We are excited to launch a weekly newsletter to highlight trends in the Municipal Bond market. Our newsletter presents key trends derived from observable Municipal Bond pricing data over a weekly period.
- Top 10 Muni Bond Winners & Losers
- Top 10 Muni State Winners & Losers
- 10 Yr Yield by State - All Muni
- 10 Yr Yield by State - GO Only
- 10 Yr Yield by State - REV Only
- Market Sentiment
- Top Quote Volume Movers
- Most Quoted Municipal Bonds
| TOP 10 BOND WINNERS |
| Rank |
Bond Name |
Coupon |
Maturity |
Chg |
Price |
Price - 1W |
| 1 |
CLEVELAND OH-A |
3.00% |
12/01/43 |
5.28% |
104.27 |
99.05 |
| 2 |
DENVER ARPT |
6.41% |
11/15/39 |
5.23% |
139.94 |
132.99 |
| 3 |
PHOENIX IMPT-CAP-BHAC |
5.50% |
07/01/41 |
4.68% |
154.22 |
147.33 |
| 4 |
BALDWIN PARK CA UNIF |
4.00% |
08/01/39 |
4.45% |
117.76 |
112.74 |
| 5 |
RI STUD LN AUTH-1 |
4.28% |
12/01/34 |
4.32% |
108.82 |
104.31 |
| 6 |
MCKINNEY CMNTY DEV |
4.12% |
08/15/35 |
4.10% |
108.57 |
104.29 |
| 7 |
TUCSON COPS-TXB-BABS |
6.75% |
07/01/30 |
3.59% |
132.24 |
127.66 |
| 8 |
ATLANTA TAX ALLOC-D |
5.00% |
01/01/27 |
3.49% |
124.88 |
120.66 |
| 9 |
FOOTHILL E TRANSP-B2 |
5.00% |
01/15/53 |
3.43% |
105.25 |
101.75 |
| 10 |
CAPITAL TRUST AGY-B |
6.00% |
07/01/54 |
3.38% |
104.67 |
101.25 |
| TOP 10 BOND LOSERS |
| Rank |
Bond Name |
Coupon |
Maturity |
Chg |
Price |
Price - 1W |
| 1 |
MONTGOMERY HSG-D |
3.00% |
07/01/32 |
-7.27% |
102.97 |
111.04 |
| 2 |
DENTON-CTFS OBLIG |
4.00% |
02/15/45 |
-7.19% |
110.29 |
118.84 |
| 3 |
NEW HOPE CULT EDU-B |
5.00% |
07/01/46 |
-4.08% |
107.41 |
111.98 |
| 4 |
MET TRN AUTH-A2-BABS |
6.09% |
11/15/40 |
-3.48% |
137.78 |
142.75 |
| 5 |
EMPLOYEES RETIREMT-A |
6.15% |
07/01/38 |
-3.08% |
46.58 |
48.06 |
| 6 |
CAP TRUST AGY -A |
3.00% |
07/01/54 |
-2.84% |
96.25 |
99.06 |
| 7 |
JESSAMINE CO SD FIN |
3.00% |
06/01/28 |
-2.81% |
106.36 |
109.43 |
| 8 |
POLK CNTY OR HOSP FAC |
5.38% |
07/01/45 |
-2.80% |
104.13 |
107.13 |
| 9 |
BAY AREA TOLL-S1 |
7.04% |
04/01/50 |
-2.71% |
169.87 |
174.61 |
| 10 |
REGL TRNSP DIST-BABS |
5.84% |
11/01/50 |
-2.60% |
152.58 |
156.65 |
- Showcases the top 10 Muni Bond "Winners" and "Losers" based on price movements between 8/16/19 - 8/23/19
| TOP 10 STATE WINNERS |
| Rank |
State Name |
Chg |
Yld |
Yld - 1W |
| 1 |
HI |
-36 bps |
1.73% |
2.08% |
| 2 |
MA |
-18 bps |
1.75% |
1.93% |
| 3 |
NC |
-8 bps |
1.60% |
1.68% |
| 4 |
SC |
-2 bps |
2.08% |
2.10% |
| 5 |
OH |
-1 bps |
2.16% |
2.17% |
| 6 |
IL |
1 bps |
3.22% |
3.21% |
| 7 |
MD |
2 bps |
1.89% |
1.87% |
| 8 |
IA |
3 bps |
1.95% |
1.92% |
| 9 |
VA |
5 bps |
1.70% |
1.65% |
| 10 |
KY |
5 bps |
2.30% |
2.25% |
| TOP 10 STATE LOSERS |
| Rank |
State Name |
Chg |
Yld |
Yld - 1W |
| 1 |
AZ |
113 bps |
2.90% |
1.78% |
| 2 |
CO |
63 bps |
2.13% |
1.49% |
| 3 |
AL |
37 bps |
2.21% |
1.83% |
| 4 |
AR |
31 bps |
2.42% |
2.12% |
| 5 |
KS |
30 bps |
2.21% |
1.91% |
| 6 |
CT |
30 bps |
2.39% |
2.09% |
| 7 |
CA |
28 bps |
2.13% |
1.85% |
| 8 |
PA |
27 bps |
2.28% |
2.01% |
| 9 |
MN |
26 bps |
1.87% |
1.61% |
| 10 |
MO |
26 bps |
2.06% |
1.80% |
- Showcases the top 10 Muni State "Winners" and "Losers" based on yield movements between 8/16/19 - 8/23/19
- Displays the average Muni 10 year yield by state between 8/16/19 - 8/23/19 (General Obligation and Revenue Bonds)
- Results are based on 5 select states, however, we offer data across all 50 states and U.S. territories
- Displays the average Muni 10 year yield by state between 8/16/19 - 8/23/19 (General Obligation Bonds only)
- Results are based on 5 select states, however, we offer data across all 50 states and U.S. territories
- Displays the average Muni 10 year yield by state between 8/16/19 - 8/23/19 (Revenue Bonds only)
- Results are based on 5 select states, however, we offer data across all 50 states and U.S. territories
- Reveals the percent of Muni bonds increasing in price (Advancers) vs. decreasing in price (Decliners) between 8/16/19 - 8/23/19
| TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK |
| RANK |
TRANCHE |
COUPON |
MATURITY |
PRIOR WEEK
|
THIS WEEK
|
INCREASE |
% INCREASE |
| 1 |
UNIV OF TEXAS TX-REF |
4.00% |
08/15/37 |
26 |
69 |
43 |
165% |
| 2 |
NJ TRANSPRTN TRUST-A |
5.00% |
12/15/28 |
7 |
43 |
36 |
514% |
| 3 |
WASHINGTON ST CONVENT |
5.00% |
07/01/58 |
37 |
68 |
31 |
84% |
| 4 |
PITTSBURGH PA WTR & S |
5.00% |
09/01/26 |
37 |
65 |
28 |
76% |
| 5 |
SAN ANTONIO-REF |
5.00% |
08/01/29 |
18 |
45 |
27 |
150% |
| 6 |
MET TRANS AUTH-C1-REF |
5.00% |
11/15/34 |
20 |
45 |
25 |
125% |
| 7 |
PENNSYLVANIA-2ND |
5.00% |
09/15/27 |
16 |
40 |
24 |
150% |
| 8 |
NJ TRANSPRTN TRUST-A |
5.00% |
12/15/36 |
16 |
40 |
24 |
150% |
| 9 |
RAMPART RANGE MET |
5.00% |
12/01/47 |
30 |
53 |
23 |
77% |
| 10 |
BALTIMORE CONVTN-REF |
5.00% |
09/01/36 |
7 |
30 |
23 |
329% |
- Exhibits the Munis with the largest increase in quote volume for the week ending 8/16/19 vs. the week ending 8/23/19
| MOST QUOTED MUNIS |
| RANK |
TRANCHE |
COUPON |
MATURITY |
DEALERS |
| 1 |
SAN JOSE -A-1 |
5.00% |
09/01/47 |
17 |
| 2 |
WASHINGTON ST CONVENT |
5.00% |
07/01/58 |
14 |
| 3 |
KANSAS CITY ARPT-B |
5.00% |
03/01/46 |
14 |
| 4 |
UNIV OF TEXAS TX-REF |
4.00% |
08/15/37 |
14 |
| 5 |
PITTSBURGH PA WTR & S |
5.00% |
09/01/26 |
13 |
| 6 |
VIRGINIA-A-REF |
5.00% |
06/01/24 |
13 |
| 7 |
OHIO ST-A |
5.00% |
05/01/27 |
13 |
| 8 |
NYC TRANS FIN-F1 |
5.00% |
05/01/31 |
13 |
| 9 |
MO HWYS-A-REF-1ST |
5.00% |
05/01/24 |
12 |
| 10 |
MARTIN CO -SALES TAX |
4.00% |
07/01/34 |
12 |
- Ranks the Munis that were quoted by the highest number of dealers between 8/16/19 - 8/23/19
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