Municipal Bond Market Summary – Week Ending 7/31/20
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Municipal Bond Market Summary: Week Ending 7/31/20
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 7/24/20 – 7/31/20
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | RIM WORLD USD-C-CABS | 0.00% | 08/01/40 | 4.93% | 61.84 | 58.94 |
| 2 | EL MONTE SD-B-CABS | 0.00% | 08/01/40 | 3.20% | 62.28 | 60.35 |
| 3 | SAN DIEGO SD CAB-A | 0.00% | 07/01/31 | 2.99% | 85.17 | 82.70 |
| 4 | ILLINOIS ST-TXBL-AGM | 5.65% | 12/01/38 | 2.98% | 121.07 | 117.56 |
| 5 | PORT OF PORTLAND-25B | 5.00% | 07/01/39 | 2.92% | 123.50 | 120.00 |
| 6 | CALIFORNIA STWD CMNTY | 4.00% | 04/01/38 | 2.84% | 118.81 | 115.53 |
| 7 | INGLEWOOD USD-C | 4.00% | 08/01/27 | 2.58% | 122.07 | 119.00 |
| 8 | SAN YSIDRO SD-REF | 5.00% | 09/01/26 | 2.49% | 121.36 | 118.41 |
| 9 | CALEXICO FIN AUTH-A | 4.00% | 11/01/35 | 2.28% | 122.83 | 120.10 |
| 10 | BENTON CO-A | 3.00% | 06/01/42 | 2.15% | 112.24 | 109.87 |
Top 10 Losers
Showcases the top 10 Muni Bond “Losers” based on price movements between 7/24/20 – 7/31/20
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | WISEBURN SD-CABS | 0.00% | 08/01/30 | -2.47% | 84.91 | 87.05 |
| 2 | ANAHEIM REDEV-REF-B | 6.51% | 02/01/31 | -2.40% | 128.24 | 131.40 |
| 3 | ST LOUIS CO -REV -B – | 2.70% | 12/01/50 | -2.23% | 96.76 | 98.97 |
| 4 | MET TRANS AUTH-B | 4.00% | 11/15/29 | -2.10% | 102.29 | 104.48 |
| 5 | GARFIELD CNTY OK BABS | 6.00% | 09/01/24 | -1.82% | 113.52 | 115.63 |
| 6 | STHCENTRL PA GEN AUTH | 5.00% | 11/01/29 | -1.66% | 120.17 | 122.20 |
| 7 | OHIO CO-REF-TXBL-FT | 5.25% | 03/01/31 | -1.57% | 101.82 | 103.44 |
| 8 | CO EDUCTNL & CULTURAL | 4.00% | 03/01/26 | -1.33% | 104.20 | 105.60 |
| 9 | ONONDAGA CO NY WTR-A | 5.00% | 09/15/33 | -1.24% | 133.70 | 135.38 |
| 10 | DENTON CO MUD#6 | 2.13% | 09/01/42 | -1.15% | 97.22 | 98.35 |
Top 10 State Winners
Showcases the top 10 Muni State “Winners” based on yield movements between 7/24/20 – 7/31/20
| RANK | STATE | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | IA | -47 bps | 1.38% | 1.85% |
| 2 | SC | -25 bps | 1.52% | 1.77% |
| 3 | DC | -22 bps | 1.02% | 1.25% |
| 4 | MN | -22 bps | 1.17% | 1.39% |
| 5 | NE | -21 bps | 1.03% | 1.24% |
| 6 | AL | -20 bps | 1.34% | 1.53% |
| 7 | FL | -18 bps | 1.08% | 1.26% |
| 8 | HI | -14 bps | 1.60% | 1.74% |
| 9 | WV | -14 bps | 1.03% | 1.17% |
| 10 | OR | -14 bps | 1.55% | 1.68% |
Top 10 State Losers
Showcases the top 10 Muni State “Losers” based on yield movements between 7/24/20 – 7/31/20
| RANK | STATE | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | KS | 38 bps | 1.63% | 1.25% |
| 2 | MT | 38 bps | 1.89% | 1.52% |
| 3 | CO | 32 bps | 1.92% | 1.61% |
| 4 | CT | 28 bps | 2.01% | 1.73% |
| 5 | NC | 25 bps | 1.33% | 1.08% |
| 6 | MI | 19 bps | 1.76% | 1.56% |
| 7 | GA | 16 bps | 1.39% | 1.22% |
| 8 | NM | 16 bps | 1.45% | 1.29% |
| 9 | NJ | 11 bps | 1.65% | 1.54% |
| 10 | PA | 10 bps | 1.78% | 1.67% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 7/24/20 – 7/31/20 (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 7/24/20 – 7/31/20 (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 7/24/20 – 7/31/20 (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 7/24/20 – 7/31/20
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 7/24/20 vs. the week ending 7/31/20
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | BUCKEYE TOBACCO-A-2 | 3.00% | 06/01/48 | 18 | 95 | 77 | 428% |
| 2 | SAN ANTONIO-C-REV | 4.00% | 05/15/50 | 7 | 79 | 72 | 1029% |
| 3 | MARION ETC SD #24J | 5.00% | 06/15/39 | 20 | 82 | 62 | 310% |
| 4 | UNIV OF CALIFORNIA-BE | 5.00% | 05/15/38 | 19 | 72 | 53 | 279% |
| 5 | N TEXAS MUNI WTR DT | 3.00% | 09/01/35 | 19 | 69 | 50 | 263% |
| 6 | NYC TRANSITIONAL-B-1 | 5.00% | 08/01/28 | 17 | 65 | 48 | 282% |
| 7 | FORT SMITH WTR & SWR | 5.00% | 10/01/31 | 23 | 67 | 44 | 191% |
| 8 | CALIFORNIA | 5.00% | 10/01/39 | 28 | 71 | 43 | 154% |
| 9 | VA CLG BLDG-E-REF | 5.00% | 02/01/25 | 20 | 63 | 43 | 215% |
| 10 | N TEXAS MUNI WTR DT | 3.00% | 09/01/36 | 16 | 58 | 42 | 263% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 7/24/20 – 7/31/20
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | LOS ANGELES DEPT-B | 5.00% | 07/01/40 | 38 |
| 2 | NEW YORK CITY NY MUNI | 4.00% | 06/15/50 | 34 |
| 3 | HOUSTON UTL SYS-C-REF | 4.00% | 11/15/37 | 34 |
| 4 | NEW YORK ST URBAN DEV | 4.00% | 03/15/49 | 30 |
| 5 | MASSACHUSETTS ST | 5.00% | 07/01/45 | 30 |
| 6 | MASSACHUSETTS ST | 5.00% | 07/01/48 | 30 |
| 7 | NEW YORK CITY NY MUNI | 4.00% | 06/15/41 | 30 |
| 8 | CONNECTICUT ST | 4.00% | 06/01/39 | 27 |
| 9 | CORPUS CHRISTI TX UTI | 3.00% | 07/15/50 | 27 |
| 10 | PORT AUTH OF NEW YORK | 4.00% | 07/15/38 | 26 |
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