | 6.41% | 01/01/40 | -1.24% | 141.90 | 143.68 |
Top 10 State Winners
Showcases the top 10 Muni State “Winners” based on yield movements between 5/21/21 – 5/28/21
| RANK | STATE | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | CT | -37 bps | 2.09% | 2.46% |
| 2 | NH | -36 bps | 1.34% | 1.70% |
| 3 | HI | -31 bps | 2.12% | 2.43% |
| 4 | NJ | -31 bps | 1.85% | 2.17% |
| 5 | OR | -25 bps | 1.47% | 1.72% |
| 6 | NE | -22 bps | 1.47% | 1.69% |
| 7 | WI | -20 bps | 1.72% | 1.92% |
| 8 | UT | -13 bps | 1.25% | 1.39% |
| 9 | FL | -12 bps | 1.61% | 1.73% |
| 10 | LA | -11 bps | 1.74% | 1.84% |
Top 10 State Losers
Showcases the top 10 Muni State “Losers” based on yield movements between 5/21/21 – 5/28/21
| RANK | STATE | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | KS | 106 bps | 2.64% | 1.58% |
| 2 | IL | 23 bps | 2.53% | 2.30% |
| 3 | AL | 23 bps | 1.63% | 1.40% |
| 4 | CO | 21 bps | 1.72% | 1.51% |
| 5 | MO | 19 bps | 1.98% | 1.80% |
| 6 | NC | 15 bps | 1.22% | 1.07% |
| 7 | SC | 10 bps | 1.78% | 1.68% |
| 8 | PA | 10 bps | 1.96% | 1.86% |
| 9 | AZ | 9 bps | 1.67% | 1.58% |
| 10 | NV | 6 bps | 1.66% | 1.60% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 5/21/21 – 5/28/21 (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 5/21/21 – 5/28/21 (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 5/21/21 – 5/28/21 (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 5/21/21 – 5/28/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 5/21/21 vs. the week ending 5/28/21
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | ALAMO CMNTY CLG DIST | 4.00% | 08/15/39 | 22 | 68 | 46 | 209% |
| 2 | CARMEL LOC PUB IMP BD | 4.00% | 01/15/35 | 3 | 46 | 43 | 1433% |
| 3 | DENVER SD #1-A | 5.50% | 12/01/41 | 5 | 48 | 43 | 860% |
| 4 | ALAMO CMNTY CLG DIST | 3.00% | 08/15/40 | 15 | 58 | 43 | 287% |
| 5 | ALAMO CMNTY CLG DIST | 4.00% | 08/15/32 | 3 | 45 | 42 | 1400% |
| 6 | ALAMO CMNTY CLG DIST | 4.00% | 08/15/38 | 19 | 59 | 40 | 211% |
| 7 | AUSTIN TX CMNTY CLG D | 4.00% | 08/01/32 | 3 | 41 | 38 | 1267% |
| 8 | AUSTIN TX CMNTY CLG D | 4.00% | 08/01/33 | 3 | 41 | 38 | 1267% |
| 9 | WAYNE CO ARPT AUTH-A | 5.00% | 12/01/33 | 15 | 53 | 38 | 253% |
| 10 | NJ ECON-REF-SCH-N-1 | 5.50% | 09/01/25 | 25 | 63 | 38 | 152% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 5/21/21 – 5/28/21
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | DASNY -A-REF | 4.00% | 03/15/41 | 32 |
| 2 | LAMAR CONSOL ISD | 3.00% | 02/15/51 | 29 |
| 3 | CALIFORNIA ST | 5.00% | 12/01/30 | 28 |
| 4 | NYC MUNI WTR FIN-DD | 5.00% | 06/15/31 | 28 |
| 5 | PR SALES TAX FING-A1 | 0.00% | 07/01/51 | 28 |
| 6 | PA TPK COMMISSION-A | 4.00% | 12/01/51 | 28 |
| 7 | CALIFORNIA ST PUBLIC | 4.00% | 05/01/46 | 27 |
| 8 | DASNY -A-REF | 4.00% | 03/15/39 | 26 |
| 9 | NEW YORK NY | 4.00% | 03/01/38 | 26 |
| 10 | DASNY -A-REF | 5.00% | 03/15/32 | 25 |
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