Indices of Top 30 Municipal Bonds

Municipal Bonds

Index Price Change

• Since March 2nd: -1.0%

• Since February 19th: +0.3%

• YTD: +2.0%

YTD Municipal Bond Index Performance

Commentary

Within the bond index, the Development Authority of White County was the worst performing bond, dropping -3.8% YTD. Similarly, the Brunswick & Glynn County Development Authority dropped by -1.5% YTD. Most notably, however, the City of Atlanta GA Department of Aviation dropped by -1.2% YTD, reflecting investor concerns over the future of air travel.

On the other hand, the Development Authorities of Cobb, Gwinnett, and Fulton County saw the largest year to date increases, at 6.8%, 7.2%, and 7.4%, respectively. These three counties are all directly located in the Metro Atlanta area and are among the highest COVID-19 case counts by county in Georgia.