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 |
PR-REF-A |
4.00% |
07/01/21 |
9.01% |
63.50 |
58.25 |
| 2 |
PR COMLWTH UNREF-B |
5.00% |
07/01/35 |
3.89% |
73.09 |
70.35 |
| 3 |
SARASOTA CO-C |
3.00% |
10/01/40 |
3.73% |
104.46 |
100.71 |
| 4 |
BAY AREA TOLL-S1 |
6.92% |
04/01/40 |
3.71% |
152.76 |
147.30 |
| 5 |
BURLINGTON-TXB-IMP-A |
6.50% |
11/01/26 |
2.88% |
125.88 |
122.36 |
| 6 |
MASSACHUSETTS ST-C |
5.00% |
05/01/47 |
2.83% |
126.45 |
122.97 |
| 7 |
NEW YORK CITY NY TRAN |
3.28% |
08/01/29 |
2.72% |
107.16 |
104.32 |
| 8 |
PR ELEC-TXB-EEE-BABS |
5.95% |
07/01/30 |
2.57% |
76.93 |
75.00 |
| 9 |
CHICAGO BOE-BAB-TXB |
6.14% |
12/01/39 |
2.56% |
111.64 |
108.85 |
| 10 |
HALL CNTY NE SCH DIST |
2.49% |
12/15/30 |
2.38% |
102.38 |
100.00 |
| TOP 10 BOND LOSERS |
| Rank |
Bond Name |
Coupon |
Maturity |
Chg |
Price |
Price - 1W |
| 1 |
COFINA CLASS 2-2054 |
0.00% |
08/01/54 |
-5.45% |
18.15 |
19.19 |
| 2 |
OH QIR QLTY ENERGY-A |
5.70% |
08/01/20 |
-4.63% |
86.64 |
90.84 |
| 3 |
ROSEMONT-TXB-C-CORP |
6.60% |
12/01/30 |
-4.03% |
123.29 |
128.47 |
| 4 |
CAPITAL TRUST AGY-B |
6.00% |
07/01/54 |
-3.91% |
98.62 |
102.63 |
| 5 |
PR REF & PUB IMPT-C |
5.90% |
07/01/28 |
-3.09% |
69.10 |
71.30 |
| 6 |
CALIFORNIA-REF |
5.00% |
08/01/28 |
-2.83% |
125.58 |
129.24 |
| 7 |
MET PIER EXPO-PREREF |
0.00% |
06/15/30 |
-2.73% |
83.09 |
85.42 |
| 8 |
CHICAGO-REF-B |
5.43% |
01/01/42 |
-2.69% |
102.59 |
105.42 |
| 9 |
CALIFORNIA ST |
5.00% |
03/01/30 |
-2.40% |
120.18 |
123.14 |
| 10 |
UNIV OF CA-AS-TXBL |
3.55% |
05/15/39 |
-2.38% |
110.61 |
113.30 |
- Showcases the top 10 Muni Bond "Winners" and "Losers" based on price movements between 8/30/19 - 9/6/19
| TOP 10 STATE WINNERS |
| Rank |
State Name |
Chg |
Yld |
Yld - 1W |
| 1 |
MO |
-31 bps |
1.96% |
2.27% |
| 2 |
CT |
-17 bps |
2.23% |
2.41% |
| 3 |
CO |
-11 bps |
2.20% |
2.31% |
| 4 |
OK |
-10 bps |
1.77% |
1.87% |
| 5 |
IL |
-9 bps |
3.17% |
3.26% |
| 6 |
MA |
-8 bps |
1.80% |
1.87% |
| 7 |
NC |
-4 bps |
1.67% |
1.71% |
| 8 |
IA |
-4 bps |
1.90% |
1.93% |
| 9 |
NJ |
-3 bps |
2.14% |
2.18% |
| 10 |
MS |
-3 bps |
1.88% |
1.91% |
| TOP 10 STATE LOSERS |
| Rank |
State Name |
Chg |
Yld |
Yld - 1W |
| 1 |
AR |
51 bps |
2.68% |
2.17% |
| 2 |
KS |
31 bps |
2.37% |
2.06% |
| 3 |
OH |
28 bps |
2.36% |
2.09% |
| 4 |
WA |
26 bps |
1.93% |
1.67% |
| 5 |
GA |
26 bps |
2.10% |
1.84% |
| 6 |
RI |
21 bps |
1.88% |
1.66% |
| 7 |
HI |
17 bps |
1.95% |
1.79% |
| 8 |
KY |
13 bps |
2.31% |
2.18% |
| 9 |
MI |
10 bps |
2.32% |
2.21% |
| 10 |
OR |
10 bps |
2.14% |
2.04% |
- Showcases the top 10 Muni State "Winners" and "Losers" based on yield movements between 8/30/19 - 9/6/19
- Displays the average Muni 10 year yield by state between 8/30/19 - 9/6/19 (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 8/30/19 - 9/6/19 (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 8/30/19 - 9/6/19 (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 8/30/19 - 9/6/19
| TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK |
| RANK |
TRANCHE |
COUPON |
MATURITY |
PRIOR WEEK
|
THIS WEEK
|
INCREASE |
% INCREASE |
| 1 |
SAN DIEGO ASSN OF GOV |
1.80% |
11/15/27 |
20 |
52 |
32 |
160% |
| 2 |
MT SAN ANTONIO CCD-A |
5.00% |
08/01/41 |
16 |
45 |
29 |
181% |
| 3 |
MICHIGAN ST TRUNK LIN |
5.00% |
11/15/22 |
7 |
35 |
28 |
400% |
| 4 |
VA CLG BLDG AUTH-A |
3.00% |
02/01/38 |
17 |
45 |
28 |
165% |
| 5 |
NY URBAN DEV-A |
5.00% |
03/15/44 |
14 |
40 |
26 |
186% |
| 6 |
MN PUB FACS AUTH-A |
5.00% |
03/01/24 |
6 |
30 |
24 |
400% |
| 7 |
COLUMBUS OH |
5.00% |
04/01/31 |
18 |
42 |
24 |
133% |
| 8 |
METRO TRANSP AUTH-A2 |
5.00% |
11/15/26 |
6 |
30 |
24 |
400% |
| 9 |
PENNSYLVANIA ST-1ST |
5.00% |
03/15/28 |
7 |
30 |
23 |
329% |
| 10 |
AMARILLO ISD-B-BLDG |
4.00% |
02/01/34 |
8 |
30 |
22 |
275% |
- Exhibits the Munis with the largest increase in quote volume for the week ending 8/30/19 vs. the week ending 9/6/19
| 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 |
MO HWYS-A-REF-1ST |
5.00% |
05/01/24 |
13 |
| 4 |
VIRGINIA-A-REF |
5.00% |
06/01/24 |
13 |
| 5 |
NY LIBERTY DEV CORP-1 |
5.00% |
11/15/44 |
12 |
| 6 |
OHIO ST-A |
5.00% |
05/01/28 |
12 |
| 7 |
SAN DIEGO ASSN OF GOV |
1.80% |
11/15/27 |
12 |
| 8 |
PORT OF SEATTLE WA RE |
5.00% |
04/01/37 |
11 |
| 9 |
TX WTR DEV BRD-A |
5.00% |
10/15/43 |
11 |
| 10 |
LOS ANGELES CNTY CA M |
5.00% |
07/01/44 |
11 |
- Ranks the Munis that were quoted by the highest number of dealers between 8/30/19 - 9/6/19
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