Solve Advisors Municipal Bond Market Summaries

  

Municipal Bond Market Summary - Week Ending 10/18/19

Michael Pellerito, October 21, 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 OWENS VY USD ELECTION 0.00% 08/01/33 4.30% 62.20 59.63
2 PR COMWLTH SER A 5.38% 07/01/33 2.39% 75.00 73.25
3 ALAMEDA ETC CAB-REF-B 0.00% 10/01/28 2.22% 75.69 74.04
4 CALEXICO USD CAB-B 0.00% 08/01/28 1.97% 83.44 81.82
5 GUAM GOVT-SER-D-REF 4.00% 11/15/39 1.74% 104.87 103.07
6 CENTRL REGL MOB AUTH 3.38% 01/01/41 1.74% 102.73 100.98
7 ANTELOPE VY HSD-CAB-B 0.00% 08/01/27 1.73% 87.07 85.59
8 SAN JUAN USD-CABS-A 0.00% 08/01/28 1.69% 85.49 84.07
9 PR COMWLTH-IMPT-A 5.25% 07/01/22 1.59% 73.45 72.30
10 DEKALB CO EMGCY DT 3.75% 01/01/42 1.56% 108.12 106.45
TOP 10 BOND LOSERS
Rank Bond Name Coupon Maturity Chg Price Price - 1W
1 CA TOB CAB-D-STANISLA 0.00% 06/01/55 -4.84% 6.20 6.52
2 OHIO ST UNIV-TXBL-A 3.80% 12/01/46 -4.16% 111.24 116.07
3 BERTIE CO-A-QSCB 4.67% 11/01/35 -3.71% 115.03 119.47
4 PITTSBURG USD-B-QSCB 4.92% 08/01/34 -3.23% 116.26 120.14
5 BEAUMONT USD-C-CABS 0.00% 08/01/44 -3.18% 45.09 46.57
6 MICHIGAN ST FIN AUTH 5.02% 11/01/43 -3.13% 120.09 123.97
7 TRIBORO BRDGE-GEN-B 5.50% 11/15/39 -2.87% 131.20 135.07
8 TRAVIS CNTY MUD #17-A 2.50% 09/01/37 -2.81% 97.19 100.00
9 CHICAGO O'HARE ARPT-A 5.00% 01/01/28 -2.79% 122.30 125.81
10 SAN FRANCISCO CNTY CA 3.00% 02/01/30 -2.71% 109.49 112.54
  •  Showcases the top 10 Muni Bond "Winners" and "Losers" based on price movements between 10/11/19 - 10/18/19
TOP 10 STATE WINNERS
Rank State Name Chg Yld Yld - 1W
1 RI -32 bps 1.92% 2.23%
2 MD -29 bps 1.79% 2.08%
3 MT -24 bps 1.72% 1.96%
4 GA -21 bps 1.83% 2.04%
5 CO -9 bps 1.92% 2.00%
6 LA -6 bps 2.13% 2.19%
7 MA -5 bps 1.87% 1.92%
8 AZ -4 bps 2.09% 2.13%
9 MO -4 bps 1.85% 1.89%
10 AL -4 bps 2.04% 2.08%
TOP 10 STATE LOSERS
Rank State Name Chg Yld Yld - 1W
1 UT 31 bps 2.04% 1.73%
2 NV 20 bps 2.32% 2.12%
3 WI 20 bps 2.27% 2.08%
4 MN 19 bps 2.03% 1.85%
5 TX 15 bps 2.22% 2.07%
6 NJ 15 bps 2.04% 1.90%
7 VA 15 bps 1.97% 1.83%
8 OH 14 bps 2.18% 2.04%
9 SC 13 bps 2.01% 1.88%
10 KY 13 bps 2.47% 2.34%
  •  Showcases the top 10 Muni State "Winners" and "Losers" based on yield movements between 10/11/19 - 10/18/19

 

 10 Yr Yield by State - All
  • Displays the average Muni 10 year yield by state between 10/11/19 - 10/18/19 (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 10/11/19 - 10/18/19 (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 10/11/19 - 10/18/19 (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 10/11/19 - 10/18/19
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE COUPON MATURITY

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 OHIO ST -A-COMMON SCH 5.00% 06/15/28 9 49 40 444%
2 OHIO ST -A-COMMON SCH 5.00% 06/15/25 9 49 40 444%
3 NORTH CAROLINA ST 5.00% 03/01/27 8 44 36 450%
4 PHILADELPHIA PA HOSPS 5.00% 07/01/30 22 55 33 150%
5 DELAWARE TRANSPRTN 5.00% 07/01/29 8 40 32 400%
6 OHIO ST -A-COMMON SCH 5.00% 06/15/26 7 39 32 457%
7 JOHNSON CO PUB BLDG-A 5.00% 09/01/25 5 32 27 540%
8 SAN DIEGO ASSN OF GOV 5.00% 11/15/26 11 38 27 245%
9 TENNESSEE ST-A 5.00% 09/01/26 9 35 26 289%
10 DALLAS-A-REF & IMPT 5.00% 02/15/26 13 38 25 192%
  • Exhibits the Munis with the largest increase in quote volume for the week ending 10/11/19 vs. the week ending 10/18/19
MOST QUOTED MUNIS
RANK TRANCHE COUPON MATURITY DEALERS
1 TEXAS ST WTR DEV BRD 4.00% 10/15/44 14
2 SPRING BRANCH ISD 3.00% 02/01/43 14
3 CO ST HLTH FACS AUTH 4.00% 08/01/49 11
4 MASSACHUSETTS ST DEPT 5.00% 01/01/30 11
5 LOS ANGELES CA DEPT O 5.00% 07/01/43 11
6 CALIFORNIA 5.00% 10/01/39 11
7 OKLAHOMA ST DEV FIN 5.25% 08/15/48 11
8 WASHINGTON ST-2020A 5.00% 08/01/32 11
9 LONG ISLAND NY PWR AU 4.00% 09/01/35 11
10 PHILADELPHIA PA HOSPS 5.00% 07/01/30 11
  • Ranks the Munis that were quoted by the highest number of dealers between 10/11/19 - 10/18/19

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