Solve Advisors Municipal Bond Market Summaries

  

Municipal Bond Market Summary - Week Ending 11/29/19

Michael Pellerito, December 02, 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 PR HWY/TRN-K-TRANS 5.00% 07/01/21 12.54% 43.33 38.50
2 MN HSG FIN-A 2.95% 02/01/46 4.73% 105.52 100.75
3 OHIO ST UNIV-A-TXBL 4.80% 06/01/11 4.38% 134.77 129.12
4 NYC IDA BRONX PKG 5.75% 10/01/37 4.27% 68.82 66.00
5 HOUSTON ARPT-TXB-BHAC 6.88% 01/01/28 3.29% 124.95 120.97
6 HOUSTON TX UTL SYS-C 2.98% 11/15/42 3.16% 99.15 96.11
7 PORT AUTH NY/NJ #168 4.93% 10/01/51 2.98% 134.87 130.97
8 PHOENIX IDA 3.63% 12/01/32 2.85% 104.26 101.36
9 MASSACHUSETTS ST 2.81% 09/01/43 2.74% 98.41 95.79
10 SAN DIEGO WTR-B 6.14% 05/01/49 2.62% 148.77 144.98
TOP 10 BOND LOSERS
Rank Bond Name Coupon Maturity Chg Price Price - 1W
1 DU PAGE SD #12 3.25% 06/01/33 -4.82% 104.35 109.64
2 KERN PENSION-RF-TXB-A 4.88% 08/15/23 -3.33% 105.14 108.77
3 PR-REF-A 4.13% 07/01/22 -2.70% 61.45 63.15
4 NTHRN IL MUN PWR-BABS 7.62% 01/01/30 -2.45% 123.84 126.96
5 YOUNGSTOWN UNIV-BABS 6.55% 12/15/30 -2.33% 102.55 105.00
6 CIVICVENTURES   -REF 4.00% 09/01/38 -1.93% 105.99 108.07
7 UPPER MERION ASD-REF 5.00% 01/15/31 -1.92% 117.49 119.80
8 ROSEMONT-TXBL-A 5.38% 12/01/31 -1.70% 117.38 119.41
9 CLEVELAND INCOME-C 6.34% 10/01/31 -1.69% 125.74 127.90
10 KY PPTY BLDG-BABS 6.16% 11/01/29 -1.64% 123.36 125.43
  •  Showcases the top 10 Muni Bond "Winners" and "Losers" based on price movements between 11/22/19 - 11/29/19
TOP 10 STATE WINNERS
Rank State Name Chg Yld Yld - 1W
1 MS -21 bps 2.06% 2.27%
2 WI -20 bps 2.25% 2.45%
3 GA -17 bps 1.90% 2.07%
4 NV -15 bps 1.82% 1.97%
5 NJ -13 bps 2.02% 2.15%
6 NE -12 bps 1.86% 1.98%
7 KS -12 bps 2.25% 2.37%
8 OR -11 bps 2.02% 2.13%
9 OK -9 bps 1.93% 2.01%
10 VA -8 bps 1.80% 1.88%
TOP 10 STATE LOSERS
Rank State Name Chg Yld Yld - 1W
1 AZ 41 bps 3.01% 2.59%
2 UT 38 bps 2.34% 1.96%
3 ME 29 bps 2.09% 1.80%
4 MA 28 bps 2.30% 2.02%
5 MN 24 bps 2.20% 1.96%
6 SC 22 bps 2.27% 2.04%
7 MO 21 bps 2.26% 2.04%
8 MI 21 bps 2.69% 2.48%
9 CT 17 bps 2.47% 2.29%
10 HI 17 bps 2.07% 1.90%
  •  Showcases the top 10 Muni State "Winners" and "Losers" based on yield movements between 11/22/19 - 11/29/19

 

 10 Yr Yield by State - All
  • Displays the average Muni 10 year yield by state between 11/22/19 - 11/29/19 (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 11/22/19 - 11/29/19 (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 11/22/19 - 11/29/19 (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 11/22/19 - 11/29/19
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE COUPON MATURITY

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 CA HLTH FACS-A2 5.00% 11/01/47 8 58 50 625%
2 HAWAII ST-FT 5.00% 01/01/31 9 45 36 400%
3 SOUTHFIELD-WTR-SWR 3.00% 05/01/32 7 40 33 471%
4 OHIO ST WTR DEV AUTH 5.00% 12/01/35 16 48 32 200%
5 SCHERTZ SEGUIN TX GOV 4.00% 02/01/41 4 33 29 725%
6 DASNY -A 5.00% 07/01/49 18 45 27 150%
7 OHIO ST HOSP FAC REVE 4.00% 01/01/40 4 30 26 650%
8 ST LOUIS SD #R-6 5.00% 02/01/26 30 55 25 83%
9 MASSACHUSETTS ST DEV 4.00% 07/01/36 10 35 25 250%
10 STHRN CA PWR AUTH-A 5.00% 07/01/33 4 28 24 600%
  • Exhibits the Munis with the largest increase in quote volume for the week ending 11/22/19 vs. the week ending 11/29/19
MOST QUOTED MUNIS
RANK TRANCHE COUPON MATURITY DEALERS
1 CA EDU FACS AUTH-U6 5.00% 05/01/45 14
2 HONOLULU-A 4.00% 07/01/44 13
3 HOUSTON-UTL SYS-B-REF 5.00% 11/15/36 13
4 ILLINOIS FIN AUTH 5.00% 12/01/26 13
5 NJ ECON DEV AUTH 5.00% 06/15/34 13
6 CA HLTH FACS-A2 5.00% 11/01/47 12
7 CHARLOTTE-B 5.00% 07/01/27 12
8 PR SALES TAX FING-A1 0.00% 07/01/46 11
9 OHIO ST AIR QUALITY D 5.00% 07/01/49 11
10 NY ST THRUWAY AUTH-B 4.00% 01/01/53 11
  • Ranks the Munis that were quoted by the highest number of dealers between 11/22/19 - 11/29/19

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