Solve Advisors Municipal Bond Market Summaries

  

Municipal Bond Market Summary - Week Ending 10/11/19

Michael Pellerito, October 15, 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 PHILADELPHIA MUNI-REF 5.00% 04/01/37 5.12% 125.99 119.85
2 PR COMWLTH IMPT-SER B 5.25% 07/01/17 5.03% 73.26 69.75
3 PR COMWLTH-REF-A-IMPT 5.50% 07/01/18 4.82% 72.65 69.31
4 N TX HWY CABS-REF-1ST 0.00% 01/01/34 3.08% 71.70 69.56
5 VERMONT ST -A 3.00% 02/15/39 2.78% 106.92 104.03
6 ALAMEDA CORRIDOR-B 4.00% 10/01/37 2.54% 113.65 110.83
7 WINCHESTER UTIL SYS-A 3.50% 07/01/42 2.51% 106.38 103.77
8 CA HLTH FACS-A 5.00% 08/15/34 2.38% 123.20 120.34
9 MET PIER & EXPOSITION 5.00% 12/15/25 2.36% 115.83 113.16
10 MONTGOMERY CNTY MD-B 3.00% 12/01/29 2.28% 106.67 104.29
TOP 10 BOND LOSERS
Rank Bond Name Coupon Maturity Chg Price Price - 1W
1 INLAND EMPIRE TOB-CAB 0.00% 06/01/57 -14.00% 6.10 7.09
2 CA CMTY DEV AUTH 6.50% 06/01/35 -6.56% 57.00 61.00
3 CHICAGO WTR-TXB-2ND-B 6.74% 11/01/40 -3.12% 140.19 144.71
4 MD HLTH & HGR EDU-A 3.75% 05/15/47 -2.81% 102.95 105.92
5 BOULDER-COPS 2.60% 11/01/33 -2.75% 97.75 100.52
6 AMERN MUN PWR-C 6.05% 02/15/43 -2.74% 139.27 143.20
7 MET TRANS AUTH 6.67% 11/15/39 -2.59% 144.53 148.38
8 FLAGLER CO SCH BRD-A 5.00% 08/01/28 -2.59% 115.98 119.07
9 VIRGINIA ST HSG DEV A 3.30% 10/01/54 -2.47% 98.06 100.55
10 AMERN MUN PWR-B-BABS 6.45% 02/15/44 -2.42% 143.21 146.76
  •  Showcases the top 10 Muni Bond "Winners" and "Losers" based on price movements between 10/4/19 - 10/11/19
TOP 10 STATE WINNERS
Rank State Name Chg Yld Yld - 1W
1 AZ -83 bps 2.12% 2.95%
2 UT -43 bps 1.68% 2.11%
3 MI -19 bps 2.25% 2.44%
4 PA -17 bps 2.15% 2.32%
5 AL -10 bps 2.09% 2.19%
6 CA -7 bps 2.06% 2.13%
7 TX -6 bps 2.06% 2.12%
8 KY -6 bps 2.34% 2.39%
9 NJ -4 bps 1.89% 1.94%
10 SC -4 bps 1.88% 1.92%
TOP 10 STATE LOSERS
Rank State Name Chg Yld Yld - 1W
1 IN 34 bps 2.24% 1.89%
2 MT 29 bps 1.96% 1.66%
3 IA 28 bps 2.11% 1.83%
4 MD 26 bps 2.08% 1.82%
5 RI 26 bps 2.23% 1.97%
6 NV 24 bps 2.13% 1.88%
7 WI 18 bps 2.08% 1.90%
8 GA 17 bps 2.04% 1.87%
9 MA 16 bps 1.92% 1.76%
10 ME 15 bps 1.94% 1.79%
  •  Showcases the top 10 Muni State "Winners" and "Losers" based on yield movements between 10/4/19 - 10/11/19

 

 10 Yr Yield by State - All
  • Displays the average Muni 10 year yield by state between 10/4/19 - 10/11/19 (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 10/4/19 - 10/11/19 (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 10/4/19 - 10/11/19 (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 10/4/19 - 10/11/19
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE COUPON MATURITY

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 DALLAS CO TX HOSP DIS 5.00% 08/15/29 1 39 38 3800%
2 MI FIN AUTH-A-REF 5.00% 12/01/28 3 33 30 1000%
3 DALLAS CO TX HOSP DIS 5.00% 08/15/30 2 29 27 1350%
4 CAP TRUST AGY-A 5.25% 12/01/43 4 29 25 625%
5 MASSACHUSETTS ST-G 5.00% 09/01/26 14 38 24 171%
6 LOS ANGELES WTR PWR-A 5.00% 07/01/49 20 44 24 120%
7 PORT AUTH OF NEW YORK 5.00% 09/01/36 9 33 24 267%
8 MET ST LOUIS SWR DIST 5.00% 05/01/28 4 27 23 575%
9 CA EDUCTNL FACS AUT-A 5.00% 10/01/46 3 26 23 767%
10 LONG ISLAND NY PWR AU 4.00% 09/01/34 12 35 23 192%
  • Exhibits the Munis with the largest increase in quote volume for the week ending 10/4/19 vs. the week ending 10/11/19
MOST QUOTED MUNIS
RANK TRANCHE COUPON MATURITY DEALERS
1 NEW JERSEY ST TRANSPR 3.50% 06/15/46 13
2 RESTRUCTURED-SER A-2 4.33% 07/01/40 12
3 NEW JERSEY ST TRANSPR 3.25% 06/15/39 12
4 CALIFORNIA 5.00% 10/01/39 11
5 TEXAS ST WTR DEV BRD 4.00% 10/15/49 11
6 TEXAS ST WTR DEV BRD 4.00% 10/15/44 11
7 MASSACHUSETTS ST DEPT 5.00% 01/01/30 11
8 PR SALES TAX FING-A1 5.00% 07/01/58 11
9 MARYLAND ST-2ND SER A 5.00% 08/01/31 11
10 OH WTR DEV AUTH 5.00% 12/01/29 10
  • Ranks the Munis that were quoted by the highest number of dealers between 10/4/19 - 10/11/19

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