Solve Advisors Municipal Bond Market Summaries

  

Municipal Bond Market Summary - Week Ending 11/22/19

Michael Pellerito, November 25, 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 NYC FIN-TXB-S-1B-BABS 6.83% 07/15/40 5.96% 140.90 132.98
2 UNIV OF VA-C-TXBL 4.18% 09/01/17 5.40% 123.00 116.69
3 N RICHLAND HILLS -B 2.79% 02/15/31 4.87% 99.83 95.20
4 UNIV OF NC BOARD 5.00% 02/01/45 4.45% 141.83 135.79
5 CENT PUGET TRN S/TAX 4.85% 02/01/24 3.51% 110.07 106.34
6 MIAMI GARDENS-BABS 7.00% 06/01/32 3.41% 133.00 128.62
7 MA EDL FIN-K-AMT 5.25% 07/01/29 3.19% 108.89 105.52
8 MA EDL FIN-J-ED REV 5.50% 07/01/27 3.15% 105.99 102.75
9 CHICAGO-B-REF-TXBL 6.31% 01/01/44 2.88% 111.94 108.80
10 NJ ST ECON DEV-SER KK 5.00% 03/01/38 2.88% 109.92 106.84
TOP 10 BOND LOSERS
Rank Bond Name Coupon Maturity Chg Price Price - 1W
1 SAVANNAH ECON DEV-REF 4.23% 01/01/33 -5.63% 111.26 117.89
2 HOUSTON TXB-B-PENSION 6.29% 03/01/32 -5.44% 115.20 121.82
3 PR ELEC PWR-CCC 4.80% 07/01/28 -4.18% 73.90 77.12
4 MIAMI FL HLTH FACS AU 5.13% 07/01/46 -3.73% 109.12 113.35
5 TWENTYNINE REDEV-A 4.25% 09/01/42 -2.75% 106.43 109.45
6 TEXAS A&M UNIV RGTS-D 3.58% 05/15/40 -2.62% 104.89 107.71
7 ALAMEDA CORRIDOR-B 4.00% 10/01/37 -2.26% 110.21 112.76
8 VIRGINIA ST HSG DEV A 3.20% 10/01/49 -2.19% 96.79 98.95
9 MONTGOMERY CNTY OH HO 3.00% 11/15/40 -2.10% 94.47 96.50
10 SOUTH SAN ANTONIO-CAB 0.00% 08/15/33 -1.91% 74.39 75.85
  •  Showcases the top 10 Muni Bond "Winners" and "Losers" based on price movements between 11/15/19 - 11/22/19
TOP 10 STATE WINNERS
Rank State Name Chg Yld Yld - 1W
1 AR -38 bps 2.35% 2.73%
2 MA -35 bps 2.02% 2.37%
3 HI -25 bps 2.14% 2.39%
4 DC -24 bps 1.80% 2.03%
5 MD -22 bps 1.92% 2.14%
6 MI -19 bps 2.48% 2.67%
7 NE -17 bps 1.98% 2.16%
8 AZ -16 bps 2.60% 2.75%
9 OH -15 bps 2.15% 2.30%
10 PA -15 bps 2.35% 2.49%
TOP 10 STATE LOSERS
Rank State Name Chg Yld Yld - 1W
1 GA 31 bps 2.22% 1.91%
2 WI 22 bps 2.45% 2.23%
3 IA 10 bps 2.04% 1.94%
4 FL 7 bps 2.13% 2.06%
5 CO 6 bps 2.18% 2.12%
6 KS 5 bps 2.45% 2.40%
7 ME 4 bps 1.81% 1.77%
8 UT 2 bps 1.96% 1.94%
9 VA 1 bps 1.95% 1.93%
10 NY 0 bps 2.27% 2.26%
  •  Showcases the top 10 Muni State "Winners" and "Losers" based on yield movements between 11/15/19 - 11/22/19

 

 10 Yr Yield by State - All
  • Displays the average Muni 10 year yield by state between 11/15/19 - 11/22/19 (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 11/15/19 - 11/22/19 (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 11/15/19 - 11/22/19 (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 11/15/19 - 11/22/19
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE COUPON MATURITY

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 LOWER MERION SCH DT 5.00% 04/01/25 2 28 26 1300%
2 USF FING CORP-COPS 4.00% 07/01/48 11 36 25 227%
3 NY THRUWAY AUTH-A 5.00% 03/15/30 10 35 25 250%
4 OHIO ST -A 5.00% 05/01/26 5 30 25 500%
5 LEE CNTY FL SOL WST 5.00% 10/01/25 6 30 24 400%
6 HONOLULU-A 4.00% 07/01/39 5 29 24 480%
7 NORTHSIDE ISD-A-CONV 4.00% 06/01/31 3 27 24 800%
8 MISSOURI ST HLTH & ED 5.00% 02/15/26 5 28 23 460%
9 NASSAU CNTY-REF-A 5.00% 01/01/27 2 25 23 1150%
10 SAN FRANCISCO CITY-A 4.00% 04/01/38 1 24 23 2300%
  • Exhibits the Munis with the largest increase in quote volume for the week ending 11/15/19 vs. the week ending 11/22/19
MOST QUOTED MUNIS
RANK TRANCHE COUPON MATURITY DEALERS
1 CA EDU FACS AUTH-U6 5.00% 05/01/45 14
2 ARKANSAS ST DEV FIN A 4.50% 09/01/49 13
3 HOUSTON-UTL SYS-B-REF 5.00% 11/15/36 13
4 ILLINOIS FIN AUTH 5.00% 12/01/26 13
5 NJ ECON DEV AUTH 5.00% 06/15/34 13
6 CHARLOTTE-B 5.00% 07/01/27 12
7 CALIFORNIA ST-REF 5.00% 04/01/37 12
8 NY ST THRUWAY AUTH-B 4.00% 01/01/40 11
9 BROWARD BO-WTR SWR-A 4.00% 10/01/44 11
10 FEDERAL WAY SD#210 3.00% 12/01/39 11
  • Ranks the Munis that were quoted by the highest number of dealers between 11/15/19 - 11/22/19

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