Municipal Bond Market Summary – Week Ending 9/17/21
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Municipal Bond Market Summary: Week Ending 9/17/21
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 9/10/21 – 9/17/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | BAPTIST HLTH-A-TXBL | 5.50% | 11/15/43 | 2.99% | 133.26 | 129.38 |
| 2 | PR-REF-A | 5.00% | 07/01/21 | 2.95% | 82.61 | 80.25 |
| 3 | SALES TAX SECURITIZAT | 3.82% | 01/01/48 | 2.72% | 116.80 | 113.70 |
| 4 | VINTON-TECUMSEH SCH-A | 3.13% | 07/15/37 | 1.94% | 110.23 | 108.13 |
| 5 | LANCASTER SCH DT-A | 2.84% | 08/01/38 | 1.54% | 102.04 | 100.50 |
| 6 | PALM SPRINGS USD-REF | 4.00% | 08/01/30 | 1.51% | 116.63 | 114.90 |
| 7 | MICHIGAN ST UNIV-A | 4.50% | 08/15/48 | 1.50% | 117.00 | 115.28 |
| 8 | UNIV OF VIRGINIA VA U | 2.58% | 11/01/51 | 1.43% | 103.66 | 102.20 |
| 9 | PERRIS UN HSD-C | 4.00% | 09/01/35 | 1.42% | 123.53 | 121.80 |
| 10 | GIRARD SD-B-REF-TXBL | 3.01% | 11/15/44 | 1.40% | 104.42 | 102.98 |
Top 10 Losers
Showcases the top 10 Muni Bond “Losers” based on price movements between 9/10/21 – 9/17/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | NEW YORK CITY NY INDL | 2.34% | 01/01/35 | -5.91% | 93.34 | 99.21 |
| 2 | TAMPA-HILLSBOROUGH | 2.69% | 07/01/37 | -2.92% | 99.12 | 102.10 |
| 3 | WYANDOTTE CO UNIF-B | 2.68% | 09/01/37 | -2.54% | 99.43 | 102.03 |
| 4 | GEORGIA ST -B -GROUP | 1.80% | 08/01/37 | -2.26% | 96.78 | 99.02 |
| 5 | HOT SPRINGS AR WTR RE | 4.00% | 10/01/30 | -2.13% | 125.68 | 128.41 |
| 6 | NEW ORLEANS LA WTR RE | 2.14% | 12/01/33 | -1.96% | 98.85 | 100.83 |
| 7 | BETHEL SD #52-A-CABS | 0.00% | 06/15/45 | -1.93% | 55.04 | 56.12 |
| 8 | WILKES-BARRE PA AREA | 4.00% | 04/15/49 | -1.90% | 114.92 | 117.15 |
| 9 | DUTCHESS CO LOC DEV C | 2.00% | 09/01/36 | -1.67% | 98.11 | 99.78 |
| 10 | PETALUMA PUB FIN AUTH | 2.00% | 05/01/40 | -1.56% | 96.54 | 98.07 |
Top 10 State Winners
Showcases the top 10 Muni State “Winners” based on yield movements between 9/10/21 – 9/17/21
| RANK | STATE | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | WI | -27 bps | 2.23% | 2.49% |
| 2 | MD | -24 bps | 1.65% | 1.90% |
| 3 | DC | -22 bps | 1.90% | 2.12% |
| 4 | WV | -14 bps | 1.25% | 1.39% |
| 5 | AL | -7 bps | 1.75% | 1.83% |
| 6 | NV | -7 bps | 1.65% | 1.72% |
| 7 | CO | -7 bps | 1.46% | 1.53% |
| 8 | TX | -5 bps | 2.19% | 2.24% |
| 9 | MS | -3 bps | 1.52% | 1.55% |
| 10 | NH | -2 bps | 1.53% | 1.54% |
Top 10 State Losers
Showcases the top 10 Muni State “Losers” based on yield movements between 9/10/21 – 9/17/21
| RANK | STATE | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | NJ | 45 bps | 2.28% | 1.84% |
| 2 | WA | 38 bps | 2.31% | 1.93% |
| 3 | KS | 37 bps | 2.07% | 1.70% |
| 4 | MN | 32 bps | 2.03% | 1.71% |
| 5 | GA | 30 bps | 1.65% | 1.35% |
| 6 | OK | 27 bps | 2.00% | 1.73% |
| 7 | IL | 22 bps | 2.30% | 2.08% |
| 8 | PA | 17 bps | 2.25% | 2.08% |
| 9 | CT | 16 bps | 2.18% | 2.03% |
| 10 | MI | 15 bps | 1.96% | 1.81% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 9/10/21 – 9/17/21 (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 9/10/21 – 9/17/21 (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 9/10/21 – 9/17/21 (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 9/10/21 – 9/17/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 9/10/21 vs. the week ending 9/17/21
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | MET WASHINGTON DC ARP | 4.00% | 10/01/38 | 6 | 53 | 47 | 783% |
| 2 | MIAMI DADE CNTY-A | 4.00% | 07/01/37 | 35 | 80 | 45 | 129% |
| 3 | TEXAS ST PRIV ACTIVIT | 4.00% | 06/30/40 | 5 | 48 | 43 | 860% |
| 4 | MARYLAND ST ECON DEV | 4.00% | 09/01/50 | 15 | 56 | 41 | 273% |
| 5 | MIAMI DADE CNTY-A | 4.00% | 07/01/34 | 34 | 75 | 41 | 121% |
| 6 | NEW YORK NY | 5.00% | 03/01/36 | 27 | 66 | 39 | 144% |
| 7 | CONNECTICUT ST HSG FI | 2.00% | 11/15/36 | 51 | 90 | 39 | 76% |
| 8 | CONNECTICUT ST HSG FI | 2.00% | 11/15/36 | 47 | 85 | 38 | 81% |
| 9 | FLORIDA ST DOT-A-REF | 4.00% | 07/01/32 | 6 | 44 | 38 | 633% |
| 10 | CALIFORNIA ST HLTH FA | 2.13% | 11/01/41 | 4 | 42 | 38 | 950% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 9/10/21 – 9/17/21
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | CA HLTH FACS-A2 | 5.00% | 11/01/47 | 27 |
| 2 | NEW JERSEY ST-A | 5.00% | 06/01/28 | 27 |
| 3 | TN ENERGY ACQ CORP-A | 5.00% | 05/01/52 | 26 |
| 4 | NYC MUNI WTR FIN-AA-1 | 4.00% | 06/15/51 | 25 |
| 5 | ILLINOIS ST FIN AUTH | 4.00% | 07/01/37 | 24 |
| 6 | NORFOLK -A | 5.00% | 03/01/33 | 24 |
| 7 | WASHINGTON ST -A | 5.00% | 08/01/40 | 24 |
| 8 | MET WASHINGTON DC ARP | 4.00% | 10/01/51 | 22 |
| 9 | CALIFORNIA ST HLTH FA | 4.00% | 04/01/45 | 22 |
| 10 | NYC TRANSITIONAL-S-1A | 4.00% | 07/15/37 | 22 |
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