Solve Advisors Municipal Bond Market Summaries

  

Municipal Bond Market Summary - Week Ending 9/27/19

Michael Pellerito, September 30, 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 PUB IMPT-SER A 5.25% 07/01/24 4.90% 76.50 72.92
2 DENAIR USD-CABS 0.00% 08/01/43 3.70% 48.97 47.22
3 OHIO ST UNIV-TXBL-A 3.80% 12/01/46 2.72% 116.02 112.95
4 PHILA SD-A-QSCB 6.00% 09/01/30 2.66% 126.55 123.27
5 CA MUNI FIN AUTH-A 5.00% 06/01/35 2.62% 122.78 119.65
6 BAY AREA TOLL AUTH-F1 5.00% 04/01/54 2.55% 116.85 113.95
7 MUNI ELEC AUTH OF GA 4.00% 01/01/49 2.51% 107.04 104.42
8 CA MUNI FIN AUTH-A 5.00% 06/01/33 2.51% 123.29 120.27
9 MUNI ELEC AUTH OF GEO 4.00% 01/01/49 2.49% 105.62 103.05
10 JEFFERSON UN HSD 4.65% 08/01/49 2.49% 109.04 106.39
TOP 10 BOND LOSERS
Rank Bond Name Coupon Maturity Chg Price Price - 1W
1 PR ELEC-WW 5.50% 07/01/18 -5.57% 74.60 79.00
2 NC EASTN TXB-REF-B 6.55% 01/01/24 -3.69% 109.51 113.71
3 PUB FIN-MFH-A 5.25% 06/01/47 -3.47% 93.11 96.46
4 GOLDEN VY USD-B 0.00% 08/01/33 -3.27% 68.07 70.37
5 CHICAGO BRD OF ED 6.52% 12/01/40 -2.89% 111.43 114.75
6 CA UNIV REVENUE-A-REF 5.00% 11/01/35 -2.87% 123.78 127.44
7 PURDUE UNIV 5.25% 07/01/29 -2.80% 130.03 133.78
8 CO ST HLTH FACS AUTH 5.00% 08/01/36 -2.61% 121.78 125.05
9 NEW YORK ST URBAN DEV 3.32% 03/15/29 -2.51% 106.16 108.90
10 NEW YORK CITY TRANS 2.80% 02/01/26 -2.48% 103.17 105.79
  •  Showcases the top 10 Muni Bond "Winners" and "Losers" based on price movements between 9/20/19 - 9/27/19
TOP 10 STATE WINNERS
Rank State Name Chg Yld Yld - 1W
1 GA -26 bps 1.97% 2.23%
2 AK -23 bps 2.44% 2.66%
3 AL -20 bps 2.04% 2.24%
4 MN -15 bps 1.83% 1.98%
5 IA -13 bps 1.99% 2.12%
6 MD -11 bps 2.07% 2.19%
7 KS -10 bps 2.40% 2.50%
8 WA -7 bps 1.95% 2.01%
9 HI -6 bps 2.03% 2.09%
10 MS -6 bps 2.02% 2.08%
TOP 10 STATE LOSERS
Rank State Name Chg Yld Yld - 1W
1 RI 25 bps 2.10% 1.85%
2 CO 21 bps 2.22% 2.01%
3 AR 17 bps 2.47% 2.31%
4 MA 11 bps 2.09% 1.98%
5 WI 10 bps 2.11% 2.02%
6 NY 9 bps 2.24% 2.15%
7 CT 6 bps 2.29% 2.24%
8 UT 4 bps 2.30% 2.26%
9 NJ 2 bps 2.19% 2.17%
10 AZ 1 bps 3.25% 3.24%
  •  Showcases the top 10 Muni State "Winners" and "Losers" based on yield movements between 9/20/19 - 9/27/19

 

 10 Yr Yield by State - All
  • Displays the average Muni 10 year yield by state between 9/20/19 - 9/27/19 (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 9/20/19 - 9/27/19 (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 9/20/19 - 9/27/19 (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 9/20/19 - 9/27/19
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE COUPON MATURITY

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 GUILFORD CO-B 5.00% 05/01/29 9 45 36 400%
2 LEANDER ISD-C-CABS 0.00% 08/15/49 9 45 36 400%
3 NEW YORK CITY NY TRAN 5.00% 05/01/33 3 36 33 1100%
4 HAWAII ST 5.00% 10/01/31 4 36 32 800%
5 MI ST FIN AUTH 5.00% 11/15/36 3 34 31 1033%
6 JEFFERSON CO SD R-1 4.00% 12/15/35 7 36 29 414%
7 MA DEV FIN AGY-REF 5.00% 10/01/57 22 50 28 127%
8 MA ST DEV FIN-F--REF 5.00% 08/15/40 2 30 28 1400%
9 MARYLAND ST-2ND SER A 5.00% 08/01/31 7 32 25 357%
10 PORT AUTH OF NEW YORK 5.00% 09/01/37 11 35 24 218%
  • Exhibits the Munis with the largest increase in quote volume for the week ending 9/20/19 vs. the week ending 9/27/19
MOST QUOTED MUNIS
RANK TRANCHE COUPON MATURITY DEALERS
1 MET TRANSPRTN AUTH NY 5.00% 11/15/37 13
2 NEW YORK ST DORM AUTH 5.00% 03/15/36 12
3 ATLANTA ARPT REV-D 4.00% 07/01/39 12
4 CO ST HLTH FACS AUTH 3.25% 08/01/49 12
5 FAIRFAX INDL DEV-B2 5.00% 05/15/57 11
6 PR SALES TAX FING-A1 5.00% 07/01/58 11
7 PHILADELPHIA PA HOSPS 5.00% 07/01/29 11
8 CALIFORNIA 4.00% 10/01/39 11
9 KILLEEN ISD 4.00% 02/15/36 11
10 WASHINGTON ST-2020A 5.00% 08/01/35 11
  • Ranks the Munis that were quoted by the highest number of dealers between 9/20/19 - 9/27/19

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