Municipal Bond Market Summary – Week Ending 7/23/21
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Municipal Bond Market Summary: Week Ending 7/23/21
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 7/16/21 – 7/23/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | PR COMWLTH SER A | 5.25% | 07/01/33 | 6.43% | 94.90 | 89.17 |
| 2 | TOMPKINS CO IDA-A | 3.50% | 10/01/51 | 3.41% | 104.96 | 101.50 |
| 3 | COACHELLA VY USD CAB | 0.00% | 08/01/34 | 2.98% | 80.29 | 77.97 |
| 4 | JEFFERSON UN HSD | 2.63% | 08/01/44 | 2.95% | 105.05 | 102.04 |
| 5 | CONNECTICUT ST-A | 4.00% | 05/01/40 | 2.74% | 123.67 | 120.37 |
| 6 | WEST VIRGINIA ST HOSP | 4.13% | 01/01/47 | 2.66% | 114.91 | 111.93 |
| 7 | DALLAS AREA RAPID | 4.92% | 12/01/41 | 2.18% | 136.86 | 133.94 |
| 8 | LAKELAND-REF-B-AMT | 4.00% | 10/01/36 | 1.99% | 121.61 | 119.24 |
| 9 | HARRIS CO MUD #460 | 2.25% | 04/01/43 | 1.92% | 98.81 | 96.95 |
| 10 | CO ST HLTH FACS AUTH | 3.25% | 08/01/49 | 1.92% | 108.23 | 106.20 |
Top 10 Losers
Showcases the top 10 Muni Bond “Losers” based on price movements between 7/16/21 – 7/23/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | TENNESSEE HSG DEV AGY | 2.46% | 07/01/31 | -3.33% | 104.77 | 108.38 |
| 2 | EAST CAROLINA NC UNIV | 2.17% | 10/01/31 | -3.23% | 104.43 | 107.91 |
| 3 | DASNY -TXBL-REF | 2.35% | 07/01/31 | -3.01% | 102.16 | 105.33 |
| 4 | TENNESSEE ST -B-REF | 1.93% | 11/01/34 | -2.83% | 101.76 | 104.73 |
| 5 | AUSTIN TX ARPT SYS RE | 5.00% | 11/15/38 | -2.39% | 129.40 | 132.57 |
| 6 | HAWAII ST-FZ | 1.40% | 08/01/30 | -2.30% | 98.23 | 100.54 |
| 7 | PARAMOUNT USD-CABS | 0.00% | 08/01/36 | -2.21% | 73.03 | 74.68 |
| 8 | PENNSYLVANIA ST UNIV | 2.84% | 09/01/50 | -1.87% | 103.59 | 105.56 |
| 9 | ROCK HILL UTIL-A-REF | 3.00% | 01/01/44 | -1.75% | 108.01 | 109.94 |
| 10 | ROMEO MI CMNTY SD-II | 2.13% | 05/01/40 | -1.74% | 101.86 | 103.66 |
Top 10 State Winners
Showcases the top 10 Muni State “Winners” based on yield movements between 7/16/21 – 7/23/21
| RANK | STATE | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | KS | -58 bps | 1.74% | 2.32% |
| 2 | NV | -32 bps | 1.91% | 2.23% |
| 3 | HI | -32 bps | 2.18% | 2.50% |
| 4 | SC | -31 bps | 1.41% | 1.72% |
| 5 | IA | -27 bps | 1.40% | 1.67% |
| 6 | IL | -19 bps | 1.97% | 2.16% |
| 7 | AL | -16 bps | 1.56% | 1.71% |
| 8 | DC | -14 bps | 1.39% | 1.54% |
| 9 | CA | -14 bps | 1.77% | 1.91% |
| 10 | OR | -14 bps | 1.46% | 1.60% |
Top 10 State Losers
Showcases the top 10 Muni State “Losers” based on yield movements between 7/16/21 – 7/23/21
| RANK | STATE | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | AZ | 21 bps | 1.97% | 1.77% |
| 2 | WI | 14 bps | 1.99% | 1.84% |
| 3 | MN | 14 bps | 1.83% | 1.70% |
| 4 | VA | 12 bps | 1.41% | 1.29% |
| 5 | WA | 12 bps | 1.77% | 1.65% |
| 6 | MS | 12 bps | 1.44% | 1.33% |
| 7 | TX | 10 bps | 1.90% | 1.80% |
| 8 | NY | 10 bps | 1.55% | 1.45% |
| 9 | GA | 10 bps | 1.63% | 1.54% |
| 10 | CO | 9 bps | 1.42% | 1.32% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 7/16/21 – 7/23/21 (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 7/16/21 – 7/23/21 (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 7/16/21 – 7/23/21 (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 7/16/21 – 7/23/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 7/16/21 vs. the week ending 7/23/21
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | MET PIER | 0.00% | 06/15/45 | 15 | 75 | 60 | 400% |
| 2 | NYC TRANS FIN-C-REF | 5.00% | 11/01/32 | 13 | 71 | 58 | 446% |
| 3 | N DAVIS SWR DT-B-REF | 1.29% | 03/01/27 | 5 | 58 | 53 | 1060% |
| 4 | N DAVIS SWR DT-B-REF | 1.65% | 03/01/29 | 5 | 58 | 53 | 1060% |
| 5 | TEXAS ST WTR DEV BRD | 4.00% | 04/15/51 | 3 | 52 | 49 | 1633% |
| 6 | MASSACHUSETTS PORT-D | 5.00% | 07/01/46 | 10 | 57 | 47 | 470% |
| 7 | NEW JERSEY ST | 2.00% | 06/01/36 | 20 | 67 | 47 | 235% |
| 8 | LEWISVILLE ISD | 5.00% | 08/15/26 | 6 | 52 | 46 | 767% |
| 9 | ATL ARPT PASS FAC-A | 5.00% | 01/01/27 | 12 | 57 | 45 | 375% |
| 10 | UNIV OF NC CHAPEL HIL | 5.00% | 12/01/37 | 74 | 119 | 45 | 61% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 7/16/21 – 7/23/21
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | WEST VIRGINIA ST PARK | 4.00% | 06/01/51 | 33 |
| 2 | IN FIN AUTH-REF-1 | 4.00% | 10/01/36 | 32 |
| 3 | NEW JERSEY ST TURNPIK | 4.00% | 01/01/51 | 31 |
| 4 | NYC MUNI WTR FIN-AA-1 | 4.00% | 06/15/51 | 29 |
| 5 | PORT OF SEATTLE WA-C | 5.00% | 08/01/46 | 28 |
| 6 | IN FIN AUTH-REF-1 | 4.00% | 10/01/35 | 28 |
| 7 | UPPER TRINITY REGL | 3.00% | 08/01/51 | 26 |
| 8 | UNIV OF NC CHAPEL HIL | 5.00% | 12/01/38 | 26 |
| 9 | MASSACHUSETTS ST DEV | 5.00% | 07/01/55 | 25 |
| 10 | BLACK BELT ENERGY GAS | 4.00% | 06/01/51 | 25 |
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