Solve Advisors Municipal Bond Market Summaries

  

Municipal Bond Market Summary - Week Ending 8/23/19

Michael Pellerito, August 26, 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 CLEVELAND OH-A 3.00% 12/01/43 5.28% 104.27 99.05
2 DENVER ARPT 6.41% 11/15/39 5.23% 139.94 132.99
3 PHOENIX IMPT-CAP-BHAC 5.50% 07/01/41 4.68% 154.22 147.33
4 BALDWIN PARK CA UNIF 4.00% 08/01/39 4.45% 117.76 112.74
5 RI STUD LN AUTH-1 4.28% 12/01/34 4.32% 108.82 104.31
6 MCKINNEY CMNTY DEV 4.12% 08/15/35 4.10% 108.57 104.29
7 TUCSON COPS-TXB-BABS 6.75% 07/01/30 3.59% 132.24 127.66
8 ATLANTA TAX ALLOC-D 5.00% 01/01/27 3.49% 124.88 120.66
9 FOOTHILL E TRANSP-B2 5.00% 01/15/53 3.43% 105.25 101.75
10 CAPITAL TRUST AGY-B 6.00% 07/01/54 3.38% 104.67 101.25
TOP 10 BOND LOSERS
Rank Bond Name Coupon Maturity Chg Price Price - 1W
1 MONTGOMERY HSG-D 3.00% 07/01/32 -7.27% 102.97 111.04
2 DENTON-CTFS OBLIG 4.00% 02/15/45 -7.19% 110.29 118.84
3 NEW HOPE CULT EDU-B 5.00% 07/01/46 -4.08% 107.41 111.98
4 MET TRN AUTH-A2-BABS 6.09% 11/15/40 -3.48% 137.78 142.75
5 EMPLOYEES RETIREMT-A 6.15% 07/01/38 -3.08% 46.58 48.06
6 CAP TRUST AGY -A 3.00% 07/01/54 -2.84% 96.25 99.06
7 JESSAMINE CO SD FIN 3.00% 06/01/28 -2.81% 106.36 109.43
8 POLK CNTY OR HOSP FAC 5.38% 07/01/45 -2.80% 104.13 107.13
9 BAY AREA TOLL-S1 7.04% 04/01/50 -2.71% 169.87 174.61
10 REGL TRNSP DIST-BABS 5.84% 11/01/50 -2.60% 152.58 156.65
  •  Showcases the top 10 Muni Bond "Winners" and "Losers" based on price movements between 8/16/19 - 8/23/19
TOP 10 STATE WINNERS
Rank State Name Chg Yld Yld - 1W
1 HI -36 bps 1.73% 2.08%
2 MA -18 bps 1.75% 1.93%
3 NC -8 bps 1.60% 1.68%
4 SC -2 bps 2.08% 2.10%
5 OH -1 bps 2.16% 2.17%
6 IL 1 bps 3.22% 3.21%
7 MD 2 bps 1.89% 1.87%
8 IA 3 bps 1.95% 1.92%
9 VA 5 bps 1.70% 1.65%
10 KY 5 bps 2.30% 2.25%
TOP 10 STATE LOSERS
Rank State Name Chg Yld Yld - 1W
1 AZ 113 bps 2.90% 1.78%
2 CO 63 bps 2.13% 1.49%
3 AL 37 bps 2.21% 1.83%
4 AR 31 bps 2.42% 2.12%
5 KS 30 bps 2.21% 1.91%
6 CT 30 bps 2.39% 2.09%
7 CA 28 bps 2.13% 1.85%
8 PA 27 bps 2.28% 2.01%
9 MN 26 bps 1.87% 1.61%
10 MO 26 bps 2.06% 1.80%
  •  Showcases the top 10 Muni State "Winners" and "Losers" based on yield movements between 8/16/19 - 8/23/19

 

 10 Yr Yield by State - All
  • Displays the average Muni 10 year yield by state between 8/16/19 - 8/23/19 (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 8/16/19 - 8/23/19 (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 8/16/19 - 8/23/19 (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 8/16/19 - 8/23/19
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE COUPON MATURITY

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 UNIV OF TEXAS TX-REF 4.00% 08/15/37 26 69 43 165%
2 NJ TRANSPRTN TRUST-A 5.00% 12/15/28 7 43 36 514%
3 WASHINGTON ST CONVENT 5.00% 07/01/58 37 68 31 84%
4 PITTSBURGH PA WTR & S 5.00% 09/01/26 37 65 28 76%
5 SAN ANTONIO-REF 5.00% 08/01/29 18 45 27 150%
6 MET TRANS AUTH-C1-REF 5.00% 11/15/34 20 45 25 125%
7 PENNSYLVANIA-2ND 5.00% 09/15/27 16 40 24 150%
8 NJ TRANSPRTN TRUST-A 5.00% 12/15/36 16 40 24 150%
9 RAMPART RANGE MET 5.00% 12/01/47 30 53 23 77%
10 BALTIMORE CONVTN-REF 5.00% 09/01/36 7 30 23 329%
  • Exhibits the Munis with the largest increase in quote volume for the week ending 8/16/19 vs. the week ending 8/23/19
MOST QUOTED MUNIS
RANK TRANCHE COUPON MATURITY DEALERS
1 SAN JOSE -A-1 5.00% 09/01/47 17
2 WASHINGTON ST CONVENT 5.00% 07/01/58 14
3 KANSAS CITY ARPT-B 5.00% 03/01/46 14
4 UNIV OF TEXAS TX-REF 4.00% 08/15/37 14
5 PITTSBURGH PA WTR & S 5.00% 09/01/26 13
6 VIRGINIA-A-REF 5.00% 06/01/24 13
7 OHIO ST-A 5.00% 05/01/27 13
8 NYC TRANS FIN-F1 5.00% 05/01/31 13
9 MO HWYS-A-REF-1ST 5.00% 05/01/24 12
10 MARTIN CO -SALES TAX 4.00% 07/01/34 12
  • Ranks the Munis that were quoted by the highest number of dealers between 8/16/19 - 8/23/19

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