Solve Advisors Municipal Bond Market Summaries

  

Municipal Bond Market Summary - Week Ending 11/8/19

Michael Pellerito, November 12, 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-REF-A 4.75% 07/01/30 5.72% 65.55 62.00
2 MAINE HLTH & HGR-B 5.00% 07/01/33 4.41% 125.19 119.90
3 IL FIN AUTH-A 6.13% 04/01/49 3.49% 118.50 114.50
4 PENINSULA PORT 1.70% 10/01/33 3.15% 103.87 100.70
5 HARRIS CULTL ED-A 5.00% 12/01/29 2.23% 118.28 115.70
6 PA TPK-A 5.00% 12/01/21 2.08% 110.00 107.75
7 SAUSALITO CAB-B-FIRE 0.00% 08/01/37 2.00% 63.05 61.81
8 PUERTO RICO-A 8.00% 07/01/35 1.77% 61.57 60.49
9 CHEROKEE WTR/SWR REF 5.50% 08/01/23 1.69% 111.71 109.86
10 HOUSTON TX UTL SYS-C 2.98% 11/15/42 1.64% 96.13 94.58
TOP 10 BOND LOSERS
Rank Bond Name Coupon Maturity Chg Price Price - 1W
1 CA CMTY DEV AUTH 6.50% 06/01/35 -6.14% 53.50 57.00
2 CUPERTINO UNION SD 3.00% 08/01/37 -6.07% 98.12 104.47
3 PR ELEC 4.25% 07/01/20 -4.75% 66.44 69.75
4 NYC SER A2 5.21% 10/01/31 -4.20% 115.91 120.99
5 PA TURNPIKE COMM -B 5.00% 12/01/40 -4.09% 115.70 120.63
6 BOLINGBROOK-B 0.00% 01/01/30 -3.93% 76.61 79.74
7 MAURY CNTY 2.50% 04/01/36 -3.87% 95.16 99.00
8 PORT AUTH OF NEW YORK 3.29% 08/01/69 -3.72% 95.80 99.50
9 MO ST HLTH & EDU FACS 3.65% 01/15/46 -3.62% 107.50 111.53
10 FORT BEND CO MUD #215 2.50% 09/01/37 -3.61% 90.75 94.15
  •  Showcases the top 10 Muni Bond "Winners" and "Losers" based on price movements between 11/1/19 - 11/8/19
TOP 10 STATE WINNERS
Rank State Name Chg Yld Yld - 1W
1 NV -19 bps 2.23% 2.42%
2 OH -5 bps 2.25% 2.30%
3 NC -5 bps 2.02% 2.07%
4 DC -4 bps 2.05% 2.09%
5 NM -3 bps 1.95% 1.98%
6 AL -3 bps 2.12% 2.15%
7 HI -3 bps 2.05% 2.08%
8 IA -3 bps 2.12% 2.15%
9 IL -2 bps 3.06% 3.08%
10 KS -1 bps 2.34% 2.34%
TOP 10 STATE LOSERS
Rank State Name Chg Yld Yld - 1W
1 IN 37 bps 2.88% 2.50%
2 AR 34 bps 2.58% 2.24%
3 CO 34 bps 2.36% 2.02%
4 MA 32 bps 2.39% 2.08%
5 ME 30 bps 2.22% 1.92%
6 NY 21 bps 2.39% 2.18%
7 MS 20 bps 2.38% 2.18%
8 WI 19 bps 2.37% 2.18%
9 GA 19 bps 2.11% 1.91%
10 SC 18 bps 2.17% 1.99%
  •  Showcases the top 10 Muni State "Winners" and "Losers" based on yield movements between 11/1/19 - 11/8/19

 

 10 Yr Yield by State - All
  • Displays the average Muni 10 year yield by state between 11/1/19 - 11/8/19 (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 11/1/19 - 11/8/19 (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 11/1/19 - 11/8/19 (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 11/1/19 - 11/8/19
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE COUPON MATURITY

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 CHARLOTTE-B 5.00% 07/01/27 10 50 40 400%
2 GALENA PARK ISD 4.00% 08/15/35 6 34 28 467%
3 CA EDU FACS AUTH-U6 5.00% 05/01/45 46 70 24 52%
4 BAY AREA TOLL-S8-BAM 3.00% 04/01/54 16 40 24 150%
5 CUYAHOGA CO HOSP 5.00% 02/15/57 4 28 24 600%
6 PORT AUTH NY & NJ-202 5.00% 10/15/22 6 30 24 400%
7 CAP TRUST AGY-A 5.25% 12/01/43 6 30 24 400%
8 MASSACHUSETTS ST SCH 5.00% 02/15/49 16 40 24 150%
9 AMERICAN MUNI PWR-A 5.00% 02/15/38 15 39 24 160%
10 TRIBOROUGH BRID-C-REF 5.00% 11/15/36 26 50 24 92%
  • Exhibits the Munis with the largest increase in quote volume for the week ending 11/1/19 vs. the week ending 11/8/19
MOST QUOTED MUNIS
RANK TRANCHE COUPON MATURITY DEALERS
1 CHARLESTON CO SC-B 5.00% 11/01/30 14
2 CA EDU FACS AUTH-U6 5.00% 05/01/45 14
3 ARKANSAS ST DEV FIN A 4.50% 09/01/49 13
4 CALIFORNIA ST-REF 5.00% 04/01/28 13
5 HOUSTON-UTL SYS-B-REF 5.00% 11/15/36 13
6 CO ST HLTH FACS AUTH 4.00% 08/01/49 12
7 ILLINOIS FIN AUTH 5.00% 12/01/26 12
8 ATLANTA ARPT REV-D 4.00% 07/01/37 12
9 SAN FRANCISCO ARPT 5.00% 05/01/26 12
10 SAN ANTONIO TX ELEC & 5.00% 02/01/35 12
  • Ranks the Munis that were quoted by the highest number of dealers between 11/1/19 - 11/8/19

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