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 |
PHILADELPHIA MUNI-REF |
5.00% |
04/01/37 |
5.12% |
125.99 |
119.85 |
| 2 |
PR COMWLTH IMPT-SER B |
5.25% |
07/01/17 |
5.03% |
73.26 |
69.75 |
| 3 |
PR COMWLTH-REF-A-IMPT |
5.50% |
07/01/18 |
4.82% |
72.65 |
69.31 |
| 4 |
N TX HWY CABS-REF-1ST |
0.00% |
01/01/34 |
3.08% |
71.70 |
69.56 |
| 5 |
VERMONT ST -A |
3.00% |
02/15/39 |
2.78% |
106.92 |
104.03 |
| 6 |
ALAMEDA CORRIDOR-B |
4.00% |
10/01/37 |
2.54% |
113.65 |
110.83 |
| 7 |
WINCHESTER UTIL SYS-A |
3.50% |
07/01/42 |
2.51% |
106.38 |
103.77 |
| 8 |
CA HLTH FACS-A |
5.00% |
08/15/34 |
2.38% |
123.20 |
120.34 |
| 9 |
MET PIER & EXPOSITION |
5.00% |
12/15/25 |
2.36% |
115.83 |
113.16 |
| 10 |
MONTGOMERY CNTY MD-B |
3.00% |
12/01/29 |
2.28% |
106.67 |
104.29 |
| TOP 10 BOND LOSERS |
| Rank |
Bond Name |
Coupon |
Maturity |
Chg |
Price |
Price - 1W |
| 1 |
INLAND EMPIRE TOB-CAB |
0.00% |
06/01/57 |
-14.00% |
6.10 |
7.09 |
| 2 |
CA CMTY DEV AUTH |
6.50% |
06/01/35 |
-6.56% |
57.00 |
61.00 |
| 3 |
CHICAGO WTR-TXB-2ND-B |
6.74% |
11/01/40 |
-3.12% |
140.19 |
144.71 |
| 4 |
MD HLTH & HGR EDU-A |
3.75% |
05/15/47 |
-2.81% |
102.95 |
105.92 |
| 5 |
BOULDER-COPS |
2.60% |
11/01/33 |
-2.75% |
97.75 |
100.52 |
| 6 |
AMERN MUN PWR-C |
6.05% |
02/15/43 |
-2.74% |
139.27 |
143.20 |
| 7 |
MET TRANS AUTH |
6.67% |
11/15/39 |
-2.59% |
144.53 |
148.38 |
| 8 |
FLAGLER CO SCH BRD-A |
5.00% |
08/01/28 |
-2.59% |
115.98 |
119.07 |
| 9 |
VIRGINIA ST HSG DEV A |
3.30% |
10/01/54 |
-2.47% |
98.06 |
100.55 |
| 10 |
AMERN MUN PWR-B-BABS |
6.45% |
02/15/44 |
-2.42% |
143.21 |
146.76 |
- Showcases the top 10 Muni Bond "Winners" and "Losers" based on price movements between 10/4/19 - 10/11/19
| TOP 10 STATE WINNERS |
| Rank |
State Name |
Chg |
Yld |
Yld - 1W |
| 1 |
AZ |
-83 bps |
2.12% |
2.95% |
| 2 |
UT |
-43 bps |
1.68% |
2.11% |
| 3 |
MI |
-19 bps |
2.25% |
2.44% |
| 4 |
PA |
-17 bps |
2.15% |
2.32% |
| 5 |
AL |
-10 bps |
2.09% |
2.19% |
| 6 |
CA |
-7 bps |
2.06% |
2.13% |
| 7 |
TX |
-6 bps |
2.06% |
2.12% |
| 8 |
KY |
-6 bps |
2.34% |
2.39% |
| 9 |
NJ |
-4 bps |
1.89% |
1.94% |
| 10 |
SC |
-4 bps |
1.88% |
1.92% |
| TOP 10 STATE LOSERS |
| Rank |
State Name |
Chg |
Yld |
Yld - 1W |
| 1 |
IN |
34 bps |
2.24% |
1.89% |
| 2 |
MT |
29 bps |
1.96% |
1.66% |
| 3 |
IA |
28 bps |
2.11% |
1.83% |
| 4 |
MD |
26 bps |
2.08% |
1.82% |
| 5 |
RI |
26 bps |
2.23% |
1.97% |
| 6 |
NV |
24 bps |
2.13% |
1.88% |
| 7 |
WI |
18 bps |
2.08% |
1.90% |
| 8 |
GA |
17 bps |
2.04% |
1.87% |
| 9 |
MA |
16 bps |
1.92% |
1.76% |
| 10 |
ME |
15 bps |
1.94% |
1.79% |
- Showcases the top 10 Muni State "Winners" and "Losers" based on yield movements between 10/4/19 - 10/11/19
- Displays the average Muni 10 year yield by state between 10/4/19 - 10/11/19 (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 10/4/19 - 10/11/19 (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 10/4/19 - 10/11/19 (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 10/4/19 - 10/11/19
| TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK |
| RANK |
TRANCHE |
COUPON |
MATURITY |
PRIOR WEEK
|
THIS WEEK
|
INCREASE |
% INCREASE |
| 1 |
DALLAS CO TX HOSP DIS |
5.00% |
08/15/29 |
1 |
39 |
38 |
3800% |
| 2 |
MI FIN AUTH-A-REF |
5.00% |
12/01/28 |
3 |
33 |
30 |
1000% |
| 3 |
DALLAS CO TX HOSP DIS |
5.00% |
08/15/30 |
2 |
29 |
27 |
1350% |
| 4 |
CAP TRUST AGY-A |
5.25% |
12/01/43 |
4 |
29 |
25 |
625% |
| 5 |
MASSACHUSETTS ST-G |
5.00% |
09/01/26 |
14 |
38 |
24 |
171% |
| 6 |
LOS ANGELES WTR PWR-A |
5.00% |
07/01/49 |
20 |
44 |
24 |
120% |
| 7 |
PORT AUTH OF NEW YORK |
5.00% |
09/01/36 |
9 |
33 |
24 |
267% |
| 8 |
MET ST LOUIS SWR DIST |
5.00% |
05/01/28 |
4 |
27 |
23 |
575% |
| 9 |
CA EDUCTNL FACS AUT-A |
5.00% |
10/01/46 |
3 |
26 |
23 |
767% |
| 10 |
LONG ISLAND NY PWR AU |
4.00% |
09/01/34 |
12 |
35 |
23 |
192% |
- Exhibits the Munis with the largest increase in quote volume for the week ending 10/4/19 vs. the week ending 10/11/19
| MOST QUOTED MUNIS |
| RANK |
TRANCHE |
COUPON |
MATURITY |
DEALERS |
| 1 |
NEW JERSEY ST TRANSPR |
3.50% |
06/15/46 |
13 |
| 2 |
RESTRUCTURED-SER A-2 |
4.33% |
07/01/40 |
12 |
| 3 |
NEW JERSEY ST TRANSPR |
3.25% |
06/15/39 |
12 |
| 4 |
CALIFORNIA |
5.00% |
10/01/39 |
11 |
| 5 |
TEXAS ST WTR DEV BRD |
4.00% |
10/15/49 |
11 |
| 6 |
TEXAS ST WTR DEV BRD |
4.00% |
10/15/44 |
11 |
| 7 |
MASSACHUSETTS ST DEPT |
5.00% |
01/01/30 |
11 |
| 8 |
PR SALES TAX FING-A1 |
5.00% |
07/01/58 |
11 |
| 9 |
MARYLAND ST-2ND SER A |
5.00% |
08/01/31 |
11 |
| 10 |
OH WTR DEV AUTH |
5.00% |
12/01/29 |
10 |
- Ranks the Munis that were quoted by the highest number of dealers between 10/4/19 - 10/11/19
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