Municipal Bond Market Summary – Week Ending 6/4/21
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Municipal Bond Market Summary: Week Ending 6/4/21
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 5/28/21 – 6/4/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | CALLEGUAS CA MUNI WTR | 1.87% | 07/01/29 | 2.62% | 102.29 | 99.68 |
| 2 | DANVILLE PUB BLDG-REF | 3.25% | 12/01/33 | 2.23% | 109.12 | 106.74 |
| 3 | MONTOUR SD -A | 5.00% | 04/01/38 | 2.20% | 119.12 | 116.56 |
| 4 | BERKS CO IDA HLTH-REF | 4.00% | 11/01/47 | 2.10% | 97.45 | 95.44 |
| 5 | NEVADA SYS OF HGR ED | 3.38% | 07/01/42 | 1.81% | 109.30 | 107.36 |
| 6 | CHICAGO-B-REF-BAM-TCR | 5.43% | 01/01/42 | 1.77% | 124.91 | 122.74 |
| 7 | JURUPA VLY-COPS | 2.38% | 04/01/45 | 1.58% | 99.55 | 98.00 |
| 8 | FINNEY USD #457-A-REF | 4.00% | 09/01/28 | 1.49% | 117.02 | 115.30 |
| 9 | NYC -TXBL -REF -D | 1.92% | 08/01/31 | 1.41% | 98.69 | 97.32 |
| 10 | E MONTGOMERY MUD #3 | 2.75% | 08/15/38 | 1.37% | 100.00 | 98.65 |
Top 10 Losers
Showcases the top 10 Muni Bond “Losers” based on price movements between 5/28/21 – 6/4/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | OR GOVTS-B-PENSION OB | 6.85% | 06/01/28 | -2.88% | 123.38 | 127.04 |
| 2 | UT-BABS-SER D | 4.55% | 07/01/24 | -2.66% | 106.88 | 109.80 |
| 3 | MOUNTAIN VIEW-WHISMAN | 1.91% | 09/01/27 | -2.58% | 101.22 | 103.90 |
| 4 | SAN JOSE-C-REF-REV | 1.73% | 03/01/27 | -2.38% | 101.34 | 103.82 |
| 5 | STATE PUB SCH-A-QSCB | 5.00% | 09/15/27 | -2.34% | 117.45 | 120.26 |
| 6 | SAN YSIDRO SD-F-CABS | 0.00% | 08/01/41 | -2.32% | 62.82 | 64.31 |
| 7 | NJ TRN TR FD-A-CABS | 0.00% | 12/15/38 | -2.13% | 63.14 | 64.52 |
| 8 | TX ST TRANSN-1ST TIER | 5.03% | 04/01/26 | -2.06% | 113.98 | 116.39 |
| 9 | NY HSG DEV CORP | 3.55% | 11/01/35 | -1.97% | 106.63 | 108.77 |
| 10 | UNIV TX | 5.26% | 07/01/39 | -1.81% | 134.72 | 137.21 |
Top 10 State Winners
Showcases the top 10 Muni State “Winners” based on yield movements between 5/28/21 – 6/4/21
| RANK | STATE | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | IL | -36 bps | 2.17% | 2.52% |
| 2 | OH | -21 bps | 1.43% | 1.64% |
| 3 | MN | -21 bps | 1.52% | 1.73% |
| 4 | FL | -21 bps | 1.44% | 1.64% |
| 5 | ME | -19 bps | 1.15% | 1.34% |
| 6 | TN | -18 bps | 1.53% | 1.71% |
| 7 | AZ | -12 bps | 1.55% | 1.67% |
| 8 | MD | -11 bps | 1.25% | 1.36% |
| 9 | PA | -10 bps | 1.85% | 1.95% |
| 10 | CT | -9 bps | 2.00% | 2.09% |
Top 10 State Losers
Showcases the top 10 Muni State “Losers” based on yield movements between 5/28/21 – 6/4/21
| RANK | STATE | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | NJ | 29 bps | 2.15% | 1.85% |
| 2 | NV | 27 bps | 1.97% | 1.70% |
| 3 | WI | 25 bps | 1.97% | 1.72% |
| 4 | OR | 25 bps | 1.71% | 1.46% |
| 5 | KS | 23 bps | 2.87% | 2.64% |
| 6 | AL | 18 bps | 1.81% | 1.63% |
| 7 | NC | 11 bps | 1.33% | 1.22% |
| 8 | GA | 10 bps | 1.50% | 1.40% |
| 9 | DC | 10 bps | 1.76% | 1.66% |
| 10 | NE | 9 bps | 1.56% | 1.47% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 5/28/21 – 6/4/21 (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 5/28/21 – 6/4/21 (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 5/28/21 – 6/4/21 (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 5/28/21 – 6/4/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 5/28/21 vs. the week ending 6/4/21
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | NEW YORK NY | 5.00% | 04/01/33 | 44 | 80 | 36 | 82% |
| 2 | SEATTLE-A-REF | 4.00% | 12/01/41 | 26 | 61 | 35 | 135% |
| 3 | NUECES CO-CFTS OBLIG | 3.00% | 02/15/41 | 12 | 47 | 35 | 292% |
| 4 | SEATTLE-A-REF | 4.00% | 12/01/39 | 26 | 61 | 35 | 135% |
| 5 | SEATTLE-A-REF | 4.00% | 12/01/40 | 26 | 61 | 35 | 135% |
| 6 | WASHINGTON ST-REF-C | 4.00% | 08/01/36 | 44 | 78 | 34 | 77% |
| 7 | SEATTLE-A-REF | 4.00% | 12/01/38 | 28 | 61 | 33 | 118% |
| 8 | SEATTLE-A-REF | 4.00% | 12/01/37 | 28 | 59 | 31 | 111% |
| 9 | ALAMO CMNTY CLG DIST | 4.00% | 08/15/31 | 5 | 36 | 31 | 620% |
| 10 | PHOENIX CIVIC IMPT CO | 4.00% | 07/01/44 | 33 | 63 | 30 | 91% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 5/28/21 – 6/4/21
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | DASNY -A-REF | 4.00% | 03/15/41 | 32 |
| 2 | LAMAR CONSOL ISD | 3.00% | 02/15/51 | 30 |
| 3 | PR SALES TAX FING-A1 | 0.00% | 07/01/51 | 29 |
| 4 | NEW YORK NY | 4.00% | 03/01/38 | 25 |
| 5 | CALIFORNIA ST | 5.00% | 12/01/30 | 25 |
| 6 | NEW JERSEY ST-A | 4.00% | 06/01/32 | 25 |
| 7 | LOS ANGELES DEPT OF | 5.00% | 05/15/46 | 24 |
| 8 | NEW YORK ST URBAN DEV | 5.00% | 03/15/33 | 24 |
| 9 | DASNY -A-REF | 4.00% | 03/15/39 | 23 |
| 10 | MIAMI-DADE COUNTY-REV | 4.00% | 10/01/48 | 22 |
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