Solve Advisors Municipal Bond Market Summaries

  

Municipal Bond Market Summary - Week Ending 2/7/20

Michael Pellerito, February 10, 2020

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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 DALLAS-A-REF 5.00% 10/01/44 6.91% 118.63 110.97
2 PR COMWLTH SER A 5.25% 07/01/29 6.06% 86.17 81.25
3 DUTCHESS CO LOCAL DEV 3.00% 07/01/29 5.17% 107.15 101.89
4 NEW JERSEY ST ECON DE 3.87% 06/15/33 4.48% 106.66 102.09
5 IL ST-B-TXBL- 5.75% 01/01/37 4.44% 113.51 108.68
6 ORANGE CO FL-REF-TXBL 2.65% 01/01/31 4.08% 103.54 99.49
7 LACKAWANNA TXB-SER A 7.25% 10/01/29 4.04% 129.77 124.73
8 NJ TRN CAB-C-BHAC 0.00% 12/15/28 3.83% 85.48 82.33
9 UNIV OF COLORADO -A-T 2.86% 06/01/33 3.62% 105.48 101.80
10 UNIV OF AKRON-A-REF 5.00% 01/01/30 3.60% 132.86 128.24
TOP 10 BOND LOSERS
Rank Bond Name Coupon Maturity Chg Price Price - 1W
1 PR ELEC SER TT 5.00% 07/01/25 -6.08% 78.66 83.75
2 DE VLY FIN -A 5.50% 08/01/28 -3.21% 123.62 127.71
3 MERCED UHSD-C-CABS 0.00% 08/01/33 -2.96% 74.89 77.17
4 BROOKINGS SCH DIST 3.50% 08/01/38 -2.24% 106.80 109.24
5 KY ST TPK-TXB-B-REVIT 5.24% 07/01/25 -2.05% 109.87 112.17
6 PORT AUTH OF NEW YORK 3.29% 08/01/69 -1.99% 105.57 107.72
7 MARYLAND ST-A 5.00% 03/15/28 -1.93% 126.77 129.27
8 VENTURA CA UNIF SD 5.00% 08/01/31 -1.88% 131.25 133.76
9 CAPE MAY CNTY 3.00% 10/01/28 -1.83% 110.23 112.28
10 SALES TAX SECURITIZTN 3.41% 01/01/43 -1.82% 103.07 104.98
  •  Showcases the top 10 Muni Bond "Winners" and "Losers" based on price movements between 1/31/20 - 2/7/20
TOP 10 STATE WINNERS
Rank State Name Chg Yld Yld - 1W
1 UT -57 bps 1.64% 2.21%
2 MT -34 bps 1.74% 2.08%
3 MN -33 bps 1.48% 1.81%
4 GA -27 bps 1.72% 1.98%
5 NE -19 bps 1.72% 1.91%
6 DC -19 bps 1.94% 2.12%
7 AZ -10 bps 2.22% 2.32%
8 MD -10 bps 1.76% 1.86%
9 IL -7 bps 2.82% 2.89%
10 MA -7 bps 1.57% 1.64%
TOP 10 STATE LOSERS
Rank State Name Chg Yld Yld - 1W
1 HI 39 bps 2.18% 1.79%
2 KS 28 bps 2.48% 2.20%
3 OH 23 bps 2.10% 1.87%
4 AL 14 bps 1.80% 1.66%
5 NV 14 bps 1.98% 1.84%
6 KY 14 bps 2.61% 2.46%
7 NJ 12 bps 1.89% 1.77%
8 WA 10 bps 1.91% 1.81%
9 CT 10 bps 2.31% 2.21%
10 MO 8 bps 1.85% 1.77%
  •  Showcases the top 10 Muni State "Winners" and "Losers" based on yield movements between 1/31/20 - 2/7/20

 

 10 Yr Yield by State - All
  • Displays the average Muni 10 year yield by state between 1/31/20 - 2/7/20 (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 1/31/20 - 2/7/20 (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 1/31/20 - 2/7/20 (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 1/31/20 - 2/7/20
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE COUPON MATURITY

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 MO HLTH & EDU FACS-B 3.50% 12/01/32 6 30 24 400%
2 LAKELAND ENERGY-REF 2.75% 10/01/28 8 31 23 288%
3 ALEXANDRIA-A 3.00% 07/15/35 5 28 23 460%
4 BEXAR CO TX 4.00% 06/15/46 5 27 22 440%
5 VA CLG BLDG-A 5.00% 02/01/27 4 25 21 525%
6 CAMDEN IMPT AUTH-A 5.00% 01/15/34 9 30 21 233%
7 UNIV OF VA-A-REF 5.00% 04/01/38 6 27 21 350%
8 DE KALB W/S REF-B 5.25% 10/01/32 29 50 21 72%
9 SWEETWATER UHSD-CAB-C 0.00% 08/01/23 14 34 20 143%
10 MT PLEASANT ESD 3.00% 08/01/49 2 22 20 1000%
  • Exhibits the Munis with the largest increase in quote volume for the week ending 1/31/20 vs. the week ending 2/720
MOST QUOTED MUNIS
RANK TRANCHE COUPON MATURITY DEALERS
1 ILLINOIS ST-D 5.00% 11/01/26 14
2 WELD CO SCH DIST #6 5.00% 12/01/38 14
3 WASHINGTON ST-2020A 5.00% 08/01/40 14
4 WASHINGTON ST-2020A 5.00% 08/01/38 13
5 MET NASHVILLE TN ARPT 4.00% 07/01/49 13
6 FRANKLIN CO 5.00% 11/01/48 13
7 FARMINGTON HILLS 3.00% 10/01/31 13
8 NEW HAMPSHIRE ST HLTH 5.00% 08/01/59 13
9 ALLEGHENY HOSP DEV-A 5.00% 04/01/47 12
10 DASNY-REV-A-GRP 4-REF 5.00% 03/15/45 12
  • Ranks the Munis that were quoted by the highest number of dealers between 1/31/20 - 2/7/20

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