Solve Advisors Municipal Bond Market Summaries

  

Municipal Bond Market Summary - Week Ending 9/13/19

Michael Pellerito, September 16, 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 MICHIGAN ST FIN AUTH 4.92% 11/01/39 14.53% 124.38 108.60
2 REF-SER DDD-RSA-1 5.00% 07/01/19 5.56% 78.38 74.25
3 PR HWY/TRN-G-UNREF 5.00% 07/01/33 4.71% 39.56 37.78
4 PR COMWLTH-IMPT-A 5.50% 07/01/21 4.12% 87.98 84.50
5 SONOMA PENSION-TXB-A 5.07% 12/01/22 3.70% 104.95 101.20
6 CHICAGO BRD OF ED 6.52% 12/01/40 3.63% 114.75 110.73
7 ID BLDG TXB-SER B 5.98% 09/01/29 3.05% 123.36 119.71
8 PUERTO RICO-REF-E 5.63% 07/01/32 2.86% 70.50 68.54
9 PR ELEC 5.25% 07/01/26 2.49% 80.20 78.25
10 PR COMWLTH SER A 5.25% 07/01/29 2.36% 72.97 71.29
TOP 10 BOND LOSERS
Rank Bond Name Coupon Maturity Chg Price Price - 1W
1 CHICAGO-TXB-B-BABS 7.52% 01/01/40 -5.67% 141.57 150.08
2 NE PUB PWR-GEN-A-BABS 5.42% 01/01/43 -5.26% 125.09 132.04
3 MONTCLAIR TWP-A-REF 5.00% 01/01/26 -4.81% 115.42 121.25
4 DALLAS-FORT WORTH-A 3.14% 11/01/45 -4.74% 101.27 106.31
5 BUCKEYE TOB CAB-1ST-B 0.00% 06/01/47 -4.69% 6.20 6.50
6 MARYLAND STADIUM AUTH 3.71% 03/01/39 -4.66% 108.73 114.04
7 MO ST HLTH & EDU FACS 3.65% 01/15/46 -4.42% 110.18 115.27
8 KANE CO SD #131-B 4.15% 06/01/41 -4.38% 107.61 112.54
9 UNIV CA REVS-BABS 5.95% 05/15/45 -4.31% 136.92 143.08
10 NY URBAN DEV CORP-A 5.00% 03/15/30 -4.25% 122.93 128.39
  •  Showcases the top 10 Muni Bond "Winners" and "Losers" based on price movements between 9/6/19 - 9/13/19
TOP 10 STATE WINNERS
Rank State Name Chg Yld Yld - 1W
1 AR -31 bps 2.22% 2.54%
2 OH -24 bps 2.10% 2.34%
3 CO -16 bps 2.04% 2.20%
4 MT -7 bps 1.86% 1.93%
5 CT -7 bps 2.17% 2.24%
6 IL -6 bps 3.11% 3.17%
7 SC -5 bps 2.02% 2.07%
8 WI 4 bps 2.17% 2.13%
9 KS 5 bps 2.47% 2.42%
10 TX 5 bps 2.19% 2.14%
TOP 10 STATE LOSERS
Rank State Name Chg Yld Yld - 1W
1 KY 26 bps 2.58% 2.31%
2 MS 26 bps 2.13% 1.88%
3 MD 24 bps 2.17% 1.93%
4 MA 24 bps 2.00% 1.77%
5 AL 16 bps 2.44% 2.28%
6 IA 15 bps 2.05% 1.90%
7 VA 15 bps 1.81% 1.66%
8 WA 14 bps 2.07% 1.93%
9 FL 14 bps 2.10% 1.97%
10 GA 13 bps 2.19% 2.06%
  •  Showcases the top 10 Muni State "Winners" and "Losers" based on yield movements between 9/6/19 - 9/13/19

 

 10 Yr Yield by State - All
  • Displays the average Muni 10 year yield by state between 9/6/19 - 9/13/19 (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 9/6/19 - 9/13/19 (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 9/6/19 - 9/13/19 (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 9/6/19 - 9/13/19
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE COUPON MATURITY

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 NEW YORK NY 4.00% 10/01/41 9 45 36 400%
2 MET TRANS AUTH-B2 5.25% 11/15/33 18 45 27 150%
3 DENVER CITY & CO ARPT 5.00% 12/01/31 13 40 27 208%
4 NY ST DORM AUTH -A 5.00% 03/15/43 31 58 27 87%
5 PHILADELPHIA-B 5.00% 02/01/39 17 43 26 153%
6 PHILADELPHIA-B 5.00% 02/01/32 4 30 26 650%
7 PELHAM-WTS 5.00% 02/01/33 15 40 25 167%
8 NYC MUNI WTR FIN-EE-2 4.00% 06/15/40 4 29 25 625%
9 MET WASHINGTON DC ARP 5.00% 10/01/33 5 30 25 500%
10 PORT AUTH NY & NJ-205 5.00% 11/15/47 20 45 25 125%
  • Exhibits the Munis with the largest increase in quote volume for the week ending 9/6/19 vs. the week ending 9/13/19
MOST QUOTED MUNIS
RANK TRANCHE COUPON MATURITY DEALERS
1 VIRGINIA-A-REF 5.00% 06/01/24 13
2 PITTSBURGH PA WTR & S 5.00% 09/01/26 13
3 NY ST DORM AUTH -A 5.00% 03/15/43 12
4 RESTRUCTURED-SER A-2 4.33% 07/01/40 12
5 NY LIBERTY DEV CORP-1 5.00% 11/15/44 12
6 OHIO ST-A 5.00% 05/01/28 12
7 UNIV OF VA-B-REF 5.00% 04/01/44 11
8 HOUSTON TX -A -REF 5.00% 03/01/29 11
9 ILLINOIS ST-D 5.00% 11/01/23 11
10 TX WTR DEV BRD-A 5.00% 10/15/43 11
  • Ranks the Munis that were quoted by the highest number of dealers between 9/6/19 - 9/13/19

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