Solve Advisors Municipal Bond Market Summaries

  

Municipal Bond Market Summary - Week Ending 9/6/19

Michael Pellerito, September 09, 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-REF-A 4.00% 07/01/21 9.01% 63.50 58.25
2 PR COMLWTH UNREF-B 5.00% 07/01/35 3.89% 73.09 70.35
3 SARASOTA CO-C 3.00% 10/01/40 3.73% 104.46 100.71
4 BAY AREA TOLL-S1 6.92% 04/01/40 3.71% 152.76 147.30
5 BURLINGTON-TXB-IMP-A 6.50% 11/01/26 2.88% 125.88 122.36
6 MASSACHUSETTS ST-C 5.00% 05/01/47 2.83% 126.45 122.97
7 NEW YORK CITY NY TRAN 3.28% 08/01/29 2.72% 107.16 104.32
8 PR ELEC-TXB-EEE-BABS 5.95% 07/01/30 2.57% 76.93 75.00
9 CHICAGO BOE-BAB-TXB 6.14% 12/01/39 2.56% 111.64 108.85
10 HALL CNTY NE SCH DIST 2.49% 12/15/30 2.38% 102.38 100.00
TOP 10 BOND LOSERS
Rank Bond Name Coupon Maturity Chg Price Price - 1W
1 COFINA CLASS 2-2054 0.00% 08/01/54 -5.45% 18.15 19.19
2 OH QIR QLTY ENERGY-A 5.70% 08/01/20 -4.63% 86.64 90.84
3 ROSEMONT-TXB-C-CORP 6.60% 12/01/30 -4.03% 123.29 128.47
4 CAPITAL TRUST AGY-B 6.00% 07/01/54 -3.91% 98.62 102.63
5 PR REF & PUB IMPT-C 5.90% 07/01/28 -3.09% 69.10 71.30
6 CALIFORNIA-REF 5.00% 08/01/28 -2.83% 125.58 129.24
7 MET PIER EXPO-PREREF 0.00% 06/15/30 -2.73% 83.09 85.42
8 CHICAGO-REF-B 5.43% 01/01/42 -2.69% 102.59 105.42
9 CALIFORNIA ST 5.00% 03/01/30 -2.40% 120.18 123.14
10 UNIV OF CA-AS-TXBL 3.55% 05/15/39 -2.38% 110.61 113.30
  •  Showcases the top 10 Muni Bond "Winners" and "Losers" based on price movements between 8/30/19 - 9/6/19
TOP 10 STATE WINNERS
Rank State Name Chg Yld Yld - 1W
1 MO -31 bps 1.96% 2.27%
2 CT -17 bps 2.23% 2.41%
3 CO -11 bps 2.20% 2.31%
4 OK -10 bps 1.77% 1.87%
5 IL -9 bps 3.17% 3.26%
6 MA -8 bps 1.80% 1.87%
7 NC -4 bps 1.67% 1.71%
8 IA -4 bps 1.90% 1.93%
9 NJ -3 bps 2.14% 2.18%
10 MS -3 bps 1.88% 1.91%
TOP 10 STATE LOSERS
Rank State Name Chg Yld Yld - 1W
1 AR 51 bps 2.68% 2.17%
2 KS 31 bps 2.37% 2.06%
3 OH 28 bps 2.36% 2.09%
4 WA 26 bps 1.93% 1.67%
5 GA 26 bps 2.10% 1.84%
6 RI 21 bps 1.88% 1.66%
7 HI 17 bps 1.95% 1.79%
8 KY 13 bps 2.31% 2.18%
9 MI 10 bps 2.32% 2.21%
10 OR 10 bps 2.14% 2.04%
  •  Showcases the top 10 Muni State "Winners" and "Losers" based on yield movements between 8/30/19 - 9/6/19

 

 10 Yr Yield by State - All
  • Displays the average Muni 10 year yield by state between 8/30/19 - 9/6/19 (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 8/30/19 - 9/6/19 (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 8/30/19 - 9/6/19 (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 8/30/19 - 9/6/19
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE COUPON MATURITY

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 SAN DIEGO ASSN OF GOV 1.80% 11/15/27 20 52 32 160%
2 MT SAN ANTONIO CCD-A 5.00% 08/01/41 16 45 29 181%
3 MICHIGAN ST TRUNK LIN 5.00% 11/15/22 7 35 28 400%
4 VA CLG BLDG AUTH-A 3.00% 02/01/38 17 45 28 165%
5 NY URBAN DEV-A 5.00% 03/15/44 14 40 26 186%
6 MN PUB FACS AUTH-A 5.00% 03/01/24 6 30 24 400%
7 COLUMBUS OH 5.00% 04/01/31 18 42 24 133%
8 METRO TRANSP AUTH-A2 5.00% 11/15/26 6 30 24 400%
9 PENNSYLVANIA ST-1ST 5.00% 03/15/28 7 30 23 329%
10 AMARILLO ISD-B-BLDG 4.00% 02/01/34 8 30 22 275%
  • Exhibits the Munis with the largest increase in quote volume for the week ending 8/30/19 vs. the week ending 9/6/19
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 MO HWYS-A-REF-1ST 5.00% 05/01/24 13
4 VIRGINIA-A-REF 5.00% 06/01/24 13
5 NY LIBERTY DEV CORP-1 5.00% 11/15/44 12
6 OHIO ST-A 5.00% 05/01/28 12
7 SAN DIEGO ASSN OF GOV 1.80% 11/15/27 12
8 PORT OF SEATTLE WA RE 5.00% 04/01/37 11
9 TX WTR DEV BRD-A 5.00% 10/15/43 11
10 LOS ANGELES CNTY CA M 5.00% 07/01/44 11
  • Ranks the Munis that were quoted by the highest number of dealers between 8/30/19 - 9/6/19

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