Solve Advisors Municipal Bond Market Summaries

  

Municipal Bond Market Summary - Week Ending 12/27/19

Michael Pellerito, December 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 MIDDLETOWN CITY SD 0.00% 12/01/36 3.33% 56.90 55.07
2 ROCHESTER SD-II-BLDG 3.00% 05/01/30 2.86% 111.18 108.08
3 WILLISTON ST CLG-COPS 3.50% 08/01/48 2.50% 96.49 94.13
4 SAN DIEGO TRANSPRTN-A 4.75% 04/01/48 2.38% 115.43 112.75
5 YORKVILLE SPL SVC-REF 3.75% 03/01/31 1.94% 106.56 104.53
6 SAINT PETERSBURG FL-A 5.00% 10/01/42 1.68% 124.76 122.69
7 TRAVIS CO MUD #15 3.38% 09/01/40 1.58% 104.59 102.97
8 TEXAS TRANSPRTN-A-REF 4.00% 08/15/38 1.57% 106.29 104.64
9 PORTLAND SWR-B 4.00% 10/01/38 1.49% 110.44 108.82
10 MONTGOMERY CNTY PA HG 4.00% 09/01/44 1.41% 110.68 109.14
TOP 10 BOND LOSERS
Rank Bond Name Coupon Maturity Chg Price Price - 1W
1 PR-REF-PUB IMPT-A 6.00% 07/01/40 -3.51% 72.13 74.75
2 MN HSG FIN AGY-B-TXBL 3.25% 03/01/47 -3.46% 102.06 105.72
3 MN HSG FIN AGY-F-TXBL 3.20% 06/01/47 -2.72% 101.51 104.35
4 CHICAGO S/TAX 0.00% 01/01/33 -2.59% 67.61 69.40
5 CENT VLY SUPPORT-QSCB 6.08% 09/01/29 -2.03% 121.77 124.29
6 NY DORM-TXB-SER C-BAB 5.20% 02/15/26 -1.45% 114.31 115.99
7 MN HSG FIN AGY-H 3.00% 10/01/47 -1.27% 100.72 102.02
8 FULTON DEV AUTH-B-TXB 5.31% 10/01/35 -1.19% 124.31 125.81
9 MA DEV FIN 4.00% 10/01/35 -1.15% 105.53 106.76
10 NYC TRANS FIN-C-REF 5.00% 11/01/30 -1.13% 123.06 124.46
  •  Showcases the top 10 Muni Bond "Winners" and "Losers" based on price movements between 12/20/19 - 12/27/19
TOP 10 STATE WINNERS
Rank State Name Chg Yld Yld - 1W
1 WI -24 bps 1.80% 2.03%
2 UT -24 bps 2.05% 2.29%
3 NE -22 bps 2.03% 2.25%
4 FL -12 bps 1.89% 2.01%
5 NV -12 bps 2.14% 2.26%
6 SC -12 bps 1.96% 2.08%
7 GA -10 bps 1.82% 1.92%
8 MS -9 bps 2.22% 2.31%
9 NC -9 bps 1.69% 1.77%
10 NY -8 bps 2.02% 2.10%
TOP 10 STATE LOSERS
Rank State Name Chg Yld Yld - 1W
1 HI 26 bps 2.28% 2.02%
2 MO 24 bps 2.32% 2.08%
3 KY 23 bps 2.71% 2.47%
4 DC 18 bps 2.12% 1.94%
5 KS 9 bps 2.40% 2.31%
6 AR 9 bps 2.02% 1.93%
7 OH 9 bps 2.47% 2.38%
8 MT 5 bps 2.37% 2.32%
9 CA 2 bps 2.29% 2.27%
10 MN 1 bps 2.05% 2.04%
  •  Showcases the top 10 Muni State "Winners" and "Losers" based on yield movements between 12/20/19 - 12/27/19

 

 10 Yr Yield by State - All
  • Displays the average Muni 10 year yield by state between 12/20/19 - 12/27/19 (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 12/20/19 - 12/27/19 (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 12/20/19 - 12/27/19 (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 12/20/19 - 12/27/19
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE COUPON MATURITY

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 MONTGOMERY CNTY PA HG 5.00% 09/01/33 12 36 24 200%
2 MIAMI-DADE FACS-A 5.00% 04/01/33 3 24 21 700%
3 GWINNETT CNTY SD-REF 5.00% 02/01/34 11 28 17 155%
4 W CONTRA COSTA USD-D2 0.00% 08/01/36 4 20 16 400%
5 CINCINNATI SD REF 5.25% 12/01/31 10 25 15 150%
6 HIGHLINE SD #401 5.00% 12/01/26 6 21 15 250%
7 SAN FRANCISCO CITY & 5.00% 11/01/32 10 25 15 150%
8 SAN FRANCISCO CITY & 5.00% 11/01/33 9 24 15 167%
9 DIST OF COLUMBIA-A 5.00% 06/01/32 2 17 15 750%
10 HILLSBOROUGH CO -REF 3.00% 08/01/34 7 21 14 200%
  • Exhibits the Munis with the largest increase in quote volume for the week ending 12/20/19 vs. the week ending 12/27/19
MOST QUOTED MUNIS
RANK TRANCHE COUPON MATURITY DEALERS
1 OHIO ST -A-COMMON SCH 5.00% 06/15/30 12
2 NY ST URBAN DEV CORP 3.00% 03/15/49 12
3 MONTGOMERY CNTY PA HG 5.00% 09/01/33 12
4 COLUMBUS OH 5.00% 04/01/26 12
5 OHIO ST -A-COMMON SCH 5.00% 06/15/37 12
6 GWINNETT CO 5.00% 08/01/28 11
7 DIST OF COLUMBIA INCO 5.00% 03/01/31 11
8 OSCEOLA CNTY FL TRANS 4.00% 10/01/54 11
9 FRANKLIN CNTY OH REVE 5.00% 12/01/32 11
10 MARYLAND ST HLTH &HGR 5.00% 10/01/49 11
  • Ranks the Munis that were quoted by the highest number of dealers between 12/20/19 - 12/27/19

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