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 |
NORFOLK VA |
3.19% |
10/01/48 |
6.36% |
106.96 |
100.56 |
| 2 |
PR-REF-A |
5.00% |
07/01/22 |
6.21% |
63.73 |
60.00 |
| 3 |
MIAMI SPL OBLIG-CABS |
0.00% |
10/01/46 |
5.57% |
44.61 |
42.26 |
| 4 |
MET GOVT W/S-B-BABS |
6.57% |
07/01/37 |
5.47% |
145.65 |
138.10 |
| 5 |
KERN CA CMNTY CLG DIS |
2.95% |
11/01/32 |
5.42% |
105.41 |
99.99 |
| 6 |
ILLINOIS ST FIN AUTH |
3.94% |
08/15/47 |
4.71% |
115.44 |
110.24 |
| 7 |
PORTAGE MI PUB SCHS |
3.00% |
05/01/40 |
4.19% |
103.89 |
99.71 |
| 8 |
PR ELEC |
5.25% |
07/01/18 |
4.16% |
79.20 |
76.03 |
| 9 |
CONNECTICUT ST HLTH & |
4.00% |
07/01/35 |
3.83% |
118.92 |
114.53 |
| 10 |
TEXAS A&M UNIV BRD -B |
2.71% |
05/15/30 |
3.78% |
104.74 |
100.93 |
| TOP 10 BOND LOSERS |
| Rank |
Bond Name |
Coupon |
Maturity |
Chg |
Price |
Price - 1W |
| 1 |
KINGSTON PA-REF-NTS |
3.13% |
12/15/30 |
-9.01% |
102.27 |
112.39 |
| 2 |
ILLINOIS FIN AUTH-B |
5.63% |
05/15/20 |
-7.14% |
90.08 |
97.00 |
| 3 |
MONTGOMERY CO MUD #8 |
3.00% |
04/01/30 |
-6.20% |
104.72 |
111.64 |
| 4 |
CAPITAL TRUST AGY-B |
5.50% |
07/01/43 |
-3.22% |
98.81 |
102.10 |
| 5 |
GARDENA COPS-TXB-A |
6.38% |
07/01/30 |
-2.18% |
119.84 |
122.51 |
| 6 |
BERTIE CO-A-QSCB |
4.67% |
11/01/35 |
-2.17% |
118.10 |
120.71 |
| 7 |
PR COMLWTH UNREF-B |
5.00% |
07/01/35 |
-2.15% |
70.35 |
71.90 |
| 8 |
RIALTO REDEV-TXB-B |
7.50% |
09/01/37 |
-2.13% |
146.11 |
149.30 |
| 9 |
BALTIMORE CNTY MD |
2.89% |
07/01/32 |
-1.96% |
105.38 |
107.49 |
| 10 |
CALIFORNIA-REF |
5.00% |
08/01/36 |
-1.95% |
122.72 |
125.16 |
- Showcases the top 10 Muni Bond "Winners" and "Losers" based on price movements between 8/23/19 - 8/30/19
| TOP 10 STATE WINNERS |
| Rank |
State Name |
Chg |
Yld |
Yld - 1W |
| 1 |
AR |
-25 bps |
2.17% |
2.42% |
| 2 |
RI |
-19 bps |
1.66% |
1.85% |
| 3 |
KS |
-17 bps |
2.06% |
2.23% |
| 4 |
WI |
-16 bps |
2.10% |
2.27% |
| 5 |
MN |
-16 bps |
1.68% |
1.84% |
| 6 |
WA |
-15 bps |
1.67% |
1.82% |
| 7 |
KY |
-12 bps |
2.18% |
2.30% |
| 8 |
OR |
-12 bps |
2.04% |
2.16% |
| 9 |
CA |
-11 bps |
2.03% |
2.13% |
| 10 |
MI |
-8 bps |
2.21% |
2.30% |
| TOP 10 STATE LOSERS |
| Rank |
State Name |
Chg |
Yld |
Yld - 1W |
| 1 |
CO |
19 bps |
2.31% |
2.13% |
| 2 |
AZ |
15 bps |
3.05% |
2.90% |
| 3 |
MA |
12 bps |
1.87% |
1.75% |
| 4 |
AL |
9 bps |
2.30% |
2.21% |
| 5 |
IL |
8 bps |
3.29% |
3.22% |
| 6 |
MO |
7 bps |
2.10% |
2.03% |
| 7 |
HI |
6 bps |
1.79% |
1.73% |
| 8 |
NJ |
6 bps |
2.18% |
2.12% |
| 9 |
NY |
6 bps |
2.07% |
2.02% |
| 10 |
NV |
5 bps |
2.02% |
1.96% |
- Showcases the top 10 Muni State "Winners" and "Losers" based on yield movements between 8/23/19 - 8/30/19
- Displays the average Muni 10 year yield by state between 8/23/19 - 8/30/19 (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 8/23/19 - 8/30/19 (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 8/23/19 - 8/30/19 (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 8/23/19 - 8/30/19
| TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK |
| RANK |
TRANCHE |
COUPON |
MATURITY |
PRIOR WEEK
|
THIS WEEK
|
INCREASE |
% INCREASE |
| 1 |
NY LIBERTY DEV CORP |
5.00% |
11/15/44 |
10 |
48 |
38 |
380% |
| 2 |
VA ST CMWLTH TR |
4.00% |
05/15/42 |
13 |
45 |
32 |
246% |
| 3 |
SAN DIEGO USD-I |
4.00% |
07/01/47 |
4 |
33 |
29 |
725% |
| 4 |
LOS ANGELES USD-A |
4.00% |
07/01/34 |
2 |
30 |
28 |
1400% |
| 5 |
PORT OF STLE-D-AMT |
5.00% |
05/01/25 |
6 |
33 |
27 |
450% |
| 6 |
UNIV OF ALASKA-T-GEN |
5.00% |
10/01/20 |
2 |
28 |
26 |
1300% |
| 7 |
UNIV OF ALASKA-T-GEN |
5.00% |
10/01/21 |
2 |
28 |
26 |
1300% |
| 8 |
NORTHWEST ISD |
4.00% |
02/15/44 |
6 |
30 |
24 |
400% |
| 9 |
UNIV OF HSTN-A-REF |
5.00% |
02/15/24 |
8 |
32 |
24 |
300% |
| 10 |
KILLEEN ISD |
4.00% |
02/15/39 |
20 |
44 |
24 |
120% |
- Exhibits the Munis with the largest increase in quote volume for the week ending 8/23/19 vs. the week ending 8/30/19
| MOST QUOTED MUNIS |
| RANK |
TRANCHE |
COUPON |
MATURITY |
DEALERS |
| 1 |
UNIV OF TEXAS TX-REF |
4.00% |
08/15/37 |
14 |
| 2 |
PITTSBURGH PA WTR & S |
5.00% |
09/01/26 |
13 |
| 3 |
ARIZONA ST COPS |
5.00% |
10/01/29 |
13 |
| 4 |
MO HWYS-A-REF-1ST |
5.00% |
05/01/24 |
13 |
| 5 |
NYC TRANS FIN-F1 |
5.00% |
05/01/31 |
13 |
| 6 |
VIRGINIA-A-REF |
5.00% |
06/01/24 |
13 |
| 7 |
NY LIBERTY DEV CORP-1 |
5.00% |
11/15/44 |
12 |
| 8 |
HENNEPIN SLS TAX-REF |
5.00% |
12/15/29 |
12 |
| 9 |
OHIO ST-A |
5.00% |
05/01/27 |
12 |
| 10 |
OHIO ST-A |
5.00% |
05/01/28 |
12 |
- Ranks the Munis that were quoted by the highest number of dealers between 8/23/19 - 8/30/19
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