Solve Advisors Municipal Bond Market Summaries

  

Municipal Bond Market Summary - Week Ending 10/25/19

Michael Pellerito, October 28, 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 COMWLTH SER A 5.00% 07/01/18 4.48% 73.89 70.72
2 PR COMWLTH UNREF-A 5.00% 07/01/34 2.79% 74.12 72.11
3 BRUNSWICK SD-TXB-A-FA 6.38% 12/01/26 2.37% 119.36 116.60
4 STHRN CA 5.00% 11/01/33 2.28% 131.05 128.14
5 JEA ELEC-TXB-3-E-BABS 5.35% 10/01/30 2.26% 120.39 117.73
6 OHIO ST UNIV-TXBL-A 3.80% 12/01/46 1.87% 113.32 111.24
7 KY ECON DEV-A-REF 4.00% 12/01/41 1.75% 112.22 110.29
8 STEWART MANOR NY VLG 2.00% 08/01/33 1.65% 97.33 95.75
9 WSTRN MN MUNI PWR AGY 3.16% 01/01/39 1.57% 101.56 99.99
10 UNIV PR SYS-SER Q 5.00% 06/01/30 1.54% 99.00 97.50
TOP 10 BOND LOSERS
Rank Bond Name Coupon Maturity Chg Price Price - 1W
1 NYS DORM-F-BABS-UNREF 5.63% 03/15/39 -5.18% 126.52 133.43
2 MIAMI-DADE CNTY AVIAT 2.53% 10/01/30 -4.62% 94.20 98.76
3 MONTANA ST BRD OF RGT 3.23% 11/15/49 -3.99% 100.02 104.17
4 EMERY CA USD -CABS 0.00% 08/01/39 -3.39% 48.22 49.91
5 HARRIS CO MUD #180 2.63% 03/01/43 -3.37% 94.55 97.85
6 VLG CTR CDD-B-REF-TXB 5.02% 10/01/36 -3.02% 119.62 123.34
7 BERKS CO IDA HLTH-REF 4.00% 11/01/47 -2.98% 104.08 107.28
8 ARIZONA TRANS BD-REF 5.00% 07/01/25 -2.83% 116.68 120.08
9 CHAFFEY CMNTY CLG DT- 2.90% 06/01/36 -2.77% 97.38 100.16
10 NORTHSTAR SVCS CFD #1 5.55% 09/01/36 -2.73% 77.96 80.15
  •  Showcases the top 10 Muni Bond "Winners" and "Losers" based on price movements between 10/18/19 - 10/25/19
TOP 10 STATE WINNERS
Rank State Name Chg Yld Yld - 1W
1 IL -52 bps 2.43% 2.95%
2 MO -50 bps 1.34% 1.85%
3 HI -18 bps 2.15% 2.34%
4 ME -17 bps 1.79% 1.96%
5 AK -17 bps 1.88% 2.04%
6 NV -14 bps 2.18% 2.32%
7 FL -12 bps 2.02% 2.15%
8 LA -12 bps 2.00% 2.13%
9 DC -8 bps 2.06% 2.14%
10 TX -6 bps 2.16% 2.23%
TOP 10 STATE LOSERS
Rank State Name Chg Yld Yld - 1W
1 RI 34 bps 2.25% 1.92%
2 GA 23 bps 2.15% 1.92%
3 NC 20 bps 1.93% 1.73%
4 MA 20 bps 2.06% 1.86%
5 NJ 18 bps 2.20% 2.02%
6 CT 17 bps 2.22% 2.05%
7 CO 15 bps 2.20% 2.04%
8 OR 12 bps 2.14% 2.02%
9 SC 10 bps 2.10% 2.00%
10 KS 8 bps 2.26% 2.17%
  •  Showcases the top 10 Muni State "Winners" and "Losers" based on yield movements between 10/18/19 - 10/25/19

 

 10 Yr Yield by State - All
  • Displays the average Muni 10 year yield by state between 10/18/19 - 10/25/19 (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 10/18/19 - 10/25/19 (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 10/18/19 - 10/25/19 (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 10/18/19 - 10/25/19
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE COUPON MATURITY

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 NATIONAL FIN AUTH NH 5.25% 07/01/39 5 35 30 600%
2 EAGLE CO SD 5.00% 12/01/30 18 45 27 150%
3 HAWAII ST-FT 5.00% 01/01/31 5 32 27 540%
4 E BAY MUN UTIL DT-B 5.00% 06/01/30 6 33 27 450%
5 MARYLAND-A 5.00% 03/15/27 12 36 24 200%
6 KY PUB ENERGY-C-1 4.00% 12/01/49 17 41 24 141%
7 NY LIBERTY-1-TRD CTR 5.00% 09/15/30 16 40 24 150%
8 TX WTR DEV BRD-A 5.00% 10/15/31 4 26 22 550%
9 DE ST-REF-C 5.00% 03/01/23 2 24 22 1100%
10 ENERGY NW ELEC REV-A 5.00% 07/01/36 3 24 21 700%
  • Exhibits the Munis with the largest increase in quote volume for the week ending 10/18/19 vs. the week ending 10/25/19
MOST QUOTED MUNIS
RANK TRANCHE COUPON MATURITY DEALERS
1 PR SALES TAX FING-A1 5.00% 07/01/58 14
2 CALIFORNIA 4.00% 10/01/44 14
3 ARKANSAS ST DEV FIN A 4.50% 09/01/49 13
4 NY ST THRUWAY AUTH-B 3.00% 01/01/46 13
5 WASHINGTON DC MET-B 5.00% 07/01/36 13
6 HOUSTON-UTL SYS-B-REF 5.00% 11/15/36 12
7 FULTON CO DEV AUTH 3.00% 07/01/44 12
8 OHIO ST AIR QUALITY D 5.00% 07/01/49 11
9 MASSACHUSETTS ST DEPT 5.00% 01/01/30 11
10 OHIO ST WTR DEV AUTH 5.00% 12/01/38 11
  • Ranks the Munis that were quoted by the highest number of dealers between 10/18/19 - 10/25/19

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