Municipal Bond Market Summary – Week Ending 9/24/21
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Municipal Bond Market Summary: Week Ending 9/24/21
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 9/17/21 – 9/24/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | PR BLDG-I-GOVT FACS | 5.00% | 07/01/36 | 3.63% | 97.15 | 93.75 |
| 2 | CHICAGO-B-TXBL | 6.03% | 01/01/42 | 3.35% | 130.63 | 126.40 |
| 3 | GLOUCESTER -REF | 2.00% | 09/15/37 | 3.16% | 102.05 | 98.92 |
| 4 | CT ST HLTH EDU FACS | 2.87% | 07/01/51 | 2.42% | 102.74 | 100.31 |
| 5 | VA ST RESOURCES AUTH | 2.00% | 11/01/36 | 2.19% | 97.82 | 95.73 |
| 6 | CLARION AREA SD-REF | 2.00% | 06/01/31 | 1.86% | 104.42 | 102.51 |
| 7 | NEW JERSEY ST HLTH-A | 3.51% | 07/01/50 | 1.80% | 106.06 | 104.18 |
| 8 | CARVER CO CMNTY DEV | 2.00% | 02/01/39 | 1.64% | 102.03 | 100.38 |
| 9 | HAWAII ST-FZ | 2.07% | 08/01/35 | 1.53% | 98.86 | 97.36 |
| 10 | CHICAGO-B-REF-BAM-TCR | 5.43% | 01/01/42 | 1.31% | 126.62 | 124.98 |
Top 10 Losers
Showcases the top 10 Muni Bond “Losers” based on price movements between 9/17/21 – 9/24/21
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W |
|---|---|---|---|---|---|---|
| 1 | RHODE ISLAND TPK AUTH | 3.46% | 12/01/39 | -3.02% | 104.12 | 107.36 |
| 2 | CALIFORNIA-B-BABS | 6.51% | 04/01/39 | -3.01% | 100.39 | 103.50 |
| 3 | CAPITAL TRUST AGY FL | 5.00% | 01/01/56 | -2.74% | 115.10 | 118.34 |
| 4 | NEW YORK ST URBAN DEV | 4.00% | 03/15/38 | -2.62% | 118.21 | 121.39 |
| 5 | CSCDA CMNTY IMPT AUTH | 3.00% | 03/01/57 | -2.46% | 97.12 | 99.57 |
| 6 | NJ HLTH CARE FACS FIN | 2.38% | 07/01/46 | -2.29% | 96.00 | 98.25 |
| 7 | HACKENSACK | 2.00% | 09/01/40 | -2.21% | 95.44 | 97.60 |
| 8 | WV PARKWAYS AUTH | 3.75% | 06/01/48 | -2.13% | 111.84 | 114.28 |
| 9 | PENNSYLVANIA ST HGR E | 3.73% | 07/15/43 | -2.13% | 104.37 | 106.65 |
| 10 | PENNSYLVANIA ST UNIV | 2.25% | 09/01/30 | -2.13% | 102.62 | 104.85 |
Top 10 State Winners
Showcases the top 10 Muni State “Winners” based on yield movements between 9/17/21 – 9/24/21
| RANK | STATE | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | NE | -22 bps | 1.57% | 1.80% |
| 2 | OK | -22 bps | 1.74% | 1.96% |
| 3 | MN | -17 bps | 1.86% | 2.03% |
| 4 | IL | -16 bps | 2.15% | 2.31% |
| 5 | NV | -16 bps | 1.50% | 1.65% |
| 6 | CT | -11 bps | 2.07% | 2.18% |
| 7 | KS | -11 bps | 1.96% | 2.07% |
| 8 | GA | -10 bps | 1.53% | 1.63% |
| 9 | WI | -9 bps | 2.09% | 2.19% |
| 10 | MO | -8 bps | 2.15% | 2.23% |
Top 10 State Losers
Showcases the top 10 Muni State “Losers” based on yield movements between 9/17/21 – 9/24/21
| RANK | STATE | CHANGE | YLD | YLD-1W |
|---|---|---|---|---|
| 1 | VA | 22 bps | 1.74% | 1.52% |
| 2 | WV | 19 bps | 1.44% | 1.25% |
| 3 | MI | 16 bps | 2.12% | 1.96% |
| 4 | AL | 13 bps | 1.89% | 1.75% |
| 5 | OR | 13 bps | 2.00% | 1.88% |
| 6 | MA | 12 bps | 2.41% | 2.29% |
| 7 | NJ | 12 bps | 2.40% | 2.28% |
| 8 | MD | 11 bps | 1.76% | 1.65% |
| 9 | CO | 11 bps | 1.56% | 1.45% |
| 10 | DE | 10 bps | 1.51% | 1.41% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 9/17/21 – 9/24/21 (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 9/17/21 – 9/24/21 (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 9/17/21 – 9/24/21 (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 9/17/21 – 9/24/21
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 9/17/21 vs. the week ending 9/24/21
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
|---|---|---|---|---|---|---|---|
| 1 | SAN DIEGO PUB FACS-A | 5.00% | 10/15/34 | 2 | 57 | 55 | 2750% |
| 2 | PERRIS UN HSD-C | 4.00% | 09/01/34 | 2 | 56 | 54 | 2700% |
| 3 | PERRIS CA UNION HSD-A | 4.00% | 09/01/36 | 2 | 56 | 54 | 2700% |
| 4 | PERRIS CA UNION HSD-A | 4.00% | 09/01/37 | 2 | 56 | 54 | 2700% |
| 5 | SAN FRANCISCO CA BAY | 4.00% | 08/01/35 | 4 | 57 | 53 | 1325% |
| 6 | NY ST THRUWAY AUTH PE | 5.00% | 03/15/31 | 17 | 68 | 51 | 300% |
| 7 | SAN LEANDRO UNIF SD | 4.00% | 08/01/34 | 2 | 52 | 50 | 2500% |
| 8 | SAN FRANCISCO CA BAY | 4.00% | 08/01/34 | 12 | 62 | 50 | 417% |
| 9 | PARAMOUNT USD -C-REF | 4.00% | 08/01/38 | 9 | 58 | 49 | 544% |
| 10 | W VLY-MISSION CLG-A | 4.00% | 08/01/34 | 2 | 51 | 49 | 2450% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 9/17/21 – 9/24/21
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
|---|---|---|---|---|
| 1 | CA HLTH FACS-A2 | 5.00% | 11/01/47 | 28 |
| 2 | WASHINGTON ST -A | 5.00% | 08/01/40 | 28 |
| 3 | MARYLAND ST 2ND SER A | 5.00% | 08/01/34 | 27 |
| 4 | NEW YORK -A-1 | 5.00% | 08/01/47 | 27 |
| 5 | TN ENERGY ACQ CORP-A | 5.00% | 05/01/52 | 27 |
| 6 | NEW JERSEY ST-A | 5.00% | 06/01/28 | 26 |
| 7 | PA ECON DEV FING-A | 4.00% | 10/15/51 | 22 |
| 8 | LA CA DEPT OF ARPTS | 5.00% | 05/15/31 | 22 |
| 9 | TRIBOROUGH BRIDGE-B-1 | 5.00% | 05/15/56 | 22 |
| 10 | WASHINGTON ST -C | 5.00% | 02/01/38 | 21 |
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