Solve Advisors Municipal Bond Market Summaries

  

Municipal Bond Market Summary - Week Ending 12/6/19

Michael Pellerito, December 09, 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 ELEC-TXB-EEE-BABS 6.05% 07/01/32 4.55% 74.23 71.00
2 LYON CO UNIF SD #253 4.00% 09/01/39 3.62% 113.08 109.13
3 SOLANO CO CCD-A 4.38% 08/01/47 3.36% 112.14 108.50
4 WEATHERFORD ISD-CABS 0.00% 02/15/34 2.87% 69.98 68.03
5 IL FIN AUTH REV 4.00% 05/15/33 2.78% 106.26 103.39
6 GAINESVILLE UTIL-A 5.00% 10/01/23 2.73% 118.01 114.87
7 BUCKS CNTY PA INDL DE 3.00% 08/15/50 2.62% 96.56 94.09
8 SAN FRANCISCO WTR-BAB 6.95% 11/01/50 2.59% 160.85 156.79
9 UTAH ST TRANSIT AUTH 3.39% 12/15/36 2.36% 104.08 101.68
10 SAN FRANCISCO CA BAY 4.00% 07/01/35 2.32% 114.81 112.21
TOP 10 BOND LOSERS
Rank Bond Name Coupon Maturity Chg Price Price - 1W
1 OR GOVTS-B-PENSION OB 6.85% 06/01/28 -5.10% 120.90 127.39
2 CHICAGO BOE-BAB-TXB 6.04% 12/01/29 -4.85% 101.22 106.38
3 GTR JASPER SCH-CAB 0.00% 07/15/24 -4.02% 86.36 89.98
4 PR COMWLTH-IMPT-A 5.00% 07/01/27 -4.01% 73.07 76.13
5 UNIV TX 5.26% 07/01/39 -3.69% 129.45 134.41
6 ANAHEIM REDEV-REF-B 6.51% 02/01/31 -3.51% 116.02 120.24
7 MET PIER 0.00% 06/15/26 -3.32% 83.11 85.96
8 CHICAGO BOE CAB-B-1 0.00% 12/01/28 -3.15% 75.86 78.32
9 E-470 PUB HWY AUTH 0.00% 09/01/29 -2.81% 78.71 80.98
10 UNIV DELAWARE-BABS 5.87% 11/01/40 -2.50% 129.77 133.09
  •  Showcases the top 10 Muni Bond "Winners" and "Losers" based on price movements between 11/29/19 - 12/6/19
TOP 10 STATE WINNERS
Rank State Name Chg Yld Yld - 1W
1 NC -34 bps 1.77% 2.10%
2 HI -25 bps 1.82% 2.08%
3 ME -23 bps 1.87% 2.10%
4 CT -18 bps 2.28% 2.47%
5 FL -14 bps 1.93% 2.08%
6 MI -14 bps 2.56% 2.69%
7 VA -13 bps 1.67% 1.80%
8 SC -12 bps 2.15% 2.27%
9 AL -11 bps 1.98% 2.09%
10 CO -11 bps 2.14% 2.25%
TOP 10 STATE LOSERS
Rank State Name Chg Yld Yld - 1W
1 IL 39 bps 3.31% 2.91%
2 NV 34 bps 2.17% 1.82%
3 MS 29 bps 2.36% 2.07%
4 OH 23 bps 2.34% 2.11%
5 NE 22 bps 2.08% 1.86%
6 KS 18 bps 2.41% 2.23%
7 AZ 14 bps 3.15% 3.01%
8 OR 8 bps 2.10% 2.02%
9 PA 6 bps 2.38% 2.32%
10 WI 3 bps 2.38% 2.34%
  •  Showcases the top 10 Muni State "Winners" and "Losers" based on yield movements between 11/29/19 - 12/6/19

 

 10 Yr Yield by State - All
  • Displays the average Muni 10 year yield by state between 11/29/19 - 12/6/19 (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 11/29/19 - 12/6/19 (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 11/29/19 - 12/6/19 (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 11/29/19 - 12/6/19
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE COUPON MATURITY

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 FL ST HGR EDU 5.00% 10/01/35 8 40 32 400%
2 GWINNETT CO 5.00% 08/01/28 27 52 25 93%
3 SANTA FE SPRINGS DEV 2.25% 09/01/24 2 25 23 1150%
4 LAS VEGAS VY WTR-B-RF 3.91% 06/01/20 3 25 22 733%
5 OHIO ST-C 5.00% 03/01/24 5 27 22 440%
6 NEW YORK NY-B-1 3.00% 10/01/44 26 47 21 81%
7 COOK CO SD#149-A-TXBL 4.50% 12/01/25 4 25 21 525%
8 CALIFORNIA HLTH FA 5.00% 11/15/35 13 34 21 162%
9 NIV SYS OF MD 5.00% 04/01/29 5 25 20 400%
10 MD DEPT OF TRANSPRTN 5.00% 10/01/28 15 34 19 127%
  • Exhibits the Munis with the largest increase in quote volume for the week ending 11/29/19 vs. the week ending 12/6/19
MOST QUOTED MUNIS
RANK TRANCHE COUPON MATURITY DEALERS
1 ILLINOIS FIN AUTH 5.00% 12/01/26 13
2 CHARLOTTE-B 5.00% 07/01/27 12
3 RESTRUCTURED-SER A-2 4.33% 07/01/40 12
4 MN ST-A 5.00% 08/01/26 12
5 PR SALES TAX FING-A1 0.00% 07/01/51 11
6 GWINNETT CO 5.00% 08/01/28 11
7 NY ST THRUWAY AUTH-B 4.00% 01/01/40 11
8 DIST OF COLUMBIA INCO 5.00% 03/01/31 11
9 TRIBOROUGH BRIDGE-C 4.00% 11/15/43 11
10 NEW YORK NY-B-1 3.00% 10/01/44 11
  • Ranks the Munis that were quoted by the highest number of dealers between 11/29/19 - 12/6/19

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