Solve Advisors Municipal Bond Market Summaries

  

Municipal Bond Market Summary - Week Ending 12/13/19

Michael Pellerito, December 16, 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 MIAMI FL HLTH FACS AU 5.00% 07/01/23 10.31% 116.27 105.41
2 PR COMLWTH UNREF-B 5.25% 07/01/32 9.53% 81.44 74.35
3 PORT AUTH OF NEW YORK 3.29% 08/01/69 2.93% 99.94 97.09
4 MUSKEGON -TXBL 3.58% 10/01/49 2.86% 100.19 97.40
5 MONTGOMERY CNTY OH HO 3.00% 11/15/40 2.78% 97.10 94.47
6 PRINCETON SD-REF 5.00% 12/01/39 2.75% 118.66 115.48
7 MASSACHUSETTS ST SCH 3.40% 10/15/40 2.70% 103.76 101.03
8 CHICAGO BOE-BABS-AGM 6.04% 12/01/29 2.66% 118.50 115.43
9 UAB MEDICINE FIN AUTH 3.00% 09/01/35 2.64% 104.88 102.18
10 OHIO ST HGR EDUCTNL F 4.00% 10/01/44 2.54% 111.45 108.69
TOP 10 BOND LOSERS
Rank Bond Name Coupon Maturity Chg Price Price - 1W
1 EMPLOYEES RETIREMT-A 6.15% 07/01/38 -7.27% 39.93 43.06
2 IN FIN AUTH HOSP-A 3.50% 08/15/30 -6.71% 105.80 113.40
3 CHICAGO-B-TXBL-AGM 7.38% 01/01/33 -4.49% 132.36 138.59
4 PHILADELPHIA SD-BAM 5.06% 09/01/42 -3.44% 116.63 120.78
5 SUMTER LANDING FL CDD 4.17% 10/01/47 -3.34% 109.07 112.83
6 PERALTA CLG-A-TXBL 6.25% 08/05/46 -3.29% 119.05 123.10
7 SAN ANTONIO WTR 5.92% 05/15/40 -3.13% 135.40 139.77
8 POCONO MOUNTAINS INDL 5.05% 08/15/49 -2.60% 120.65 123.87
9 NY PWR-B 5.99% 11/15/43 -2.58% 142.76 146.54
10 COOK SD #99-B-TXBL 5.09% 12/01/41 -2.51% 119.47 122.55
  •  Showcases the top 10 Muni Bond "Winners" and "Losers" based on price movements between 12/6/19 - 12/13/19
TOP 10 STATE WINNERS
Rank State Name Chg Yld Yld - 1W
1 IN -39 bps 2.22% 2.62%
2 MT -25 bps 2.11% 2.36%
3 LA -24 bps 2.15% 2.39%
4 IL -23 bps 3.01% 3.24%
5 KS -21 bps 2.31% 2.52%
6 MA -21 bps 2.04% 2.24%
7 TN -20 bps 1.82% 2.02%
8 MO -19 bps 2.10% 2.29%
9 AR -17 bps 1.94% 2.12%
10 OH -17 bps 2.17% 2.34%
TOP 10 STATE LOSERS
Rank State Name Chg Yld Yld - 1W
1 VA 25 bps 1.92% 1.67%
2 FL 17 bps 2.10% 1.93%
3 HI 14 bps 1.98% 1.84%
4 CT 12 bps 2.40% 2.28%
5 NV 11 bps 2.32% 2.21%
6 CO 10 bps 2.30% 2.20%
7 MD 7 bps 2.06% 2.00%
8 PA 6 bps 2.44% 2.38%
9 AZ 5 bps 3.20% 3.15%
10 MN -1 bps 2.14% 2.15%
  •  Showcases the top 10 Muni State "Winners" and "Losers" based on yield movements between 12/6/19 - 12/13/19

 

 10 Yr Yield by State - All
  • Displays the average Muni 10 year yield by state between 12/6/19 - 12/13/19 (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 12/6/19 - 12/13/19 (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 12/6/19 - 12/13/19 (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 12/6/19 - 12/13/19
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE COUPON MATURITY

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 WASHINGTON ST-2020A 5.00% 08/01/39 2 43 41 2050%
2 MICHIGAN ST FIN AUTH 4.00% 12/01/36 1 41 40 4000%
3 MICHIGAN ST FIN AUTH 4.00% 12/01/35 1 35 34 3400%
4 AUSTIN-REF 5.00% 09/01/37 11 40 29 264%
5 MICHIGAN ST FIN AUTH 5.00% 12/01/39 3 32 29 967%
6 E BATON ROUGE PARISH 5.00% 02/01/30 6 35 29 483%
7 CLARK CO 5.00% 07/01/29 5 34 29 580%
8 OHIO ST -A-COMMON SCH 5.00% 06/15/37 28 56 28 100%
9 DC WTR & SWR AUTH-A 5.00% 10/01/39 7 35 28 400%
10 MICHIGAN ST FIN AUTH 4.00% 12/01/40 1 28 27 2700%
  • Exhibits the Munis with the largest increase in quote volume for the week ending 12/6/19 vs. the week ending 12/13/19
MOST QUOTED MUNIS
RANK TRANCHE COUPON MATURITY DEALERS
1 HONOLULU-A 5.00% 07/01/44 16
2 FRANKLIN CNTY OH REVE 4.00% 12/01/44 14
3 OHIO ST -A-COMMON SCH 5.00% 06/15/37 13
4 ILLINOIS FIN AUTH 5.00% 12/01/26 13
5 MARYLAND ST-B-REF 5.00% 08/01/26 12
6 NY ST URBAN DEV CORP 3.00% 03/15/49 12
7 FRANKLIN CNTY OH REVE 5.00% 12/01/32 11
8 COLUMBUS OH 5.00% 04/01/26 11
9 DIST OF COLUMBIA INCO 5.00% 03/01/31 11
10 DIST OF COLUMBIA INCO 5.00% 03/01/34 11
  • Ranks the Munis that were quoted by the highest number of dealers between 12/6/19 - 12/13/19

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