Solve Advisors Municipal Bond Market Summaries

  

Municipal Bond Market Summary - Week Ending 12/20/19

Michael Pellerito, December 23, 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 HARRIS REF TOLL-LIBOR 2.47% 08/15/35 4.40% 96.11 92.06
2 MN HSG FIN AGY-B-TXBL 3.25% 03/01/47 3.77% 105.72 101.88
3 PR COMWLTH-REF-A-IMPT 5.50% 07/01/18 3.77% 76.19 73.42
4 MN HSG FIN AGY-F-TXBL 3.20% 06/01/47 2.75% 104.35 101.55
5 NJ HLTH CARE-A-REF 3.50% 07/01/34 2.16% 107.96 105.67
6 GARDENA COPS-TXB-A 6.38% 07/01/30 2.01% 122.41 120.00
7 TARRANT CULT FACS-A 4.00% 11/15/43 1.92% 106.56 104.55
8 RARITAN UTILS AUTH 4.00% 05/01/28 1.83% 118.68 116.55
9 CHESAPEAKE BAY VA BRI 5.00% 07/01/41 1.80% 120.64 118.51
10 BELGRADE BROOTEN ELRO 2.63% 02/01/44 1.73% 99.73 98.03
TOP 10 BOND LOSERS
Rank Bond Name Coupon Maturity Chg Price Price - 1W
1 KANSAS CITY IDA 6.00% 11/15/46 -9.14% 80.33 88.41
2 EMPLOYEES RETIREMT-A 6.15% 07/01/38 -7.38% 36.98 39.93
3 OK DEV FIN AUTH-A 5.00% 08/01/47 -6.61% 50.43 54.00
4 CALIFORNIA ST INFRAST 3.67% 07/01/34 -5.84% 103.26 109.66
5 PR HWY/TRN-SUB 5.25% 07/01/18 -5.04% 63.15 66.50
6 APPLE VLY SNR LVNG-A 4.50% 01/01/52 -4.65% 96.13 100.82
7 MIAMI-DADE FAC AUTH-B 5.07% 04/01/50 -2.62% 127.35 130.77
8 WISCONSIN ST HLTH & E 3.50% 07/01/40 -2.27% 99.77 102.09
9 CAPE CORAL GAS-B-BAB 7.15% 10/01/30 -2.19% 104.11 106.44
10 COLORADO ST HLTH FACS 3.85% 11/01/49 -2.18% 101.14 103.40
  •  Showcases the top 10 Muni Bond "Winners" and "Losers" based on price movements between 12/13/19 - 12/20/19
TOP 10 STATE WINNERS
Rank State Name Chg Yld Yld - 1W
1 WI -25 bps 2.03% 2.28%
2 AZ -9 bps 3.08% 3.17%
3 FL -9 bps 2.01% 2.10%
4 PA -7 bps 2.37% 2.44%
5 NV -6 bps 2.26% 2.32%
6 MN -6 bps 2.04% 2.10%
7 MO -3 bps 2.08% 2.10%
8 ME -2 bps 1.81% 1.83%
9 CO 0 bps 2.30% 2.30%
10 KS 0 bps 2.31% 2.31%
TOP 10 STATE LOSERS
Rank State Name Chg Yld Yld - 1W
1 MD 34 bps 2.34% 2.00%
2 MT 27 bps 2.32% 2.05%
3 MA 25 bps 2.28% 2.02%
4 NE 23 bps 2.25% 2.01%
5 OH 22 bps 2.40% 2.18%
6 IL 20 bps 3.18% 2.97%
7 VA 17 bps 2.10% 1.92%
8 CT 17 bps 2.54% 2.36%
9 NC 15 bps 1.77% 1.62%
10 TN 15 bps 1.95% 1.80%
  •  Showcases the top 10 Muni State "Winners" and "Losers" based on yield movements between 12/13/19 - 12/20/19

 

 10 Yr Yield by State - All
  • Displays the average Muni 10 year yield by state between 12/13/19 - 12/20/19 (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 12/13/19 - 12/20/19 (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 12/13/19 - 12/20/19 (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 12/13/19 - 12/20/19
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE COUPON MATURITY

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 CA EDU FACS AUTH-U6 5.00% 05/01/45 10 40 30 300%
2 GLENDALE TRN EXCISE 5.00% 07/01/28 8 36 28 350%
3 HONOLULU-B-REF 5.00% 07/01/36 9 36 27 300%
4 OHIO ST -A-COMMON SCH 5.00% 06/15/30 16 39 23 144%
5 PENNSYLVANIA ST HGR 5.00% 08/15/49 6 29 23 383%
6 AUSTIN-REF 5.00% 09/01/36 9 29 20 222%
7 VA TRN BRD-BABS 4.70% 05/15/24 5 25 20 400%
8 SAN FRANCISCO UT-BABS 5.50% 11/01/26 5 24 19 380%
9 SACRAMENTO MUD-Y 5.00% 08/15/28 6 25 19 317%
10 UNIV OF CO-B-REF 5.00% 06/01/44 32 51 19 59%
  • Exhibits the Munis with the largest increase in quote volume for the week ending 12/13/19 vs. the week ending 12/20/19
MOST QUOTED MUNIS
RANK TRANCHE COUPON MATURITY DEALERS
1 UNIV OF CO-B-REF 5.00% 06/01/44 13
2 ILLINOIS FIN AUTH 5.00% 12/01/26 13
3 PR SALES TAX FING-A1 0.00% 07/01/46 12
4 OHIO ST -A-COMMON SCH 5.00% 06/15/37 12
5 OHIO ST -A-COMMON SCH 5.00% 06/15/30 12
6 DIST OF COLUMBIA INCO 5.00% 03/01/32 12
7 NY ST URBAN DEV CORP 3.00% 03/15/49 12
8 FRANKLIN CNTY OH REVE 5.00% 12/01/32 11
9 NEW MEXICO ST HOSP EQ 3.00% 08/01/48 11
10 MARYLAND ST HLTH &HGR 5.00% 10/01/49 11
  • Ranks the Munis that were quoted by the highest number of dealers between 12/13/19 - 12/20/19

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