Municipal Bond Market Summary – Week Ending 6/18/21
GET OUR MUNICIPAL BOND MARKET SUMMARIES STRAIGHT TO YOUR INBOX. LEARN MORE
Municipal Bond Market Summary: Week Ending 6/18/21
As demand for water begins increase due to extreme levels of heat in California, LOS ANGELES CALIF DEPT WTR 6.57% 07/01/45 bonds increased 1.8% over the past week to $165.92. NYC GO Taxable Series D 1.216% due 08/01/2026 bonds decreased 2.1% last week to 99.18, breaking the par threshold as the bonds sold off in the face of upcoming NYC Mayoral elections and reduced interest in NYC bonds. Muni Bond Sentiment was heavily negative last week as ‘Decliners’ outpaced ‘Advancers’ by a 4.4 to 1 as sellers were active and looking to trim positions. The state of Georgia experienced was the MUNI state winner over the past week as investors bid up GA bonds over the past week.
Top 10 Winners
Showcases the top 10 Muni Bond “Winners” based on price movements between 6/11/21 – 6/18/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | ORANGE CT-A-TXBL | 2.35% | 06/01/41 | 4.66% | 97.81 | 93.46 |
| 2 | COAST CMNTY CLG DT | 2.89% | 08/01/35 | 3.41% | 109.46 | 105.85 |
| 3 | OTTAWA CO-SWR DISP | 3.13% | 06/01/35 | 3.10% | 110.37 | 107.04 |
| 4 | CHARLOTTE-MECKLENBURG | 3.20% | 01/15/51 | 2.60% | 106.39 | 103.70 |
| 5 | PARAMOUNT USD -C-REF | 4.00% | 08/01/39 | 2.36% | 122.81 | 119.98 |
| 6 | CA UNIV REVENUE-B | 3.90% | 11/01/47 | 2.08% | 117.44 | 115.05 |
| 7 | MA COMMONWEALTH | 2.90% | 09/01/49 | 2.05% | 106.60 | 104.46 |
| 8 | SPRINGDALE PUB FAC BR | 5.00% | 03/01/32 | 1.99% | 120.69 | 118.33 |
| 9 | DETROIT-B-1-FINL | 4.00% | 04/01/44 | 1.84% | 97.00 | 95.25 |
| 10 | LA DEPT WTR & PWR-BAB | 6.57% | 07/01/45 | 1.82% | 165.92 | 162.95 |
Top 10 Losers
Showcases the top 10 Muni Bond “Losers” based on price movements between 6/11/21 – 6/18/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | SAN YSIDRO SD-F-CABS | 0.00% | 08/01/41 | -3.47% | 62.11 | 64.34 |
| 2 | ALVORD USD-B-CABS | 0.00% | 08/01/36 | -3.12% | 69.21 | 71.44 |
| 3 | S JERSEY TRANSPRTN AU | 2.38% | 11/01/27 | -2.52% | 102.48 | 105.13 |
| 4 | STAFFORD MUNI SD | 3.08% | 08/15/41 | -2.50% | 107.19 | 109.93 |
| 5 | GREENVILLE REV-A-REF | 3.00% | 05/01/35 | -2.20% | 113.35 | 115.89 |
| 6 | NORTHSIDE TX ISD-REF | 1.94% | 08/15/32 | -2.19% | 99.94 | 102.17 |
| 7 | NYC -TXBL -REF -D | 1.22% | 08/01/26 | -2.12% | 99.18 | 101.33 |
| 8 | ORANGE CT-A-TXBL | 2.00% | 06/01/34 | -2.11% | 97.78 | 99.89 |
| 9 | FALL RIVER MA | 2.00% | 12/01/41 | -2.09% | 96.94 | 99.01 |
| 10 | NYS DORM-F-BABS-UNREF | 5.63% | 03/15/39 | -2.07% | 129.86 | 132.60 |
Top 10 State Winners
Showcases the top 10 Muni State “Winners” based on yield movements between 6/11/21 – 6/18/21
| RANK | STATE | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | GA | -60 bps | 1.43% | 2.03% |
| 2 | WI | -46 bps | 1.77% | 2.23% |
| 3 | MA | -22 bps | 1.51% | 1.73% |
| 4 | HI | -20 bps | 2.17% | 2.37% |
| 5 | SC | -13 bps | 1.75% | 1.88% |
| 6 | CT | -13 bps | 1.89% | 2.01% |
| 7 | MN | -9 bps | 1.66% | 1.74% |
| 8 | NY | -2 bps | 1.71% | 1.73% |
| 9 | IL | -2 bps | 2.08% | 2.10% |
| 10 | VA | -2 bps | 1.46% | 1.48% |
Top 10 State Losers
Showcases the top 10 Muni State “Losers” based on yield movements between 6/11/21 – 6/18/21
| RANK | STATE | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | FL | 49 bps | 1.82% | 1.33% |
| 2 | LA | 36 bps | 1.99% | 1.64% |
| 3 | OR | 32 bps | 1.90% | 1.58% |
| 4 | MO | 21 bps | 2.10% | 1.89% |
| 5 | DE | 17 bps | 1.26% | 1.09% |
| 6 | VT | 14 bps | 1.73% | 1.59% |
| 7 | KS | 10 bps | 2.55% | 2.45% |
| 8 | NJ | 9 bps | 2.07% | 1.98% |
| 9 | ME | 9 bps | 1.25% | 1.16% |
| 10 | NV | 9 bps | 1.93% | 1.84% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 6/11/21 – 6/18/21 (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 6/11/21 – 6/18/21 (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 6/11/21 – 6/18/21 (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 6/11/21 – 6/18/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 6/11/21 vs. the week ending 6/18/21
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | NEW YORK ST URBAN DEV | 5.00% | 03/15/32 | 12 | 63 | 51 | 425% |
| 2 | MARYLAND ST-A | 5.00% | 03/01/33 | 26 | 72 | 46 | 177% |
| 3 | TX WTR DEV BRD-A | 5.00% | 04/15/24 | 2 | 47 | 45 | 2250% |
| 4 | DIST OF COLUMBIA | 4.00% | 06/01/36 | 8 | 50 | 42 | 525% |
| 5 | DASNY-A-REF-GROUP 2 | 4.00% | 03/15/34 | 30 | 71 | 41 | 137% |
| 6 | OREGON-F-ARTICLE XI-Q | 5.00% | 05/01/32 | 6 | 46 | 40 | 667% |
| 7 | DIST OF COLUMBIA-D | 4.00% | 06/01/33 | 6 | 45 | 39 | 650% |
| 8 | LOS ANGELES DEPT OF | 5.00% | 05/15/38 | 12 | 51 | 39 | 325% |
| 9 | DASNY-A-REF-GROUP 2 | 5.00% | 03/15/32 | 14 | 53 | 39 | 279% |
| 10 | MET GOVT NASHVILLE | 4.00% | 07/01/36 | 14 | 52 | 38 | 271% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 6/11/21 – 6/18/21
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | HOUSTON-A-REV-REF | 4.00% | 11/15/51 | 27 |
| 2 | ALAMO CMNTY CLG DIST | 4.00% | 08/15/39 | 26 |
| 3 | PR SALES TAX FING-A1 | 0.00% | 07/01/51 | 25 |
| 4 | NEW YORK ST URBAN DEV | 5.00% | 03/15/33 | 24 |
| 5 | DASNY-A | 4.00% | 07/01/48 | 24 |
| 6 | ALAMO CMNTY CLG DIST | 4.00% | 08/15/38 | 23 |
| 7 | LOS ANGELES DEPT OF | 5.00% | 05/15/46 | 23 |
| 8 | ENERGY NW ELEC REV | 5.00% | 07/01/40 | 23 |
| 9 | NEW YORK NY | 4.00% | 03/01/38 | 23 |
| 10 | LAMAR CONSOL ISD | 3.00% | 02/15/51 | 22 |
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.
