Solve Advisors Municipal Bond Market Summaries

  

Municipal Bond Market Summary - Week Ending 1/17/20

Michael Pellerito, January 21, 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 PR HWY/TRN-SUB 5.00% 07/01/28 18.94% 16.50 13.88
2 IL SPORTS FACS-CABS 0.00% 06/15/25 9.38% 89.75 82.06
3 BEAUMONT USD-C-CABS 0.00% 08/01/44 5.52% 47.93 45.43
4 MET PIER CAB-A-MCCORM 0.00% 12/15/31 5.00% 68.36 65.11
5 NYC FIN-TXB-S-1B-BABS 6.83% 07/15/40 3.69% 139.86 134.88
6 MA CONS LN-BABS 5.46% 12/01/39 3.67% 129.68 125.09
7 ILLINOIS ST-BABS 6.75% 03/01/29 3.50% 120.98 116.89
8 CONNECTICUT ST 3.80% 09/15/26 3.29% 109.06 105.58
9 NJ TRN TR FD SER-A 0.00% 12/15/37 3.28% 57.78 55.95
10 DASNY -REV - F 2.96% 02/15/32 3.06% 103.43 100.36
TOP 10 BOND LOSERS
Rank Bond Name Coupon Maturity Chg Price Price - 1W
1 SAN BERNARDINO USD-QS 8.05% 02/01/23 -5.84% 109.71 116.51
2 FL BOE LOTTERY REV-A 5.00% 07/01/28 -4.24% 123.90 129.38
3 STEPHEN F AUSTIN UNIV 5.00% 10/15/26 -2.21% 124.82 127.64
4 MN ST-SER B 5.00% 08/01/20 -2.02% 102.17 104.27
5 BALTIMORE-B-REF 5.00% 10/15/20 -1.96% 102.86 104.92
6 NYC TRAN FIN AUTH-S-1 5.00% 07/15/32 -1.96% 105.84 107.95
7 NY ST DORM AUTH-COLUM 5.00% 10/01/20 -1.95% 102.76 104.80
8 PORT SAINT LUCIE FL P 5.00% 09/01/20 -1.95% 102.35 104.38
9 NEW YORK-SER A-1 5.00% 08/01/21 -1.93% 105.85 107.94
10 NEW YORK NY 5.00% 08/01/20 -1.86% 102.12 104.05
  •  Showcases the top 10 Muni Bond "Winners" and "Losers" based on price movements between 1/10/20 - 1/17/20
TOP 10 STATE WINNERS
Rank State Name Chg Yld Yld - 1W
1 NV -49 bps 1.73% 2.22%
2 AZ -47 bps 2.01% 2.48%
3 OH -46 bps 1.85% 2.31%
4 UT -45 bps 1.56% 2.00%
5 IL -40 bps 2.73% 3.12%
6 MI -39 bps 2.07% 2.46%
7 NE -36 bps 2.03% 2.40%
8 MT -35 bps 1.92% 2.27%
9 CT -26 bps 2.16% 2.42%
10 KS -26 bps 2.17% 2.43%
TOP 10 STATE LOSERS
Rank State Name Chg Yld Yld - 1W
1 NH 43 bps 2.15% 1.73%
2 IA 11 bps 1.74% 1.63%
3 MA 11 bps 1.70% 1.59%
4 HI 10 bps 1.94% 1.84%
5 KY 8 bps 2.74% 2.67%
6 WA 7 bps 1.90% 1.83%
7 NC 4 bps 1.84% 1.79%
8 WI 4 bps 2.00% 1.96%
9 SC 2 bps 2.07% 2.05%
10 MS 1 bps 2.12% 2.11%
  •  Showcases the top 10 Muni State "Winners" and "Losers" based on yield movements between 1/10/20 - 1/17/20

 

 10 Yr Yield by State - All
  • Displays the average Muni 10 year yield by state between 1/10/20 - 1/17/20 (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 1/10/20 - 1/17/20 (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 1/10/20 - 1/17/20 (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 1/10/20 - 1/17/20
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE COUPON MATURITY

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 MICHIGAN ST UNIV-B 5.00% 02/15/48 11 60 49 445%
2 INDIANA FIN AUTH IN-A 5.00% 10/01/49 6 42 36 600%
3 EL PASO ISD 4.00% 08/15/45 4 35 31 775%
4 PORT AUTH OF NEW YORK 5.00% 11/01/44 10 40 30 300%
5 FOOTHILL ETC CLG -A 0.00% 08/01/34 14 44 30 214%
6 PORT AUTH OF NEW YORK 5.00% 11/01/39 7 35 28 400%
7 WEST VIRGINIA ST-A 5.00% 12/01/41 7 35 28 400%
8 COAST CMNTY CLG DIST 0.00% 08/01/28 12 39 27 225%
9 FOOTHILL ETC CLG -A 0.00% 08/01/36 12 39 27 225%
10 COLORADO-A-REF-COPS 4.00% 11/01/27 5 32 27 540%
  • Exhibits the Munis with the largest increase in quote volume for the week ending 1/10/20 vs. the week ending 1/17/20
MOST QUOTED MUNIS
RANK TRANCHE COUPON MATURITY DEALERS
1 ILLINOIS ST-D 5.00% 11/01/26 15
2 DASNY-REV-A-GRP 4-REF 5.00% 03/15/44 15
3 MONTGOMERY CNTY PA HG 5.00% 09/01/33 14
4 NEW JERSEY ST HLTH CA 5.00% 07/01/29 13
5 MICHIGAN ST UNIV-B 5.00% 02/15/48 12
6 PUB FIN AUTH-A-REF 4.00% 10/01/49 12
7 PR SALES TAX FING-A1 0.00% 07/01/24 12
8 COLUMBUS OH 5.00% 04/01/31 12
9 LOS ANGELES CA DEPT O 5.00% 05/15/34 12
10 NEW YORK CITY NY MUNI 4.00% 06/15/42 12
  • Ranks the Munis that were quoted by the highest number of dealers between 1/10/20 - 1/17/20

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