Solve Advisors Municipal Bond Market Summaries

  

Municipal Bond Market Summary - Week Ending 10/4/19

Michael Pellerito, October 07, 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 NY CONVENTN CTR-B 0.00% 11/15/56 3.54% 34.32 33.15
2 BEAUMONT USD-C-CABS 0.00% 08/01/44 3.51% 46.56 44.98
3 MET PIER 0.00% 06/15/43 3.37% 49.91 48.28
4 MS ST -RECOV ZONE 5.45% 11/01/35 3.27% 134.41 130.15
5 ALABASTER WTR BRD 3.00% 09/01/44 3.19% 101.40 98.27
6 TARRANT CULT FACS-C 4.45% 11/15/43 3.08% 120.74 117.13
7 MET PIER 0.00% 06/15/44 2.89% 43.49 42.27
8 TRIBOROUGH BRIDGE-CAB 0.00% 11/15/31 2.86% 76.04 73.93
9 S CENT CT WTR 6.39% 08/01/40 2.62% 137.94 134.42
10 PORT AUTH OF NEW YORK 3.29% 08/01/69 2.44% 100.36 97.97
TOP 10 BOND LOSERS
Rank Bond Name Coupon Maturity Chg Price Price - 1W
1 PUERTO RICO PUB IMPT 6.00% 07/01/35 -8.13% 66.95 72.88
2 PR COMWLTH SER A 5.25% 07/01/32 -5.88% 72.00 76.50
3 PR PUB IMPT-SER A 5.25% 07/01/22 -5.83% 71.75 76.20
4 EMPLOYEES RETIREMT-A 6.15% 07/01/38 -4.67% 44.45 46.63
5 PR COMLWTH UNREF-A 5.00% 07/01/34 -4.25% 71.78 74.97
6 AGOURA HILLS REDV-A-T 7.24% 10/01/28 -3.44% 124.29 128.72
7 DE KALB SD #428-CABS 0.00% 01/01/30 -2.77% 57.61 59.25
8 FORT BEND CO MUD #215 2.13% 09/01/32 -2.44% 94.66 97.03
9 BONITA USD-TXB-B-1 5.56% 08/01/25 -2.35% 114.47 117.23
10 UTAH ST MUNI PWR AGY 2.64% 07/01/24 -2.22% 102.80 105.13
  •  Showcases the top 10 Muni Bond "Winners" and "Losers" based on price movements between 9/27/19 - 10/4/19
TOP 10 STATE WINNERS
Rank State Name Chg Yld Yld - 1W
1 CT -42 bps 1.88% 2.30%
2 MA -39 bps 1.75% 2.14%
3 IL -38 bps 2.96% 3.34%
4 AK -34 bps 2.03% 2.38%
5 CO -31 bps 1.88% 2.19%
6 NV -31 bps 1.85% 2.15%
7 AZ -30 bps 2.95% 3.25%
8 NY -26 bps 1.98% 2.24%
9 NJ -25 bps 1.93% 2.18%
10 LA -24 bps 2.07% 2.31%
TOP 10 STATE LOSERS
Rank State Name Chg Yld Yld - 1W
1 HI 22 bps 2.21% 1.99%
2 AL 17 bps 2.19% 2.02%
3 MS 14 bps 2.04% 1.89%
4 MI -2 bps 2.44% 2.45%
5 RI -4 bps 1.97% 2.01%
6 MN -4 bps 1.79% 1.83%
7 IA -5 bps 1.83% 1.88%
8 ME -6 bps 1.79% 1.85%
9 WA -6 bps 1.86% 1.92%
10 OH -6 bps 1.97% 2.03%
  •  Showcases the top 10 Muni State "Winners" and "Losers" based on yield movements between 9/27/19 - 10/4/19

 

 10 Yr Yield by State - All
  • Displays the average Muni 10 year yield by state between 9/27/19 - 10/4/19 (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 9/27/19 - 10/4/19 (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 9/27/19 - 10/4/19 (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 9/27/19 - 10/4/19
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE COUPON MATURITY

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 MARYLAND ST-A 4.00% 03/15/30 8 46 38 475%
2 SALT LAKE ARPT REV-B 5.00% 07/01/47 6 38 32 533%
3 PALM BEACH SOLWST-REF 5.00% 10/01/26 4 33 29 725%
4 OHIO HOSP FAC-A-REF 5.00% 01/01/30 1 29 28 2800%
5 WISCONSIN ST TRANSPRT 5.00% 07/01/31 5 31 26 520%
6 PLANO-REF-IMPT 5.00% 09/01/31 14 40 26 186%
7 PA TPK COMM-A-1 5.00% 12/01/46 9 34 25 278%
8 CARSON CITY HOSP 5.00% 09/01/28 3 27 24 800%
9 NEW YORK-A-A-1 4.00% 08/01/40 26 50 24 92%
10 IA FIN AUTH-REVOLVING 5.00% 08/01/33 5 28 23 460%
  • Exhibits the Munis with the largest increase in quote volume for the week ending 9/27/19 vs. the week ending 10/4/19
MOST QUOTED MUNIS
RANK TRANCHE COUPON MATURITY DEALERS
1 TEXAS ST WTR DEV BRD 4.00% 10/15/44 17
2 NEW JERSEY ST TRANSPR 3.25% 06/15/39 14
3 PR SALES TAX FING-A1 5.00% 07/01/58 14
4 ATLANTA ARPT REV-D 4.00% 07/01/39 12
5 PR SALES TAX FING-A1 0.00% 07/01/51 12
6 PR SALES TAX FING-A1 4.75% 07/01/53 12
7 CALIFORNIA ST-REF 5.00% 04/01/28 12
8 PR SALES TAX FING-A1 0.00% 07/01/46 12
9 RESTRUCTURED-SER A-2 4.33% 07/01/40 12
10 MARYLAND ST-A 4.00% 03/15/30 11
  • Ranks the Munis that were quoted by the highest number of dealers between 9/27/19 - 10/4/19

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