Municipal Bond Market Summary – Week Ending 7/16/21
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Municipal Bond Market Summary: Week Ending 7/16/21
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 7/9/21 – 7/16/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | TENNESSEE HSG DEV AGY | 2.46% | 07/01/31 | 4.52% | 108.38 | 103.69 |
| 2 | PR ELEC PWR-A | 5.00% | 07/01/42 | 3.69% | 91.87 | 88.60 |
| 3 | CAPITAL TRUST AGY FL | 5.00% | 01/01/56 | 3.06% | 118.90 | 115.37 |
| 4 | S BRISTOL TWN | 2.25% | 05/15/46 | 2.84% | 101.86 | 99.06 |
| 5 | INDIANA HSG & CMNTY-A | 2.15% | 01/01/45 | 2.75% | 101.22 | 98.51 |
| 6 | DASNY -TXBL-REF | 2.35% | 07/01/31 | 2.72% | 105.33 | 102.54 |
| 7 | PR-REF-A | 5.50% | 07/01/39 | 2.23% | 89.81 | 87.85 |
| 8 | TENNESSEE ST -B-REF | 1.93% | 11/01/34 | 2.13% | 104.73 | 102.54 |
| 9 | MET ATLANTA GA RAPID | 3.00% | 07/01/44 | 2.07% | 109.58 | 107.36 |
| 10 | CONNECTICUT-F | 3.25% | 11/15/29 | 1.71% | 111.36 | 109.49 |
Top 10 Losers
Showcases the top 10 Muni Bond “Losers” based on price movements between 7/9/21 – 7/16/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | SAN ANTONIO ELEC | 5.81% | 02/01/41 | -2.89% | 146.38 | 150.73 |
| 2 | VIRGINIA ST HSG DEV A | 2.65% | 07/01/50 | -2.63% | 101.65 | 104.40 |
| 3 | LOS ANGELES CCD-REF | 2.11% | 08/01/32 | -2.49% | 102.82 | 105.44 |
| 4 | RHODE ISLAND ST HSG & | 2.80% | 04/01/45 | -2.42% | 102.68 | 105.23 |
| 5 | LAKEWOOD WA WTR DIST | 3.13% | 12/01/48 | -2.29% | 108.87 | 111.42 |
| 6 | BAY CITY-CTFS OBLIG | 2.75% | 09/01/45 | -2.29% | 104.30 | 106.74 |
| 7 | NW HARRIS CO MUD#16 | 2.38% | 10/01/46 | -2.27% | 99.03 | 101.33 |
| 8 | GUNNISON CNTY CO COPS | 4.00% | 12/01/33 | -2.00% | 119.57 | 122.01 |
| 9 | NASHUA -TXBL | 1.40% | 01/15/33 | -1.99% | 97.14 | 99.11 |
| 10 | GETTYSBURG PA MUNI AU | 5.00% | 08/15/37 | -1.88% | 119.57 | 121.86 |
Top 10 State Winners
Showcases the top 10 Muni State “Winners” based on yield movements between 7/9/21 – 7/16/21
| RANK | STATE | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | OR | -35 bps | 1.60% | 1.95% |
| 2 | VA | -28 bps | 1.30% | 1.58% |
| 3 | CO | -27 bps | 1.33% | 1.60% |
| 4 | WA | -20 bps | 1.65% | 1.85% |
| 5 | FL | -13 bps | 1.27% | 1.40% |
| 6 | MD | -12 bps | 1.33% | 1.45% |
| 7 | NY | -11 bps | 1.45% | 1.57% |
| 8 | KS | -10 bps | 2.32% | 2.42% |
| 9 | MI | -10 bps | 1.76% | 1.86% |
| 10 | UT | -10 bps | 1.15% | 1.24% |
Top 10 State Losers
Showcases the top 10 Muni State “Losers” based on yield movements between 7/9/21 – 7/16/21
| RANK | STATE | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | NV | 37 bps | 2.24% | 1.87% |
| 2 | HI | 37 bps | 2.50% | 2.13% |
| 3 | AZ | 35 bps | 1.77% | 1.41% |
| 4 | LA | 30 bps | 1.79% | 1.49% |
| 5 | DE | 28 bps | 1.32% | 1.04% |
| 6 | NE | 25 bps | 1.80% | 1.55% |
| 7 | SC | 16 bps | 1.72% | 1.56% |
| 8 | IL | 12 bps | 2.16% | 2.03% |
| 9 | MN | 12 bps | 1.70% | 1.58% |
| 10 | MO | 10 bps | 1.77% | 1.68% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 7/9/21 – 7/16/21 (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 7/9/21 – 7/16/21 (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 7/9/21 – 7/16/21 (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 7/9/21 – 7/16/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 7/9/21 vs. the week ending 7/16/21
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | WISCONSIN-REF-2 | 5.00% | 05/01/28 | 6 | 80 | 74 | 1233% |
| 2 | NY DORM AUTH-A | 5.00% | 03/15/27 | 20 | 74 | 54 | 270% |
| 3 | SNOHOMISH CNTY WA PUB | 5.00% | 12/01/46 | 27 | 80 | 53 | 196% |
| 4 | GODLEY ISD | 3.00% | 02/15/41 | 43 | 94 | 51 | 119% |
| 5 | WASHINGTON ST -D | 4.00% | 07/01/34 | 22 | 72 | 50 | 227% |
| 6 | MASSACHUSETTS ST DEV | 5.00% | 07/01/55 | 71 | 121 | 50 | 70% |
| 7 | PENNSYLVANIA ST TURNP | 3.00% | 12/01/42 | 20 | 69 | 49 | 245% |
| 8 | MET TRANSPRTN AUTH-A1 | 4.00% | 11/15/48 | 10 | 58 | 48 | 480% |
| 9 | ROYSE CITY ISD | 4.00% | 02/15/51 | 38 | 86 | 48 | 126% |
| 10 | NYC HSG DEV CORP-F-1 | 2.10% | 11/01/36 | 5 | 50 | 45 | 900% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 7/9/21 – 7/16/21
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | IN FIN AUTH-REF-1 | 4.00% | 10/01/36 | 30 |
| 2 | WEST VIRGINIA ST PARK | 4.00% | 06/01/51 | 30 |
| 3 | NYC MUNI WTR FIN-AA-1 | 4.00% | 06/15/51 | 28 |
| 4 | PORT OF SEATTLE WA-C | 5.00% | 08/01/46 | 28 |
| 5 | IN FIN AUTH-REF-1 | 4.00% | 10/01/35 | 25 |
| 6 | MASSACHUSETTS ST DEV | 5.00% | 07/01/55 | 25 |
| 7 | ALAMO CMNTY CLG DIST | 4.00% | 08/15/39 | 24 |
| 8 | LIVONIA MI PUBLIC SD | 4.00% | 05/01/36 | 24 |
| 9 | UPPER TRINITY REGL | 3.00% | 08/01/51 | 24 |
| 10 | GEORGIA ST-A-1-REF | 5.00% | 07/01/29 | 24 |
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