Solve Advisors Municipal Bond Market Summaries

  

Municipal Bond Market Summary - Week Ending 8/30/19

Michael Pellerito, September 03, 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 NORFOLK VA 3.19% 10/01/48 6.36% 106.96 100.56
2 PR-REF-A 5.00% 07/01/22 6.21% 63.73 60.00
3 MIAMI SPL OBLIG-CABS 0.00% 10/01/46 5.57% 44.61 42.26
4 MET GOVT W/S-B-BABS 6.57% 07/01/37 5.47% 145.65 138.10
5 KERN CA CMNTY CLG DIS 2.95% 11/01/32 5.42% 105.41 99.99
6 ILLINOIS ST FIN AUTH 3.94% 08/15/47 4.71% 115.44 110.24
7 PORTAGE MI PUB SCHS 3.00% 05/01/40 4.19% 103.89 99.71
8 PR ELEC 5.25% 07/01/18 4.16% 79.20 76.03
9 CONNECTICUT ST HLTH & 4.00% 07/01/35 3.83% 118.92 114.53
10 TEXAS A&M UNIV BRD -B 2.71% 05/15/30 3.78% 104.74 100.93
TOP 10 BOND LOSERS
Rank Bond Name Coupon Maturity Chg Price Price - 1W
1 KINGSTON PA-REF-NTS 3.13% 12/15/30 -9.01% 102.27 112.39
2 ILLINOIS FIN AUTH-B 5.63% 05/15/20 -7.14% 90.08 97.00
3 MONTGOMERY CO MUD #8 3.00% 04/01/30 -6.20% 104.72 111.64
4 CAPITAL TRUST AGY-B 5.50% 07/01/43 -3.22% 98.81 102.10
5 GARDENA COPS-TXB-A 6.38% 07/01/30 -2.18% 119.84 122.51
6 BERTIE CO-A-QSCB 4.67% 11/01/35 -2.17% 118.10 120.71
7 PR COMLWTH UNREF-B 5.00% 07/01/35 -2.15% 70.35 71.90
8 RIALTO REDEV-TXB-B 7.50% 09/01/37 -2.13% 146.11 149.30
9 BALTIMORE CNTY MD 2.89% 07/01/32 -1.96% 105.38 107.49
10 CALIFORNIA-REF 5.00% 08/01/36 -1.95% 122.72 125.16
  •  Showcases the top 10 Muni Bond "Winners" and "Losers" based on price movements between 8/23/19 - 8/30/19
TOP 10 STATE WINNERS
Rank State Name Chg Yld Yld - 1W
1 AR -25 bps 2.17% 2.42%
2 RI -19 bps 1.66% 1.85%
3 KS -17 bps 2.06% 2.23%
4 WI -16 bps 2.10% 2.27%
5 MN -16 bps 1.68% 1.84%
6 WA -15 bps 1.67% 1.82%
7 KY -12 bps 2.18% 2.30%
8 OR -12 bps 2.04% 2.16%
9 CA -11 bps 2.03% 2.13%
10 MI -8 bps 2.21% 2.30%
TOP 10 STATE LOSERS
Rank State Name Chg Yld Yld - 1W
1 CO 19 bps 2.31% 2.13%
2 AZ 15 bps 3.05% 2.90%
3 MA 12 bps 1.87% 1.75%
4 AL 9 bps 2.30% 2.21%
5 IL 8 bps 3.29% 3.22%
6 MO 7 bps 2.10% 2.03%
7 HI 6 bps 1.79% 1.73%
8 NJ 6 bps 2.18% 2.12%
9 NY 6 bps 2.07% 2.02%
10 NV 5 bps 2.02% 1.96%
  •  Showcases the top 10 Muni State "Winners" and "Losers" based on yield movements between 8/23/19 - 8/30/19

 

 10 Yr Yield by State - All
  • Displays the average Muni 10 year yield by state between 8/23/19 - 8/30/19 (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 8/23/19 - 8/30/19 (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 8/23/19 - 8/30/19 (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 8/23/19 - 8/30/19
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE COUPON MATURITY

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 NY LIBERTY DEV CORP 5.00% 11/15/44 10 48 38 380%
2 VA ST CMWLTH TR 4.00% 05/15/42 13 45 32 246%
3 SAN DIEGO USD-I 4.00% 07/01/47 4 33 29 725%
4 LOS ANGELES USD-A 4.00% 07/01/34 2 30 28 1400%
5 PORT OF STLE-D-AMT 5.00% 05/01/25 6 33 27 450%
6 UNIV OF ALASKA-T-GEN 5.00% 10/01/20 2 28 26 1300%
7 UNIV OF ALASKA-T-GEN 5.00% 10/01/21 2 28 26 1300%
8 NORTHWEST ISD 4.00% 02/15/44 6 30 24 400%
9 UNIV OF HSTN-A-REF 5.00% 02/15/24 8 32 24 300%
10 KILLEEN ISD 4.00% 02/15/39 20 44 24 120%
  • Exhibits the Munis with the largest increase in quote volume for the week ending 8/23/19 vs. the week ending 8/30/19
MOST QUOTED MUNIS
RANK TRANCHE COUPON MATURITY DEALERS
1 UNIV OF TEXAS TX-REF 4.00% 08/15/37 14
2 PITTSBURGH PA WTR & S 5.00% 09/01/26 13
3 ARIZONA ST COPS 5.00% 10/01/29 13
4 MO HWYS-A-REF-1ST 5.00% 05/01/24 13
5 NYC TRANS FIN-F1 5.00% 05/01/31 13
6 VIRGINIA-A-REF 5.00% 06/01/24 13
7 NY LIBERTY DEV CORP-1 5.00% 11/15/44 12
8 HENNEPIN SLS TAX-REF 5.00% 12/15/29 12
9 OHIO ST-A 5.00% 05/01/27 12
10 OHIO ST-A 5.00% 05/01/28 12
  • Ranks the Munis that were quoted by the highest number of dealers between 8/23/19 - 8/30/19

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