Municipal Bond Market Summary – Week Ending 7/30/21
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Municipal Bond Market Summary: Week Ending 7/30/21
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 7/23/21 – 7/30/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | UNIV PR SYS-SER Q | 5.00% | 06/01/36 | 4.23% | 100.50 | 96.42 |
| 2 | UNIV VA-A-TXBL | 3.23% | 09/01/19 | 3.99% | 106.54 | 102.46 |
| 3 | CHICAGO O’HARE ARPT-C | 4.57% | 01/01/54 | 3.75% | 139.49 | 134.45 |
| 4 | BROOKINGS SCH DIST | 3.50% | 08/01/38 | 2.07% | 112.11 | 109.84 |
| 5 | PR COMLWTH UNREF-A | 5.00% | 07/01/34 | 1.96% | 95.51 | 93.68 |
| 6 | ALASKA ST MUNI BOND B | 2.60% | 12/01/36 | 1.94% | 104.43 | 102.45 |
| 7 | MIAMI-DADE CNTY FL SP | 3.00% | 04/01/34 | 1.79% | 109.47 | 107.54 |
| 8 | LITTLE MIAMI SD-B-REF | 3.56% | 12/01/34 | 1.78% | 110.51 | 108.58 |
| 9 | MD HLTH&HGR EDUCTNL-D | 3.20% | 07/01/50 | 1.57% | 107.04 | 105.38 |
| 10 | MA DEV FIN | 5.00% | 09/01/37 | 1.55% | 129.60 | 127.62 |
Top 10 Losers
Showcases the top 10 Muni Bond “Losers” based on price movements between 7/23/21 – 7/30/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | MI TECH UNIV-A-BAB | 6.69% | 10/01/39 | -5.52% | 148.68 | 157.37 |
| 2 | WILLITS USD-A | 2.00% | 08/01/50 | -2.70% | 95.40 | 98.05 |
| 3 | CAMBRIAN SCH DIST | 2.25% | 08/01/42 | -2.40% | 101.97 | 104.48 |
| 4 | EL SEGUNDO UNIF SD-B | 2.00% | 08/01/48 | -1.75% | 95.16 | 96.86 |
| 5 | PR REF-PUB IMPT | 4.50% | 07/01/23 | -1.74% | 89.66 | 91.25 |
| 6 | LA MARQUE-CTFS OBLIG | 3.63% | 09/01/48 | -1.67% | 109.05 | 110.90 |
| 7 | HARRIS CO MUD #412-B | 2.13% | 09/01/39 | -1.59% | 98.27 | 99.85 |
| 8 | BELLWOOD VLG-REF-TXBL | 2.90% | 12/01/35 | -1.55% | 103.17 | 104.80 |
| 9 | FOOTHILL ESTRN TRANSP | 2.19% | 01/15/32 | -1.50% | 98.63 | 100.13 |
| 10 | CALIFORNIA ST | 3.00% | 11/01/34 | -1.47% | 115.16 | 116.88 |
Top 10 State Winners
Showcases the top 10 Muni State “Winners” based on yield movements between 7/23/21 – 7/30/21
| RANK | STATE | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | WI | -31 bps | 1.67% | 1.99% |
| 2 | AZ | -12 bps | 1.84% | 1.95% |
| 3 | GA | -12 bps | 1.51% | 1.63% |
| 4 | NV | -11 bps | 1.80% | 1.91% |
| 5 | UT | -11 bps | 1.02% | 1.12% |
| 6 | CO | -10 bps | 1.32% | 1.42% |
| 7 | WA | -5 bps | 1.72% | 1.77% |
| 8 | MD | -2 bps | 1.37% | 1.38% |
| 9 | MO | -2 bps | 1.80% | 1.82% |
| 10 | MS | -1 bps | 1.43% | 1.44% |
Top 10 State Losers
Showcases the top 10 Muni State “Losers” based on yield movements between 7/23/21 – 7/30/21
| RANK | STATE | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | KS | 67 bps | 2.41% | 1.74% |
| 2 | DC | 43 bps | 1.82% | 1.39% |
| 3 | OR | 33 bps | 1.79% | 1.46% |
| 4 | AL | 30 bps | 1.85% | 1.55% |
| 5 | FL | 29 bps | 1.58% | 1.29% |
| 6 | IA | 29 bps | 1.69% | 1.40% |
| 7 | HI | 29 bps | 2.47% | 2.18% |
| 8 | PA | 28 bps | 2.18% | 1.90% |
| 9 | DE | 16 bps | 1.47% | 1.31% |
| 10 | CT | 15 bps | 2.17% | 2.02% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 7/23/21 – 7/30/21 (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 7/23/21 – 7/30/21 (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 7/23/21 – 7/30/21 (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 7/23/21 – 7/30/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 7/23/21 vs. the week ending 7/30/21
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | UTIL DEBT SEC AUTH | 5.00% | 12/15/39 | 35 | 83 | 48 | 137% |
| 2 | MET TRANS AUTH-C1-REF | 5.00% | 11/15/29 | 54 | 98 | 44 | 81% |
| 3 | UTIL DEBT SEC AUTH | 5.00% | 12/15/41 | 55 | 94 | 39 | 71% |
| 4 | TEXAS ST WTR DEV BRD | 4.00% | 04/15/51 | 52 | 90 | 38 | 73% |
| 5 | OAK GROVE SD -REF | 2.70% | 08/01/37 | 12 | 50 | 38 | 317% |
| 6 | OAK GROVE SD -REF | 2.40% | 08/01/34 | 12 | 50 | 38 | 317% |
| 7 | OAK GROVE SD -REF | 2.50% | 08/01/35 | 12 | 50 | 38 | 317% |
| 8 | OAK GROVE SD -REF | 2.60% | 08/01/36 | 12 | 50 | 38 | 317% |
| 9 | MET TRANSPRTN AUTH NY | 5.00% | 11/15/27 | 10 | 46 | 36 | 360% |
| 10 | AMER MUN PWR | 5.80% | 02/15/28 | 10 | 44 | 34 | 340% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 7/23/21 – 7/30/21
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | MASSACHUSETTS ST DEV | 5.00% | 07/01/55 | 32 |
| 2 | NEW JERSEY ST TURNPIK | 4.00% | 01/01/51 | 32 |
| 3 | NYC MUNI WTR FIN-AA-1 | 4.00% | 06/15/51 | 32 |
| 4 | PORT OF SEATTLE WA-C | 5.00% | 08/01/46 | 28 |
| 5 | BLACK BELT ENERGY GAS | 4.00% | 06/01/51 | 27 |
| 6 | UPPER TRINITY REGL | 3.00% | 08/01/51 | 26 |
| 7 | LIVONIA MI PUBLIC SD | 4.00% | 05/01/36 | 25 |
| 8 | SAN ANTONIO -A-REF | 4.00% | 05/15/38 | 25 |
| 9 | LOS ANGELES ARPTS-B | 5.00% | 05/15/48 | 25 |
| 10 | WELD CO SD #6 | 4.00% | 12/01/45 | 25 |
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