Solve Advisors Municipal Bond Market Summaries

  

Municipal Bond Market Summary - Week Ending 1/3/20

Michael Pellerito, January 06, 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-REF-A 4.13% 07/01/22 9.15% 69.25 63.44
2 CALIFORNIA ST INFRAST 3.67% 07/01/34 5.15% 108.56 103.24
3 CENT PUGET TRN S/TAX 4.75% 02/01/28 4.67% 112.90 107.87
4 BI-ST DEV AGY OF THE 5.00% 10/01/30 3.22% 134.21 130.03
5 FL DEV FIN CORP-A-AMT 6.25% 01/01/49 3.18% 99.31 96.25
6 ARIZONA HEALTH FACS 1.48% 01/01/37 2.78% 99.73 97.03
7 PALOMAR CDD-D 4.00% 08/01/46 2.15% 114.27 111.86
8 PALM BEACH TOWN-TXBL 3.00% 01/01/37 1.64% 102.87 101.21
9 PORTSMOUTH-B-REF-TXBL 2.50% 02/01/34 1.63% 96.04 94.50
10 NJ ECON DEV AUTH 4.00% 06/15/44 1.63% 106.76 105.05
TOP 10 BOND LOSERS
Rank Bond Name Coupon Maturity Chg Price Price - 1W
1 CA HLTH ST FRANCIS-C 5.88% 11/01/23 -2.64% 112.45 115.50
2 DOWNTOWN SMYRNA DEV 5.25% 02/01/28 -2.59% 118.94 122.11
3 STOCKTON USD-TXB-C 7.08% 08/01/27 -2.08% 121.51 124.09
4 MS DEV-BABS-HARRISON 6.59% 01/01/35 -1.99% 130.03 132.67
5 WALNUT VLY UNIF SD 2.30% 08/01/28 -1.53% 98.48 100.01
6 TODD CREEK MET-A-REF 5.00% 12/01/23 -1.51% 108.84 110.50
7 HORRY CNTY 5.00% 07/01/40 -1.49% 102.20 103.75
8 MCGEE CREEK WTR 6.00% 01/01/23 -1.48% 108.79 110.42
9 MASON CO SD#309-REF 4.00% 12/01/36 -1.31% 112.23 113.72
10 BAY AREA TOLL-F-2 6.26% 04/01/49 -1.30% 154.36 156.40
  •  Showcases the top 10 Muni Bond "Winners" and "Losers" based on price movements between 12/27/19 - 1/3/20
TOP 10 STATE WINNERS
Rank State Name Chg Yld Yld - 1W
1 AZ -92 bps 2.16% 3.07%
2 MI -37 bps 2.18% 2.55%
3 OH -37 bps 2.10% 2.47%
4 IL -33 bps 2.83% 3.16%
5 MO -33 bps 2.00% 2.33%
6 UT -32 bps 1.74% 2.05%
7 KS -31 bps 2.01% 2.31%
8 CO -27 bps 1.97% 2.24%
9 MT -27 bps 2.10% 2.37%
10 IA -27 bps 1.92% 2.19%
TOP 10 STATE LOSERS
Rank State Name Chg Yld Yld - 1W
1 GA 42 bps 2.24% 1.82%
2 WI 14 bps 1.94% 1.80%
3 SC 10 bps 2.06% 1.96%
4 MN 9 bps 2.14% 2.06%
5 AL 8 bps 1.92% 1.84%
6 FL 6 bps 1.95% 1.89%
7 NV 6 bps 2.20% 2.14%
8 NJ 5 bps 2.14% 2.09%
9 NY 5 bps 2.07% 2.02%
10 OR 3 bps 2.11% 2.08%
  •  Showcases the top 10 Muni State "Winners" and "Losers" based on yield movements between 12/27/19 - 1/3/20

 

 10 Yr Yield by State - All
  • Displays the average Muni 10 year yield by state between 12/27/19 - 1/3/20 (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 12/27/19 - 1/3/20 (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 12/27/19 - 1/3/20 (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 12/27/19 - 1/3/20
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE COUPON MATURITY

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 WASHOE CO NV SD-B 5.00% 10/01/29 1 29 28 2800%
2 LOS ANGELES CA DEPT O 5.00% 07/01/44 13 38 25 192%
3 DIST OF COLUMBIA-A 5.00% 06/01/34 20 41 21 105%
4 EDINBURG CONS ISD-REF 5.00% 02/15/30 6 27 21 350%
5 OHIO ST-A 4.00% 02/01/31 4 24 20 500%
6 WESTCHESTER CNTY -D 4.00% 12/15/29 9 28 19 211%
7 MT SAN ANTONIO CCD-A 5.00% 08/01/44 6 24 18 300%
8 SAN FRANCISCO ARPT 20 5.00% 05/01/45 16 34 18 113%
9 CALIFORNIA 3.00% 10/01/34 6 24 18 300%
10 CALIFORNIA ST-REF 5.00% 08/01/36 4 20 16 400%
  • Exhibits the Munis with the largest increase in quote volume for the week ending 12/27/19 vs. the week ending 1/3/20
MOST QUOTED MUNIS
RANK TRANCHE COUPON MATURITY DEALERS
1 OHIO ST -A-COMMON SCH 5.00% 06/15/30 12
2 NY ST URBAN DEV CORP 3.00% 03/15/49 12
3 MONTGOMERY CNTY PA HG 5.00% 09/01/33 12
4 COLUMBUS OH 5.00% 04/01/26 12
5 NEW YORK CITY NY TRAN 4.00% 11/01/39 11
6 DIST OF COLUMBIA-A 5.00% 06/01/34 11
7 GLENDALE TRN EXCISE 5.00% 07/01/28 11
8 OSCEOLA CNTY FL TRANS 4.00% 10/01/54 11
9 MARYLAND ST HLTH &HGR 5.00% 10/01/49 11
10 NY LIBERTY DEV CORP 2.45% 09/15/69 10
  • Ranks the Munis that were quoted by the highest number of dealers between 12/27/19 - 1/3/20

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