Municipal Bond Market Summary – Week Ending 5/7/21
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Municipal Bond Market Summary: Week Ending 5/7/21
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 4/30/21 – 5/7/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | OREGON BOND BANK-A | 5.00% | 01/01/30 | 6.60% | 142.31 | 133.50 |
| 2 | UTAH ST TRANSIT AUTH | 2.97% | 12/15/39 | 5.31% | 108.39 | 102.93 |
| 3 | BOSSIER CITY-TXBL-REF | 2.70% | 10/01/37 | 3.99% | 101.02 | 97.14 |
| 4 | INGLEWOOD REDEV-A-H | 6.32% | 05/01/38 | 3.69% | 123.50 | 119.11 |
| 5 | PR-REF-PUB IMPT-A | 5.00% | 07/01/21 | 3.41% | 84.79 | 82.00 |
| 6 | ILLINOIS ST-A-TXBL | 5.00% | 04/01/27 | 2.72% | 110.90 | 107.96 |
| 7 | FL DEV FIN CORP -B | 7.38% | 01/01/49 | 2.59% | 107.17 | 104.46 |
| 8 | MET TRANSN-TXB-E-BABS | 6.81% | 11/15/40 | 2.39% | 140.49 | 137.21 |
| 9 | NEW YORK CITY NY MUNI | 5.00% | 06/15/47 | 2.25% | 122.95 | 120.25 |
| 10 | JACKSON HOSP REV-REF | 5.00% | 04/01/36 | 2.17% | 116.36 | 113.88 |
Top 10 Losers
Showcases the top 10 Muni Bond “Losers” based on price movements between 4/30/21 – 5/7/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | TUSCALOOSA CNTY AL IN | 4.50% | 05/01/32 | -4.32% | 108.73 | 113.64 |
| 2 | PR BLDGS-G-GOVT FACS | 5.00% | 07/01/26 | -2.82% | 91.53 | 94.19 |
| 3 | TEXAS ST TRANSPRTN CO | 2.47% | 10/01/44 | -2.56% | 95.37 | 97.88 |
| 4 | MIDLAND CO HOSP-BABS | 6.34% | 05/15/29 | -2.31% | 123.25 | 126.16 |
| 5 | WARREN CONSOL SD | 1.95% | 05/01/32 | -2.31% | 97.26 | 99.55 |
| 6 | CNP UTIL DIST | 2.00% | 04/01/49 | -2.23% | 94.84 | 97.00 |
| 7 | W ORANGE TWP -TXBL | 2.50% | 03/01/39 | -2.08% | 98.29 | 100.37 |
| 8 | RIVERSIDE REDEV-TXB | 5.37% | 10/01/28 | -2.03% | 112.97 | 115.30 |
| 9 | HERMANTOWN-A-REF | 1.40% | 02/01/34 | -1.95% | 96.92 | 98.84 |
| 10 | FRESNO SD-REF-B | 5.25% | 08/01/27 | -1.92% | 122.40 | 124.79 |
Top 10 State Winners
Showcases the top 10 Muni State “Winners” based on yield movements between 4/30/21 – 5/7/21
| RANK | STATE | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | AL | -37 bps | 1.18% | 1.55% |
| 2 | LA | -37 bps | 1.98% | 2.35% |
| 3 | ME | -25 bps | 1.39% | 1.63% |
| 4 | AZ | -21 bps | 1.66% | 1.87% |
| 5 | TX | -14 bps | 1.76% | 1.90% |
| 6 | NH | -12 bps | 1.24% | 1.36% |
| 7 | FL | -10 bps | 1.86% | 1.97% |
| 8 | IA | -10 bps | 1.65% | 1.75% |
| 9 | WV | -10 bps | 1.23% | 1.33% |
| 10 | IL | -9 bps | 2.24% | 2.34% |
Top 10 State Losers
Showcases the top 10 Muni State “Losers” based on yield movements between 4/30/21 – 5/7/21
| RANK | STATE | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | HI | 33 bps | 2.65% | 2.32% |
| 2 | NJ | 22 bps | 2.25% | 2.03% |
| 3 | MI | 22 bps | 1.92% | 1.69% |
| 4 | NE | 21 bps | 1.90% | 1.69% |
| 5 | SC | 21 bps | 1.58% | 1.37% |
| 6 | DC | 18 bps | 1.76% | 1.58% |
| 7 | OR | 15 bps | 1.69% | 1.54% |
| 8 | PA | 9 bps | 1.73% | 1.64% |
| 9 | CT | 8 bps | 1.91% | 1.84% |
| 10 | MS | 7 bps | 1.37% | 1.29% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 4/30/21 – 5/7/21 (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 4/30/21 – 5/7/21 (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 4/30/21 – 5/7/21 (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 4/30/21 – 5/7/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 4/30/21 vs. the week ending 5/7/21
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | CT HLTH & EDUCTNL FAC | 5.00% | 07/01/29 | 23 | 77 | 54 | 235% |
| 2 | SAN FRANCISCO CITY & | 5.00% | 11/01/50 | 15 | 65 | 50 | 333% |
| 3 | 1NJ TRANSPRTN TRUST-B | 5.00% | 06/15/32 | 3 | 48 | 45 | 1500% |
| 4 | NY ST URBAN DEV CORP- | 4.00% | 03/15/43 | 42 | 87 | 45 | 107% |
| 5 | WASHINGTON ST-2020A | 5.00% | 08/01/40 | 28 | 71 | 43 | 154% |
| 6 | ALLEN TX ISD-TXBL | 1.97% | 02/15/32 | 4 | 46 | 42 | 1050% |
| 7 | GLENDALE CMNTY CLG DT | 4.00% | 08/01/50 | 5 | 45 | 40 | 800% |
| 8 | HENNEPIN CO -A | 5.00% | 12/01/33 | 3 | 40 | 37 | 1233% |
| 9 | SAN DIEGO PUB FACS-A | 5.00% | 10/15/46 | 10 | 47 | 37 | 370% |
| 10 | ALLEN TX ISD-TXBL | 2.24% | 02/15/35 | 1 | 36 | 35 | 3500% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 4/30/21 – 5/7/21
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | DASNY -A-REF | 5.00% | 03/15/49 | 34 |
| 2 | PA TPK COMMISSION-A | 4.00% | 12/01/51 | 34 |
| 3 | TRIBOROUGH NY BRIDGE | 5.00% | 11/15/51 | 31 |
| 4 | DASNY -A-REF | 5.00% | 03/15/32 | 27 |
| 5 | DASNY -A-REF | 4.00% | 03/15/39 | 27 |
| 6 | NYC MUNI WTR FIN-DD | 5.00% | 06/15/31 | 27 |
| 7 | DASNY -A-REF | 4.00% | 03/15/41 | 26 |
| 8 | PR SALES TAX FING-A1 | 0.00% | 07/01/51 | 26 |
| 9 | DASNY -A-REF | 5.00% | 03/15/31 | 25 |
| 10 | MARYLAND ST TRANSPRTN | 3.00% | 07/01/47 | 25 |
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