Solve Advisors Municipal Bond Market Summaries

  

Municipal Bond Market Summary - Week Ending 8/9/19

Michael Pellerito, August 12, 2019

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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.  

  1. Top 10 Muni Bond Winners & Losers
  2. Top 10 Muni State Winners & Losers
  3. 10 Yr Yield by State - All Muni
  4. 10 Yr Yield by State - GO Only
  5. 10 Yr Yield by State - REV Only 
  6. Market Sentiment
  7. Top Quote Volume Movers
  8. Most Quoted Municipal Bonds

 

TOP 10 BOND WINNERS
Rank Bond Name Coupon Maturity Chg Price Price - 1W
1 NY CONVENTN CTR-B 0.00% 11/15/55 10.85% 32.16 29.01
2 PR INFRA-SER B 5.00% 07/01/22 10.66% 22.41 20.25
3 SEQUOIAS CLG IMPT#3-B 0.00% 08/01/40 8.83% 56.16 51.61
4 OCEANSIDE USD-CABS-B 0.00% 08/01/41 6.97% 57.45 53.70
5 SAN DIEGO SD-CABS-C 0.00% 07/01/40 6.48% 60.74 57.04
6 SAN YSIDRO SD-CABS-G 0.00% 08/01/38 6.21% 57.03 53.70
7 LEANDER ISD-C-CABS 0.00% 08/15/39 6.12% 44.39 41.83
8 NYC EDL CONSTR FD-BAB 6.00% 04/01/35 5.95% 130.98 123.63
9 EUREKA USD-CABS-2002 0.00% 08/01/31 5.93% 75.31 71.10
10 CHICAGO-B-REF-BAM-TCR 5.43% 01/01/42 5.62% 117.72 111.45
TOP 10 BOND LOSERS
Rank Bond Name Coupon Maturity Chg Price Price - 1W
1 UNIV OF CA REGENTS 5.00% 05/15/36 -4.80% 116.62 122.50
2 PR AQUEDUCT REF-SER A 6.05% 07/01/28 -3.97% 85.22 88.75
3 FRESNO JT PWRS-TXB-C 5.90% 10/01/29 -2.85% 112.42 115.72
4 PR COMLWTH UNREF-B 5.00% 07/01/35 -2.50% 71.18 73.00
5 SONOMA PENSION-TXB-A 5.07% 12/01/22 -2.24% 101.36 103.68
6 PR-REF-PUB IMPT-A 5.00% 07/01/16 -2.13% 69.00 70.50
7 HARRIS CULTURAL EDU 3.00% 11/15/30 -1.89% 104.53 106.55
8 PR BLDG-D-UNREF-GOVT 5.25% 07/01/36 -1.66% 80.52 81.89
9 SAN BERNARDINO CNTY C 5.00% 10/01/20 -1.66% 102.84 104.58
10 PR PUB BLDGS AUTH 5.50% 07/01/27 -1.65% 80.65 82.00
  •  Showcases the top 10 Muni Bond "Winners" and "Losers" based on price movements between 8/2/19 - 8/9/19
TOP 10 STATE WINNERS
Rank State Name Chg Yld Yld - 1W
1 PA -35 bps 2.45% 2.79%
2 RI -32 bps 1.78% 2.09%
3 MA -31 bps 1.95% 2.26%
4 OH -30 bps 2.24% 2.55%
5 KY -28 bps 2.22% 2.51%
6 IL -28 bps 3.11% 3.39%
7 IA -27 bps 1.85% 2.12%
8 MN -20 bps 1.75% 1.95%
9 TX -19 bps 2.09% 2.29%
10 FL -16 bps 2.16% 2.32%
TOP 10 STATE LOSERS
Rank State Name Chg Yld Yld - 1W
1 AL 16 bps 2.43% 2.28%
2 OR 10 bps 2.07% 1.97%
3 VA 6 bps 1.76% 1.70%
4 WA 3 bps 2.17% 2.15%
5 LA 0 bps 1.95% 1.95%
6 AZ 0 bps 3.04% 3.05%
7 NC 0 bps 1.86% 1.87%
8 GA -3 bps 1.81% 1.84%
9 CO -7 bps 1.75% 1.82%
10 MD -7 bps 1.89% 1.96%
  •  Showcases the top 10 Muni State "Winners" and "Losers" based on yield movements between 8/2/19 - 8/9/19

 

 10 Yr Yield by State - All
  • Displays the average Muni 10 year yield by state between 8/2/19 - 8/9/19 (General Obligation and Revenue Bonds)
    • Results are based on 5 select states, however, we offer data across all 50 states and U.S. territories

 

10 Yr Yield by State - Go

  • Displays the average Muni 10 year yield by state between 8/2/19 - 8/9/19 (General Obligation Bonds only)
    • Results are based on 5 select states, however, we offer data across all 50 states and U.S. territories

10 Yr Yield by State - Rev

  • Displays the average Muni 10 year yield by state between 8/2/19 - 8/9/19 (Revenue Bonds only)
    • Results are based on 5 select states, however, we offer data across all 50 states and U.S. territories

 Muni Market Sentiment - Advancers vs. Decliners

  • Reveals the percent of Muni bonds increasing in price (Advancers) vs. decreasing in price (Decliners) between 8/2/19 - 8/9/19
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE COUPON MATURITY

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 SAN JOSE -A-1 5.00% 09/01/47 31 85 54 174%
2 MET TRANSN-B4-RMKT 5.00% 11/15/20 30 75 45 150%
3 BATTERY PARK AUTH-A 5.00% 11/01/24 15 60 45 300%
4 MIAMI CO HOSP FACS 5.00% 08/01/49 20 64 44 220%
5 SAN ANTONIO TX INDEP 4.00% 08/15/34 6 46 40 667%
6 NEW YORK ST URBAN DEV 5.00% 03/15/28 27 64 37 137%
7 PORT AUTH NY-CONS-163 5.00% 07/15/32 15 48 33 220%
8 BUCKEYE TOB ASSET-A-2 5.88% 06/01/47 35 68 33 94%
9 NY LOC ASST CORP -A 5.00% 04/01/22 18 50 32 178%
10 HAWAII ST ARPT-A-AMT 5.00% 07/01/45 3 34 31 1033%
  • Exhibits the Munis with the largest increase in quote volume for the week ending 8/2/19 vs. the week ending 8/9/19
MOST QUOTED MUNIS
RANK TRANCHE COUPON MATURITY DEALERS
1 SAN JOSE -A-1 5.00% 09/01/47 17
2 NEW YORK-A-A-1 4.00% 08/01/37 16
3 KANSAS CITY ARPT-B 5.00% 03/01/46 15
4 DENVER CITY & CO ARPT 5.00% 12/01/37 14
5 HI ELEC CO INC 3.20% 07/01/39 14
6 OHIO ST-A 5.00% 05/01/35 13
7 INDIANAPOLIS LOC-A1 5.00% 01/01/30 12
8 PR SALES TAX FING-A1 5.00% 07/01/58 12
9 LOS ANGELES CO FACS-A 4.00% 12/01/48 12
10 DASNY-A-GROUP 2-REF 5.00% 03/15/31 11
  • Ranks the Munis that were quoted by the highest number of dealers between 8/2/19 - 8/9/19

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