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 |
MICHIGAN ST FIN AUTH |
4.92% |
11/01/39 |
14.53% |
124.38 |
108.60 |
| 2 |
REF-SER DDD-RSA-1 |
5.00% |
07/01/19 |
5.56% |
78.38 |
74.25 |
| 3 |
PR HWY/TRN-G-UNREF |
5.00% |
07/01/33 |
4.71% |
39.56 |
37.78 |
| 4 |
PR COMWLTH-IMPT-A |
5.50% |
07/01/21 |
4.12% |
87.98 |
84.50 |
| 5 |
SONOMA PENSION-TXB-A |
5.07% |
12/01/22 |
3.70% |
104.95 |
101.20 |
| 6 |
CHICAGO BRD OF ED |
6.52% |
12/01/40 |
3.63% |
114.75 |
110.73 |
| 7 |
ID BLDG TXB-SER B |
5.98% |
09/01/29 |
3.05% |
123.36 |
119.71 |
| 8 |
PUERTO RICO-REF-E |
5.63% |
07/01/32 |
2.86% |
70.50 |
68.54 |
| 9 |
PR ELEC |
5.25% |
07/01/26 |
2.49% |
80.20 |
78.25 |
| 10 |
PR COMWLTH SER A |
5.25% |
07/01/29 |
2.36% |
72.97 |
71.29 |
| TOP 10 BOND LOSERS |
| Rank |
Bond Name |
Coupon |
Maturity |
Chg |
Price |
Price - 1W |
| 1 |
CHICAGO-TXB-B-BABS |
7.52% |
01/01/40 |
-5.67% |
141.57 |
150.08 |
| 2 |
NE PUB PWR-GEN-A-BABS |
5.42% |
01/01/43 |
-5.26% |
125.09 |
132.04 |
| 3 |
MONTCLAIR TWP-A-REF |
5.00% |
01/01/26 |
-4.81% |
115.42 |
121.25 |
| 4 |
DALLAS-FORT WORTH-A |
3.14% |
11/01/45 |
-4.74% |
101.27 |
106.31 |
| 5 |
BUCKEYE TOB CAB-1ST-B |
0.00% |
06/01/47 |
-4.69% |
6.20 |
6.50 |
| 6 |
MARYLAND STADIUM AUTH |
3.71% |
03/01/39 |
-4.66% |
108.73 |
114.04 |
| 7 |
MO ST HLTH & EDU FACS |
3.65% |
01/15/46 |
-4.42% |
110.18 |
115.27 |
| 8 |
KANE CO SD #131-B |
4.15% |
06/01/41 |
-4.38% |
107.61 |
112.54 |
| 9 |
UNIV CA REVS-BABS |
5.95% |
05/15/45 |
-4.31% |
136.92 |
143.08 |
| 10 |
NY URBAN DEV CORP-A |
5.00% |
03/15/30 |
-4.25% |
122.93 |
128.39 |
- Showcases the top 10 Muni Bond "Winners" and "Losers" based on price movements between 9/6/19 - 9/13/19
| TOP 10 STATE WINNERS |
| Rank |
State Name |
Chg |
Yld |
Yld - 1W |
| 1 |
AR |
-31 bps |
2.22% |
2.54% |
| 2 |
OH |
-24 bps |
2.10% |
2.34% |
| 3 |
CO |
-16 bps |
2.04% |
2.20% |
| 4 |
MT |
-7 bps |
1.86% |
1.93% |
| 5 |
CT |
-7 bps |
2.17% |
2.24% |
| 6 |
IL |
-6 bps |
3.11% |
3.17% |
| 7 |
SC |
-5 bps |
2.02% |
2.07% |
| 8 |
WI |
4 bps |
2.17% |
2.13% |
| 9 |
KS |
5 bps |
2.47% |
2.42% |
| 10 |
TX |
5 bps |
2.19% |
2.14% |
| TOP 10 STATE LOSERS |
| Rank |
State Name |
Chg |
Yld |
Yld - 1W |
| 1 |
KY |
26 bps |
2.58% |
2.31% |
| 2 |
MS |
26 bps |
2.13% |
1.88% |
| 3 |
MD |
24 bps |
2.17% |
1.93% |
| 4 |
MA |
24 bps |
2.00% |
1.77% |
| 5 |
AL |
16 bps |
2.44% |
2.28% |
| 6 |
IA |
15 bps |
2.05% |
1.90% |
| 7 |
VA |
15 bps |
1.81% |
1.66% |
| 8 |
WA |
14 bps |
2.07% |
1.93% |
| 9 |
FL |
14 bps |
2.10% |
1.97% |
| 10 |
GA |
13 bps |
2.19% |
2.06% |
- Showcases the top 10 Muni State "Winners" and "Losers" based on yield movements between 9/6/19 - 9/13/19
- Displays the average Muni 10 year yield by state between 9/6/19 - 9/13/19 (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 9/6/19 - 9/13/19 (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 9/6/19 - 9/13/19 (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 9/6/19 - 9/13/19
| TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK |
| RANK |
TRANCHE |
COUPON |
MATURITY |
PRIOR WEEK
|
THIS WEEK
|
INCREASE |
% INCREASE |
| 1 |
NEW YORK NY |
4.00% |
10/01/41 |
9 |
45 |
36 |
400% |
| 2 |
MET TRANS AUTH-B2 |
5.25% |
11/15/33 |
18 |
45 |
27 |
150% |
| 3 |
DENVER CITY & CO ARPT |
5.00% |
12/01/31 |
13 |
40 |
27 |
208% |
| 4 |
NY ST DORM AUTH -A |
5.00% |
03/15/43 |
31 |
58 |
27 |
87% |
| 5 |
PHILADELPHIA-B |
5.00% |
02/01/39 |
17 |
43 |
26 |
153% |
| 6 |
PHILADELPHIA-B |
5.00% |
02/01/32 |
4 |
30 |
26 |
650% |
| 7 |
PELHAM-WTS |
5.00% |
02/01/33 |
15 |
40 |
25 |
167% |
| 8 |
NYC MUNI WTR FIN-EE-2 |
4.00% |
06/15/40 |
4 |
29 |
25 |
625% |
| 9 |
MET WASHINGTON DC ARP |
5.00% |
10/01/33 |
5 |
30 |
25 |
500% |
| 10 |
PORT AUTH NY & NJ-205 |
5.00% |
11/15/47 |
20 |
45 |
25 |
125% |
- Exhibits the Munis with the largest increase in quote volume for the week ending 9/6/19 vs. the week ending 9/13/19
| MOST QUOTED MUNIS |
| RANK |
TRANCHE |
COUPON |
MATURITY |
DEALERS |
| 1 |
VIRGINIA-A-REF |
5.00% |
06/01/24 |
13 |
| 2 |
PITTSBURGH PA WTR & S |
5.00% |
09/01/26 |
13 |
| 3 |
NY ST DORM AUTH -A |
5.00% |
03/15/43 |
12 |
| 4 |
RESTRUCTURED-SER A-2 |
4.33% |
07/01/40 |
12 |
| 5 |
NY LIBERTY DEV CORP-1 |
5.00% |
11/15/44 |
12 |
| 6 |
OHIO ST-A |
5.00% |
05/01/28 |
12 |
| 7 |
UNIV OF VA-B-REF |
5.00% |
04/01/44 |
11 |
| 8 |
HOUSTON TX -A -REF |
5.00% |
03/01/29 |
11 |
| 9 |
ILLINOIS ST-D |
5.00% |
11/01/23 |
11 |
| 10 |
TX WTR DEV BRD-A |
5.00% |
10/15/43 |
11 |
- Ranks the Munis that were quoted by the highest number of dealers between 9/6/19 - 9/13/19
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